US Foods shareholders approve key proposals

US Foods Holding Corp . (NYSE:USFD) announced the results of its annual meeting of stockholders held on May 22, 2025. The company, a leading foodservice distributor, disclosed in its 8-K filing with the Securities and Exchange Commission that all nominated directors were elected, executive compensation was approved, and Deloitte & Touche LLP was ratified as the independent auditor for fiscal year 2025.

The meeting saw a strong turnout with 219,917,528 shares represented, confirming a quorum. The eight director nominees were elected with a significant majority. Cheryl A. Bachelder received the highest number of affirmative votes at over 210 million, while Ann E. Ziegler, with over 204 million votes, had the highest number of votes cast against. InvestingPro analysis reveals that management has been actively engaging in share buybacks, demonstrating confidence in the company’s direction.

In an advisory vote, shareholders approved the named executive officer compensation, with over 202 million votes in favor. Additionally, the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year 2025 was ratified with over 218 million votes for the proposal.

A non-binding stockholder proposal to adopt a right to call a special stockholder meeting at a 15% aggregate ownership threshold was also approved, indicating shareholder support for increased engagement rights.

The company’s proxy statement, dated April 8, 2025, provided additional details on these proposals. This report is based on the information provided in the SEC filing and does not contain any opinions or recommendations.

In other recent news, US Foods Holding Corp. reported its first-quarter earnings for 2025, revealing a revenue of $9.4 billion, which marked a 4.5% increase year-over-year but slightly missed the forecast of $9.42 billion. The company’s adjusted earnings per share (EPS) came in at $0.68, just below the anticipated $0.70. Despite these minor shortfalls, US Foods reaffirmed its full-year guidance, projecting robust growth in adjusted EBITDA and EPS. UBS and BMO Capital Markets both raised their price targets for US Foods, with UBS setting a new target of $84 and BMO Capital Markets increasing theirs to $85, while maintaining a Buy and Outperform rating, respectively. Citi also initiated coverage on US Foods with a Buy rating and a price target of $95, citing the company’s strong position in the foodservice sector and its digital innovations. Meanwhile, CFRA raised its price target to $59 but maintained a Sell rating, expressing concerns about potential risks to the company’s outlook. These developments highlight US Foods’ strategic growth initiatives and market share gains, particularly in the independent restaurant and healthcare channels.

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