Fresh Del Monte Produce (FDP) Proxy filing summary

Executive summary

• Completed acquisition of select Del Monte Foods assets, reuniting the Del Monte brand under one organization and proposing a corporate name change to Del Monte Corporation.

• Achieved strong 2025 financial results: net sales of $4.32B, gross profit of $399M, net income of $91M ($178M adjusted), and significant margin improvements.

• Advanced sustainability initiatives, surpassing key environmental and social targets, including a 25% reduction in Scope 1+2 emissions and 2.8 million trees planted since 2016.

Voting matters and shareholder proposals

• Four proposals: (1) election of two directors for three-year terms, (2) ratification of Ernst & Young LLP as auditor, (3) advisory vote on executive compensation, and (4) approval of the Third Amended and Restated Memorandum and Articles of Association (including the name change).

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of eight directors, five of whom are independent; includes gender and ethnic diversity.

• Board committees: Audit, Compensation, and Governance, each with independent members and defined charters.

• Annual board and committee self-evaluations, director resignation policy, and robust independence standards.

• Lead independent director presides over executive sessions and serves as liaison between independent directors and the chair.