Mondelez adopts executive severance plan; shareholders elect all 10 directors
Mondelez International approved a severance plan for key executives on May 20, 2025, covering officers subject to Section 16 reporting rules and other designated employees. At its May 21, 2025 annual meeting, shareholders elected all 10 directors and rejected five shareholder proposals, so the company's board and proposed governance changes were unchanged by shareholder vote.
Key points
- Severance Plan for Key Executives approved May 20, 2025 by the People and Compensation Committee; benefits include 12 months of base salary in cash, subject to a release of claims
- At the May 21, 2025 annual meeting, 1,124,518,986 Class A shares (86.8% of outstanding) were represented
- All 10 director nominees were elected to one-year terms ending at the 2026 annual meeting
- Five shareholder proposals failed, including a flexible plastic packaging report (129,168,677 for, 857,201,525 against)
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 27, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.