Fresh Del Monte Produce (FDP) Proxy Filing summary

Executive summary

• Achieved strong financial and operational performance in 2024, with net income of $142.2 million, reversing a prior year net loss, and gross margin rising to 8.4% from 8.1%.

• Expanded premium pineapple varieties and fresh-cut operations, driving growth and profitability.

• Launched a $150 million share repurchase program and increased quarterly dividend for the third consecutive year.

• Advanced sustainability initiatives, meeting Scope 1 and 2 emissions reduction targets seven years ahead of schedule.

Voting matters and shareholder proposals

• Shareholders to vote on: election of three directors for a three-year term, ratification of Ernst & Young LLP as independent auditor for 2025, and a non-binding advisory vote on executive compensation.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of eight directors, with a majority being independent and diverse in gender and ethnicity.

• Board is divided into three classes with staggered three-year terms.

• Committees include Audit, Compensation, and Governance, all composed of independent directors.

• Annual board and committee self-evaluations and director resignation policy in place.