On this page of StockholderLetter.com we present the latest annual shareholder letter from Arlo Technologies, Inc. — ticker symbol ARLO. Reading current and past ARLO letters to shareholders can bring important insights into the investment thesis.

 •  4/25/2025 Letter Continued (Full PDF)
 •  4/28/2023 ARLO Stockholder Letter
 •  4/26/2024 ARLO Stockholder Letter
 •  More "Consumer Goods" Category Stockholder Letters
 •  ARLO Benford's Law Stock Score = 74

ARLO Shareholder/Stockholder Letter Transcript:

Arlo Technologies Proxy Statement
and Annual Report
2025


Arlo Technologies, Inc.
5770 Fleet Street
Carlsbad, California 92008
April 25, 2025
Dear Stockholders:
We are pleased to invite you to participate in our 2025 Annual Meeting of Stockholders (the       Annual Meeting      ) to be held virtually
on Friday June 20, 2025 at 9:30 a.m., Pacific Time. You can participate in and vote at our Annual Meeting by visiting
http://www.virtualshareholdermeeting.com/ARLO2025 and entering the 16-digit control number included in your Notice of Internet
Availability of Proxy Materials (the       Notice      ), voting instruction form, or proxy card.
Further details regarding participation in the Annual Meeting and the business to be conducted are described in the Notice you
received in the mail and in this proxy statement. We have also made available a copy of our 2024 Annual Report to Stockholders
(the       Annual Report      ) with this proxy statement. We encourage you to read our Annual Report. It includes our audited consolidated
financial statements and provides information about our business.
We have elected to provide access to our proxy materials over the Internet under the U.S. Securities and Exchange Commission   s
      notice and access       rules. We are constantly focused on improving the ways people connect with information, and believe that
providing our proxy materials over the Internet increases the ability of our stockholders to connect with the information they need,
while reducing the environmental impact of our Annual Meeting. If you want more information, please see the Questions and
Answers section of this proxy statement.
Your vote is important. Whether or not you plan to participate in the Annual Meeting, we hope you will vote as soon as possible. You
may vote over the Internet, as well as by telephone, or, if you requested to receive printed proxy materials, by mailing a proxy or
voting instruction form. Please review the instructions on each of your voting options described in this proxy statement, as well as
in the Notice you received in the mail.
Thank you for your ongoing support of, and continued interest in, Arlo.
Sincerely,
/s/ Matthew McRae
Matthew McRae
Chief Executive Officer and Director
Carlsbad, California
April 25, 2025

NOTICE OF ANNUAL MEETING
OF STOCKHOLDERS
Date
June 20, 2025
Time
9:30 AM Pacific Time
Virtual Meeting
http://www.virtualshareholdermeeting.com/ARLO2025
Record Date
April 21, 2025. Only stockholders of record at the close of business on that date may vote at the meeting
or any adjournment thereof.
Proxy Voting
Make your vote count.
You will need to have the 16-digit control number included on your Notice of Internet Availability of
Proxy Materials (the       Notice      ). Voting your shares now via the Internet, by telephone, or by signing,
dating, and returning the enclosed proxy card or voting instruction form will save the expense of
additional solicitation. If you wish to vote by mail, we have enclosed an addressed envelope with
postage prepaid if mailed in the United States. Submitting your proxy now will not prevent you from
voting your shares during the Annual Meeting, as your proxy is revocable at your option. We are
requesting your vote to:
Items of Business
    To elect the two nominees for Class I directors named herein to hold office until the 2028 annual
meeting of stockholders.
    To ratify the appointment by the Audit Committee of the Board of Directors of Deloitte & Touche LLP
as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
    To approve, on an advisory basis, the compensation of the Company   s named executive officers as
disclosed herein.
    To conduct any other business properly brought before the meeting.
By Order of the Board of Directors,
/s/ Ralph E. Faison
Ralph E. Faison
Chairman of the Board of Directors
Carlsbad, California
April 25, 2025
You are cordially invited to attend the meeting online. Whether or not you expect to attend the meeting online, please
complete, date, sign and return the proxy mailed to you, or vote over the telephone or the Internet as instructed in these
materials, as promptly as possible in order to ensure your representation at the meeting. Even if you have voted by proxy, you
may still vote if you attend the meeting online. Please note, however, that if your shares are held of record by a broker, bank
or other nominee and you wish to vote at the meeting, you must obtain a proxy issued in your name from that record holder.

PROXY STATEMENTS
TABLE OF CONTENTS
PROXY SUMMARY
Proxy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
Business Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Corporate Governance Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Executive Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
Stockholder Engagement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
BUSINESS OVERVIEW
We Protect Your Everything . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
Our Solutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
Our Growth Strategy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
Our People Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
Our Commitment to Corporate Sustainability and Environmental, Social, and Governance . . . . . . . . . . . . . . . . . .
12
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Board Composition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
Executive Officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
Corporate Governance Guidelines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
Board Independence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
Board Evaluation and Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
Board Role in Risk Oversight . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
Board Meetings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
Insider Trading Compliance Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
Delinquent Section 16(a) Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
Certain Relationships and Related Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
Code of Business Conduct and Ethics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
Communications with the Board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
Board and Committee Structure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
Audit Committee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
Compensation and Human Capital Committee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
Nominating and Corporate Governance Committee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
Cybersecurity and Privacy Committee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
Strategic and Capital Allocation Committee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
Director Nominees and Continuing Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
DIRECTOR AND EXECUTIVE COMPENSATION
Director Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
Executive Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30
Compensation Discussion and Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30
Relationship Between Pay and Performance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30
Executive Compensation Philosophy and Pay-for-Performance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
32



 4/25/2025 Letter Continued (Full PDF)