McDonald’s (MCD) Proxy Filing summary

Executive summary

• Supplement addresses a recent letter from SOC Investment Group and clarifies the company's position on lobbying disclosure enhancements.

• Highlights ongoing commitment to investor engagement and transparency in public policy activities.

• Reiterates the company's response to shareholder feedback and outlines recent improvements in disclosure practices.

Voting matters and shareholder proposals

• Urges shareholders to vote FOR all Board director nominees, including Paul Walsh, at the 2025 Annual Shareholders' Meeting.

• Responds to a 2023 advisory shareholder proposal on lobbying disclosure, noting meaningful support and subsequent actions.

Board of directors and corporate governance

• Board and management developed a robust annual shareholder engagement program, soliciting feedback from major shareholders.

• Board considered voting results and market practices in updating disclosure policies.