Company: AOS
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0001193125-25-037641
Chunk: 8

Company: SMITH A O CORP
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 8
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 Voting Trust. The Voting Trust has sole voting power, exercised by a majority of the three trustees, with respect to shares in the Voting Trust. Whenever beneficiaries of the Voting Trust possessing trust interests representing in the aggregate at least 75% of all the votes represented in the Voting Trust direct the sale of shares in the Voting Trust, the trustees must make the sale. If the trustees unanimously authorize a sale of shares in the Voting Trust, with the written consent of beneficiaries of the Voting Trust possessing trust interests representing in the aggregate a majority of all of the votes represented in the Voting Trust, the trustees may make the sale. The Voting Trust will exist until April 23, 2039, and thereafter for additional 30-year renewal periods unless earlier terminated by a vote of beneficiaries holding 75% or more of the votes in the Voting Trust or by applicable law. |

| 2 | Based on the Schedule 13G/A, The Vanguard Group filed with the SEC on February 13, 2024. The Vanguard Group has sole voting power over 0 shares, shared voting power over 140,642 shares, sole dispositive power over 13,840,445 shares and shared dispositive power over 413,468 shares. |

| 3 | Based on the Schedule 13G/A, BlackRock Inc. filed with the SEC on January 25, 2024. BlackRock Inc. has sole voting power over 8,940,984 and sole dispositive power over 10,074,034 shares. |

| 4 | Based on the Schedule 13G, State Street Corporation filed with the SEC on January 29, 2024. State Street Corporation, together with its subsidiaries, has shared voting power over 5,376,522 and shared dispositive power over 7,406,573 shares. |

Information on beneficial ownership is based upon Schedules 13D or 13G filed with the SEC and any additional information that any beneficial owners may have provided to us. The Smith family has a special interest in the long-term success of our company and their interest provides stability in the face of short-term market pressures and outside influences. As we celebrate over 150 years of our company’s existence, the Smith family has remained steadfastly committed to our company’s long-term success. The Smith family and other Class A Common stockholders have shepherded our company from its beginnings as an auto frame supplier, to a diversified manufacturer, and then to a leading global water technology company. In recent years,