Opening its proxy statement…Reading the pay tables…Finding what shareholders vote on…
Opening its proxy statement…Reading the pay tables…Finding what shareholders vote on…
SEBSeaboard Corp
Before its yearly shareholder meeting, a company sends out a proxy statement, filed with the SEC as a DEF 14A. It says what shareholders will vote on, who sits on the board, and how the top managers are paid, set against how the shares did. Here are the key parts of Seaboard's latest one. Open the full statement.
Shareholders meet on Apr 20, 2026 to vote. Anyone who owns shares on the record date can vote, usually online, even without attending.
Audit firm put forward for approval: KPMG LLP
Proxy statement filed Mar 6, 2026.
The chief executive was paid about 154× what the employee in the exact middle of the company's pay scale earned (the CEO pay ratio).
Each square is one typical employee's yearly pay; together they add up to the chief executive's. The red square is one employee for scale. Ratios vary a lot between industries: a company with many part-time or overseas workers has a lower middle wage.
“Steer to the median of the annual total compensation of all of Seaboard’s employees was 154 to 1.”
Titles as written in the statement. The board's recommendation is shown only where candor found it clearly stated.
Since 2022, companies must show their bosses' pay next to how shareholders did. Two pay figures are given: the pay the board set for the year (from the summary pay table), and “compensation actually paid”, which re-values share awards at today's share price, so it rises and falls with the stock and can even be negative. Tap a year.
Year to Dec 31, 2025 · chief executive: R. Steer
Pay set for the chief executive: $7.0M
Actually paid, re-valued: $5.0M
Other top managers, on average: $2.0M
$100 in its shares became: $149 (similar companies: $105)
Profit (net income): $501.0M
The measure it ties pay to (Operating Income): $239.0M
Read straight from the tagged “pay versus performance” table in the proxy statement. The $100 figures assume $100 was invested at the start of the first year shown, with dividends reinvested.