The company said its Compensation and People Committee set the performance metrics and targets for 2025 performance units and agreed to replace the 3-year return on invested capital target with a 3-year average net sales growth target.

1. 01

   The company said its Compensation and People Committee set the performance metrics and targets for 2025 performance units and agreed to replace the 3-year return on invested capital target with a 3-year average net sales growth target.

2. 02

   Smucker said performance unit awards generally vest at the end of 3 years and are based 75% on achievement of the 3-year adjusted earnings per share target and 25% on achievement of the 3-year average net sales growth target.

3. 03

   The J.M. Smucker Company said shareholders representing 89,994,632 shares attended in person or by proxy at the virtual annual meeting on August 14, 2024, constituting a quorum, and elected 10 directors to 1-year terms.

4. 04

   The company said shareholders approved the ratification of Ernst & Young LLP as independent auditor for the fiscal year ending April 30, 2025 with 81,999,999 votes in favor, and approved the advisory vote on executive compensation with 72,526,014 votes in favor.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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