Company: AOS
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0001193125-25-037641
Chunk: 76

Company: SMITH A O CORP
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 76
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 The Committee reviewed with the Board and management the company’s ERM program, including specific risk topics that are addressed in presentations to the Board. The Committee also reviewed with management regulatory developments that might affect financial reporting, including ESG and cybersecurity disclosure.

The Committee received and reviewed the written disclosures and the letter from E&Y required by applicable requirements of the PCAOB for the independent registered public accounting firm’s communications with the Audit Committee concerning independence and has discussed with E&Y its independence. In addition, the Committee considered the compatibility of non-audit services with E&Y’s independence.

The Audit Committee has procedures for pre-approving all audit and non-audit services provided by its independent registered public accounting firm. These procedures include reviewing and approving a budget for audit and permitted non-audit services. Audit Committee approval is required to exceed the amount of the budget for a particular category of non-audit services. The Audit Committee may delegate pre-approval authority to one or more members of the Audit Committee, which is later ratified by the full Committee. The Audit Committee concluded the provision of E&Y’s non-audit services is compatible with E&Y maintaining its independence.

60A. O. Smith Corporation

Report of the Audit Committee During the fiscal year ended December 31, 2024, E&Y was employed principally to perform the annual audit and to render non-auditservices. Fees paid to E&Y for each of the last two fiscal years are listed in the following table:

|                    |     | Year Ended December 31 |      2024 |     |   |      2023 |
|:-------------------|:----|:-----------------------|----------:|:----|:--|----------:|
| Audit Fees         |     | $                      | 2,242,000 |     | $ | 2,153,000 |
| Audit-Related Fees |     |                        |   694,000 |     |   |     8,000 |
| Tax Fees           |     |                        |    32,000 |     |   |    94,000 |
| Total Fees         |     | $                      | 2,968,000 |     | $ | 2,255,000 |

Audit fees consist of fees for the annual audit of our company’s financial statements and internal controls over financial reporting, reviews of financial statements included in our Form 10-Qand Form 10-Kfilings, statutory audits for certain of our company’s foreign locations and other services