SelectQuote Sets Virtual 2025 Annual Meeting, Board Backs All Proposals

TL;DR

**SLQT's board is pushing for continuity and rubber-stamping executive pay; vote 'FOR' if you trust the current trajectory, otherwise, consider your options.**

AI Summary

SelectQuote, Inc. (SLQT) is holding its 2025 Annual Meeting on November 11, 2025, virtually, for stockholders of record as of September 23, 2025. Key proposals include the re-election of two Class III directors, Denise L. Devine and Donald L. Hawks III, to serve until the 2028 annual meeting. The Board unanimously recommends voting 'FOR' these nominees. Additionally, stockholders will vote on the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2026, which the Board also recommends 'FOR'. A non-binding advisory vote on executive compensation is also on the agenda, with the Board recommending 'FOR' approval. The company emphasizes the importance of stockholder participation, offering online, telephonic, and mail voting options, and has engaged Georgeson LLC for proxy solicitation at a cost of $16,000 plus expenses. The total outstanding shares of common stock entitled to vote as of the record date are 175,884,846.

Why It Matters

This DEF 14A filing outlines the governance structure and key decisions for SelectQuote, Inc., directly impacting investor confidence and strategic direction. The re-election of Class III directors Denise L. Devine and Donald L. Hawks III is crucial for board continuity and oversight, especially given Ms. Devine's role as Chair of the Compensation Committee. Ratifying Deloitte & Touche LLP ensures continued financial transparency and regulatory compliance, which is vital for maintaining trust with investors and regulators. The 'say-on-pay' vote provides a non-binding but important signal from shareholders regarding executive compensation, influencing future incentive structures and potentially affecting employee morale and competitive positioning within the insurance brokerage market.

Risk Assessment

Risk Level: low — The filing is a routine DEF 14A proxy statement, primarily focused on annual meeting logistics and standard governance proposals. There are no immediate red flags such as contested elections, significant changes in auditor, or controversial executive compensation proposals explicitly detailed in this summary that would indicate a 'medium' or 'high' risk level. The proposals are standard for an annual meeting.

Analyst Insight

Investors should review the full proxy statement, particularly the executive compensation details and director biographies, to make informed decisions. While the Board recommends 'FOR' all proposals, shareholders should independently assess if the current leadership and compensation structures align with their long-term investment goals for SelectQuote, Inc. (SLQT).

Key Numbers

• November 11, 2025 — Date of 2025 Annual Meeting (Meeting will be held at 9:00 a.m. Central Time)
• September 23, 2025 — Record Date for voting eligibility (Stockholders of record at close of business on this date can vote)
• 175,884,846 — Shares of common stock outstanding (As of the Record Date, entitled to vote at the Annual Meeting)
• $16,000 — Fee for proxy solicitor Georgeson LLC (Expected payment for proxy solicitation services, plus reasonable expenses)
• 2028 — Year Class III directors' term expires (If elected, Denise L. Devine and Donald L. Hawks III will serve until the 2028 annual meeting)
• 70 — Age of Denise L. Devine (Director nominee and Chair of the Compensation Committee)
• 2020 — Year Denise L. Devine joined the Board (Appointed to serve as Chair of the Compensation Committee in September 2020)
• 2014 — Year Denise L. Devine founded FNB Holdings, LLC (Serves as CEO of FNB Holdings, LLC)
• 2026 — Fiscal year for Deloitte & Touche LLP appointment (Ratification of independent registered public accounting firm for fiscal year ending June 30, 2026)
• 8 — Number of directors on the Board (The Board currently consists of eight directors)

Key Players & Entities

• SelectQuote, Inc. (company) — Registrant for DEF 14A filing
• Timothy R. Danker (person) — Chief Executive Officer of SelectQuote, Inc.
• Deloitte & Touche LLP (company) — Independent registered public accounting firm for SelectQuote, Inc.
• Denise L. Devine (person) — Class III Director nominee and Chair of the Compensation Committee
• Donald L. Hawks III (person) — Class III Director nominee
• Georgeson LLC (company) — Proxy solicitor for SelectQuote, Inc.
• Ryan M. Clement (person) — Chief Financial Officer and proxy holder
• Daniel A. Boulware (person) — General Counsel and Secretary, and proxy holder
• Securities and Exchange Commission (regulator) — Regulatory body for SEC filings
• Fulton Financial Corporation (company) — Publicly-held company where Denise L. Devine serves as a director and Audit Committee Chair

FAQ

Industry Context

SelectQuote operates in the insurance distribution sector, acting as a technology-enabled independent platform connecting consumers with insurance policies. The industry is characterized by increasing digitalization, evolving regulatory landscapes, and a focus on customer acquisition and retention through various channels.

Regulatory Implications

As a publicly traded company, SelectQuote is subject to SEC regulations governing proxy solicitations and corporate governance. The ratification of the independent auditor is a standard regulatory requirement to ensure financial transparency and compliance.

What Investors Should Do

1. Vote FOR the re-election of Denise L. Devine and Donald L. Hawks III.
2. Vote FOR the ratification of Deloitte & Touche LLP as the independent registered public accounting firm.
3. Vote FOR the non-binding advisory proposal on executive compensation.
4. Ensure your shares are voted.

