Company: FOX
Filing Date: 2025-10-23
Form Type: DEFA14A
Source: 0001628280-25-046082
Chunk: 3

Company: Fox Corp
Filing Date: 2025-10-23
Form: DEFA14A
Chunk 3
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 Company’s Compensation Committee (Mr. Chase Carey, Mr. William Burck, Ms. Margaret “Peggy” Johnson, and Mr. Paul Ryan) have been dedicated and outstanding directors and have been diligent in their work on the Compensation Committee. Each of these directors is highly qualified and deeply engaged in fulfilling their responsibilities. They exercise thoughtful judgment in all decisions and consistently act with a steadfast commitment to advancing the best interests of our stockholders.

Dual Class and Stockholder Proposal to Eliminate Supermajority Provisions

While the focus of this Supplement is on LGC Holdco’s pledge, we cannot ignore ISS’s recommendation against Mr. Paul Ryan as Chair of our Nominating and Corporate Governance Committee, and Mr. L.K. Murdoch, as Board Chair, due to our dual-class structure. The Board believes such recommendation is based on a “one-size-fits-all” checklist approach to corporate governance that fails to recognize the benefits of such structure, which has been in existence for more than 20 years at the Company and its predecessors, is widely understood by our investors, provides important protections for editorial integrity, and is essential to maintaining the reputation, brand, and long-term value of our assets.

Finally, ISS’s misguided recommendation to support a stockholder proposal to implement a simple majority vote fails to recognize, as we have highlighted in our proxy statement, the limited provisions in

our governing documents that require supermajority stockholder support in fact provide protection to our minority investors, ensuring that certain fundamental changes require broad stockholder support and cannot be unilaterally implemented by a single majority holder.

In closing, we ask that you vote FOR “Proposal 1: Election of Directors,” in accordance with the recommendations of our Board of Directors, and AGAINST “Proposal 6.” Vote with FOX on all proposals.

This supplemental information should be read together with the Proxy Statement, which should be read in its entirety. From and after the date of this supplement, any references to the “Proxy Statement” are to the Proxy Statement as supplemented hereby. If you have already voted, you do not need to vote again unless you would like to change or revoke your prior vote on any proposal. If you would like to change or revoke your prior vote on any proposal, please refer to the Proxy Statement for instructions on how to do so.

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON NOVEMBER 14, 2025: This