Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 28

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 28
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 her prior contributions to the board), with a view toward constituting a board that, as a whole, is well-qualified to oversee our businesses. With respect to Dr. Conesa, the committee and the board also considered that he has been the Chief Executive Officer and a director of Grupo Aeroméxico S.A.B. de C.V. since 2005 and that Grupo Aeroméxico filed a voluntary petition under Chapter 11 of the U.S. federal bankruptcy laws

| 18 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Corporate Governance

in June 2020. The committee and the board concluded that this event does not reflect upon the integrity of Dr. Conesa or his ability and qualifications to serve on our board, but was a direct consequence of the unprecedented global COVID-19 pandemic that resulted in domestic and international travel restrictions and severely impacted the air travel industry. With respect to Mr. Sagara, the committee and the board also considered his former positions with Sempra and its family of companies, for which he served for several decades in various roles, including most recently as Executive Vice President and Group President, as well as the pension and deferred compensation benefits he earned as a result of this service. Since January 1, 2024, Sempra has paid Mr. Sagara $21 million in pension benefits, $20.4 million of which was under its Supplemental Executive Retirement Plan and $0.6 million of which was under its Cash Balance Plan, and $2.3 million, including accrued investment returns, in nonqualified deferred compensation benefits under its Employee and Director Savings Plan. As a named executive officer of Sempra at the time of his retirement, Mr. Sagara’s compensation and benefits while he served in that role, including pension and deferred compensation benefits, are described in Sempra’s proxy statement filed with the SEC on March 25, 2024. The committee and the board concluded that these payments do not reflect upon the integrity of Mr. Sagara or his ability and qualifications to serve on our board. For additional information about the nominees and their qualifications, see “Proposal 1: Election of Directors.” Safety, Sustainability and Technology Committee Our Safety, Sustainability and Technology Committee was at all times in 2024 composed entirely of independent directors under the independence standards established by the NYSE. This committee’s responsibilities include, among others, assisting the board with:

| • | Overseeing the company’s risk management, oversight programs and performance related to safety, safety culture, health