# EDGAR Filing Document

**Accession Number:** 0002011641
**File Stem:** 0002011641-26-000032
**Filing Date:** 2026-5
**Character Count:** 20813
**Document Hash:** be75a04f1fc1e4651dccf460efd4e62b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002011641-26-000032.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0002011641-26-000032

**CONFORMED SUBMISSION TYPE**: SD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ferguson Enterprises Inc. /DE/
- **CENTRAL INDEX KEY:** 0002011641
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-HARDWARE & PLUMBING & HEATING EQUIPMENT & SUPPLIES [5070]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SD
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42200
- **FILM NUMBER:** 26979087

**BUSINESS ADDRESS:**
- **STREET 1:** 751 LAKEFRONT COMMONS
- **CITY:** NEWPORT NEWS
- **STATE:** VA
- **ZIP:** 23606
- **BUSINESS PHONE:** 757-874-7795

**MAIL ADDRESS:**
- **STREET 1:** 751 LAKEFRONT COMMONS
- **CITY:** NEWPORT NEWS
- **STATE:** VA
- **ZIP:** 23606

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

**FORM SD**

**SPECIALIZED DISCLOSURE REPORT**

**Ferguson Enterprises Inc.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware**<br>**(State or other jurisdiction of incorporation)**<br>**751 Lakefront Commons**<br>**Newport News, Virginia**<br>**(Address of principal executive offices)** | **001-42200**<br>**(Commission**<br>**file number)** | **38-4304133**<br>**(IRS Employer Identification number)**<br>**23606**<br>**(Zip code)** |
| **Pete Kennedy, Vice President Investor Relations, (757) 603-0111** | **Pete Kennedy, Vice President Investor Relations, (757) 603-0111** | **Pete Kennedy, Vice President Investor Relations, (757) 603-0111** |
| (Name and telephone number, including area code, of the person to contact in connection with this report) | (Name and telephone number, including area code, of the person to contact in connection with this report) | (Name and telephone number, including area code, of the person to contact in connection with this report) |
| Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies: | Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies: | Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies: |
| ☒ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2025. | ☒ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2025. | ☒ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2025. |

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**Section 1 – Conflict Minerals Disclosure**

**Item 1.01 Conflict Minerals Disclosure and Report**

**Conflict Minerals Disclosure**

As required by Rule 13p-1 under the Securities Exchange Act of 1934 (the "Rule"), Ferguson Enterprises Inc. (including its subsidiaries, the "Company") has filed this Specialized Disclosure Report ("Form SD") and Conflict Minerals Report. As provided by the Rule, this assessment was conducted on the relevant period of January 1, 2025 to December 31, 2025 (the "Reporting Period") and excluded products acquired by the Company manufactured or contracted to be manufactured after December 31, 2025. This Form SD and Conflict Minerals Report are publicly available on the Company's website at: corporate.ferguson.com/investor/financial-information/sec-filings. The content of any website referred to in this Form SD or the exhibit hereto is included for general information only and is not incorporated by reference herein.

**Item 1.02 Exhibit**

The Company's Conflict Minerals Report for the Reporting Period is filed as Exhibit 1.01 to this Form SD.

**Section 2 – Resource Extraction Issuer Disclosure**

**Item 2.01 Resource Extraction Issuer Disclosure and Report**

Not applicable.

**Section 3 – Exhibits**

**Item 3.01 Exhibits**

Exhibit 1.01 – <u>[Conflict Minerals Report as required by Items 1.01 and 1.02 of this Form](exhibit101conflictminerals.htm)</u>

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**SIGNATURES**

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| | | |
|:---|:---|:---|
| Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. | Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. | Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
|  | **Ferguson Enterprises Inc.** | **Ferguson Enterprises Inc.** |
| Date: May 14, 2026 | By: | /s/ William Brundage |
|  |  | Name: William Brundage |
|  |  | Title: Chief Financial Officer |

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## Exhibit 1.01

**Exhibit 1.01**

**Ferguson's 2025 Conflict Minerals Report**

Ferguson Enterprises Inc. (including its subsidiaries, the "Company") has included this Conflict Minerals Report (this "Report") as an exhibit to Form SD for the reporting period from January 1, 2025 to December 31, 2025 (the "Reporting Period"), as provided for in Rule 13p-1 under the Securities Exchange Act of 1934 (the "Rule"). Unless the context indicates otherwise, the terms "Company," "we," "us" and "our" refer to Ferguson Enterprises Inc. and its consolidated subsidiaries.

