JBT Marel (JBTM) Proxy filing summary

Executive summary

• The 2026 Annual Meeting will be held virtually on May 14, 2026, for shareholders of record as of March 16, 2026.

• Key proposals include re-election of ten directors, advisory approval of executive compensation, and ratification of PricewaterhouseCoopers LLP as auditor.

• 2025 marked a transformational year with the completed merger of John Bean Technologies Corporation and Marel hf., resulting in strong financial performance and operational integration.

• The company reported $3.8 billion in 2025 revenue, significant synergy realization, and deleveraged its balance sheet to below 2.9x.

Voting matters and shareholder proposals

• Shareholders will vote on re-electing ten directors for one-year terms, a non-binding say-on-pay resolution, and auditor ratification.

• The board recommends voting in favor of all proposals.

• Shareholders may submit proposals for the 2027 meeting by specified deadlines.

Board of directors and corporate governance

• The board consists of ten members, nine of whom are independent, with an average tenure of six years.

• Directors bring diverse expertise in finance, global business, manufacturing, and sustainability.

• The board is declassified, with annual elections, and separates the roles of Chairman and CEO.

• Stock ownership guidelines and a robust engagement program are in place.