SiteOne Landscape Supply (SITE) Proxy Filing summary

Executive summary

• Achieved net sales of $4.54 billion in 2024, up 6% from 2023, and gross profit of $1.56 billion, up 5% from 2023, despite market challenges and cost inflation.

• Completed 7 acquisitions, including a 75% stake in Devil Mountain, adding ~$200 million in trailing sales.

• Maintained a strong balance sheet and geographic diversity, supporting resilience and long-term value creation.

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

Voting matters and shareholder proposals

• Election of three Class III directors for terms expiring in 2028.

• Proposal to amend the Charter to declassify the board, transitioning to annual director elections by 2028.

• Ratification of Deloitte & Touche LLP as independent auditor for 2025.

• Advisory vote on executive compensation (say-on-pay).

• Board 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.

• Ongoing board refreshment, with 50% of directors added since 2017.

• Lead Director role held by William W. Douglas III, providing independent oversight.

• Board committees (Audit, Compensation, Nominating/Governance) are fully independent.

• Board is moving to declassify itself over the next three years, subject to shareholder approval.

• Annual board and committee self-evaluations and succession planning processes in place.