Netlist appoints Blake Welcher and Jun Cho as independent directors effective June 20, 2025

NETLIST INC

Board expands to three members; Welcher and Cho appointed until 2025 annual meeting.
Welcher: adjunct professor, co-founder Axiom Financial Insights, former GC at DTS Inc.
Cho: General Counsel FCA Asia Pacific, over 19 years at Fiat Chrysler/Stellantis.
Both directors receive $40k annual retainer and have standard indemnification agreements.
CEO cites expertise in IP, licensing, and product distribution to support Netlist's initiatives.

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