Sector: Information Technology
NAVITAS SEMICONDUCTOR CORP · Meeting: June 25, 2026
Directors FOR
3
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Election of Three Class II Directors
Mr. Long has served on the board since 2015 and brings relevant semiconductor and venture capital experience; no overboarding, attendance, independence, or TSR trigger concerns apply — the stock's 3-year price return of approximately 272% is strongly positive, and no named peer group is disclosed, so the ETF fallback (XLK) applies with an 80pp threshold that is not breached given the company's strong absolute returns.
Mr. Moxam has served on the board since 2014 and brings relevant technology executive and board experience; no overboarding, attendance, independence, or TSR trigger concerns apply given the company's strongly positive 3-year absolute return.
Mr. Saluja has served on the board since 2015 and brings deep semiconductor, cleantech, and investment expertise; he serves on two other public company boards (QuantumScape and Joby Aviation) which is within the four-board limit, and no TSR trigger applies given the company's strongly positive 3-year absolute return.
All three Class II director nominees pass the policy screens. The company's 3-year price return of approximately 272% is strongly positive, meaning the ETF fallback threshold (XLK, 80pp underperformance required to trigger a vote against) is not remotely at risk. No nominees are overboarded, no attendance issues are disclosed, all are independent, and each brings relevant experience. Vote FOR all three nominees.
CEO
Chris Allexandre
Total Comp
$4,996,771
Prior Support
97.3%%
The CEO, Chris Allexandre, joined in August 2025 and received total compensation of approximately $5.0 million, consisting almost entirely of a stock award (800,000 restricted stock units valued at approximately $4.8 million) that vests over three years tied to continued service, plus a small prorated salary of $173,333 — meaning the vast majority of his pay is in the form of stock that aligns his interests with shareholders. The company received overwhelming shareholder support of approximately 97.3% on last year's Say-on-Pay vote, signaling no prior unresolved concerns. The company also has a meaningful clawback policy, an independent compensation committee, and an independent pay advisor, and the pay structure for 2025 reflects a new-hire grant rather than an indication of ongoing pay practices, with future pay expected to include performance-based stock awards tied to revenue goals — all of which are consistent with sound pay governance.
Auditor
KPMG LLP
Tenure
1 yrs
Audit Fees
$1,523,345
Non-Audit Fees
$0
KPMG was only appointed in March 2025 (first full audit year being 2025), so tenure is approximately one year — well below the 25-year concern threshold. Non-audit fees are zero, meaning there is no independence concern from consulting or advisory work. KPMG is a Big 4 firm appropriate for a company of Navitas's size and complexity. All policy screens pass cleanly.
The 2026 Navitas Semiconductor annual meeting presents a clean ballot with no significant governance concerns. All three director nominees, the auditor ratification of newly appointed KPMG, and the Say-on-Pay vote for new CEO Chris Allexandre pass the policy screens without flags, and the board-proposed declassification of the board is a meaningful pro-shareholder governance improvement that warrants support.