**Overview and Conclusion**

This Report provides a description of the measures that the Company has taken to determine the origin of columbite-tantalite (also known as coltan), cassiterite, wolframite, gold and their derivatives tantalum, tin and tungsten ("conflict minerals" or "3TG") that were necessary to the functionality or production of products that the Company may be deemed to have contracted to manufacture (the "Covered Products") during the Reporting Period.

The Company's due diligence efforts indicate that most of its suppliers do not source 3TG from the Democratic Republic of the Congo or the adjoining countries of Angola, Burundi, Central African Republic, Republic of Congo, Rwanda, South Sudan, Tanzania, Uganda and Zambia (the "Covered Countries"), although one supplier indicated that it may have supplied 3TG originated from Covered Countries during the Reporting Period. As further described below, the Company has no reason to believe that the Covered Products were produced with 3TG sourced from smelters or refiners ("SORs") that directly or indirectly financed or benefited armed groups within the Covered Countries.

**In-scope Product Determination**

The Company evaluated the application of the terms "manufacture" and "contract to manufacture" (as used in the Rule) as they relate to the Company's products, including products over which the Company may have specific influence in the manufacturing process and so may be products the Company is deemed to have "contracted to manufacture." Working with leaders in the product development department, the Company determined it may have specific influence in the manufacturing process of, and therefore be deemed to have "contracted to manufacture," certain products. A total of 191 suppliers were identified as providing Covered Products during the Reporting Period and were contacted as part of the Company's conflict minerals due diligence process.

**Reasonable Country of Origin Inquiry**

The Company identified the suppliers of the Covered Products and conducted a good faith reasonable country of origin inquiry ("RCOI").

The Company does not directly source minerals from SORs or mines. The supply chain is complex and there are intermediaries between the Company and mines from which participants in the supply chain source minerals. As a result, the Company must rely on its direct vendors and suppliers for information relating to the 3TG in the products sourced from them, who in turn often similarly rely on their own vendors and suppliers as they too are often far removed from the actual source of any 3TG. The Company conducts regular diligence with vendors and requests information about the provenance of the raw materials following the Organization for Economic Cooperation and Development's ("OECD") Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and accompanying Supplements (the "OECD Guidance") to seek to ensure the sanctity of our supply chain.

The Company's RCOI consisted of multiple rounds of correspondence with its suppliers and vendors. We first sent a letter to the suppliers of our Covered Products describing the Company's conflict minerals program. We also included a conflict minerals Frequently Asked Questions ("FAQ") document which was translated into several languages. The FAQ document addressed potential questions about conflict minerals, the Rule, and the Company's process for adhering to the Rule.

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The Company then sent a DocuSign envelope to the suppliers containing an electronic declaration letter requesting confirmation of whether the products they supplied during the Reporting Period contained any conflict minerals. For those who responded that the products supplied did not contain conflict minerals, we required no further action. Suppliers who responded that their products do contain conflict minerals were then required to submit a Conflict Minerals Reporting Template ("CMRT"), developed by the Responsible Minerals Initiative ("RMI").

Suppliers who failed to respond to the initial request received weekly reminders. Those who remained unresponsive for more than one month's time were then contacted by our sourcing managers who maintain direct relationships with these suppliers. The suppliers were urged to respond in a timely manner.

As a result of the RCOI, one supplier indicated on its CMRT that it is "Unknown" whether its SORs source 3TG from Covered Countries. Therefore, the Company conducted further due diligence on the source and chain of custody of 3TG from that one supplier. Of note, some suppliers' responses covered the "company level" instead of the specific products supplied to the Company.

**Due Diligence Design**

Following completion of the RCOI, we proceeded to the due diligence process to determine the source of any 3TG in the Covered Products. We conducted a due diligence process based on the OECD Guidance.

The OECD Guidance established a five-step framework for due diligence as a basis for responsible global supply chain management of minerals from conflict-affected and high-risk areas. This framework consists of the following elements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.Establish strong company management systems;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Identify and assess risk in the supply chain;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Design and implement a strategy to respond to identified risks;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.Carry out independent third-party audit of supply chain due diligence at identified points in the supply chain; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.Report on supply chain due diligence.

