Ford Motor Company (F) AGM 2025 summary

Opening remarks and agenda

• Meeting called to order by the Chair, with company officers and board nominees introduced and polls opened for voting.

• Agenda included voting on proposals, business updates, a video presentation, and a Q&A session.

• Proposal 6, regarding a DEI strategy report, was withdrawn prior to the meeting.

Shareholder proposals

• Five proposals were presented: election of directors, ratification of auditors, executive compensation, tax benefit preservation, and a report on supply chain emissions.

• Proposal 5, sponsored by Green Century, urged disclosure of supply chain emissions reduction plans to align with Net Zero goals, citing competitive and regulatory risks.

• The board recommended against Proposal 5, while supporting the other management proposals.

Financial performance review

• Achieved record $185 billion in revenue in the previous year, up 5% and marking four consecutive years of top-line growth.

• First quarter revenue was $41 billion, slightly down due to planned factory downtime for new model launches.

• International operations were profitable, with China delivering $900 million EBIT and strong results in South America and Europe.

• Ended the year with over $27 billion in cash and $45 billion in liquidity, maintaining a 65% cash conversion rate.

• Over $10 billion paid in dividends over the last three years, with a regular $0.15/share dividend declared.