Sonoco Products Company (SON) AGM 2026 summary

Opening remarks and agenda

• Chairman welcomed shareholders, recognized student guests, and introduced the Board of Directors, including new and retiring members.

• Official business meeting called to order, confirming distribution of annual materials and presence of a quorum with over 90% proxy participation.

• Annual General Meeting held April 15, 2026, with a focus on future growth and transformation.

• Agenda included election of directors, ratification of auditors, executive compensation, incentive plan amendment, and a shareholder proposal on political spending.

Board and executive committee updates

• Two long-serving directors, Blythe McGarvie and Thomas E. Whiddon, were recognized for their decades of service and are not standing for re-election.

• Introduction of new board member Craig Nix, CFO of First Citizens BancShares.

• Board comprised of experienced leaders, with appreciation expressed for decades of service by retiring members.

Shareholder proposals

• Five proposals were presented: election of directors, ratification of PwC as auditor, advisory approval of executive compensation, amendment to the 2024 Omnibus Incentive Plan, and a shareholder proposal on political spending transparency.

• The Board recommended voting against the political spending proposal, which was discussed by a shareholder advocating for greater transparency.