Light & Wonder (LNW) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on June 10, 2025, with voting on key proposals including board elections, executive compensation, an amendment to the 2003 Incentive Compensation Plan, and auditor ratification.

• Stockholders of record as of April 11, 2025, are eligible to vote, with multiple methods available for participation and voting.

• The proxy materials and annual report are available online, and technical assistance is provided for virtual meeting access.

Voting matters and shareholder proposals

• Proposals include electing nine directors, an advisory vote on executive compensation, approval of an amendment to the 2003 Incentive Compensation Plan (adding 2.3 million shares), and ratification of Deloitte & Touche LLP as auditor.

• The board recommends voting FOR all proposals.

• Shareholder proposals for the next annual meeting must be submitted by December 31, 2025, for inclusion in proxy materials.

Board of directors and corporate governance

• Nine director nominees, including a mix of industry, financial, and regulatory experience, are up for election; six are independent.

• The board structure includes separate Chair and CEO roles, a Lead Independent Director, and four standing committees (Audit, Compensation, Compliance, Nominating & Corporate Governance).

• Directors are subject to stock ownership guidelines and annual elections; diversity and inclusion are emphasized in board composition.