Avid Technology shareholders approve officer exculpation, bylaw changes at 2023 annual meeting

At the annual meeting of stockholders of Avid Technology, Inc. (the “Company”) on May 25, 2023 (the “2023 Annual Meeting”), stockholders approved an amendment to the Company's Third Amended and Restated Certificate of Incorporation, as amended (the “Amendment to the Certificate of Incorporation”), to provide for the exculpation of certain of our officers, as permitted by recent amendments to the Delaware General Corporation Law (the “DGCL”).

On May 25, 2023, the Company’s board of directors approved an amendment to the Company’s Amended and Restated By-Laws (the “By-Laws”), which became effective immediately.

Proposal 2 - Ratification of the Selection of BDO USA, LLP as the Company's Independent Registered Public Accounting Firm for the Current Fiscal Year The stockholders ratified the selection of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 by a vote of 40,874,836 shares for and 35,720 shares against, with 9,302 shares abstaining.

Proposal 4 - Approval of an Amendment to the Company’s Amended and Restated Certificate of Incorporation The stockholders approved the Amendment to the Certificate of Incorporation to provide for the exculpation of certain of our officers, as permitted by recent amendments to the DGCL, by a vote of 32,794,745 shares for and 3,358,739 shares against, with 41,883 shares abstaining and 4,724,491 broker non-votes.

Proposal 6 - Advisory Vote on Frequency of Future Executive Compensation Advisory Votes The stockholders approved, on an advisory basis, the frequency of future stockholder advisory votes on executive compensation by a vote of 34,979,509 shares for one year, 6,966 shares for two years and 1,197,731 for three years, with 11,161 shares abstaining.

Proposal 1 - Election of Directors Christian A. Asmar, Robert M. Bakish, Paula E. Boggs, Elizabeth M. Daley, Nancy Hawthorne, Jeff Rosica, Daniel B. Silvers, John P. Wallace, and Peter M. Westley were elected as Directors for terms expiring at the Company’s 2024 annual meeting of stockholders. The vote with respect to each nominee is set forth below: Votes For Votes Against Votes Abstaining Broker Non-Votes Christian A. Asmar 36,048,569 136,770 10,028 4,724,491 Robert M. Bakish 35,829,110 356,363 9,894 4,724,491 Paula E. Boggs 35,882,870 187,834 124,663 4,724,491 Elizabeth M. Daley 35,908,065 272,925 14,377 4,724,491 Nancy Hawthorne 35,416,911 768,981 9,475 4,724,491 Jeff Rosica 36,017,650 167,805 9,912 4,724,491 Daniel B. Silvers 36,042,148 138,233 14,986 4,724,491 John P. Wallace 36,000,330 185,143 9,894 4,724,491 Peter M. Westley 35,949,752 120,630 124,985 4,724,491

Proposal 5 - Non-binding Advisory Vote to Approve Executive Compensation The stockholders approved, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers, as disclosed in the Company’s 2023 Proxy Statement, by a vote of 33,621,514 shares for and 800,620 shares against, with 1,773,233 shares abstaining and 4,724,491 broker non-votes.

Proposal 3 - Approval of an Amendment to the Company’s Amended and Restated 2014 Stock Incentive Plan The stockholders approved an amendment to the Company’s Amended and Restated 2014 Stock Incentive Plan to increase the number of shares authorized for issuance thereunder by a vote of 35,297,227 shares for and 885,464 shares against, with 12,676 shares abstaining and 4,724,491 broker non-votes.