Company: LAWIL
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-041831
Chunk: 18

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 18
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 comprised solely of independent directors with the exception of the Compliance Committee, which is comprised of four independent directors and Patricia Becker, a gaming industry consultant. The Board has approved charters for each Board committee, which can be accessed through the Investors — Corporate Governance link on our website at www.lnw.com . The current membership of each committee is as shown in the table below.

| ​ | Audit Committee                   | ​ | ​ | Compensation Committee                           | ​ | ​ | Compliance Committee                                                   | ​ | ​ | Nominating and CorporateGovernance Committee     | ​ |
| ​ | Michael Marchetti(Chair)          | ​ | ​ | Hamish R. McLennan(Chair)                        | ​ | ​ | Stephen Morro(Chair)                                                   | ​ | ​ | Kneeland C. Youngblood(Chair)                    | ​ |
| ​ | Virginia E. ShanksTimothy Throsby | ​ | ​ | Michael MarchettiStephen MorroVirginia E. Shanks | ​ | ​ | Virginia E. ShanksTimothy ThrosbyKneeland C. YoungbloodPatricia Becker | ​ | ​ | Michael MarchettiHamish R. McLennanStephen Morro | ​ |

Audit Committee. The Audit Committee is responsible for hiring the Company’s independent registered public accounting firm and for overseeing the accounting, auditing and financial reporting processes of the Company. In the course of performing its functions, the Audit Committee reviews, with management and our independent registered public accounting firm, the Company’s internal accounting controls, the financial statements, the report and recommendations of our independent registered public accounting firm, the scope of the audit and the qualifications and independence of the auditor. The Audit Committee also oversees the

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TABLE OF CONTENTS Company’s internal audit function. The Board has determined that each member of the Audit Committee is independent under the listing standards of NASDAQ, the independence standards under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the Company’s Director Independence Guidelines, and that Mr. Marchetti qualifies as an “audit committee financial expert” within the meaning of Item 407(d)(5) of Regulation S-K of the rules of the SEC. The Audit Committee held five meetings during 2024. Compensation Committee. The Compensation Committee sets the compensation of the President and Chief Executive Officer and other senior executives of the Company and administers the equity incentive plans and executive compensation programs of the Company and determines eligibility, award opportunities and performance criteria under these plans and programs. The Compensation Committee makes recommendations