Company: FOX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001628280-25-042772
Chunk: 31

Company: Fox Corp
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 31
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 September 2025, certain trusts established for the benefit of certain beneficiaries of the Murdoch Family Trust (which Murdoch Family Trust held an aggregate of approximately 43.4% of the outstanding Class B Common Stock prior to the offering) completed the offering and sale of approximately 16.8 million shares of Class B Common Stock pursuant to a shelf registration statement, generating total gross proceeds of approximately $900 million to the selling stockholders. Additionally, pursuant to the stockholders agreement entered into on September 8, 2025, by and among the Company, trusts established for the benefit of each of Lachlan K. Murdoch, Grace Murdoch and Chloe Murdoch and his or her respective descendants and charitable organizations (collectively, the “LGC Family Trusts”) and LGC Holdco, LLC (“LGC Holdco”), which continues to hold approximately 36.2% of the Class B Common Stock subsequent to the offering described above, the Company paid fees and expenses incurred by the LGC Family Trusts and LGC Holdco related to certain filings under the Hart-Scott Rodino Act (HSR) in the aggregate amount of approximately $870,000.

| 18 |     | 2025 Proxy Statement |

PROPOSAL NO. 3: ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION

As required pursuant to Section 14A of the Exchange Act, the Company provides our stockholders the opportunity to vote, on an advisory, nonbinding basis, on whether to approve named executive officer compensation.

As described in detail in the “Compensation Discussion and Analysis,” the Compensation Committee seeks to closely align the interests of our named executive officers with the interests of the Company’s stockholders. The Company’s executive compensation program is designed to attract, retain and motivate top executive talent, and support both short-term and long-term value creation for stockholders.

The Board recommends that stockholders indicate their support for the Company’s compensation of its named executive officers. The vote on this resolution, commonly known as a “say on pay” resolution, is not intended to address any specific element of compensation but rather the overall named executive officer compensation program as described in this proxy statement. Although this vote is advisory and not binding on the Company or the Board, the Compensation Committee, which is responsible for developing and administering the Company’s executive compensation philosophy and program, will consider the results as part of its ongoing review of the Company’s executive compensation program.

Accordingly, we ask our stockholders to vote on the