Tractor Supply (TSCO) Proxy filing summary

Executive summary

• Achieved record net sales of $15.5 billion in 2025, marking 31 consecutive years of revenue growth and over $1 billion in earnings for the fourth consecutive year.

• Continued strategic investments in store expansion, supply chain, digital capabilities, and customer engagement, including opening 99 new stores and growing the Neighbor's Club loyalty program.

• Maintained a strong focus on long-term growth through the Life Out Here 2030 strategy, targeting a total addressable market of $225 billion.

• Returned $848.5 million to shareholders via share repurchases and dividends in 2025.

Voting matters and shareholder proposals

• Shareholders will vote to elect ten director nominees for one-year terms, ratify Ernst & Young LLP as the independent auditor for 2026, and approve executive compensation on a non-binding advisory basis (Say on Pay).

• The Board recommends voting FOR all proposals.

• Shareholders may submit proposals and director nominations for future meetings, with clear deadlines and requirements outlined.

Board of directors and corporate governance

• Board consists of ten directors, 90% of whom are independent, with a mix of skills in leadership, finance, technology, retail, and sustainability.

• Board diversity includes 50% female directors and 40% from underrepresented communities.

• Annual performance reviews, director resignation policy, and mandatory retirement at age 75 are in place.

• Stockholders have rights to call special meetings and proxy access.