DOCSLIB.ORG

2019 PROXY STATEMENT Table of Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2019 PROXY STATEMENT Table of Contents 2019 PROXY STATEMENT Table of Contents LETTER FROM OUR CHAIRMAN, PRESIDENT AND CEO AND INDEPENDENT LEAD DIRECTOR 4 Proxy Summary ..........................................................................................................................................................................................................................................................................................................................8 PROXY STATEMENT 12 CORPORATE GOVERNANCE 12 Board Leadership Structure ..................................................................................................................................................................................................................................................................................13 Board Refreshment ...........................................................................................................................................................................................................................................................................................................13 Stockholder Engagement .........................................................................................................................................................................................................................................................................................14 Board Meetings and Committees .................................................................................................................................................................................................................................................................14 Annual Board Self-Evaluation ..............................................................................................................................................................................................................................................................................16 Director Independence .................................................................................................................................................................................................................................................................................................16 Certain Relationships and Related Person Transactions ..............................................................................................................................................................................................17 Risk Oversight ...........................................................................................................................................................................................................................................................................................................................18 Code of Conduct ..................................................................................................................................................................................................................................................................................................................19 Compensation Consultants ...................................................................................................................................................................................................................................................................................20 BOARD OF DIRECTORS MATTERS 20 Election of Directors at 2019 Annual Meeting (Item 1) .....................................................................................................................................................................................................20 Board Composition ...........................................................................................................................................................................................................................................................................................................25 DIRECTOR COMPENSATION 32 Overview of Non-Employee Director Compensation ..........................................................................................................................................................................................................32 Directors Deferred Compensation Plan.................................................................................................................................................................................................................................................32 Equity-Based Awards to Non-Employee Directors ...............................................................................................................................................................................................................32 EXECUTIVE OFFICERS 35 Management Development and Succession Planning ....................................................................................................................................................................................................37 STOCK OWNERSHIP 38 Security Ownership of Officers and Directors ...............................................................................................................................................................................................................................38 Security Ownership of Certain Beneficial Owners ..................................................................................................................................................................................................................39 Stock Ownership Guidelines ................................................................................................................................................................................................................................................................................39 Stock Trading Restrictions .......................................................................................................................................................................................................................................................................................40 Employee, Officer and Director Hedging .............................................................................................................................................................................................................................................40 DELINQUENT SECTION 16(a) REPORTS 40 EQUITY COMPENSATION PLAN INFORMATION 40 COMPENSATION DISCUSSION AND ANALYSIS 41 Executive Summary ..........................................................................................................................................................................................................................................................................................................41 Philosophy of Executive Compensation Program ..................................................................................................................................................................................................................44 How Executive Pay is Established ................................................................................................................................................................................................................................................................46 What We Paid and Why – Compensation for NEOs ...........................................................................................................................................................................................................49 Executive Compensation Governance and Other Information .............................................................................................................................................................................59 REPORT OF THE COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE 60 EXECUTIVE COMPENSATION 61 Summary Compensation Table ........................................................................................................................................................................................................................................................................61 Grants of Plan-Based Awards ............................................................................................................................................................................................................................................................................63 Outstanding Equity Awards at Year-End ..............................................................................................................................................................................................................................................64 Option Exercises and Stock Vested ...........................................................................................................................................................................................................................................................66 Fiscal 2019 Nonqualified Deferred Compensation ................................................................................................................................................................................................................67
Load more

Recommended publications
  • SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542
    SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 NNN LEASED PROPERTY | FOR SALE SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 OFFERING SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER OFFERING SUMMARY Sales Price $819,000 Cap Rate 7.00% NOI $57,360 Property Overview Oldham Goodwin is pleased to present this NNN leased Sysco Foods Logistics Depot for your consideration. The property is strategically located on US Highway 281, on the north side of Edinburg, Texas and serves that part of the booming Texas Rio Grande Valley area. This facility has excellent visibility, access and exposure, with more than 44,174 vehicles per day. Seven (7) years remain on this absolute NNN lease with no landlord maintenance or other obligations required. Based in Houston, Texas, Sysco Corporation is the largest broad line food distributor in the world. The company is ranked number 54 in the Fortune 500 list of the largest US corporations by total revenue. Sysco operates approximately 330 distribution centers in more than 90 countries worldwide. SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 OFFERING SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER Investment Highlights • Seven (7) years remaining on corporate guaranteed lease Subject • Absolute NNN lease with no Landlord responsibilities • Excellent location in heart of the Rio Grande Valley • Strategically located on US Highway 281/Interstate 69C in the Edinburg/McAllen/ Pharr area • Visibility and exposure to over 44,000 vehicles per day on US Highway 281/ Interstate 69C • Sysco is the world’s leading global food service provider with a robust international network throughout 90 different countries SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 OFFERING SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER SYSCO LOGISTICS DEPOT 4415 North Highway 281 Edinburg, TX 78542 OFFERING SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER LEASE SUMMARY Tenant Sysco San Antonio, Inc.