Key Dates

• 2025-11-11: SelectQuote, Inc. 2025 Annual Meeting — Key date for stockholders to vote on director elections, auditor ratification, and executive compensation.
• 2025-09-23: Record Date for 2025 Annual Meeting — Determines which stockholders are eligible to vote at the annual meeting.
• 2025-10-02: Distribution of Proxy Materials — Marks the official start of the proxy solicitation period for the annual meeting.
• 2026-06-30: Fiscal Year End — The fiscal year for which Deloitte & Touche LLP is being ratified as the independent auditor.

Glossary

DEF 14A

A proxy statement filing required by the SEC for companies holding annual meetings. (This document contains the information presented, including proposals for stockholder votes and details on executive compensation and director nominees.)

Class III directors

A category of directors on the board whose terms expire at a specific annual meeting. (Denise L. Devine and Donald L. Hawks III are Class III directors up for re-election until the 2028 annual meeting.)

Record Date

A specific date used to determine which stockholders are entitled to receive notice of and vote at a shareholder meeting. (Stockholders of record as of September 23, 2025, are eligible to vote at the November 11, 2025 meeting.)

Non-binding advisory vote

A vote by shareholders on a proposal that is not legally binding on the company. (Shareholders will vote on the compensation of named executive officers, but the outcome does not legally obligate the company to change its compensation practices.)

Proxy Solicitation

The process by which a company requests shareholders to grant authority (a proxy) to vote their shares in a certain way. (SelectQuote has engaged Georgeson LLC to assist in soliciting proxies for the annual meeting.)

Year-Over-Year Comparison

This filing pertains to the 2025 Annual Meeting. A direct comparison of key metrics like revenue growth, margin changes, or new risks to a previous filing (e.g., the 2024 DEF 14A) is not possible with the provided text, as it focuses solely on the upcoming meeting's agenda and proposals.

Key Financial Figures

• $16,000 — of proxies. We expect to pay Georgeson $16,000, plus reimbursement of reasonable expen

Filing Documents

• slqt-20251002.htm (DEF 14A) — 890KB
• slqt-20251002_g1.jpg (GRAPHIC) — 157KB
• slqt-20251002_g2.jpg (GRAPHIC) — 61KB
• slqt-20251002_g3.jpg (GRAPHIC) — 258KB
• slqt-20251002_g4.jpg (GRAPHIC) — 96KB
• slqt-20251002_g5.jpg (GRAPHIC) — 71KB
• slqt-20251002_g6.jpg (GRAPHIC) — 94KB
• slqt-20251002_g7.jpg (GRAPHIC) — 96KB
• slqt-20251002_g8.jpg (GRAPHIC) — 420KB
• slqt-20251002_g9.jpg (GRAPHIC) — 328KB
• 0001794783-25-000086.txt ( ) — 5557KB
• slqt-20251002.xsd (EX-101.SCH) — 1KB
• slqt-20251002_htm.xml (XML) — 309KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 27 Compensation Discussion and Analysis 27 Compensation Committee Re port 39 Summary Compensation Table 39 Grants of Plan-Based Awards 40 Narrative Discussion to Summary Compensation and Grants of Plan-Based Awards Tables 41 Outstanding Equity Awards at Fiscal Year End 41 Options Exerc ised and S hares Vested 42 Potential Payments to Executive Officers Upon Termination or Change in Control 42 Pay Versus Performance 44 CEO Pay Ratio 48 Compensation and Risk 48 Granting of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information 48 Stock Ownership Guidelines 48 Clawback Policy 49 PROPOSAL THREE: NON-BINDING ADVISORY VOTE ON EXECUTIVE COMPENSATION 50 EQUITY COMPENSATION PLAN INFORMATION 50

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 51 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 52 DELINQUE NT SECTION 16(A) REPORTS 54 ANNUAL REPORT ON FORM 10-K 54 DEADLINES FOR STOCKHOLDER PROPOSALS 54 APPENDIX A - Reconciliation of Non-GAAP Financial Measures 56 APPENDIX B - Form of Proxy Card 57 4 2025 ANNUAL MEETING November 11, 2025 GENERAL INFORMATION We are providing these proxy materials in connection with the solicitation by the Board of Directors (the "Board") of SelectQuote, Inc. of proxies to be voted at our 2025 Annual Meeting and any adjournment or postponement thereof. The proxies will be used at our 2025 Annual Meeting, to be held on November 11, 2025 at 9:00 a.m., central time, on the Internet via live virtual webcast. The proxy materials include our Notice of the 2025 Annual Meeting (the "Notice") and this proxy statement (the "Proxy Statement"). These materials also include the proxy card and postage-paid return envelope or voting instruction form for the 2025 Annual Meeting. This proxy statement contains important information regarding our 2025 Annual Meeting. It identifies the proposals on which you are being asked to vote, provides information that you may find useful in determining how to vote, and describes voting procedures. Our proxy materials are first being distributed on or about October 2, 2025 to holders of record of our common stock at the close of business on September 23, 2025. In this Proxy Statement, the terms "SelectQuote," "the Company," "we," "us" and "our" refer to SelectQuote, Inc., a Delaware corporation. The mailing address of our principal executive offices is: SelectQuote, Inc., 6800 West 115 th Street, Suite 2511, Overland Park, Kansas 66211. What matters are being voted on at the Annual Meeting? Stockholders are being asked to vote on the following matters: The election of two Class III directors named in this proxy statement to serve until the 2028 annual m

View Full Filing

View this DEF 14A filing on SEC EDGAR