Ubiquiti Inc. announced that Ronald A. Sege, a member of the Company?s Board of Directors (Board), passed away on November 30, 2025. Mr. Sege joined the Board in 2012 and served as a member of the Board?s audit and compensation committees and as chair of the Board?s nominating and corporate governance committee (Committees) at the time of his passing. Following Mr. Sege?s death, the Class II director seat will remain vacant until a replacement director is appointed by the Board.
The Committees have been reduced to two members, both of whom are independent directors. As a result, the Company is no longer compliant with Section 303A.07(a) of the New York Stock Exchange Listed Company Manual, which requires that the audit committee of an NYSE-listed company consist of at least three members, each of whom is an independent director.
