Company: THS
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001320695-25-000030
Chunk: 85

Company: TreeHouse Foods, Inc.
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 85
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 Consider, for example, just some of the major companies whose recent proxy statements tout their lack of supermajority voting provisions: 3M, Allstate, BJ’s Wholesale, BNY Mellon, Boeing, Capital One, Chevron, CVS, Danaher, Darden, Dow, Ebay, FedEx, Ford, GE, GM, GoDaddy, Goldman Sachs, Hershey, IBM, Jack in the Box, Johnson & Johnson, JPMorgan Chase, Korn Ferry, Lockheed Martin, McKesson, Motorola Solutions, Nasdaq, PG&E, Quest Diagnostics, Salesforce, United Airlines, Walmart, Western Union, and Wendy’s. |     |                                                                                                                                                                                    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |     | THE BOARD RECOMMENDS THAT STOCKHOLDERS VOTE “FOR” THIS STOCKHOLDER PROPOSAL, IF PROPERLY PRESENTED AT THE ANNUAL MEETING.                                                          
 Proxies solicited by the Board will be voted for the implementation of a simple majority vote requirement in our governance documents unless stockholders specify a contrary vote. |

#### 78TreeHouse Foods, Inc.2025 Proxy Statement
| Proposal Five |

Indeed, if action is good for the company, the board should make its case to shareholders and seek majority approval; if it cannot make its case, shareholders should be able to meaningfully exercise their rights to stop such action.

Thus, we believe all matters permitted by law to be approved via simple majority should be presented to shareholders without heightened barriers.

Glass Lewis agrees, concluding that “a simple majority is appropriate to approve all matters presented to shareholders.”

Institutional Shareholder Services (ISS), which supports eliminating supermajority requirements, calls them “materially adverse to shareholder rights.”

And major asset managers like BlackRock and Vanguard also generally support reducing or eliminating supermajority requirements.

Given the broad-ranging support for simple majority voting requirements, it’s perhaps unsurprising that proposals on this topic have passed in landslide votes at other companies.

As just ten examples, supermajority proposals filed by shareholders but opposed by management have passed at Tesla, McDonald’s, Staples, Netflix, SpartanNash, Kellogg, Hess, UNFI, FirstEnergy, and Walgreen’s—with approval from approximately 75% of the voted shares, on average. At some, votes have exceeded 90%.

Based on the foregoing, we believe support for this request is warranted. Thank you.

| The proponent asks that you vote "FOR" this proposal. |

#### The Board’s Statement in