Power Integrations (POWI) Proxy Filing summary

Executive summary

• Annual meeting scheduled for May 15, 2025, to be held virtually at 8:00 a.m. Pacific time.

• Proxy materials are available online, and shareholders are encouraged to review and vote electronically or by mail.

• Voting will cover director elections, executive compensation, auditor ratification, governance amendments, incentive plan changes, and a shareholder proposal.

Voting matters and shareholder proposals

• Election of eight directors to serve until the 2026 annual meeting or until successors are qualified.

• Advisory vote on executive compensation for named executive officers.

• Ratification of Deloitte & Touche LLP as independent auditor for fiscal year ending December 31, 2025.

• Proposal to amend and restate the certificate of incorporation to eliminate supermajority voting requirements.

• Proposal to amend the 2016 Incentive Award Plan, increasing the maximum value of awards and cash to non-employee directors from $300,000 to $750,000 per year.

• Shareholder proposal to require separation of Chairman and CEO roles, if properly presented.

Board of directors and corporate governance

• Board recommends voting FOR all director nominees and all management proposals, and AGAINST the shareholder proposal to separate Chairman and CEO roles.

• Virtual-only meeting format with online access and voting options.