Company: NXNVW
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001213900-25-031073
Chunk: 21

Company: NEXTNAV INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 21
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 which he or she has been a director and (ii) the total number of committee meetings held during the period for which he or she has served on each such committee. Directors are strongly encouraged, but not required, to attend our annual meetings. Mariam Sorond, Bandel L. Carano, Alan B. Howe, Jonathan A. Marcus , John B. Muleta and Gary M. Parsons attended our 2024 Annual Meeting of Stockholders. Board Leadership Structure and Role in Risk Oversight We seek to maintain an appropriate balance between management and our Board. Our Board does not have a policy regarding the separation of the offices of Chair of our Board and Chief Executive Officer. Our Board believes that it is important to retain the flexibility to combine or separate the responsibilities of the offices of Chair of our Board and Chief Executive Officer, as from time to time it may be in our best interests. Currently, our leadership structure combines the offices of Chief Executive Officer and Chair of our Board, with Ms. Sorond serving as our Chief Executive Officer and as Chair of our Board. Our Corporate Governance Guidelines provide that the independent directors on our Board may choose to elect a director to serve as the “Lead Independent Director” of the Board when the offices of the Chief Executive Officer and the Chair of the Board are not separate. Alan B. Howe has served as Lead Independent Director since May 2024, following our 2024 Annual Meeting of Stockholders. The Board has elected John B. Muleta to this position effective May 2025. Our Board has determined that, in certain circumstances, selecting our Chief Executive Officer to serve as Chair of the Board may be the most effective leadership model for the Company at a given time. Having one individual serve in both roles can provide for clear leadership, accountability, and alignment on corporate strategy. When the offices of the Chief Executive Officer and the Chair of our Board are not separate, our Board believes that appointing a Lead Independent Director strengthens our Board governance, as our Lead Independent Director can serve as the principal liaison between the Chair and the independent directors. Our Lead Independent Director is responsible for: • presiding at all meetings of the Board where the Chair is not present; • presiding at all meetings and executive sessions of the independent directors; • calling meetings of the independent directors, as needed; • meeting regularly with the Chief Executive Officer; • developing the agendas for meetings of the independent directors; • approving Board meeting agendas and schedules; • reviewing information sent to the Board; and • meeting with stockholders,