Peabody Energy (BTU) Proxy Filing summary

Executive summary

• Achieved $371 million in net income, $872 million Adjusted EBITDA, and $4.24 billion in revenue for 2024, despite declining commodity prices impacting margins and cash flows.

• Maintained a strong balance sheet with $700 million in cash and cash equivalents, resulting in a cash-positive net debt position.

• Returned $221 million to stockholders via share repurchases and dividends, while reinvesting in business operations.

• Advanced redevelopment of the Centurion Mine in Australia and announced a transformative acquisition of four Australian premium hard coking coal mines, expected to close soon.

• Set new company records in safety and environmental performance, including accident and severity rates and land reclamation.

Voting matters and shareholder proposals

• Stockholders will vote to elect eight directors for a one-year term, approve executive compensation on an advisory basis, and ratify Ernst & Young LLP as the independent auditor for 2025.

• Board recommends voting FOR all proposals.

• Proxy access rights and the right to call special meetings are available to stockholders.

Board of directors and corporate governance

• Board consists of eight members, seven of whom are independent; all directors are elected annually.

• Board committees include Audit, Compensation, Executive, Health, Safety, Security & Environmental, and Nominating & Corporate Governance, all chaired by independent directors.

• Board practices include annual evaluations, majority voting, limits on outside board service, and robust stock ownership requirements.

• Board diversity is considered in experience and perspectives, though not through a formal policy.

• Non-executive Chair and CEO roles are separated.