Knife River (KNF) Proxy filing summary

Voting matters and shareholder proposals

• Election of two Class III directors, Karen B. Fagg and Brian R. Gray, with board recommending approval.

• Advisory vote on executive compensation for named executive officers, with board recommending approval.

• Ratification of Deloitte & Touche LLP as independent registered public accounting firm for 2026, with board recommending approval.

• Additional business may be addressed if properly brought before the meeting or any adjournment.

Board of directors and corporate governance

• Board recommends the election of two directors to serve as Class III directors.

Executive compensation and say-on-pay

• Advisory vote scheduled to approve compensation paid to named executive officers.