Company: GGG
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052581
Chunk: 24

Company: GRACO INC
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 24
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 Committee concerning independence, and the Audit Committee has discussed with Deloitte & Touche LLP its independence. The Audit Committee has also received written material addressing Deloitte & Touche LLP’s internal quality control procedures and other matters, as required by the New York Stock Exchange listing standards. The Audit Committee has considered the effect of non-auditfees on the independence of Deloitte & Touche LLP and has concluded that such non-auditservices are compatible with the independence of Deloitte & Touche LLP. Based on these reviews and discussions, the Audit Committee recommended to our Board of Directors that the Financial Statements for the fiscal year ended December 27, 2024, be included in the Company’s 2024 Annual Report on Form 10-Kfor filing with the Securities and Exchange Commission.

| The Members of the Audit Committee                                    |
| Ms. Jody H. Feragen, Chair                                            |
| Ms. Heather L. Anfang     Mr. Archie C. Black     Mr. Brett C. Carter |
| Mr. Eric P. Etchart                                                   |

17 Graco Inc. 2025 Proxy Statement

Independent Registered Public Accounting Firm Fees and Services The following table sets forth the aggregate audit fees incurred by Graco and its subsidiaries from our Company’s independent registered public accounting firm, Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu and their respective affiliates (collectively, the “Deloitte Firms”), and the fees paid to the Deloitte Firms for services in the other fee categories during the fiscal years ended December 27, 2024 and December 29, 2023. The Audit Committee has considered the scope and fee arrangements for all services provided by the Deloitte Firms to our Company, taking into account whether the provision of non-auditservices is compatible with maintaining the Deloitte Firms’ independence. The Audit Committee pre-approved100% of the services described below.

|                       |     | Fiscal Year Ended 12/27/24 |     | Fiscal Year   Ended 12/29/23 |
| Audit Fees(1)         |     |                 $1,783,000 |     |                   $1,295,000 |
| Audit-Related Fees(2) |     |                   $264,000 |     |                            — |
| Tax Fees(3)           |     |                   $332,000 |