Company: GGG
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052581
Chunk: 17

Company: GRACO INC
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 17
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 responsibility and sustainability, including environmental, social and governance matters, with management providing regular reports to the Board or one of its committees on various topics related to these matters.

MEETINGS OF THE BOARD OF DIRECTORS

During 2024, our Board of Directors met five times. Attendance of our directors at all Board and committee meetings averaged 97.8%. During 2024, every director attended at least 75% of the aggregate number of meetings of the Board and all committees of the Board on which he or she served. Our Corporate Governance Guidelines require that each director make all reasonable efforts to attend the Company’s Annual Meeting of Shareholders. In 2024, all of the directors attended the Annual Meeting of Shareholders. Each regularly scheduled meeting of the Board includes an executive session of only non-employee directors, and our independent Chair of the Board presides at the executive sessions.**

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Graco Inc. 2025 Proxy Statement</div>

COMMITTEES OF THE BOARD OF DIRECTORS The Board of Directors has an Audit Committee, a Governance Committee, and a Management Organization and Compensation Committee. Membership as of February 24, 2025, the record date, was as follows:

| Audit                  |     | Governance               |     | Management Organization and Compensation |
| Jody H. Feragen, Chair |     | J. Kevin Gilligan, Chair |     | Martha A. Morfitt, Chair                 |
| Heather L. Anfang      |     | Eric P. Etchart          |     | Heather L. Anfang                        |
| Archie C. Black        |     | Jody H. Feragen          |     | Archie C. Black                          |
| Brett C. Carter        |     | Martha A. Morfitt        |     | Brett C. Carter                          |
| Eric P. Etchart        |     | Kevin J. Wheeler         |     | J. Kevin Gilligan                        |
|                        |     |                          |     | Kevin J. Wheeler                         |

Audit Committee(8 meetings in fiscal year 2024) The Audit Committee is composed entirely of directors who meet the independence requirements of the Securities Exchange Act of 1934. All of the Audit Committee members are, in the judgment of the Board, financially literate. Our Board has determined that Ms. Feragen and Messrs. Black and Carter are audit committee financial experts. The Audit Committee assists the Board in its oversight of the integrity of our financial statements, our compliance with legal and regulatory