Company: KHC
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001308179-25-000266
Chunk: 51

Company: Kraft Heinz Co
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 51
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 enhances “independent leadership, accountability, and oversight” and is a “governance strength.” And after all its recent flip- flopping, we think a policy to requireone should be adopted. KHC is clear that it only believes the CEO and Chair should be separate “at this time.” And while the Board may favor the ability to change its mind (without adequate explanation) year after year, we believe the best corporate governance structure results from stability and a firewall of independence between the Board and management. Plus, with the roles currently separated, now may be a particularly opportune time to adopt a policy. This would bring greater stability to the Board leadership structure and ensure oversight of the company continues being led by someone free from the insurmountable conflict of overseeing oneself. As Institutional Shareholder Services (ISS) says: “The chair of the board should ideally be an independent director, to help provide appropriate counterbalance to executive management.” RESOLVED: Shareholders ask the Board to adopt a policy, and amend the bylaws as necessary, to require the Board Chair position be held by an independent director. The policy may provide that (i) if a Chair ceases to be independent, the Board shall replace the Chair with a new, independent, Chair; (ii) compliance with this policy is waived if no independent director is available and willing to serve as Chair; and (iii) that the policy shall apply prospectively so as not to violate any legal obligation existing at its adoption. Thank you.

| 102 | 2025 Proxy Statement |

| Company  
 Overview |     | Voting  
 Roadmap |     | Stockholder 
 Engagement  |     | Our   
 Board |     | Governance |     | Director     
 Compensation |     | Beneficial 
 Ownership  |     | Executive    
 Compensation |     | Audit   
 Matters |     | Stockholder 
 Proposals   |     | Other       
 Information |     | Appendix A. 
 Non-GAAP    |

KRAFT HEINZ’S STATEMENT IN OPPOSITION The Board recommends that stockholders vote AGAINSTthis proposal for the reasons explained below. THE BOARD’S ROLE IN EVALUATING GOVERNANCE AND STRUCTURE Our Board has a fiduciary duty to act in the best interests of the Company and its stockholders. This includes determining the Board leadership structure that best serves those interests. The Board has not adopted a formal policy regarding the need to separate or combine the roles of Chair of the Board and CEO. The Board believes that its decision on leadership structure should be based on