Performance Food Group Company (PFGC) Proxy Filing summary

Executive summary

• Achieved significant milestones in fiscal 2025, including a market cap of $14 billion and $63.3 billion in net sales, with strong operational momentum across three segments.

• Expanded geographic reach through acquisitions of José Santiago (Puerto Rico) and Cheney Brothers (Southeast US), driving long-term sales and profit growth.

• Continued investments in warehouse capacity, fleet, safety, and sustainability, supporting innovation and operational excellence.

• Ended fiscal 2025 in a strong financial position, launching a new three-year financial plan focused on capital expenditures, leverage reduction, share repurchases, and M&A.

Voting matters and shareholder proposals

• Annual meeting scheduled for November 19, 2025, held virtually.

• Shareholders to vote on: election of 13 directors, ratification of Deloitte & Touche LLP as auditor for fiscal 2026, and a non-binding advisory vote on executive compensation.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of 13 nominees, with a majority independent and fully independent committees.

• Board practices include annual elections, majority voting, proxy access, right to call special meetings, and single class of voting stock.

• Lead Independent Director and executive sessions without management at all meetings.

• Board committees: Audit and Finance, Human Capital and Compensation, Nominating and Corporate Governance, Technology and Cybersecurity.

• Board evaluates governance practices and conducts annual self-evaluations.