System1 (SST) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by the CFO, who also served as chairman, with the General Counsel acting as Secretary and Inspector of Elections.

• Virtual meeting procedures and rules of conduct were outlined, including instructions for submitting questions online.

• The agenda included three main proposals: issuance of preferred stock, reelection of directors, and ratification of the auditor.

Board and executive committee updates

• Three Class I directors—Michael Blend, Caroline Horn, and Taryn Naidu—were nominated for reelection to three-year terms.

• Backgrounds and current roles of the nominated directors were presented.

Shareholder proposals

• Proposal 1: Approval of issuance of 39,250 shares of Series A cumulative convertible preferred stock to existing lenders.

• Proposal 2: Reelection of three Class I directors for three-year terms.

• Proposal 3: Ratification of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year ending December 31, 2026.