Company: VEEV
Filing Date: 2025-06-04
Form Type: DEFA14A
Source: 0001393052-25-000047
Chunk: 4

Company: VEEVA SYSTEMS INC
Filing Date: 2025-06-04
Form: DEFA14A
Chunk 4
---
 label is honorific and does not interfere with his exercise of independent judgment in carrying out his responsibilities as a director.

Glass Lewis appears to recommend a vote against Mr. Wallach, suggesting that he has a material affiliation with the company or its management merely because his brother is a Veeva employee. Contrary to Glass Lewis’ position, Mr. Wallach does not have a material financial, familial or other relationship with the company or its executives. Mr. Wallach’s brother, who has been a long-time Veeva employee, is not an executive officer of Veeva. Mr. Wallach has no role in setting his brother’s compensation, including any equity grants. Furthermore, NYSE listing standards explicitly exclude compensation received by family members for service as a non-executive employee in determining independence of directors. The fact that Mr. Wallach’s brother is an employee does not interfere with his exercise of independent judgment in carrying out his responsibilities as a director.

1 This amount is not indicative of true amounts paid to, or earned or realized by, Mr. Gassner. Unlike full-value equity awards, Mr. Gassner will receive no financial benefit from the 2024 Performance Options unless our stock price is above the exercise price at the time of exercise.

Mr. Wallach’s independence and deep knowledge of Veeva, coupled with his life sciences technology expertise and deep knowledge of and relationships with our customers, makes him an important contributor to our board’s discussions on strategy, risk management, and governance. As a member of our Nominating and Governance Committee, moreover, his executive experience and familiarity with Veeva’s business, markets, and customers make him uniquely qualified to identify and evaluate director candidates, including their ability to fulfill the fiduciary duty to consider the interests of our stakeholders as directors of a Public Benefit Corporation.

Our board strongly encourages you to vote FOR Mr. Wallach on Proposal One.

#### FOR THESE REASONS, WE URGE OUR SHAREHOLDERS

#### TO VOTE “FOR” ALL DIRECTOR NOMINEES.