    [Show full text]
  • Make a Big Impact Concordia College Matching Gift Program
    MAKE A BIG IMPACT CONCORDIA COLLEGE MATCHING GIFT PROGRAM Kurtz and Dobson Aera Energy Apex Galvanizing Corporation 3M Company (College and University Match) Aerojet Rocketdyne Apollo Surgical Industries 3i Group Plc Aetna Giving Campaign Aquarion Water Company 7-Eleven Canada Agilent Technologies(Higher Ed) ArcBest Corporation A.E. Staley Manufacturing Agilent Technologies, Inc. Ares Management LLC A.M. Briggs, Inc. Aimia Arkema, Inc. A.O. Smith Corporation Akzo Nobel Arlon A.W.G. Dewar Alacer Corporation Armtec Countermeasure (ARC) AAA Packaging Alaska Air Group, Inc. Armtec Defense Products Company ACB Alaska Division of SFS Seattle, Inc. Ashland Employee Giving Campaign ADPT (Adaptec) Corporation (acquired) Alcoa, Inc. Ashland Higher Ed Match Program AEGON USA Alexander & Baldwin - Cash Asian Foods (Kansas City) AGL Resources Alliance Data Asian Foods (St. Paul) AIBMR Life Sciences Alliance Energy Aspect Software, Inc ALPS Allstate Insurance Co. (Higher Ed) Asplundh Tree Expert Company ALPS Corporation Allstate Insurance Company Assembleon America, Inc. ALPS-Eastern (Richmond, VA) Alstom Power (Midlothian,VA only) Assured Guaranty Corporation AMD Advanced Micro Devices Altria Group AstenJohnson ANSYS Altura Energy AstraZeneca UK ARAG Ambac Financial Group, Inc. Athene USA ARLANXEO Canada Inc. Ameren Atlanta's Finest Foodservice ASHTA Chemicals AmeriGas Propane Atlantic Capital Bank ATL International LLC AmeriGas Atmos Energy Corporation AVISTA, Inc. American Color & Chemical, LLC Attorneys Liability Protection Society (former name) AXA Rosenberg American Electric Power Company Aurora Investment Management L.L.C. Abbott Foods, Inc. American Honda Motor Company (duplicate record) Auto-Owners Insurance Company (Academic Abbott Laboratories Matching Only) American Indemnity Financial Corporation Abbott Laboratories Auxitrol Company American Produce & Vegetable Company Acacia Federal Savings Bank Avecia OligoMedicines, Inc.
