Company: GGG
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052581
Chunk: 1

Company: GRACO INC
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 1
---
 meeting starts. At this meeting, shareholders will consider the following matters:

| 1. | Election of three directors to serve for three-year terms. |

| 2. | Ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year 2025. |

| 3. | An advisory, non-binding resolution to approve our executive compensation. |

| 4. | Transaction of such other business as may properly come before the meeting. |

Shareholders of record at the close of business on February 24, 2025, are entitled to vote at this meeting or any adjournment. We encourage you to join us via the Internet and vote at the meeting. Regardless of whether you plan on joining the meeting, we encourage you to vote by Internet, or by requesting a paper copy of the proxy card and voting by telephone or by returning your proxy card by mail, as described in further detail later in this Proxy Statement. If you do not vote by Internet, telephone, returning a proxy card or voting your shares online during the meeting, you will lose your right to vote on matters that are important to you as a shareholder. Accordingly, please vote your shares in one of the methods identified above. Instructions on how to vote while participating in the meeting live via the Internet are posted at www.virtualshareholdermeeting.com/GGG2025 .

| Sincerely,                                            
 Mark W. Sheahan President and Chief Executive Officer 
 March 12, 2025                                        |     | Joseph J. Humke 
 Secretary       |
|:------------------------------------------------------|:----|:----------------|
| Minneapolis, Minnesota                                |     |                 |

1 Graco Inc. 2025 Proxy Statement

TABLE OF CONTENTS

| VOTING METHODS                                                                               |     |  5 |
| ADDITIONAL MEETING INFORMATION                                                               |     |  5 |
| 2024 HIGHLIGHTS                                                                              |     |  6 |
| BOARD OF DIRECTORS                                                                           |     |  6 |
| Nominees and Continuing Directors                                                            |     |  6 |
| Qualification Standards                                                                      |     |  9 |
| Director Commitments                                                                         |     |  9 |
| Qualifications of Current Directors                                                          |     |  9 |
| Board Diversity                                                                              |     | 10 |
| Nominee Selection Process                                                                    |     | 10 |
| DIRECTOR INDEPENDENCE                                                                        |     | 10 |
| BOARD LEADERSHIP STRUCTURE                                                                   |     |