People Incorporated (PPLI) Proxy filing summary

Executive summary

• Annual Meeting scheduled for July 16, 2026, will be held virtually to maximize shareholder participation and accessibility.

• Shareholders will vote on electing twelve directors, an advisory say-on-pay for 2025 executive compensation, and ratification of Ernst & Young LLP as auditor for 2026.

• Board recommends voting in favor of all proposals.

• Voting can be done online, by phone, or by mail, with detailed instructions provided to shareholders.

Voting matters and shareholder proposals

• Proposal 1: Elect twelve directors, with nine elected by all capital stock and three by common stock as a separate class.

• Proposal 2: Advisory vote on 2025 executive compensation; majority vote required, non-binding.

• Proposal 3: Ratification of Ernst & Young LLP as independent auditor for 2026; majority vote required.

• Board recommends a vote FOR all proposals.

• Shareholders may submit proposals for the 2027 meeting by specified deadlines.

Board of directors and corporate governance

• Board consists of twelve members, including two management and ten independent directors.

• Standing committees: Audit, Compensation and Human Capital, Nominating and Corporate Governance (NCG), and Executive.

• Board leadership transition planned: company to rebrand as People Incorporated, with new CEO and CFO from People Inc. business effective mid-2026.

• Board and committees met regularly in 2025; all directors attended at least 75% of meetings.

• Director independence reviewed annually; nine directors determined independent.