Company: ALGN
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001097149-25-000021
Chunk: 91

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 91
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 and practices, coordinated with management to review the resolution, the stockholder vote, and analyze industry practices. Thereafter, we engaged with stockholders seeking further clarification regarding their assessment of the vote as well as a variety of other issues raised either by them or us. 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.

In light of the passage of the non-binding stockholder proposal in 2024, stockholder engagement, and after careful consideration and upon the recommendation of the Committee, our Board is asking our stockholders to approve the proposed amendment and restatement of our Charter in the form attached as Appendix A to this proxy statement (the “Proposed Restated Charter”).

The Proposed Restated Charter would amend and restate the Charter to:

• eliminate the Supermajority Provisions and replace them with a requirement of an affirmative vote of a majority of the outstanding shares of voting stock entitled to vote;

• reflect two prior certificates of amendment to the Charter from 2016 and 2023 (the “Prior Amendments”) and include other technical and administrative updates; and

• restate the Charter to reflect the foregoing amendments.

Appendix A shows the proposed changes to the Charter, inclusive of the Prior Amendments, with deletions indicated by strikeouts and additions indicated by underlining . The above summary of the Proposed Restated Charter is qualified in its entirety by reference to Appendix A .

Our Board approved the Proposed Restated Charter, and recommended its adoption by our stockholders, on February 25, 2025. If adopted by our stockholders, the Proposed Restated Charter would become effective upon the filing of that document with the Secretary of State of the State of Delaware. We intend to make the filing promptly after the Annual Meeting. I f the Proposed Restated Charter is not adopted by our stockholders at the Annual Meeting, the Proposed Restated Charter will not be filed with the Secretary of State of the State of Delaware and the Supermajority Provisions will remain in our Charter.

Our Board has approved, effective and contingent upon stockholder approval of the Proposed Restated Charter, an amendment to our Bylaws that would conform to the Proposed Restated Charter by replacing the only provision in our Bylaws that calls for a greater than simple majority vote with a simple majority voting requirement of the outstanding shares of voting stock entitled to vote .

Authorization of this Proposal 4 requires the affirmative vote of 66 2/