Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement in the NAPCO Securities Litigation

The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the NAPCO Securities Litigation:

UNITED STATES DISTRICT COURT

EASTERN DISTRICT OF NEW YORK

TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED NAPCO SECURITY TECHNOLOGIES, INC. (“NAPCO”) COMMON STOCK BETWEEN NOVEMBER 7, 2022, AND AUGUST 18, 2023, INCLUSIVE (THE “CLASS PERIOD”), AND WERE DAMAGED THEREBY

THIS NOTICE WAS AUTHORIZED BY THE COURT. IT IS NOT A LAWYER SOLICITATION. PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Eastern District of New York (“Court”), that the above-captioned action (“Litigation”) has been certified as a class action, except for certain Persons and entities who are excluded from the Class by definition as set forth in the Stipulation of Settlement dated August 25, 2026 (“Stipulation”) and the detailed Notice of Pendency and Proposed Settlement of Class Action (“Notice”). The Stipulation and Notice can be viewed at www.NAPCOSecuritiesSettlement.com.

YOU ARE ALSO HEREBY NOTIFIED that class representatives Donald W. Hutchings and City of Warren Police and Fire Retirement System (“Plaintiffs”) and defendants NAPCO, Richard L. Soloway, and Kevin S. Buchel (“Defendants”) have reached a proposed settlement of the Litigation on behalf of the Class for $20 million in cash (“Settlement”). If approved by the Court, the Settlement will resolve all claims in the Litigation.

YOU ARE ALSO HEREBY NOTIFIED that a hearing will be held on December 17, 2026, at 1:30 p.m., before the Honorable Brian M. Cogan, at the United States District Court, Eastern District of New York, 225 Cadman Plaza East, Brooklyn, NY 11201, to determine whether: (1) the Settlement of the above-captioned Litigation as set forth in the Stipulation for $20 million in cash should be approved by the Court as fair, reasonable, and adequate; (2) the Judgment as provided under the Stipulation should be entered dismissing the Litigation with prejudice; (3) to award Plaintiffs’ Counsel attorneys’ fees and expenses and an award to Lead Plaintiff pursuant to 15 U.S.C. §78u-4(a)(4) out of the Settlement Fund (as defined in the Notice) and, if so, in what amounts; and (4) the Plan of Allocation should be approved by the Court as fair, reasonable, and adequate.

The Court may decide to change the date and/or time of the Settlement Hearing, conduct the hearing by video or telephonic conference, or otherwise allow Class Members to appear at the hearing by telephone or videoconference, without further written notice to the Class. It is important that you check the Settlement website, www.NAPCOSecuritiesSettlement.com, before making any plans to attend the Settlement Hearing. Any updates regarding the Settlement Hearing, including any changes to the date or time of the hearing or updates regarding in-person or telephonic appearances at the hearing, will be posted to the Settlement website. Also, if the Court requires or allows Class Members to participate in the hearing by telephone or videoconference, the access information will be posted to the website.

IF YOU PURCHASED OR OTHERWISE ACQUIRED NAPCO COMMON STOCK BETWEEN NOVEMBER 7, 2022, AND AUGUST 18, 2023, INCLUSIVE, AND WERE DAMAGED THEREBY, YOUR RIGHTS ARE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION.

To share in the distribution of the Net Settlement Fund, you must establish your rights by submitting a Proof of Claim and Release form (“Proof of Claim”) by mail (postmarked no later than December 28, 2026) or electronically via the Settlement website (no later than December 28, 2026). Failure to submit your Proof of Claim by December 28, 2026, will subject your claim to rejection and preclude you from receiving any of the recovery in connection with the Settlement of this Litigation. If you are a Class Member and do not timely and validly request exclusion from the Class (as described below), you will be bound by the Settlement and any judgment and release entered in the Litigation, including, but not limited to, the Judgment, whether or not you submit a Proof of Claim.

The Notice, which more completely describes the Settlement and your rights thereunder (including your right to object to the Settlement), the Proof of Claim, the Stipulation (which, among other things, contains definitions for the capitalized terms used in this Summary Notice), and other important documents, may be accessed online at www.NAPCOSecuritiesSettlement.com, or by writing to or calling:

NAPCO Securities Settlement

Claims Administrator

c/o Verita Global

P.O. Box 301170

Los Angeles, CA 90030-1170

Telephone: 1-888-808-1323

Inquiries should NOT be directed to Defendants, the Court, or the Clerk of the Court.

Inquiries, other than requests for the Notice or for a Proof of Claim, may be made to Lead Counsel:

ROBBINS GELLER RUDMAN & DOWD LLP

Ellen Gusikoff Stewart

655 West Broadway, Suite 1900

San Diego, CA 92101

Telephone: 1-800-449-4900

settlementinfo@rgrdlaw.com

JOHNSON FISTEL, PLLP

Michael I. Fistel, Jr.

40 Powder Springs Street

Marietta, GA 30064

Telephone: 1-470-632-6000

michaelf@johnsonfistel.com

IF YOU DESIRE TO BE EXCLUDED FROM THE CLASS, YOU MUST SUBMIT A REQUEST FOR EXCLUSION SUCH THAT IT IS POSTMARKED BY NOVEMBER 26, 2026, IN THE MANNER AND FORM EXPLAINED IN THE NOTICE. IF YOU PROPERLY EXCLUDE YOURSELF FROM THE CLASS, YOU WILL NOT BE BOUND BY ANY RELEASES, JUDGMENTS, OR ORDERS ENTERED BY THE COURT IN THE LITIGATION, AND YOU WILL NOT RECEIVE ANY BENEFITS FROM THE SETTLEMENT. EXCLUDING YOURSELF FROM THE CLASS IS THE ONLY OPTION THAT MAY ALLOW YOU TO BE PART OF ANY OTHER CURRENT OR FUTURE LAWSUIT AGAINST DEFENDANTS CONCERNING THE CLAIMS BEING RESOLVED BY THE SETTLEMENT.

IF YOU ARE A CLASS MEMBER, YOU HAVE THE RIGHT TO OBJECT TO THE SETTLEMENT, THE PLAN OF ALLOCATION, AND/OR THE REQUEST BY LEAD COUNSEL FOR AN AWARD OF ATTORNEYS’ FEES NOT TO EXCEED 33-1/3% OF THE $20 MILLION SETTLEMENT AMOUNT, EXPENSES NOT TO EXCEED $700,000, PLUS INTEREST ON BOTH AMOUNTS, AND AWARD TO LEAD PLAINTIFF IN ACCORDANCE WITH 15 U.S.C. §78u-4(a)(4) IN CONNECTION WITH HIS REPRESENTATION OF THE CLASS. ANY OBJECTIONS MUST BE FILED WITH THE COURT AND SENT TO LEAD COUNSEL AND DEFENDANTS’ COUNSEL BY NOVEMBER 26, 2026, IN THE MANNER AND FORM EXPLAINED IN THE NOTICE.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261006173975/en/

Media gallery