Light & Wonder (LNW) Proxy filing summary

Executive summary

• Annual meeting scheduled for June 10, 2026, to be held virtually, with nine directors up for election and several key proposals on executive and director compensation, auditor ratification, and incentive grants.

• Transitioned to a sole primary listing on the ASX in 2025, with related governance and disclosure adjustments.

• Proxy materials and annual report available online; shareholders encouraged to vote in advance or during the meeting.

Voting matters and shareholder proposals

• Shareholders to vote on: election of nine directors, advisory approval of executive compensation, approval of 2026 long-term incentive equity grants to the CEO, approval of aggregate annual non-employee director compensation, and ratification of Deloitte & Touche LLP as independent auditor.

• Voting exclusions apply for certain proposals per ASX rules, particularly for those with a material benefit.

• Shareholder proposals for the next annual meeting must be submitted by December 31, 2026.

Board of directors and corporate governance

• Board consists of nine members, with a mix of industry, financial, and regulatory expertise; six are independent under ASX standards.

• Separate Chair and CEO roles, with a Lead Independent Director designated.

• Four standing committees: Audit, Compensation, Compliance, and Nominating & Corporate Governance, all comprised of independent directors (except Compliance, which includes an advisor).

• Annual board and committee self-evaluations, director stock ownership guidelines, and regular executive sessions.