DCSA approves Amended Proxy Agreement for Leonardo DRS to mitigate foreign ownership risks

Leonardo DRS, Inc.

DCSA approved Amended & Restated Proxy Agreement effective March 1, 2025; received March 11, 2025.
Modified terms allow Leonardo US to reappoint proxy holders without break in service; no DCSA approval needed for reappointment.
Board size may be mutually expanded, but proxy holder director positions must not be less than non-proxy holder positions.
Updated staggered terms: Class A expires March 2027, Class B March 2028, Class C March 2026.
Proxy holders must advise DCSA and Leonardo US on independent auditor appointment; compensation cannot be reduced during tenure.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.