Company: DHR
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0000313616-25-000081
Chunk: 27

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 27
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 the Washington Commanders for the 2024-2025 NFL football season for approximately $530,000. Mitchell Rales is a greater-than-10% owner of the Washington Commanders.

In 2024, the general partner (“GP”) of certain venture capital funds in which Danaher is the sole limited partner (“Danaher Funds”) proposed to form and raise capital for a new venture capital fund (“New Fund”). Danaher elected not to invest in the New Fund but was informed that Steven Rales, Mitchell Rales and Feroz Dewan intended to invest in the New Fund. Danaher negotiated with the GP regarding implications of the New Fund under the agreements that govern the Danaher Funds and in July 2024 entered into an amendment of its agreements with the GP and its affiliated entities to (i) waive the acceleration of the management fee step-down that otherwise would have been triggered by the New Fund's creation and instead reduce (for the period during which the acceleration would have been effective) the management fees payable by Danaher under the Danaher Funds by the amount of any management fees paid to the GP by the New Fund investors, (ii) limit the amount of portfolio company disposition proceeds that the GP may reinvest under the Danaher Funds governing documents, and (iii) restrict the GP from further investing the Danaher Funds in certain research-related financings.

BlackRock, Inc. ("BlackRock") filed a Schedule 13G with the SEC reporting that as of December 31, 2023, BlackRock and certain subsidiaries collectively were the beneficial owners of more than five percent of Danaher's outstanding shares of Common Stock. During 2024, BlackRock acted as an investment manager for certain assets within Danaher's global pension plans and employee savings plans. BlackRock received approximately $2.2 million for such services.

(1) Represents the aggregate year-over-year change in the actuarial present value of the officer's accumulated benefit under the Cash Balance Plan of the Danaher Corporation & Subsidiaries Savings Plan.

(2) Tax and accounting services were provided in the form of one full-time employee. In addition to the compensation reflected in the table, Danaher provided health and welfare benefits to such employee.

(3) Danaher provided a full-time executive assistant to each of the Rales' to support them in their roles as Danaher executive officers, and each used a minority of their assistant’s time for non-Danah