AGM/EGMApr 26, 2026, 05:29 AM
HLIT to Hold 2026 Annual Meeting; Proposes 7M Share Equity Plan Increase
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 a proposal to increase the 2025 Equity Incentive Plan shares by 7,000,000. The company also highlighted strong year-end 2025 performance, including $347M in Q4 bookings and 33% YoY Rest-of-World revenue growth.
Key Highlights
- Annual Meeting scheduled for June 4, 2026, to elect seven directors.
- Proposal to increase 2025 Equity Incentive Plan shares by 7,000,000.
- Advisory vote on named executive officer compensation to be held.
- Advisory vote on frequency of future NEO compensation votes (Board recommends "one year").
- Ratification of Ernst & Young LLP as independent auditor for FY2026.
- Q4 2025 bookings reached $347M with a 3.5 book-to-bill ratio.
- Q4 2025 Rest-of-World revenue grew 33% YoY, comprising 41% of total revenue.
- Record backlog and deferred revenue, with current portion increasing 110% YoY.