Life Time Group Holdings, Inc. (LTH) April 2026 Annual General Meeting Transcript

Good morning, and welcome to the 2026 annual meeting of Stockholders of Lifetime Group Holdings, Inc. I'll now turn the meeting over to Mr. Eric Linseth, the company's senior vice president, general counsel, and corporate secretary. You may begin.

Thank you, and welcome, everyone. Thank you for joining us for our 2026 annual meeting of stockholders. Most stockholders have already voted by proxy, and the proxy votes have been tallied for this meeting. If you are a stockholder of record or a beneficial stockholder possessing a legal proxy from your bank or your broker and you want to vote your shares now or change your vote, you may do so during the meeting by clicking on the Vote Here button at the bottom center of the webcast screen under Cast Your Vote. stockholders may submit questions electronically during the meeting by typing the question in the box located at the bottom left corner of the webcast screen your question will not be visible to other participants questions received during the meeting may not be answered live but instead we may respond to such questions directly or through a posting on our investor relations website following the conclusion of this meeting and retain them for one week after posting. Questions and answers will be grouped by topic and substantially similar questions will be grouped and answered once. I would now like to introduce Brahm Akrati, our founder, chairman, and CEO. Brahm.

Thank you. Good morning and welcome again to the annual meeting of shareholders of Lifetime Group Holding Inc. It is now 9.30 a.m. Central Time. The meeting is called to order and the polls are open. If you have not voted your shares and wish to do so, please vote at this time. Also attending this meeting, as you know, is Eric Linsett, our Senior Vice President, General Council and Corporate Secretary. Eric is acting as Secretary of this meeting, and I'm acting as Chairman. Also attending this meeting virtually is Lindsay Bickler of Deloitte & Touche LLP, the independent registered public accounting firm for the company's most recently completed fiscal year. Members of our board of directors and executive team are also attending this meeting virtually. The members of our board of directors, in addition to myself, are Jimena Alamandras, Joel Alfine, Donna Collier, Jonathan Coslett, John Donhockel, Chris Colashan, Paul Hackwell, David Landau, Stuart Lasher, Jennifer Pomerantz, and Andres Small. And our executive team, Eric Weber, our Executive Vice President and Chief Financial Officer. Eric Boss, our Executive Vice President and Chief Administration Officer. Pararam Jabahiri, our Executive Vice President, President Club Operations, and Chief Property Development Officer, and RJ Singh, our Executive Vice President and Chief Digital Officer. In addition, I would like to introduce Tony Caridio, our Inspector of Election from the Caridio Group and Broadridge Financial Services, who is with us today to certify the voting. Before we answer any questions, we will conduct a formal portion of the meeting. Notice of this annual meetings of shareholders was first sent out on March 11, 2026. The shareholders of the record, as of the close of the business on the record date of February 23, 2026, are entitled to vote or sign proxies for this meeting. As of the close of business of the record date, there were 221,805,082 shares issued and outstanding and entitled to vote. Each share of common stock is entitled to one vote. On preliminary count, there are represented as this meeting, either in person or by proxy, holders of at least a majority of the outstanding shares of common stock, continuing a majority of the votes entitled to be cast at this meeting. Therefore, a quorum is present for the transaction of business at this meeting, and the meeting can proceed. Please note that the polls and the time for any questions on the agenda items for this meeting will be closed shortly. We will now take up business of the meeting, namely, one, the election of five Class II directors each for three-year term, a non-binding advisory vote to approve our executive compensation as disclosed in the proxy statement for this annual meeting, and three, ratification of our selection of Deloitte and Touche LLP as the independent registered public accounting firm of the company for the fiscal year ending December 31, 2026.

Do we have any questions specific to these three agenda items?

The polls are now closed, and final report of the election will be prepared. Based on the preliminary report of the inspectors of election, Joel Alfine, Jonathan Coslett, Chris Galashian, Stuart Lasher, and Jennifer Pomerantz each received the affirmative votes of the preliminary of the votes cast. Therefore, each is elected as the director of the company. The non-binding advisory say-on-pay vote received an affirmative vote for a majority of the votes cast and therefore is considered to reflect advisory approval. The proposal to ratify the appointment of Deloitte and Touche LLP received the affirmative vote of the majority of the votes cast and therefore is approved. The proposals have been approved and the non-binding advisory vote have been completed. And there being no further business before the meeting, I declare this meeting adjourned. That concludes the business portion of the meeting.

Before we begin the general question and answer portion of this meeting, I would like to remind everyone that Mr. Akrati's remarks and those of any other officer or director may contain forward-looking statements that involve risks and uncertainties. These forward-looking statements are not a guarantee of the company's financial performance. The company's actual results could differ materially from those projected in any such forward-looking statement. Additional information concerning important factors that could cause results to differ materially from those in any such forward-looking statement is contained in the company's reports on file with the Securities and Exchange Commission, including the risk factors described in the annual report on Form 10-K for the fiscal year ended December 31, 2025. Copies of the annual report on Form 10-K were previously made available to all stockholders of record as of March 11, 2026.

Thank you, Eric. Now we will open it up for any questions that the shareholders may have concerning Lifetime Group Holdings, Inc., Business Affairs. Are there any questions for our management, our directors, or Deloitte and Touche, our independent accountants?

Thank you all for coming. This concludes today's annual meeting. You may now disconnect.