Company: FOX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001628280-25-042772
Chunk: 85

Company: Fox Corp
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 85
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 levels for our named executive officers were positioned well below the median of our compensation peer group in aggregate, which our Compensation Committee believes appropriately balances our need to recruit, retain and motivate our executives with our commitment to provide value to our stockholders.

| 2025 Proxy Statement |     | 53 |

PROPOSAL NO. 5: IMPROVE EXECUTIVE COMPENSATION PROGRAM

CEO Pay Ratio Is Not a Meaningful Metric for Compensation Decisions

While the Compensation Committee reviews the CEO pay ratio disclosure annually, it does not consider the ratio a meaningful or appropriate factor in setting executive compensation. The CEO pay ratio is subject to wide variation across companies due to differences in industry, geographic footprint, employee mix, and calculation methodologies. As a result, it is not a comparable benchmark for compensation design or evaluation.

Stockholders Continue to Strongly Support Our Program

Our stockholders have demonstrated consistent and strong support for our executive compensation practices. Over the past five years, our annual “Say-on-Pay” proposal has received an average of approximately 94% stockholder support. We maintain an active stockholder outreach program through which members of senior management and the Board regularly engage with stockholders for their input on the Company’s performance and other issues important to stockholders, including the pay of our named executive officers. The majority of investors share their appreciation for the work of our named executive officers, and historically, where investors have provided input on executive compensation, they have been supportive of our compensation program and practices.

The Compensation Committee will continue to consider feedback from, and engage with, stockholders, and monitor trends and developments to ensure that the Company’s compensation program remains competitively positioned for executive talent and aligned with the interests of our various stakeholders, including stockholders and employees. For the reasons discussed above, the Board does not believe adoption of the stockholder proposal is necessary or in the best interests of stockholders.

| The Board unanimously recommends a vote "AGAINST" the proposal to improve executive compensation program. |

| 54 |     | 2025 Proxy Statement |

PROPOSAL NO. 6: SIMPLE MAJORITY VOTE

In accordance with Exchange Act Rule 14a-8, set forth below is a proposal that was submitted to us by a stockholder proponent. The names of co-filing proponents, if any, and address and stock ownership of all proponents will be furnished by the Company to any person, orally or in writing as requested, promptly upon receipt of any oral or written request. The stockholders making these