South Plains Financial (SPFI) Proxy filing summary

Executive summary

• The annual meeting will be held virtually on May 11, 2026, with shareholders able to participate and vote online using a unique control number.

• Shareholders will vote on electing two Class I directors, ratifying the appointment of the independent auditor, and an advisory say-on-pay vote for executive compensation.

• Only shareholders of record as of March 19, 2026, are entitled to vote.

• Proxy materials, including the annual report and proxy statement, are available online, and shareholders are encouraged to vote by mail, phone, or internet.

Voting matters and shareholder proposals

• Election of two Class I directors (Richard D. Campbell and LaDana R. Washburn) to serve until 2029.

• Ratification of Forvis Mazars, LLP as the independent registered public accounting firm for 2026.

• Advisory (non-binding) vote to approve named executive officer compensation.

• Board recommends voting FOR all proposals.

• Shareholder proposals for the 2027 meeting must be submitted by December 11, 2026.

Board of directors and corporate governance

• The board consists of seven members divided into three classes, with staggered terms expiring in 2026, 2027, and 2028.

• Four directors are independent; three are not due to executive roles.

• Board committees include Audit, Compensation, and Nominating and Corporate Governance, all composed of independent directors.

• The board met 19 times in 2025, and all directors attended at least 75% of meetings.

• The company has a Code of Business Conduct and Ethics and a Whistleblower Policy.