Ultralife (ULBI) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for July 16, 2025, in Atlanta, GA, with voting available online, by phone, or by mail.

• Proxy materials are distributed primarily via the internet to reduce costs and environmental impact.

• Only shareholders of record as of May 22, 2025, are entitled to vote.

• Forward-looking statements regarding environmental and social goals are included, subject to risks and uncertainties.

Voting matters and shareholder proposals

• Shareholders will vote to elect five directors for a one-year term and to ratify the selection of Freed Maxick P.C. as the independent auditor for 2025.

• Proposals require a plurality or majority of shares present to pass, with specific rules for abstentions and broker voting.

• Shareholder proposals for the 2026 meeting must be received by January 28, 2026, for inclusion.

Board of directors and corporate governance

• The board consists of five nominees, with a mix of industry, financial, and executive experience.

• All directors except the CEO are independent per NASDAQ standards; the board chair is separate from the CEO.

• Three standing committees: Audit and Finance, Corporate Development and Governance, and Compensation and Management.

• Directors are subject to retirement age policies and stock ownership guidelines.

• Procedures exist for stockholder recommendations for director nominations, emphasizing diversity and relevant expertise.