01—Abstract
Summary
Summary of the 8-K filed November 19, 2024. Cited figures are marked; the original filing is the authoritative source.
At Sysco Corporation's 2024 Annual Meeting of Stockholders, held November 15, 2024, stockholders re-elected or elected all eleven director nominees, each to serve until the 2025 Annual Meeting.
Support ranged from 91.93%a (Alison Kenney Paul) to 99.60% (Roberto Marques) of votes cast. Kevin P. Hourican (92.27%) and Alison Kenney Paul (91.93%) received the lowest director support, while Francesca DeBiase (99.33%), Roberto Marques (99.60%) and Ali Dibadj (98.89%) received the highest.
Stockholders also approved the advisory vote on named executive officer compensation as disclosed in the 2024 proxy statement, with 93.80%b of votes cast in favor. They approved the 2025 Employee Stock Purchase Plan with 99.59% of votes cast, and ratified Ernst & Young LLP as the independent registered public accounting firm for fiscal 2025 with 95.42% of votes cast. A stockholder proposal on measurable, timebound targets for group sow housing for Sysco's private brand pork products (proposal #5) was withdrawn by its proponent after proxy materials were mailed, so no votes were tabulated on it.
The filing is a governance update with no reported financial results or transactions. Its main investor-relevant content is the shareholder vote outcomes, which show broad approval of board nominees, compensation, the new stock purchase plan and the auditor.
02—Key points
Key Highlights
- All 11 director nominees were elected to serve until the 2025 Annual Meeting of Stockholders.
- Director support ranged from 91.93% (Alison Kenney Paul) to 99.60% (Roberto Marques) of votes cast.
- Say-on-pay advisory vote on named executive officer compensation was approved by 93.80% of votes cast.
- Stockholders approved the Sysco Corporation 2025 Employee Stock Purchase Plan with 99.59% of votes cast.
- Ernst & Young LLP was ratified as the independent registered public accounting firm for fiscal 2025 with 95.42% of votes cast.
- The stockholder proposal on group sow housing for private brand pork products (proposal #5) was withdrawn by the proponent, so no votes were tabulated.
03—Questions
Frequently Asked Questions
Who was elected to Sysco's board at the 2024 Annual Meeting?
All eleven director nominees were elected: Daniel J. Brutto, Francesca DeBiase, Ali Dibadj, Larry C. Glasscock, Jill M. Golder, Bradley M. Halverson, John M. Hinshaw, Kevin P. Hourican, Roberto Marques, Alison Kenney Paul and Sheila G. Talton. Each will serve until the 2025 Annual Meeting of Stockholders.
Which directors received the lowest level of stockholder support?
Alison Kenney Paul received 91.93% of votes cast and Kevin P. Hourican received 92.27%. Both were the lowest among the nominees, with the next lowest being John M. Hinshaw at 95.00%.
Did stockholders approve executive compensation?
Yes. The advisory vote on the compensation paid to named executive officers, as set forth in the 2024 proxy statement, was approved by 93.80% of votes cast.
What happened to the stockholder proposal on pork sow housing?
The proposal, designated as proposal #5 in the 2024 proxy statement, sought measurable, timebound targets for group sow housing for Sysco's private brand pork products. The proponent withdrawn it after the proxy materials were mailed, so no votes were tabulated or reported on it.
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