DEFA14A: Dow Inc. Corrects TSR Calculation in Proxy Statement Supplement

Dow Inc. files a supplement to its 2024 proxy statement to correct an administrative error in the calculation of the S&P 500 Chemicals Index cumulative TSR returns for 2022 and 2023.

Summary

• Dow Inc. has issued a supplement to its definitive proxy statement filed on March 1, 2024.
• The supplement, dated March 5, 2024, addresses an error in the calculation of the S&P 500 Chemicals Index cumulative TSR returns for 2022 and 2023.
• The error was located in the TSR chart within the Pay Versus Performance disclosure on page 91 of the original proxy statement.
• The supplement replaces the incorrect TSR chart with a corrected version.
• All other information in the original proxy statement remains unchanged, unless specifically revised by the supplement.
• The supplement does not reflect events occurring after the date of the original proxy statement.

Sentiment

Score: 7

Explanation: The document is a routine correction of an administrative error, which is a neutral event. The company is taking steps to ensure accuracy, which is a positive sign.

Negatives

• An administrative error was identified in the original proxy statement regarding the calculation of the S&P 500 Chemicals Index cumulative TSR returns.

Future Outlook

The supplement does not provide any forward-looking statements beyond the correction of the TSR calculation.

Industry Context

The correction of the TSR calculation ensures accurate reporting of company performance relative to its peers in the S&P 500 Chemicals Index, which is important for investor confidence and executive compensation decisions.

Stakeholder Impact

• The correction ensures that shareholders have accurate information regarding the company's performance relative to its peers.

Key Dates

Keywords

Proxy Statement, TSR, Dow Inc., Supplement, Pay Versus Performance, S&P 500 Chemicals Index, Annual Meeting