LiveWire Group (LVWR) Proxy Filing summary

Executive summary

• Achieved significant milestones in 2024, including launching two new electric motorcycle models and expanding operations in Europe to seven countries.

• Implemented a strategic plan focused on operational simplicity, profitability, and long-term growth, with an expected reduction in cash burn by over 40% in 2025 compared to 2024.

• Continued to build brand awareness through high-profile events and collaborations, and received industry recognition for product excellence.

Voting matters and shareholder proposals

• Stockholders will vote to elect nine director nominees for one-year terms and to ratify the selection of KPMG LLP as the independent registered public accounting firm for 2025.

• The Board recommends voting "For" all director nominees and the ratification of KPMG.

• No other shareholder proposals are scheduled; any other business may be addressed as appropriate.

Board of directors and corporate governance

• The Board consists of nine members, with four considered independent under NYSE rules.

• As a controlled company, certain NYSE governance requirements are not fully applicable, including committee independence.

• The Board separates the roles of Chairman and CEO and has five standing committees: Audit and Finance, Sustainability and Safety, Conflicts, Human Resources, and Nominating and Corporate Governance.

• Directors are encouraged to attend annual meetings, and independent directors meet in executive session as needed.