    [Show full text]
  • Sustainable Food & Agtech Market Update
    Sustainable Food & AgTech Market Update February 2019 Precision Software & Innovative Crop Science Sustainable Food Agriculture Sensing Farming About Greentech Capital Advisors Our mission is to empower companies and investors who are creating a more efficient and sustainable global infrastructure. We are purpose-built to ensure that our clients achieve success. We have deeply experienced bankers who are sector experts and understand our clients' industries and needs. We reach a vast global network of buyers, growth companies, asset owners and investors, and thereby provide clients with more ways to succeed through a deeper relationship network. We have directly relevant transaction experience which enables us to find creative structures and solutions to close transactions. We are an expert team of 65 professionals working seamlessly on our clients' behalf in New York, Zurich and San Francisco and through a strategic partnership in Japan. Our team of experienced bankers provides conflict-free advice and thoughtful, innovative solutions. Greentech Capital Advisors / 1 Sustainable Food & AgTech February 2019 News Selected Business > FrieslandCampina, a Dutch multinational dairy cooperative, has announced Developments that it will make 100% of its packaging recyclable by 2025 (FoodBev) > Recombinetics, a gene editing company specializing in agriculture and human therapeutics, spun off its agriculture business into a new company called Acceligen, which will focus on gene editing in animals to improve their overall health and resiliency to
    [Show full text]
  • Sysco Corporation Incoming Letter Dated July 15, 2013
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549-4561 DIVISION OF CORPORATION FINANCE September 20, 2013 Russell T. Libby Senior Vice President and General Counsel Sysco Co1p0ration 1390 Enclave Parkway Houston, TX 77077 Re: Sysco Co1p0ration Incoming letter dated July 15,2013 Dear Mr. Libby: This is in response to your letters dated July 15, 2013 and August 23, 2013 concerning the shareholder proposal submitted to Sysco by the International Brotherhood ofTeamsters General Fund We also have received a letter from the proponent dated August 2, 2013. Copies ofall ofthe correspondence on which this response is based will be made available on our website at httn://www.sec.gov/divisions/comfinlcf­ noaction/14a-8.shtml. For your reference, a briefdiscussion ofthe Division's informal procedures regarding shareholder proposals is also available at the same website address. Sincerely, Jonathan A. Ingram Acting ChiefCounsel Enclosure cc: Louis Malizia Assistant Director-Capital Strategies International Brotherhood ofTeamsters [email protected] September 20, 2013 Response ofthe Office of Chief Counsel Division of Corporation Finance Re: Sysco Corporation Incoming letter dated July 15, 2013 The proposal asks the board to adopt a policy that in the event ofa change of control, there shall be no acceleration ofvesting ofany equity award granted to any named executive officer as defined in Item 402 ofRegulation S-K, provided, however, that the board's compensation committee may provide that any unvested award will vest on a partial, pro rata basis. There appears to be some basis for your view that Sysco may exclude the proposal under rule 14a-8(i)(9).
    [Show full text]
  • Sysco Corporation, Et Al., ) ) Defendants
    Case 1:15-cv-00256-APM Document 190 Filed 06/26/15 Page 1 of 131 UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA ) Federal Trade Commission, et al., ) ) Plaintiffs, ) ) v. ) Civil No. 1:15-cv-00256 (APM) ) Sysco Corporation, et al., ) ) Defendants. ) ~~~~~~~~~~~~~~~~ ) MEMORANDUM OPINION Case 1:15-cv-00256-APM Document 190 Filed 06/26/15 Page 2 of 131 TABLE OF CONTENTS INTRODUCTION ......................................................................................................................... 1 BACKGROUND ........................................................................................................................... 3 I. The Foodservice Distribution Industry ............................................................................... 3 A. Overview ................................................................................................................. 3 B. Channels of Foodservice Distribution .................................................................... 4 I. Broadfine Distriln1tors ................................................................................ 4 2. .s:vstems Distributors ................................................................................... 6 3. Specialty Distributors ................................................................................. 7 4. Caslz~aml~Can:r and Cl11h S'torcs .............................................................. 7 C. Foodservice Distribution Customers .....................................................................
    [Show full text]
  • Vanguard Russell 1000 Index Funds Annual Report August 31, 2020
    Annual Report | August 31, 2020 Vanguard Russell 1000 Index Funds Vanguard Russell 1000 Index Fund Vanguard Russell 1000 Value Index Fund Vanguard Russell 1000 Growth Index Fund See the inside front cover for important information about access to your fund’s annual and semiannual shareholder reports. Important information about access to shareholder reports Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of your fund’s annual and semiannual shareholder reports will no longer be sent to you by mail, unless you specifically request them. Instead, you will be notified by mail each time a report is posted on the website and will be provided with a link to access the report. If you have already elected to receive shareholder reports electronically, you will not be affected by this change and do not need to take any action. You may elect to receive shareholder reports and other communications from the fund electronically by contacting your financial intermediary (such as a broker-dealer or bank) or, if you invest directly with the fund, by calling Vanguard at one of the phone numbers on the back cover of this report or by logging on to vanguard.com. You may elect to receive paper copies of all future shareholder reports free of charge. If you invest through a financial intermediary, you can contact the intermediary to request that you continue to receive paper copies. If you invest directly with the fund, you can call Vanguard at one of the phone numbers on the back cover of this report or log on to vanguard.com.
