Lumentum (LITE) Proxy filing summary

Executive summary

• FY26 revenue reached $3.014B, up 83% YoY; non-GAAP EPS was $8.67 vs. $2.06 in FY25, and Q4 revenue exceeded $1B.

• Optical Circuit Switch quarterly revenue run rate surpassed $100M; leadership expects the product line to generate billions in revenue in upcoming years.

• FY27 Q1 revenue guidance pointed to continued triple-digit YoY growth; FY26 marked the eighth consecutive quarter of revenue growth.

Voting matters and shareholder proposals

• Stockholders will vote on eight director nominees for one-year terms, advisory approval of named executive officer compensation, and Deloitte & Touche LLP’s appointment for FY27; the board recommends FOR each proposal.

• Director nominees require a majority of votes cast; say-on-pay and auditor ratification each require a majority of voting shares present and entitled to vote.

• For 2027 proxy inclusion, stockholder proposals must reach the Secretary by June 8, 2027; other business and director nominations are subject to bylaw advance-notice deadlines.

Board of directors and corporate governance

• Board size will fall from nine to eight after the meeting as Julia S. Johnson will not seek reelection; all nominees are independent except CEO Michael E. Hurlston.

• Penelope A. Herscher serves as independent chair, separate from the CEO; seven of nine directors were independent as of September 24, 2026.

• The board held nine meetings in FY26; continuing directors attended at least 94% of eligible board and committee meetings.

• The Audit, Compensation and Governance committees are composed entirely of independent directors; their oversight spans reporting, executive pay, nominations, governance and sustainability.