The Campbell’s Company (CPB) AGM 2024 summary

Opening remarks and agenda

• The meeting was convened by the Chair, with introductions of executive leadership and director nominees, and confirmation of a quorum for business proceedings.

• The agenda included four management proposals and one shareholder proposal, with voting procedures and Q&A sessions outlined.

• Rules of conduct and access to prior meeting minutes were provided to shareholders.

Shareholder proposals

• A shareholder proposal called for a diversity audit, citing concerns over management diversity and the financial materiality of the issue.

• The Board opposed the proposal, stating existing diversity initiatives and reporting were sufficient and the audit would not add value.

Overview of voting outcomes

• All 12 director nominees were elected for one-year terms.

• Ratification of the independent auditor, approval of executive compensation, and a corporate name change were all approved.

• The shareholder proposal for a diversity audit was not approved.