Company: ALGN
Filing Date: 2025-03-27
Form Type: PRE 14A
Source: 0001097149-25-000016
Chunk: 119

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-03-27
Form: PRE 14A
Chunk 119
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holders and is consistent with market practice. The 10% ownership threshold requested by the stockholder is lower than that of a significant majority of S&P 500 companies that offer stockholders a special meeting right. Based on Align’s review of current market practice, only approximately 22% of S&P 500 companies provided stockholders holding 10% of a company’s shares with a right to call special stockholder meetings, while approximately 61% set the threshold at or above 20%.

Align has strong corporate governance practices and a long and demonstrated record of continuous and extensive outreach to stockholders as well as responsiveness to their requests.

Align has extensive history proactively engaging with stockholders, listening and responding to their questions, and seeking out their input. We believe strongly in ensuring open and robust two-way communications between stockholders and our Board. As part of Align’s extensive stockholder outreach program, members of the Board, management and other senior leaders at least annually (and frequently more often) seek out engagement with, and meet, large percentages of our stockholders seeking their input on a wide variety of topics, including our corporate governance practices. In 2022, 2023 and 2024, we reached out to 67%, 57% and 71% of our stockholders, respectively, and thereafter engaged with 31%, 22% and 39% of our stockholders, respectively. In fact, as recently as the period from January 2025 to March 2025, we met with holders of over 25% of our common stock after affirmatively reaching out to over 65% of our stockholders seeking their input on a variety of matters raised by us and them. The stockholders to whom we reached out varied broadly in size, ranging from our largest holders to those holding as little as 0.01% of our common stock. We also regularly conduct an investor perception survey through a third-party service, and share the results with management and the Board.

As a result of our frequent meetings with stockholders, we have maintained strong corporate governance practices over the years, including:

• Independent Board : Nine of our 10 current Board members are independent (our CEO being the only non-independent director exception).

• Independent Board Leadership : Align’s CEO and Chairman of the Board are separate individuals, with the Chairman of the Board being an independent director.

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• Independent Key Committees : Each of the Board’s three key standing committees (the Audit Committee, the Compensation and Human Capital