MSP Recovery (MSPR) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for August 8, 2025, via virtual webcast, with shareholders of record as of June 11, 2025, eligible to vote on key proposals.

• The company specializes in healthcare reimbursement recovery, leveraging advanced data analytics and proprietary algorithms to identify and recover improper payments, primarily under the Medicare Secondary Payer Act.

• The business model is based on irrevocable assignments of claims, providing control over litigation and recovery processes, with a focus on high-margin annual recovery revenue.

• The company is expanding its technology platforms, including the Chase to Pay and EHR platforms, to improve payment accuracy and data management in healthcare.

• Forward-looking statements caution that results may differ due to risks and uncertainties, with no obligation to update projections.

Voting matters and shareholder proposals

• Shareholders will vote on the re-election of three Class III directors for three-year terms and the ratification of Deloitte as the independent registered public accounting firm for 2025.

• The board recommends voting FOR both proposals.

• Voting rights are one vote per share, with a majority required for auditor ratification and a plurality for director elections.

Board of directors and corporate governance

• The board consists of seven directors divided into three staggered classes, with 71% independent directors and a diverse mix of skills and backgrounds.

• All audit and compensation committee members are independent, and the company has a single class voting structure (one share, one vote).

• The board held 12 meetings in 2024, with all directors attending at least 75% of meetings.

• The company maintains a broad Code of Conduct, anti-hedging/pledging policies, and comprehensive trading policies for insiders.

• The board is actively involved in risk oversight, with the audit committee primarily responsible for risk management, including cybersecurity and compliance.