10/12/2022
P&G's 2022 Annual Meeting of Shareholders
P&G Shareholders Elect All 11 P&G Directors
Board Declares Quarterly Dividend
Rajesh Subramaniam, President and Chief Executive Officer of FedEx Corporation Newly Elected to P&G Board of Directors
Today P&G held our 2022 Annual Meeting of Shareholders. You can view today’s press release here, and results are summarized below, all according to preliminary voting results.
Board Elections and Proposals
P&G shareholders elected all 11 P&G Director nominees, including Mr. Subramaniam and 10 incumbent Directors, with each receiving more than 90 percent support according to preliminary voting results. P&G’s Board is comprised of eminently qualified individuals who bring seasoned judgment and a variety of skills and experiences with them into the boardroom. The elected Directors are also demographically diverse – 45% women and 45% multicultural – with a mix of tenure, age and industry experience. Learn more about our Board here.
The robust Director candidate assessment and selection process that our Board follows has resulted in the diverse set of active, capable and diligent Board members elected by P&G shareholder vote today.
Shareholders also passed both Board proposals. No shareholder proposals were on the ballot in 2022.
Dividend Declared
P&G’s Chairman of the Board, President and CEO Jon Moeller announced that the Board of Directors declared P&G's latest quarterly dividend of $0.9133 per share. P&G has been paying a dividend for 132 consecutive years since its incorporation in 1890 and has increased the dividend for 66 consecutive years.
Chairman’s Report on the Business
Jon also shared an address reinforcing the importance of P&G’s long-term strategic choices:
- a portfolio of daily-use categories where performance drives brand choice;
- superiority across product, package, brand communication, retail execution and value;
- productivity in all areas of cost and cash;
- constructive disruption in all facets of our operations; and
- a more agile, accountable and empowered organization.
He also discussed the four focus areas P&G is prioritizing to strengthen our strategy further:
- Supply Chain
- Environmental Sustainability
- Digital Acumen, and
- A Superior Employee Value Equation.
Jon closed the meeting by expressing his appreciation for shareholders' confidence and support and thanking those who have been long-term holders of P&G stock.
A replay of the webcast will be available at www.pginvestor.com/event.
See https://www.pginvestor.com/event for the Annual Meeting of Shareholders held October 11, 2022, the associated webcast presentation, definitions of non-GAAP measures and reconciliation to the most closely related GAAP measure, as well as cautionary information on forward-looking statements, which are based on current assumptions and subject to risks and uncertainties that may cause actual results to differ materially.
