10/11/2023

P&G's 2023 Annual Meeting of Shareholders

P&G Shareholders Elect All 14 P&G Director Nominees

Board Declares Quarterly Dividend

Brett Biggs, former Executive Vice President and Chief Financial Officer of Walmart, Inc., Newly Elected to P&G Board of Directors

Today P&G held our 2023 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 14 P&G Director nominees, including Mr. Biggs and 13 incumbent Directors, with each receiving strong shareholder support according to preliminary voting results. P&G's Board is made up of skilled and experienced leaders who provide expert guidance and oversight informed by their unique personal and professional backgrounds. The elected Directors are diverse across gender, race and ethnicity with a mix of tenure, age and industry experience. Learn more about each one of our Board members 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 shareholders today.

Fourteen individual headshots of Procter and Gamble's board of directors are organized in two rows of seven. Each image is circular in shape and set against a dark blue background.

Company shareholders also voted today in favor of three Board proposals to ratify the appointment of P&G's independent registered public accounting firm, for an advisory vote on executive compensation and for an advisory vote on the frequency of future executive compensation votes. Shareholders voted against three shareholder proposals requesting a civil rights audit, an annual report on operations in China and a requirement for shareholder approval for certain future amendments to Company regulations.

Dividend Declared

P&G’s Board of Directors declared P&G's latest quarterly dividend of $0.9407 per share. P&G has been paying a dividend for 133 consecutive years since the Company’s incorporation in 1890 and has increased the dividend for 67 consecutive years.

An illustrated graphic features several facts, figures and a graph outlining the history and performance of Procter and Gamble's dividends.

Chairman’s Report on the Business

Chairman, President and CEO Jon Moeller shared an address reinforcing the importance of P&G’s strategy:

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.

Q&A Period and Closing

The open Q&A period gave us the opportunity to discuss and reinforce a wide variety of topics important to the shareholders of our Company.

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 of the Shareholders Meeting will be available on www.pginvestor.com/event.

See https://www.pginvestor.com/event for the Annual Meeting of Shareholders held October 10, 2023, 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.