T1 Energy (TE) Proxy filing summary

Executive summary

• CEO Birger K. Steen departed effective June 6, 2024, and is no longer a board nominee; board size reduced from nine to eight directors.

• Tom Einar Jensen appointed CEO as of June 6, 2024, resigning as Executive Chair; Daniel Barcelo named Non-Executive Chair.

• CFO Oscar K. Brown to depart effective June 13, 2024; Evan Calio appointed as new CFO.

• Separation agreements for outgoing CEO and CFO were executed; further details available in referenced Form 8-K filings.

Voting matters and shareholder proposals

• Proxies for Mr. Steen will not be counted for his election; all other proxy votes remain valid.

• Shareholders may continue to use existing proxy cards, disregarding Mr. Steen's nomination.

Board of directors and corporate governance

• Board reduced to eight members following CEO transition; slate of nominees otherwise unchanged.

• Tom Einar Jensen continues as a board member after becoming CEO; Daniel Barcelo assumes Non-Executive Chair role.