**Step 1 – Establish Strong Company Management Systems**

The Company's Conflict Minerals program is under the leadership of senior management, to whom the working group provides updates regarding the program results. The dedicated cross-functional working group works closely with various internal departments and external suppliers to manage the process of supply chain due diligence to fulfill the Company's 3TG reporting and disclosure requirements. This working group engages with key stakeholders both internally and externally, conducts training, collects and analyzes data, and evaluates 3TG risks to establish the chain of custody and/or traceability of upstream actors, products and materials in the Company's supply chain.

The Company is committed to sourcing materials from socially responsible suppliers, including certified/conflict-free SORs within the Covered Countries and SORs that source responsibly from conflict-affected and high-risk areas. The Company maintains a Supplier Code of Conduct, which is publicly available on the Company's website at corporate.ferguson.com on the Sustainability tab under Company Policies Related to Sustainability. Accordingly, we expect our suppliers to provide the information requested by the Company related to the use of conflict minerals in products supplied to the Company.

**Step 2 – Identify and Assess Risk in the Supply Chain**

The Company established an internal Conflict Minerals Due Diligence and Reporting Standard Operating Procedure, which identified the roles of the working group. The working group met with representatives from various departments within the Company, identified product groups for which 3TG may be necessary to the functionality or production, as described above, and mapped the products within these product groups to their respective suppliers in our supply chain. Following this initial evaluation, 191 suppliers received a notification describing the Company's

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Conflict Minerals program requirements, a conflict minerals FAQ document, and a link to the conflict minerals declaration request.

Thereafter, suppliers who indicated the inclusion of 3TG in the products they supply to the Company were required to submit a CMRT, which was used to solicit information about the 3TG, including but not limited to, the mine or location of origin of such 3TG.

The Company received declarations from all suppliers and received CMRT responses from all suppliers who indicated the inclusion of 3TG in the products they supply to the Company, or 100% of the population of suppliers surveyed.

**Step 3 - Design and Implement a Strategy to Respond to Identified Risks**

The working group evaluated all CMRT responses for accuracy and consistency. Additionally, the working group contacted suppliers to address issues with the accuracy of their statements regarding the lack of presence of 3TG in their in-scope products, incomplete data, or non-identification of a SOR. For each SOR identified, the working group determined whether the SOR was certified as "compliant" or the equivalent by the RMI (referred to as "Conformant").

The working group reported the findings of the conflict minerals due diligence as outlined in this Report to the Chief Legal Officer & Corporate Secretary and supply chain senior leadership.

**Step 4 - Carry Out Independent Third-Party Audit of Supply Chain Due Diligence at Identified Points in the Supply Chain**

In connection with our due diligence, we utilized information made available by the RMI (which administers the Responsible Minerals Assurance Process), the London Bullion Market Association ("LBMA"), and the Responsible Jewellery Council ("RJC") concerning third-party audits of smelters and refiners.

**Step 5 - Report on Supply Chain Due Diligence**

The Company annually reports the results of its supply chain due diligence by filing the Form SD and this Report with the Securities and Exchange Commission.

**Results of Due Diligence Performed**

A total of 191 suppliers were identified as providing Covered Products during the calendar year ending December 31, 2025, and were contacted as part of the Company's conflict mineral process. The response rate among these suppliers was one hundred percent (100%). A total of 10 suppliers indicated that 3TG is contained in the products provided to the Company and provided CMRTs accordingly.

Nine of the suppliers indicated on their CMRTs that none of the 3TG was sourced from Covered Countries or conflict-affected and high-risk areas ("CAHRAs"). One of the suppliers indicated on its CMRT that it is "Unknown" whether its SORs source 3TG from Covered Countries or from CAHRAs.

Eight suppliers, including the supplier that indicated on its CMRT that it is "Unknown" whether its SORs source 3TG from Covered Countries or from CAHRAs, listed only SORs that are certified as Conformant by the RMI. Of the two suppliers that did not exclusively list RMI Conformant SORs, one reported that 100% of the 3TG originates from recycled or scrap sources and therefore did not list any SORs on its CMRT. The other supplier listed one SOR that, as of April 1, 2026, was not recognized as Conformant by the RMI, although it appeared on the RMI Conformant Tin Smelter List as recently as April 2025. Such SOR, however, is not located in a Covered Country or a CAHRA.

