Sysco Corporation · NYSE:SYY
Sysco — Shareholder Meeting (October 2020)
13 slides from Sysco's shareholder meeting presentation, Oct 16, 2020
Slide 1: Sysco Stockholder Update Fall 2020
Sysco Stockholder Update Fall 2020
Slide 2: Forward Looking Statements
Forward Looking Statements Statements made in this presentation that look forward in time or that express management’s beliefs, expectations or hopes are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the
Slide 3: Global Leader in Food Service Distribution Undertaking a Bold Transformation
Global Leader in Food Service Distribution Undertaking a Bold Transformation to Differentiate Us From Our Competitors Sysco Today Transforming Our Business For the Future Accelerate Digital Platforms Improve Sysco Shop capabilities, deploy digital pricing tool, and expand effectiveness of sales tool
Slide 4: Our Response to COVID-19
Our Response to COVID-19 We have taken actions to protect the safety of our associates and customers, to ensure business continuity, and continue service to our customers Our Strategic Approach Supporting Employees, Customers & Communities Emerging From COVID-19 as a Stronger Industry Leader Acceler
Slide 5: Sysco is an Industry Leader
Jul-2020 71% 66% 36% Sysco is an Industry Leader Swift action, strategic transformation and financial flexibility have positioned Sysco for future success despite the unprecedented effects of COVID-19 History of Strong Sales Growth… Drives Long-term Stockholder Return1 3.6% 10-Year CAGR First U.S. C
Slide 6: New Leadership Built for Sysco's Next Chapter
New Leadership Built for Sysco’s Next Chapter Through a thoughtful succession process, the Board selected Kevin Hourican as Sysco’s next CEO Our Leadership Team Kevin Hourican (appointed February 2020) Chief Executive Officer Effective February 1st, 2020, Mr. Hourican was selected as the next Presid
Slide 7: Engaged, Diverse and Refreshed Board
Engaged, Diverse and Refreshed Board Our directors have deep and relevant expertise in our business, enabling them to contribute diverse and thoughtful viewpoints Stephanie Lundquist EVP and President of Food & Beverage, Target Kevin Hourican CEO and President, Sysco Daniel Brutto Former President o
Slide 8: 2020 Executive Compensation
2020 Executive Compensation Our executive compensation program seeks to align pay with performance and the interests of stockholders Component Detail FY20 Rationale Base Salary Generally targeted at or below market competitive levels Created a competitive pay mix with an appropriate balance between
Slide 9: Transitional Approach to Compensation for 2021
Transitional Approach to Compensation for 2021 In light of the impacts of COVID-19, we temporarily transitioned our compensation program to focus on near-term transformational goals Component Fiscal 2021 Base Salary Generally targeted at or below market competitive levels MIP Annual Incentive Award
Slide 10: 2025 CSR Goals Aligned With Sysco's Strategic Priorities
2025 CSR Goals Aligned With Sysco’s Strategic Priorities Elevating our business to become a more sustainable enterprise The Board’s Corporate Social Responsibility Committee conducted a robust materiality assessment to ensure we unlock the power of our associates, increase operational sustainability
Slide 11: Building A More Diverse Organization
D&I Performance Management Goals: Beginning in fiscal 2019, we began to require leaders, director level and above, to identify performance management goals for diversity & inclusion (D&I) Building A More Diverse Organization Diversity & Inclusion at Sysco We believe it is our fundamental responsibil
Slide 12: Prioritizing Sound Corporate Governance
Prioritizing Sound Corporate Governance Sysco’s robust governance practices drive accountability and board oversight Strong independent Lead Director role Annually elected Board Majority vote standard for director elections No dual-class stock Regular director evaluations Stockholder right to act by
Slide 13: Sysco
Sysco At the heart of food and service