Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 5

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 5
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 in the aggregate 10% or more of our outstanding shares may call a special meeting of shareholders |

| • | Comprehensive, ongoing succession planning for key executives by the board |

| • | Strong history of board refreshment designed to maintain balanced and varied board composition and tenure |

| • | Directors should not be nominated to stand for election after the earlier of attaining age 75 or completing 15 years of service |

| • | Board-level oversight of sustainability, including enhanced focus of Safety, Sustainability and Technology Committee on sustainability and related matters |

| • | Board-level oversight of human capital management, including initiatives related to culture and belonging |

| • | Annual board, director and standing committee evaluations (except for Executive Committee) |

| • | Nine of our 11 director nominees are independent directors under NYSE independence standards |

| • | All NYSE-required board committees are composed of 100% independent directors |

| • | Director overboarding policy in place aligned with the preferences and policies of many of our shareholders |

| • | Executive sessions of non-management directors at all regular board meetings |

| • | 100% aggregate attendance of incumbent directors at board and committee meetings in 2024 |

| • | Prohibition on hedging or pledging company stock |

| • | Robust share ownership guidelines for directors and officers |

| • | Active shareholder engagement with key members of management and our Lead Independent Director (see pages15and41for more detail) |

| • | Code of conduct applicable to directors and principal and executive officers supplements our code of conduct applicable to all employees |

| 4 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Proxy Statement Summary

Company Overview Sempra’s businesses invest in, develop and operate energy infrastructure in North America that provides regulated electric and gas services to customers in California and Texas and other energy services to customers globally. Our mission is to be North America’s premier energy infrastructure company. We are primarily focused on transmission and distribution investments, among other areas, that we believe are capable of producing stable cash flows and earnings visibility, with the goals of delivering safe, reliable and increasingly clean forms of energy affordably to consumers and increasing shareholder value.

| Sempra California and Sempra Texas                                                                                                                                                                                                            |     | Sempra Infrastructure                                                                                                                                                                                                                                                   |
| •We own regulated electric and natural gas utilities in California and hold significant interests in regulated electric utilities in Texas                                                                                                    
 •We expect our utility businesses to continue to require investments in critical transmission and distribution infrastructure and energy systems modernization and to remain focused on delivering