Seacoast Banking of Florida (SBCF) Proxy Filing summary

Executive summary

• Achieved strong 2024 results with net income of $121.0 million and Tier 1 Capital ratio of 14.8%.

• Returned to growth-focused lending, hiring 30 new bankers and expanding product offerings.

• Announced acquisition of Heartland National Bank, expected to close in Q3 2025.

• Recognized for workplace excellence, including Best Banks to Work For and Great Place To Work Certification.

• Focus for 2025 includes conservative balance sheet management and profitability improvement.

Voting matters and shareholder proposals

• Election of four Class II directors for three-year terms.

• Proposal to increase authorized common stock from 120M to 200M shares.

• Proposal to amend 2021 Incentive Plan to add 2M shares.

• Advisory votes on executive compensation and frequency (Board recommends annual vote).

• Ratification of Crowe LLP as independent auditor for 2025.

Board of directors and corporate governance

• Board consists of 12 members, 9 of whom are independent; Chairman/CEO is sole management director.

• Board refreshment ongoing, with eight new directors added since 2013.

• Five standing committees: Audit, Compensation & Governance, Corporate Development, Enterprise Risk Management, Information Technology.

• Lead Independent Director elected annually; regular executive sessions held without management.

• Board and committees conduct annual self-evaluations and succession planning reviews.