Seaboard (SEB) Proxy Filing summary

Executive summary

• Annual meeting scheduled for April 28, 2025, to elect five directors and ratify KPMG LLP as independent auditors for 2025.

• Record date for voting is February 27, 2025; 971,055 shares outstanding, each with one vote.

• Seaboard is a controlled company, with over 73% of shares held by Ellen S. Bresky and related entities.

• Proxy materials and annual report are available online for shareholder review.

Voting matters and shareholder proposals

• Shareholders will vote on electing five directors and ratifying KPMG LLP as independent auditors.

• Board recommends voting for all director nominees and for auditor ratification.

• Shareholder proposals for the 2026 meeting must be submitted by November 7, 2025, for inclusion in proxy materials.

Board of directors and corporate governance

• Board consists of five directors, three of whom are independent under NYSE American standards.

• No nominating or compensation committee due to controlled company status; full board handles these functions.

• Board held seven meetings in 2024; all directors attended at least 75% of meetings.

• Board leadership is separated between Chairwoman (Ellen S. Bresky) and CEO (Robert L. Steer).