Ryan Specialty stockholders approve governance overhaul including Class B vote sunset by Sept 2029

RYAN SPECIALTY HOLDINGS, INC.

• Stockholders approved declassification of Board and phase-in of annual director elections; four nominees elected to three-year terms expiring 2028.
• Class B common stock's 10-to-1 voting disparity will sunset on September 30, 2029, equalizing voting power with Class A.
• Stockholders granted rights to act by written consent and to call special meetings, enhancing shareholder democracy.
• Supermajority voting requirements eliminated for director removal and charter/bylaw amendments; majority standard applies going forward.
• Officer exculpation provision adopted to maximum extent under Delaware law, reducing personal liability risk for officers.