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The Company conducted further investigation of the SORs for the 10 suppliers indicating that 3TG is contained in the products they provide to the Company, and we believe that the facilities that may have been used to process their 3TG include the 18 SORs listed in Attachment A.

Based on the due diligence described above, the Company has no reason to believe that the Covered Products were produced with 3TG sourced from SORs that directly or indirectly financed or benefited armed groups within the Covered Countries.

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**Attachment A**

The table below lists the SORs that were identified by the suppliers we surveyed through their CMRTs and that are, as of April 1, 2026, listed on the RMI's list of known SORs. This list includes the Metal, SOR Name, Smelter Facility Location, Smelter ID, and RMI Audit Status. It may be the case that not all the SORs listed in CMRTs that we received have processed 3TG necessary for the Company's Covered Products, since approximately 70% of the suppliers responding reported their CMRT at a "company level." In addition, this list may include reported SORs that were not in the Company's supply chain due to the over-inclusiveness of the information received. The SORs listed below may not include all the SORs in the Company's supply chain, since two of the suppliers indicated that they received information regarding their supply chain from less than 100% of their own suppliers, and therefore may not have identified all SORs in their supply chain.

\*RMI Audit Status is as of April 1, 2026. For purposes of this table: "Conformant" denotes that the SOR participates in the RMAP and has been listed as Conformant by the RMI, which includes those SORs described as "re-assessment in progress"; "Conformant / Cross-Recognized" denotes that the SOR has been recognized as Conformant by the RMI pursuant to the mutual cross-recognition policy among the RMI, LBMA and RJC of independent, third-party audits of gold refiners; and "Eligible" denotes that the SOR can be assessed against the applicable RMI standards. SOR status reflected in this Attachment is based solely on information made publicly available by the RMI, without independent verification by the Company.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Metal** | **Smelter or Refiner Name** | **Location of Smelter or Refiner** | **Smelter ID** | **RMI Status** |
| Tungsten | Hunan Jintai New Material Co., Ltd. | CHINA | CID000769 | Conformant |
| Tungsten | Xiamen Tungsten Co., Ltd. | CHINA | CID002082 | Conformant |
| Tungsten | Ganzhou Seadragon W & Mo Co., Ltd. | CHINA | CID002494 | Conformant |
| Tin | Alpha Assembly Solutions Inc | UNITED STATES OF AMERICA | CID000292 | Conformant |
| Tin | Gejiu Non-Ferrous Metal Processing Co., Ltd. | CHINA | CID000538 | Conformant |
| Tin | China Tin Group Co., Ltd. | CHINA | CID001070 | Conformant |
| Tin | PT Timah Tbk Kundur | INDONESIA | CID001477 | Conformant |
| Tin | PT Timah Tbk Mentok | INDONESIA | CID001482 | Conformant |
| Tin | Rui Da Hung | TAIWAN, PROVINCE OF CHINA | CID001539 | Conformant |
| Tin | Thaisarco | THAILAND | CID001898 | Conformant |
| Tin | Yunnan Chengfeng Non-ferrous Metals Co., Ltd. | CHINA | CID002158 | Eligible |
| Tin | Tin Smelting Branch of Yunnan Tin Co., Ltd. | CHINA | CID002180 | Conformant |
| Tin | PT Bangka Prima Tin | INDONESIA | CID002776 | Conformant |
| Gold | Argor-Heraeus S.A. | SWITZERLAND | CID000077 | Conformant / Cross-Recognized |
| Gold | Heraeus Metals Hong Kong Ltd. | CHINA | CID000707 | Conformant / Cross-Recognized |
| Gold | Matsuda Sangyo Co., Ltd. | JAPAN | CID001119 | Conformant / Cross-Recognized |
| Gold | Sumitomo Metal Mining Co., Ltd. | JAPAN | CID001798 | Conformant / Cross-Recognized |
| Gold | Tanaka Kikinzoku Kogyo K.K. | JAPAN | CID001875 | Conformant / Cross-Recognized |

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