Satellogic (SATL) Proxy filing summary

Executive summary

• Revenue grew 38% in 2025 to $17.7 million, with Q4 accelerating to 94% year-over-year growth and operating expenses declining 25%.

• Ended 2025 with $94.4 million in cash and $65.1 million in non-cancellable performance obligations, providing multi-year revenue visibility.

• Completed U.S. domestication, enabling access to government and defense contracts, and expanded partnerships in Europe, Australia, India, and Albania.

• Launched Aleph Observer for daily AI-powered site monitoring and began development of Merlin, a customer-funded satellite constellation targeting daily global remapping by 2027.

Voting matters and shareholder proposals

• Stockholders will vote to elect two Class II directors for terms expiring in 2029 and to ratify Ernst & Young LLP as the independent registered public accounting firm for fiscal 2026.

• Board recommends voting FOR both director nominees and the auditor ratification.

• Only holders as of April 10, 2026, are entitled to vote; Class A shares have one vote each, Class B shares have 1.472467906 votes each.

• Proposals require a plurality (directors) or majority (auditor) of votes cast; abstentions count against auditor ratification.

Board of directors and corporate governance

• Board consists of seven members with staggered three-year terms; roles of Chairman and CEO are separated.

• Four standing committees: Audit, Compensation, Governance, and Finance; all but Finance are fully independent.

• Independent directors meet in executive session; current independent directors include Wang, Kennedy, Killalea, and Gutiérrez.

• Governance Committee considers diversity, ethics, and professional achievement in director nominations.