Graco’s Board Changes and Shareholder Approvals at Annual Meeting

Graco (GGG) has shared an update.

Graco Inc. announced key updates from its Annual Meeting held on April 26, 2024. Long-standing board members Lee R. Mitau and R. William Van Sant retired, with Mitau stepping down due to age-related retirement guidelines. Additionally, shareholders approved the Amended and Restated 2019 Stock Incentive Plan, which expands the number of shares available and extends the plan’s term. The meeting resulted in the election of three directors, the ratification of Deloitte & Touche LLP as the independent auditor, the approval of executive compensation, and endorsement of the incentive plan, reflecting shareholder confidence in the company’s governance and strategic incentives.

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