Netlist (NLST) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for September 9, 2025, at UCI Research Park, Irvine, California, with voting on key proposals and director elections.

• Proxy Statement supplemented to update beneficial ownership, related party transactions, and director nominee qualifications.

Voting matters and shareholder proposals

• Shareholders will vote on the re-election of Chun K. Hong, Blake Welcher, and Jun Cho as directors, each to serve until the 2026 Annual Meeting.

• Proxies received will be voted as instructed unless revoked or changed.

• A plurality of votes cast is required to elect the nominees.

Board of directors and corporate governance

• Chun K. Hong, Blake Welcher, and Jun Cho nominated for re-election, each bringing extensive executive, legal, and international experience.

• No arrangements or understandings exist regarding director selection; no family relationships among directors or nominees.

• Board recommends voting in favor of all three nominees.