The Sherwin-Williams Company
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The Sherwin-Williams Company (SHW) investor relations material

The Sherwin-Williams Company Proxy Filing summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Proxy Filing summary27 Feb, 2026

Executive summary

  • Annual Meeting scheduled for April 22, 2026, with a virtual format and record date of February 25, 2026.

  • Agenda includes election of 9 directors, advisory say-on-pay, auditor ratification, management and shareholder proposals on special meetings, and other business.

  • 2025 net sales reached a record $23.57 billion, with net operating cash of $3.45 billion and $2.45 billion returned to shareholders via dividends and buybacks.

  • Sustainability initiatives are integrated across operations, with a focus on environmental footprint, product innovation, and social responsibility.

Voting matters and shareholder proposals

  • Board recommends FOR all director nominees, say-on-pay, auditor ratification, and management proposal to lower special meeting threshold to 25%.

  • Board recommends AGAINST shareholder proposal to lower special meeting threshold to 10%.

  • Shareholder engagement is emphasized, with regular outreach and feedback considered in governance and compensation decisions.

Board of directors and corporate governance

  • Board consists of 9 members, 8 of whom are independent; all standing for re-election.

  • Board committees (Audit, Compensation, Nominating) are fully independent.

  • Annual board and committee self-assessments, majority voting, proxy access, and director overboarding policies in place.

  • Combined Chair/CEO role, with a Lead Director providing independent oversight.

Detail risks of 10% special meeting threshold
Explain Mercer's other services and independence review
Rationale for limited retail ops board experience
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Frequently asked questions

One of the world’s major paint companies

Sherwin-Williams is a global leader in the manufacturing, distribution, and sale of coatings and related products. The company's products are used in a wide range of applications, including architectural and industrial coatings, automotive finishes, and aerospace coatings.

Some of Sherwin-Williams competitors include PPG Industries, Akzo Nobel, and Masco Corporation.

The main business segments

Sherwin-Williams operates through three main business segments:

  • The Americas Group,

  • The Consumer Brands Group,

  • The Performance Coatings Group.

The Americas Group serves customers in North and South America, providing architectural and industrial coatings, as well as automotive finishes. The Consumer Brands Group provides paints, stains, and other coatings products to do-it-yourself customers through retail channels such as Lowe's and Home Depot. Finally, the Performance Coatings Group provides coatings and finishes for a wide range of industrial applications, including automotive, aerospace, and marine.

Interesting facts about Sherwin-Williams

Sherwin-Williams was founded in 1866 and is headquartered in Cleveland, Ohio. The company has a global presence, with operations in over 120 countries. Sherwin-Williams is committed to sustainability and has set ambitious goals to reduce its environmental impact, including a commitment to reducing its greenhouse gas emissions by 25% by 2025.

One interesting fact about Sherwin-Williams is that the company acquired Valspar Corporation, a leading coatings manufacturer, in 2017. The acquisition expanded Sherwin-Williams' product offerings and global reach, making it one of the largest coatings companies in the world.

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