Company: DHR
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0000313616-25-000081
Chunk: 17

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 17
---
 of shareholders from 25% to 15%.

◦ Danaher’s Nominating & Governance Committee and Company management annually review Danaher’s governing documents, including the provisions regarding our shareholders' right to call a special meeting. In considering whether a modification to the provisions is warranted, we take into account the investor feedback that we solicit and receive on this topic as well as the annual meeting results. It was determined that the existing 25% threshold continues to strike an appropriate balance between avoiding waste of Danaher and shareholder resources on addressing narrow or special interests, while at the same time ensuring that shareholders holding a significant minority of our outstanding shares have an appropriate mechanism to call a special meeting if they deem it appropriate.

• A shareholder proposal requesting a report to shareholders on the effectiveness of the Company’s diversity, equity, and inclusion efforts.

◦ We have demonstrated that attracting, retaining and engaging a workforce with diverse skills, backgrounds and experiences is a strategic priority with active support from our Board and executives. After considering this, the annual meeting voting results and investor feedback, Danaher determined that the proponent’s request would be inefficient and costly without adding significant value to our shareholders.

| 2025 Notice of Annual Meeting and Proxy Statement |     | 26 |

Key Policies Aligning Company and Shareholder Interests

• Director and Executive Officer Stock Ownership Requirements.

◦ Under Danaher's stock ownership requirements for non-management directors, each director (within five years of their initial election or appointment) is required to beneficially own Danaher shares with a market value of at least five times their annual cash retainer (excluding the additional cash retainers paid to the committee chairs and the Lead Independent Director).

◦ Once a director has acquired a number of shares that satisfies such ownership multiple, such number of shares then becomes that director’s minimum ownership requirement (even if their retainer increases or the fair market value of such shares subsequently declines).

◦ Under the policy, beneficial ownership includes time-vesting restricted stock units ("RSUs") held by the director, shares in which the director or their spouse or child has a direct or indirect interest and phantom shares in the Non-Employee Directors’ Deferred Compensation Plan, but does not include shares subject to unexercised stock options or pledged shares. Each Danaher director is in compliance with the policy.

◦ We have also adopted stock ownership requirements for our executive officers; please see “Compensation Discussion and Analysis — Other Compensation Policies and Information — Stock Ownership-Related Policies.”