Lineage (LINE) Proxy Filing summary

Executive summary

• Achieved a record-setting Nasdaq IPO in July 2024, reducing leverage below 5x and earning investment-grade ratings from Moody's and Fitch.

• Delivered $5.3 billion in total revenue for 2024, with expanded margins, increased adjusted EBITDA, and strong cash flow.

• Deployed over $760 million in growth capital, including strategic acquisitions and greenfield developments.

• Focused on innovation, launching automated facilities and proprietary LinOS technology to enhance efficiency and service.

• Maintained robust operating fundamentals with 78% same warehouse occupancy and record safety and productivity metrics.

Voting matters and shareholder proposals

• Election of ten directors to serve until the 2026 annual meeting.

• Ratification of PricewaterhouseCoopers LLP as independent auditor for fiscal 2025.

• Advisory vote on executive compensation (say-on-pay) and on the frequency of future say-on-pay votes, with the board recommending annual votes.

Board of directors and corporate governance

• Board consists of ten directors, with nominees designated by major shareholders per the Stockholders Agreement.

• Majority of directors are independent; lead independent director in place.

• Four standing committees: Audit, Compensation, Equity Award, and Nominating and Corporate Governance.

• Controlled company status under Nasdaq rules, allowing certain governance exemptions.