Company: SYY
Filing Date: 2025-10-02
Form Type: DEF 14A
Source: 0000096021-25-000147
Chunk: 17

Company: SYSCO CORP
Filing Date: 2025-10-02
Form: DEF 14A
Chunk 17
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 Lead Independent Director and (ii) extensive institutional knowledge as an experienced, respected leader on the Board, the Board, as recommended by the Governance Committee, has approved extending Mr. Glasscock’s service and requested that he stand for re-election at the Annual Meeting. Although the Board considers the current average independent director tenure of six years to be appropriate, it remains committed to deliberate Board refreshment and succession planning. DIRECTOR INDEPENDENCE Our Corporate Governance Guidelines (the “Guidelines”) require that at least a majority of our directors meet the criteria for independence that the NYSE has established for continued listing, as well as the additional criteria set forth in the Guidelines. A copy of our Guidelines can be found on our website at https://investors.sysco.com/corporate-governance/overview. Additionally, we require that all members of the Audit Committee, the CLD Committee, and the Governance Committee be independent, that all members of the Audit Committee satisfy the additional requirements of the NYSE and SEC rules, and that all members of the CLD Committee satisfy the additional NYSE requirements. The Board considers all relevant facts and circumstances in making its independence determinations. The Board has reviewed all relevant relationships between those individuals who served as a director at any time during fiscal year 2025 and Sysco. The relationships reviewed included any described below under “Certain Relationships and Related Person Transactions” and several relationships that did not automatically impair independence under the NYSE standards or our Guidelines, either because of the type of affiliation between the director and the other entity or because the amounts involved did not meet the applicable These additional relationships included the following, which were considered by the Board at the time it made its independence determinations: (1) Mr. Dibadj’s service as Chief Executive Officer of an asset management company that owns less than 5% of Sysco’s outstanding Common Stock based on its most recent public disclosure; (2) Mses. Golder, Paul and Talton and Messrs. Halverson, Hinshaw and Marques serve as directors of companies that have an existing customer or supplier relationship with the Company; (3) Mr. Halverson and Mses. Paul and Talton’s serve as directors of charitable organizations that are also customers of the Company; and (4) Mr. Hinshaw’s former service as an executive officer of a banking and financial services organization that provides commercial lending services to Sysco and his service as a director of a supplier of Sysco. After reviewing this information, the Board has determined that no