AGM/EGMApr 26, 2026, 05:29 AM
HLIT 2026 AGM June 4; Equity Plan +7M Shares; Director Elections
AI Summary
Harmonic Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 4, 2026. Key proposals include the election of seven directors, an advisory vote on executive compensation, and an amendment to increase the 2025 Equity Incentive Plan by 7,000,000 shares. The company also highlighted strong FY25 Fiber growth, a 33% year-over-year increase in Q4 Rest-of-World revenue, and $347M in Q4 bookings, contributing to record backlog and deferred revenue.
Key Highlights
- 2026 Annual Meeting of Stockholders scheduled for June 4, 2026, virtually.
- Proposal to elect seven directors to the Board.
- Proposal to increase 2025 Equity Incentive Plan shares by 7,000,000.
- Advisory vote on named executive officer compensation.
- Advisory vote on frequency of future NEO compensation votes (Board recommends "one year").
- Ratification of Ernst & Young LLP as independent auditor for FY2026.
- FY25 saw strong Fiber growth and Q4 Rest-of-World revenue +33% YoY.
- Q4 bookings reached $347M with a 3.5 book-to-bill ratio.