Warner Music Group (WMG) Proxy Filing summary

Executive summary

• Annual meeting scheduled for March 3, 2026, with a virtual format to increase accessibility and reduce costs.

• Focus in 2025 was on profitable growth, market share improvement, and strategic realignment for future success.

• Emphasis on innovation, especially responsible AI adoption, and disciplined, globally integrated operations.

• Continued investment in core music business, efficiency improvements, and thoughtful capital allocation.

• Forward-looking statements highlight confidence in strategy and opportunities in music, technology, and global culture.

Voting matters and shareholder proposals

• Proposal 1: Election of eleven directors for a one-year term ending at the 2027 Annual Meeting.

• Proposal 2: Ratification of KPMG LLP as independent registered public accounting firm for fiscal year 2026.

• Board recommends voting FOR all director nominees and FOR auditor ratification.

• Only stockholders of record as of January 6, 2026, are entitled to vote.

Board of directors and corporate governance

• Board consists of eleven directors, with a majority being independent and an independent chairman.

• Directors bring diverse skills in music, entertainment, finance, and strategic planning.

• Annual election of directors and regular review of board diversity and composition.

• Controlled company structure with Access Industries holding significant voting power and board nomination rights.

• Board committees include Audit, Compensation, Executive, Finance, and Nominating and Corporate Governance, each with defined roles.