The Estée Lauder Companies (EL) Proxy filing summary

Executive summary

• Annual Meeting scheduled for November 17, 2026, in a virtual-only format; shareholders to vote on four key items.

• Net sales for fiscal 2026 reached $15.05 billion, up 5% year-over-year; diluted EPS was $0.50, a turnaround from a prior year loss.

• Strategic focus on organic sales growth, profitability, innovation, and sustainability under the 'Beauty Reimagined' vision.

• Significant progress in restructuring and profit recovery, with most benefits expected by end of fiscal 2027.

Voting matters and shareholder proposals

• Election of five Class III directors to serve until the 2029 Annual Meeting.

• Ratification of PricewaterhouseCoopers LLP as independent auditors for fiscal 2027.

• Advisory vote to approve executive compensation (Say-on-Pay).

• Shareholder proposal requesting additional reporting on plastic packaging; Board recommends voting against this proposal.

Board of directors and corporate governance

• Board consists of 14 directors divided into three classes; majority are independent.

• Lauder family maintains approximately 82% voting power and significant board influence via a Stockholders' Agreement.

• Board committees include Audit, Compensation, and Nominating & ESG; all Audit Committee members are independent.

• Board diversity: 8 men, 6 women; 11 white, 1 Afro-Latino, 2 Asian.

• CEO succession planning and risk oversight are ongoing priorities.