SiteOne Landscape Supply (SITE) Proxy Filing summary

Executive summary

• Achieved net sales of $4.54 billion (up 6%) and gross profit of $1.56 billion (up 5%) for 2024; completed 7 acquisitions, including a 75% stake in Devil Mountain, adding $200 million in trailing sales.

• Customer Net Promoter Score rose to 85.2; five-year total stockholder return outperformed key indices.

• Focused on delivering value, sustainable growth, and maintaining a strong balance sheet despite market challenges.

• Continued robust stockholder outreach, engaging with holders of about 60% of shares.

Voting matters and shareholder proposals

• Proposals include: electing three Class III directors for terms expiring 2028, amending the Charter to declassify the board, ratifying Deloitte & Touche LLP as auditor for 2025, and a non-binding advisory vote on executive compensation.

• Board unanimously recommends voting for all proposals.

Board of directors and corporate governance

• Board consists of eight directors, 88% independent, with an average tenure of 7.6 years; 50% added since 2017.

• Proposal to declassify the board over three years, moving to annual director elections by 2028.

• Board refreshment, increased diversity, and enhanced governance practices, including elimination of supermajority voting and adoption of a lead director role.

• All committees are fully independent; annual board and committee self-evaluations conducted.