The Campbell’s Company (CPB) AGM 2025 summary

Opening remarks and agenda

• Meeting convened with introductions of board members and executive team, and confirmation of quorum for official proceedings.

• Agenda included three management proposals and two shareholder proposals, with voting procedures and Q&A sessions outlined.

Board and executive committee updates

• All incumbent directors nominated for re-election participated electronically, with their names listed and information available in the proxy statement.

• Inspector of Election and independent auditors were introduced, with auditors available for questions.

Shareholder proposals

• Proposal to eliminate supermajority voting requirements was presented, citing prior strong support among outside shareholders but ultimately opposed by the board.

• Proposal for a report on regenerative agriculture program effectiveness, including pesticide reduction, was presented, emphasizing transparency and risk mitigation, but opposed by the board as duplicative and potentially counterproductive.