Company: INSP
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001140361-25-009249
Chunk: 13

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 13
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, and qualifications  |     | • |     | Director compensation                                |
| • |     | Classes of directors and election process     |     | • |     | Stock ownership                                      |
| • |     | Executive sessions of independent directors   |     | • |     | Board access to senior management                    |
| • |     | Board leadership structure                    |     | • |     | Board access to independent advisors                 |
| • |     | Selection of new directors                    |     | • |     | Board self-evaluations                               |
| • |     | Director orientation and continuing education |     | • |     | Board meetings                                       |
| • |     | Limits on board service                       |     | • |     | Meeting attendance by directors and non-directors    |
| • |     | Change of principal occupation of directors   |     | • |     | Meeting materials                                    |
| • |     | Term limits                                   |     | • |     | Board committees, responsibilities, and independence |
| • |     | Director responsibilities                     |     | • |     | Succession planning                                  |

Governance Structure The Board regularly reviews the corporate governance policies and practices of the Company to determine whether they are appropriate and will advance the Board’s and management’s goal of maximizing long-term stockholder value. Our current governance structure includes a classified board, plurality voting for directors, and requires a supermajority vote to make certain changes to our governance documents. Classified Board Structure In accordance with our Certificate of Incorporation, and as permitted under applicable state law, our Board of Directors is divided into three classes. Our classified board structure has been in place since our initial public offering (our “IPO”) in 2018. The Board regularly evaluates whether to maintain a classified Board structure, and has determined that a classified board structure continues to be in the best interests of the Company and our stockholders primarily for the reasons set forth below:

| • | We believe that the current structure helps directors to develop a deeper familiarity with the Company’s business. It encourages long-term, strategic thinking, which is critical to carry out the Company‘s business model, which requires substantial investments in research and development projects that may take years to yield the desired results. The Board believes that three-year terms on a staggered basis are currently appropriate and consistent with the long-term nature of our business model, and best serve our stockholders at this time. |

| • | We believe that three-year terms promote continuity and foster an appropriate institutional memory among directors, and help our