Company: ARRY
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001140361-25-012865
Chunk: 64

Company: Array Technologies, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 64
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 entity in which any of the foregoing persons is employed, is a general partner or principal or in a similar position, or in which such person has a 5% or greater beneficial ownership interest, is not permitted to enter into a related party transaction with us without the consent of our Audit Committee, subject to the exceptions described below. In approving or rejecting any such proposal, our Audit Committee is to consider the relevant facts and circumstances available and deemed relevant to our Audit Committee, including whether the transaction is on terms no less favorable than terms generally available to an unaffiliated third party under the same or similar circumstances and the extent of the related party’s interest in the transaction. Our Audit Committee is expected to determine that certain transactions will not require Audit Committee approval, including certain employment arrangements of executive officers, director compensation, transactions with another company at which a related party’s only relationship is as a non-executive employee or beneficial owner of less than 5% of that company’s shares, transactions where a related party’s interest arises solely from the ownership of our common stock and all holders of our common stock received the same benefit on a pro rata basis, and transactions available to all employees generally.

| ARRAY TECHNOLOGIES |     | 55 |     | 2025 PROXY STATEMENT |

TABLE OF CONTENTS

| Proposal No. 1—Election of Directors |

In accordance with the Company’s Certificate of Incorporation and Bylaws, the Board is divided into three classes of approximately equal size. The members of each class are elected to serve a three-year term with the term of office of each class ending in successive years. Paulo Almirante, Jayanthi Iyengar and Tracy Jokinen are the Class II directors whose terms expire at the Company’s 2025 Annual Meeting. Although Mr. Almirante is currently a Class II director, he will not be standing for re-election and will be retiring from the Board as of the date of the Annual Meeting. Each of Ms. Iyengar and Ms. Jokinen has been nominated for and has agreed to stand for re-election to the Board to serve as a Class II director of the Company for three years and until their successors are duly elected and qualified or until their earlier death, resignation or removal. In connection with the retirement of Mr. Almirante, the Board reduced its size to eight members, comprising three Class I directors, two Class II directors, and three Class III directors, effective as of the date of the Annual Meeting. Our Bylaws