Sonoco Products Company (SON) AGM 2025 summary

Opening remarks and agenda

• Chairman welcomed attendees, introduced current and new board members, and honored the legacy of Charles W. Coker Sr. and Charlie Coker (1933–2024).

• Announced a substantial Sonoco Foundation contribution to Coker University in honor of Charles W. Coker Sr.

• Agenda included election of directors, ratification of accounting firm, advisory vote on executive compensation, and a shareholder proposal on political spending transparency.

Board and executive committee updates

• Board consists of 12 directors, including newly appointed Scott Clark and lead independent director Robert Hill, with Howard Coker as President and CEO.

• Retired directors and their contributions were acknowledged.

Shareholder proposals

• Four proposals presented: election of directors, ratification of PwC as auditor, advisory vote on executive compensation, and a shareholder proposal on political spending transparency.

• The board recommended against the political spending transparency proposal.

• Shareholder John Chevedden advocated for increased disclosure on political contributions, citing reputational and value risks.