Albertsons Companies (ACI) Proxy Filing summary

Executive summary

• Annual meeting scheduled for August 7, 2025, to elect 11 directors, ratify Deloitte and Touche as auditor, hold a say-on-pay vote, and consider three shareholder proposals.

• New CEO Susan Morris, appointed May 1, 2025, outlined strategic pillars: digital engagement, media business growth, customer value, technology modernization, and productivity improvements.

• Company targets $1.5 billion in productivity savings from 2025-2027 to reinvest in growth and offset inflation.

• ESG initiatives include a goal of 1.5 billion additional meals by 2030 and significant food and financial support to communities.

Voting matters and shareholder proposals

• Board recommends voting FOR all director nominees, auditor ratification, and executive compensation; AGAINST all three shareholder proposals.

• Shareholder proposals: (1) food waste reporting, (2) human rights policy and due diligence, (3) report on risks of state reproductive health policies.

• Board opposes proposals, citing existing initiatives, reporting practices, and resource considerations.

Board of directors and corporate governance

• Board consists of 11 members, 73% independent, with diverse skills in governance, finance, technology, and retail.

• Separate CEO and Chair roles; majority voting standard; annual board and committee evaluations.

• Cerberus Capital Management retains rights to designate up to four directors based on ownership.

• Board committees: Audit, Compensation, Governance, Technology, and Finance, all with independent oversight.