Paccar (PCAR) investor relations material

Executive summary

• Annual Meeting scheduled for April 28, 2026, with both in-person and online participation options.

• Key agenda items: election of 12 directors, advisory votes on executive compensation and auditor ratification.

• Board recommends voting FOR all proposals.

• Shareholders of record as of March 3, 2026, are eligible to vote.

Voting matters and shareholder proposals

• Shareholders will vote on electing 12 directors for one-year terms, approving executive compensation (Say on Pay), and ratifying the independent auditors.

• Board recommends a vote FOR all director nominees and both advisory items.

• Shareholder proposals and director nominations for 2027 must be submitted by November 18, 2026.

Board of directors and corporate governance

• Board consists of 12 nominees, 75% of whom are independent under Nasdaq rules.

• Leadership structure includes an Executive Chairman, CEO, and independent lead director.

• Board committees: Audit, Compensation, Nominating and Governance, and Executive.

• Corporate governance documents and codes are available on the company website.

• Board diversity is emphasized, with written criteria for director selection including gender, heritage, and background diversity.