    [Show full text]
  • 2 0 2 0 P R O X Y S T a T E M E
    2020 PROXY STATEMENT Table of Contents LETTER FROM OUR CEO AND EXECUTIVE CHAIRMAN 4 PROXY STATEMENT 9 CORPORATE GOVERNANCE 10 Board Leadership Structure ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������12 Board Refreshment �����������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������12 Stockholder Engagement �����������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������13 Board Meetings and Committees �����������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������13 Annual Board Self-Evaluation ������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������15
    [Show full text]
  • Case 1:15-Cv-00256-APM Document 192 Filed 06/29/15 Page 1 of 131
    Case 1:15-cv-00256-APM Document 192 Filed 06/29/15 Page 1 of 131 UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA ) Federal Trade Commission, et al., ) ) Plaintiffs, ) ) v. ) Civil No. 1:15-cv-00256 (APM) ) Sysco Corporation, et al., ) ) Defendants. ) ---------------) MEMORANDUM OPINION Case 1:15-cv-00256-APM Document 192 Filed 06/29/15 Page 2 of 131 TABLE OF CONTENTS INTRODUCTION ....... ......... ................ ........................................ .. ............................... ............. .. 1 BACKGROUND ................... .. ........ .. ... .. ........ .. ............................................. .... ... ...... ... .. .. ...... .. ... 3 I. The Foodservice Distribution Industry ............................................................................... 3 A. Overview ................................................................................................................. 3 B. Channels ofFoodservice Distribution ................................... ................................. 4 1. Broadline Distributors ................................................................................ 4 2. Systen1s Distributors ................................................................................... 6 3. Specialty Distributors ................................................................................. 7 4. Cash-and-Cany and Club Stores ............................................................... 7 C. Foodservice Distribution Customers ........ ......... .. ............... .. ............................
    [Show full text]
  • 2021 Annual Report
    MARCH 31, 2021 2021 Annual Report iShares Trust • iShares Russell Top 200 ETF | IWL | NYSE Arca • iShares Russell Top 200 Growth ETF | IWY | NYSE Arca • iShares Russell Top 200 Value ETF | IWX | NYSE Arca • iShares Russell 1000 ETF | IWB | NYSE Arca • iShares Russell 1000 Growth ETF | IWF | NYSE Arca • iShares Russell 1000 Value ETF | IWD | NYSE Arca • iShares Russell 2000 ETF | IWM | NYSE Arca • iShares Russell 2000 Growth ETF | IWO | NYSE Arca • iShares Russell 2000 Value ETF | IWN | NYSE Arca The Markets in Review Dear Shareholder, The 12-month reporting period as of March 31, 2021 reflected a remarkable period of disruption and adaptation, as the global economy dealt with the implications of the coronavirus (or “COVID-19”) pandemic. As the period began, the response to the virus’s spread was well underway, and countries around the world instituted economically disruptive countermeasures. Stay-at-home orders and closures of non-essential businesses became widespread, many workers were laid off, and unemployment claims spiked, causing a global recession and a sharp fall in equity prices. As April 2020 began, stocks were near their lowest point since the beginning of the pandemic. However, a steady recovery began, as businesses started re-opening and governments learned to adapt to life with the virus. Equity prices continued to rise throughout the summer, fed by strong fiscal and monetary Rob Kapito support and improving economic indicators. Many equity indices neared or surpassed all-time highs late President, BlackRock, Inc. in the reporting period following the implementation of mass vaccination campaigns and passage of an additional $1.9 trillion of fiscal stimulus.
    [Show full text]