Company: GHC
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001193125-25-063218
Chunk: 5

Company: Graham Holdings Co
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 5
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, bank or other nominee. Both Class A Shareholders and Class B Shareholders are entitled to vote on Proposal 1: Election of Directors. In accordance with the Company’s constitutive documents and under Delaware corporate law, only Class A Shareholders are entitled to vote on Proposal 2: Advisory Vote to Approve 2024 Compensation Awarded to Named Executive Officers. If you are a participant in one of the Company’s 401(k) plans with Graham Holdings Company Class B Common Stock allocated to your account, you will be eligible to vote Class B Common Stock allocated to your account on Proposal 1: Election of Directors. Q: Can I change my vote? A: Yes. You can change your vote or revoke your Proxy at any time before the Meeting:

| • |     | By entering a new vote by internet or telephone; |

| • |     | By returning a later-dated Proxy card; or |

| • |     | By voting in person at the Meeting, provided you first revoke your previously voted Proxy. |

If you are a participant in one of the Company’s 401(k) plans with Graham Holdings Company Class B Common Stock and wish to change your vote or revoke your Proxy, you must do so no later than 11:00 p.m., Eastern Daylight Time, on May 1, 2025,by instructing the Plan Trustee in a manner described in the Question “How do I vote if I participate in one of the Company’s 401(k) plans?” above . Q: What vote is required to approve a proposal? A: Directors will be elected by the affirmative vote of a majority of the shareholders present or represented at the Meeting and entitled to vote on the election of such Directors. This means that each of the seven Class A Shareholder nominees receiving more “FOR” than “AGAINST” votes from the Class A Shareholders present or represented at the Meeting and each of the three Class B Shareholder nominees receiving more “FOR” than “AGAINST” votes from the Class B Shareholders present or represented at the Meeting shall be elected. You do not have the right to cumulate votes in the election of Directors. 2

While Proposal 2 to approve the 2024 compensation awarded to the Company’s named executive officers is non-bindingand advisory in nature, it will be approved only on the affirmative vote of a majority of the Class A Shareholders present or represented at the Meeting. Votes to “ABSTAIN” will have the effect of a vote against each of