Company: ELV
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001156039-25-000046
Chunk: 81

Company: Elevance Health, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 81
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 Committee recommended, and the Board approved, the inclusion of the audited consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 as filed with the SEC.

#### Audit Committee
Ryan M. Schneider (Chair)

R. Kerry Clark

Antonio F. Neri

Lewis Hay, III

Deanna D. Strable

| 72 |

Shareholder Proposal

| PROPOSAL 4                                                                                             
 Shareholder Proposal Requesting Report on the Effectiveness of Diversity, Equity and Inclusion Efforts |

We have been informed that John Chevedden and Laird Norton Family Foundation intend to introduce the resolution below at the Annual Meeting. The following shareholder proposal will be voted on at the Annual Meeting only if properly presented by or on behalf of the proponent. In accordance with SEC rules, the proposed shareholder resolution and supporting statement are printed verbatim from the proponents' submission.

<div align='center'>Proposal 4 – Report on the Effectiveness of Diversity, Equity, and Inclusion Efforts</div>

Resolved: The shareholders of Elevance Health, Inc. (“Elevance” or “Company”) request that the Company report on the effectiveness of diversity, equity, and inclusion efforts to create a workplace where all employees can contribute to the Company’s success. This disclosure should be done at reasonable expense, exclude proprietary information, and provide quantitative metrics for hiring, promotion, and retention rates of employees, including data by gender, race, and ethnicity.

Supporting Statement: Quantitative data is sought so investors can assess and compare the effectiveness of companies’ diversity, equity, and inclusion programs. It is advised that this content be provided through Elevance’s existing sustainability reporting infrastructure. A specific, independent report is not requested.

Whereas: Gender and racial discrimination are prohibited under the Civil Rights Act of 1964.

Research indicates that investors benefit from companies with more diverse management. As examples:

• McKinsey studies have consistently found that companies with higher diversity in corporate leadership are more likely to outperform peers on profitability. This includes a 39 percent greater likelihood of outperformance for companies in the top quartile for diverse executive teams, versus those in the bottom quartile.[1]

• Researchers from Whistle Stop Capital and As You Sow reviewed the manager diversity of over 1,600 companies. Statistically significant positive correlations were found for financial performance indicators, including: return on equity, return on invested capital, revenue growth, and, as illustrated above, share price performance. Researchers