Campbell's Files Proxy Materials for 2025 Shareholder Meeting

TL;DR

Campbell's filed their proxy statement for the 2025 shareholder meeting. Vote your shares!

AI Summary

Campbell's Co. filed a Definitive Additional Materials proxy statement (DEFA14A) on October 31, 2025, related to their 2025 Annual Meeting of Shareholders. This filing is an amendment to their proxy materials and does not involve a fee, as it was previously paid. The company, formerly known as Campbell Soup Co., is incorporated in New Jersey and headquartered in Camden.

Why It Matters

This filing is crucial for shareholders as it contains important information and proposals to be voted on at the upcoming annual meeting, influencing the company's governance and future direction.

Risk Assessment

Risk Level: low — This is a routine proxy filing for an annual shareholder meeting, not indicating any unusual financial distress or significant corporate events.

Key Players & Entities

• CAMPBELL'S Co (company) — Registrant
• Campbell Soup Co (company) — Former company name
• 0001193125-25-260798 (filing_id) — Accession Number
• 20251031 (date) — Filing Date
• NJ (state) — State of Incorporation
• CAMDEN (city) — Business Address City
• 08103 (zip_code) — Business Address Zip

FAQ

From the Filing

0001193125-25-260798.txt : 20251031 0001193125-25-260798.hdr.sgml : 20251031 20251031161115 ACCESSION NUMBER: 0001193125-25-260798 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20251031 DATE AS OF CHANGE: 20251031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAMPBELL'S Co CENTRAL INDEX KEY: 0000016732 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] ORGANIZATION NAME: 04 Manufacturing EIN: 210419870 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0803 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-03822 FILM NUMBER: 251440649 BUSINESS ADDRESS: STREET 1: CAMPBELL PL CITY: CAMDEN STATE: NJ ZIP: 08103 BUSINESS PHONE: 8563424800 MAIL ADDRESS: STREET 1: CAMPBELL PL CITY: CAMDEN STATE: NJ ZIP: 08103 FORMER COMPANY: FORMER CONFORMED NAME: CAMPBELL SOUP CO DATE OF NAME CHANGE: 19920703 DEFA14A 1 d47122ddefa14a.htm DEFA14A DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )   ☑ Filed by the Registrant ☐ Filed by a party other than the Registrant  CHECK THE APPROPRIATE BOX:   ☐ Preliminary Proxy Statement   ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))   ☐ Definitive Proxy Statement   ☑ Definitive Additional Materials   ☐ Soliciting Material under §240.14a-12 The Campbell’s Company (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant)  PAYMENT OF FILING FEE (CHECK ALL BOXES THAT APPLY):   ☑ No fee required   ☐ Fee paid previously with preliminary materials   ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 SUPPLEMENT TO PROXY STATEMENT RELATING TO 2025 ANNUAL MEETING OF SHAREHOLDERS On October 8, 2025, The Campbell’s Company (the “Company”) filed with the Securities and Exchange Commission its Definitive Proxy Statement on Schedule 14A (the “Proxy Statement”) for the Company’s 2025 Annual Meeting of Shareholders to be held on November 18, 2025. The Proxy Statement requests Company shareholders to vote upon a number of proposals, including Proposal 1, the election of twelve (12) director nominees to the Board of Directors (the “Board”), each for a one-year term. The Board recommended a vote FOR all of the director nominees in the Proxy Statement. On October 27, 2025, Institutional Shareholder Services Inc. (“ISS”) issued its proxy analysis and benchmark policy voting recommendations (the “Report”) in which it recommended a vote AGAINST the re-election of current director and Chair of the Company’s Compensation and Organization Committee, Marc B. Lautenbach, citing on page 14 of the Report, “consecutive years of high director pay” for current director and Board Chair, Keith R. McLoughlin, “without a reasonable rationale disclosed.” On October 29, 2025, ISS issued an update to the Report, noting, among other things, that although the Company’s Proxy Statement did provide rationale for Mr. McLoughlin’s compensation, the Proxy Statement did not specify additional responsibilities performed by Mr. McLoughlin that would justify such compensation. The first purpose of this supplement is to clarify that the Board committee responsible for overseeing director compensation is the Governance Committee and not the Compensation and Organization Committee, as discussed on pages 26 and 32 of the Proxy Statement. Mr. Lautenbach is Chair of the Compensation and Organization Committee while Archbold D. van Beuren is Chair of the Governance Committee. As a result, ISS’s recommendation for a vote against Mr. Lautenbach is misplaced. The second