GlobalFoundries Inc. Ordinary Shares FY 2026 Earnings Call

Hello, ladies and gentlemen. Will the meeting please come to order? I want to welcome all of you to the 2026 Annual General Meeting of Shareholders of GLOBALFOUNDRIES, Inc. My name is Thomas Caulfield, Executive Chairman of GLOBALFOUNDRIES, and I'll be presiding at this meeting. The agenda of today's meeting is as follow. First, a call to order and statement of order of business. Second, a description of matters to be voted on at today's meeting. Third, voting, closing of the polls, and presentation of election results. Fourth, the adjournment of the formal meeting, and fifth, a question and answer session. I will now turn the call over to our Chief Legal Officer, Saam Azar.

Thanks, Tom. Please note the agenda is available through the web portal, or if you are here in person, please raise your hand and one will be brought to you. After the formal meeting has been adjourned, we will provide time for general questions. If you're a validated shareholder participating virtually and have questions during the meeting, you may submit them in the designated field on the web portal. In accordance with the rules of conduct for this meeting and out of consideration for others, please limit yourself to no more than one question. Please carefully review the rules of conduct, which includes guidelines for the types of questions that may be asked. Any questions not in line with our rules of conduct for this meeting will not be answered. Please note that this meeting is being recorded.

No one attending in person, via the webcast or telephone is permitted to use any audio recording device. Thank you for your cooperation with these rules. Our first order of business at this meeting is to determine whether the shares represented at the meeting, either in person or by proxy, are sufficient to constitute a quorum for the purpose of transacting business. I have received a preliminary tabulation from Broadridge, and based on that preliminary report, as of July 27, 2026, of the 548,700,833 ordinary shares entitled to vote, approximately 96.82%, or 531,277,810 ordinary shares are represented today, either in person or by proxy, which are sufficient to constitute a quorum for the purpose of transacting business at the meeting. Louis D. Larson, a representative of Broadridge Financial Solutions, Inc., will act as the Inspector of Elections for this meeting. Louis D. Larson has subscribed and filed an oath of office for purpose of this meeting.

As Secretary of the meeting, I have presented the following documents. First, a certified list of the holders of ordinary shares of the company as of the close of business on June 1, 2026, the record date for determining shareholders entitled to notice of and to vote at this meeting. This list has been prepared by Equiniti Trust Company LLC, the company's transfer agent. Second, an affidavit of Joanne Fogle, an employee of Broadridge Financial Solutions, Inc., as to the distribution on or about June 15, 2026, of notice to the Annual General Meeting and notice of internet availability of proxy materials to the company's shareholders of record as of the close of business on June 1, 2026, the record date for the meeting.

As Secretary, I will file these materials with the minutes of the meeting. Having a quorum, we will now proceed with the business of this meeting. Mr. Chairman, please open the polls.

Certainly, Saam. I now declare the polls open for voting at this meeting. Any shareholder who hasn't yet voted who wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. If you're here in person, please raise your hand and a shareholder ballot will be brought to you. Shareholders who have sent in proxies or voted via telephone or internet and do not want to change their vote do not need to take any action at this time. The polls will remain open until immediately after any discussion on today's proposals.

Okay. Proposal number one, election of directors. Thank you, Tom, very much. The next order of business is a description of the matters to be voted on at today's meeting. The first proposal before the shareholders of the company is the election of three directors to each serve as Class II directors for a three-year term and until their successor is duly elected and qualified. The management and the board of directors of the company recommend the election of David Courteau, Jack Lazar, and Carlos Obeid as Class II directors of the company. As previously disclosed, Martin L. Edelman is not standing for re-election, and his term as director will expire at the conclusion of today's meeting. On behalf of GLOBALFOUNDRIES, we thank Mr. Edelman for his dedicated service and valuable contributions to the company.

The second proposal before the shareholders of the company is the ratification of the appointment of the company's independent registered public accounting firm, PricewaterhouseCoopers LLP, for the fiscal year ending December 31, 2026. The management and the board of directors of the company recommend the ratification of appointment of PricewaterhouseCoopers as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. If any shareholder would like to make a comment regarding either of the proposals, please submit your comment through the web portal now. If you are here in person, please raise your hand and wait to be acknowledged before making a comment. Okay. The polls will remain open for one more minute. Any shareholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there.

If you are here in person, please raise your hand and a shareholder ballot will be brought to you. If you previously voted by proxy, you do not need to vote in person today unless you wish to change your vote. Thank you very much. I now declare the polls for the 2026 Annual General Meeting of Shareholders closed. I will now report the results of the voting based on the preliminary tabulation by the Inspector of Elections. An affirmative vote of a majority of votes cast has voted for election of three Class II directors to the Board of Directors and ratification of PricewaterhouseCoopers as the company's independent registered accounting firm for the fiscal year ending December 31, 2026. Final tabulation of all votes will be included in the minutes of the meeting.

Based on the preliminary results, I hereby declare that all of the nominees for director have been duly elected and the selection of PricewaterhouseCoopers as the company's independent accountant has been duly ratified. I congratulate the directors on their election and thank them in advance for their service during the upcoming year. Mr. Chairman, if you would please close the meeting.

Thank you for attending today's meeting. There being no further business to be brought forth, the meeting is hereby adjourned.

Thank you, Tom. We will now have a brief question and answer period. We will take shareholders' questions in person or that are being entered today on the web portal. Please review the rules of conduct to ensure that your question is in accordance with those rules. Our investor relations team will follow up on any questions that we do not get to, we will not answer any questions that are not in line with the rules of conduct. I will pause for a moment for any shareholder questions submitted on the web portal, if you're here in person, please raise your hand and wait to be acknowledged before asking a question. There being no further questions, thank you for attending today's meeting.

This concludes today's meeting. You may disconnect.