Sysco (NYSE:SYY) shareholders elected all 12 board nominees and approved proposals on executive compensation and the company’s auditor at the foodservice distributor’s 2026 annual meeting, according to preliminary voting results.
Chair and CEO Kevin Hourican also outlined three management priorities: meeting financial commitments, improving operating margins through an artificial intelligence-enabled transformation and preparing for the anticipated closure of the Jetro Restaurant Depot transaction by the end of the third quarter of the current fiscal year.
Hourican said the company is focused on a planned step-up in profit growth this fiscal year and profit growth going forward. He said Sysco has invested in technology and data infrastructure and is using AI to bring insights from that data to customer engagement at scale.
“Our customers and our colleagues will benefit from the actions we are taking, and our shareholders will be the net beneficiaries of the profitable market share we can capture,” Hourican said.
Shareholders Approve All Three Proposals
Jen Schott, Sysco’s executive vice president, chief legal officer and secretary, said preliminary results showed that all 12 nominees were elected to the board. Directors will serve one-year terms expiring at the 2027 annual meeting or until their successors are elected and qualified.
Shareholders also approved a nonbinding proposal on compensation paid to the company’s named executive officers and ratified the appointment of Ernst & Young LLP as Sysco’s independent registered public accounting firm for fiscal 2027.
Schott said approximately 85.6% of the 491,527,413 shares entitled to vote were present or represented by proxy. The company’s bylaws require 35% of eligible shares to be represented for a quorum.
Board Changes and Meeting Close
Hourican thanked Larry Glasscock for 16 years of board service, including his recent role as lead independent director. He also welcomed Jason Murray and Tom Ondrof to the board, citing Murray’s technology-driven supply chain and AI experience and Ondrof’s foodservice and financial leadership background.
After the formal business concluded, Hourican said there were no shareholder questions. The meeting was then adjourned.
About Sysco (NYSE:SYY)
Sysco Corporation is a food distribution company headquartered in Houston, Texas. Founded in 1969, it supplies food and related products to customers in the foodservice and hospitality industries. The company distributes fresh and frozen foods, meat, seafood, produce, dairy products, and pantry staples, as well as kitchen equipment, cleaning supplies, and other nonfood items. Its customers include restaurants, health care and educational facilities, lodging businesses, and other organizations that prepare and serve meals.
