TE Connectivity (TEL) Proxy Filing summary

Executive summary

• Completed change in jurisdiction of incorporation from Switzerland to Ireland as of September 30, 2024, now operating under Irish law for fiscal 2025.

• Fiscal 2024 revenue reached $15.8B, with record GAAP operating margin of 17.6% and net income of $3.19B, up 67% from prior year.

• Returned $2.8B to shareholders and made a $340M acquisition to support Industrial Solutions growth.

• Total shareholder return for the year was approximately 24.5%.

Voting matters and shareholder proposals

• Shareholders will vote on: election of 12 directors, ratification of Deloitte as auditors, advisory say-on-pay, authorization for market purchases of shares, and setting the price range for re-allotment of treasury shares.

• Board recommends voting FOR all proposals.

• Shareholder proposals for the 2026 AGM must be received between September 19 and October 19, 2025.

Board of directors and corporate governance

• Board consists of 12 directors, 10 of whom are independent; diversity includes four women, one African American, one LGBTQ+, and four ethnically/geographically diverse members.

• Board committees: Audit, Management Development and Compensation, Nominating, Governance and Compliance, and Joint Committee on Cybersecurity—all comprised of independent directors.

• Annual board and committee self-assessments are conducted, with feedback incorporated into governance practices.

• Directors are expected to own stock equal to five times the annual cash retainer within five years.