Katapult (KPLT) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on June 4, 2025, with voting on director election, auditor ratification, executive compensation, and frequency of say-on-pay votes.

• 2024 saw strong growth in gross originations and revenue, improved profitability, and a successful expansion of the Katapult App Marketplace, with over 50% of gross originations now starting in the company's ecosystem.

• Key 2025 initiatives include increasing consumer engagement, expanding merchant partnerships, and developing referral partnerships to drive growth.

• Forward-looking statements highlight continued focus on scaling the business, leveraging the platform, and growing topline and profitability.

Voting matters and shareholder proposals

• Proposals include electing a Class I director (Chris Masto), ratifying Grant Thornton LLP as auditor, approving executive compensation, and setting the frequency of say-on-pay votes (recommended as annual).

• Each share of common stock is entitled to one vote; voting can be done online, by phone, mail, or during the virtual meeting.

• Board recommends voting FOR all proposals and for annual say-on-pay votes.

Board of directors and corporate governance

• Board will reduce to five members after the meeting, with five out of six current directors being independent.

• Chris Masto is nominated for re-election as Class I director; board members bring diverse experience in finance, technology, and consumer services.

• Board committees include Audit, Compensation, and Nominating and Corporate Governance, all with independent members.

• Annual board and committee self-evaluations are conducted with outside advisors.

• Policies prohibit hedging, short sales, short-term trading, and pledging of company stock by directors and officers.