Lineage (LINE) Proxy filing summary

Executive summary

• 2025 was the first full year as a public company, marked by challenging market conditions and industry headwinds, but the company responded with cost-saving initiatives, asset sales, and operational improvements, leading to improved stability by year-end and positive momentum into 2026.

• The 2026 annual meeting will be held virtually on June 9, 2026, with stockholders voting on director elections, auditor ratification, and executive compensation.

• Forward-looking statements highlight ongoing strategic execution, continued investment, and a focus on long-term value creation for stockholders.

Voting matters and shareholder proposals

• Stockholders will vote on the election of 10 directors, ratification of PricewaterhouseCoopers LLP as independent auditor for 2026, and an advisory say-on-pay vote on executive compensation.

• The board recommends voting FOR all director nominees and FOR the auditor and say-on-pay proposals.

• Voting procedures, quorum requirements, and proxy revocation processes are detailed for both record holders and street name holders.

• Proposals must be submitted by December 24, 2026, for inclusion in the 2027 proxy statement.

Board of directors and corporate governance

• The board consists of 10 directors, with nominees designated by major shareholders per the Stockholders Agreement.

• A majority of the board is independent, and the company qualifies as a "controlled company" under Nasdaq rules, allowing certain governance exemptions.

• Four standing committees: Audit, Talent and Compensation, Equity Award, and Nominating and Corporate Governance, each with defined responsibilities.

• Lead Independent Director role established; regular executive sessions of independent directors are held.

• Annual board and committee self-evaluations are conducted, with third-party analysis and action plans for improvement.

• Stock ownership guidelines require significant equity holdings for directors and executives.

• Policies prohibit hedging, speculative trading, and personal loans to executives and directors.