Company: LEU
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001104659-25-039220
Chunk: 18

Company: CENTRUS ENERGY CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 18
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 require that the boards of listed companies have a majority of independent directors and, with limited exceptions, that audit and compensation committee members must all be independent as affirmatively determined by the Board. At its March 2025 meeting, after reviewing the NYSE American standards of independence, the Board affirmatively determined that the following director nominees were independent: Mr. Williams, Mr. Rothrock, Ms. Jonas, Ms. O’Sullivan, and Adm. Donald. The basis for these determinations was that each such individual had no relationships with the Company other than being a director and/or stockholder of the Company. Mr. Vexler, Dr. Madia, and Mr. Iguchi, the Investor-Designated Director, are not considered to be independent. See “Governance Information — Transactions with Related Persons” for information regarding certain services Dr. Madia is providing to the Company. All members of the Company’s Audit and Finance and CN&G Committees are independent. Criteria for Board Membership The CN&G Committee believes that the minimum qualifications for serving as a director of the Company are that a nominee demonstrate, by significant accomplishment in his or her field, an ability to make a meaningful contribution to the Board’s oversight of the business and affairs of the Company. This 13 TABLE OF CONTENTS assessment includes the consideration of each director’s, or each nominee’s, business background, experience and capabilities complementary to other directors’ experience and capabilities, financial acumen, experience with government, willingness and ability to devote adequate time to the Company, integrity, and any other factor deemed appropriate, all in the context of an assessment of the perceived needs of the Board at that point in time. Currently, the Board benefits from the background, expertise, perspective, gender, ethnicity, and abilities of its members, among others. The CN&G Committee seeks qualified candidates for its consideration from all groups as part of its efforts to identify directors with differing backgrounds, experience and expertise who are most qualified and will make meaningful contributions to the Board. As needed, the CN&G Committee identifies potential nominees by asking current directors to notify the committee if they become aware of persons meeting the criteria described above, who might be available to serve on the Board. Additionally, the CN&G Committee, from time to time, may engage firms that specialize in identifying director candidates. Once a person has been identified by the CN&G Committee as a potential candidate, the CN&G Committee may collect and review publicly available information regarding the person to assess whether the person should be considered further