Skip to main content

BRISTOL MYERS SQUIBB CO

For the period ended Dec 31, 2024. Filed Mar 26, 2025.

View on SEC.gov

About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Dec 31, 2024 · Filed Mar 26, 2025

BMY$62.14-1.6%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits
Contents

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934 (Amendment No.)

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐ Preliminary Proxy Statement

☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

☒ Definitive Proxy Statement

☐ Definitive Additional Materials

☐ Soliciting Material under §240.14a-12

Bristol-Myers Squibb Company

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

☒ No fee required.

☐ Fee paid previously with preliminary materials.

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

Table of Contents

Message from Christopher S. Boerner, Board Chair and Chief Executive Officer1
Message from Theodore R. Samuels, Lead Independent Director2
Bristol Myers Squibb: The Story3
Who We Are: 2025 Director Nominees5
Our Board of Directors5
Item 1—Election of the Board of Directors8
How We Are Selected and Elected19
Majority Vote Standard and Director Resignation Policy19
Criteria for Board Membership19
Director Independence19
Director Succession Planning and Identification of Board Candidates20
Annual Evaluation Process22
How We Govern and Are Governed23
Director Orientation and Continuing Education23
Active Board Oversight of Our Governance23
Board’s Role in Strategic Planning and Risk Oversight23
Risk Assessment of Compensation Policies and Practices26
Meetings of Our Board & Director Engagement26
Annual Meeting of Shareholders27
Codes of Conduct27
Related Party Transactions28
Disclosure Regarding Political Activities29
Sustainability and Social Impact29
How We Are Organized33
Board Leadership Structure33
Committees of Our Board34
How to Communicate With Us38
We Value Input and Offer Many Means to Provide it38
Written Communication38
Proactive Shareholder Engagement38
Responsiveness to Shareholder Feedback39
How We Are Paid40
Compensation of Directors40
Message from Peter J. Arduini, Chair of the Compensation and Management Development Committee44
Compensation Discussion and Analysis45
Business Overview45
Executive Pay Program46
2024 Named Executive Officers47
2024 Business Results47
People and Culture49
Shareholder Engagement52
Executive Compensation Program Overview52
2024 Compensation Program – Named Executive Officers59
Compensation and Management Development Committee Report79
Tax Implications of Executive Compensation Program79
Executive Compensation Tables80
Pay Ratio95
Pay Versus Performance96
Tabular Disclosure of Pay Versus Performance96
Pay Versus Performance Comparative Disclosure99
Tabular Disclosure of Significant Financial and Non-Financial Performance Measures100
Item 2—Advisory Vote to Approve the Compensation of Our Named Executive Officers101
Equity Compensation Plan Information102
Item 3—Ratification of the Appointment of Independent Registered Public Accounting Firm103
Audit and Non-Audit Fees104
Pre-Approval Policy for Services Provided by our Independent Registered Public Accounting Firm104
Audit Committee Report105
Shareholder Proposals106
Item 4—Shareholder Proposal on Corporate Financial Sustainability106
Item 5—Shareholder Proposal on a Request to Cease DEI Efforts110
Voting Securities and Principal Holders113
Common Stock Ownership by Directors and Executive Officers113
Principal Holders of Voting Securities114
Insider Trading Policy and Policy on Hedging and Pledging114
Other Matters115
Advance Notice Procedures115
2026 Shareholder Proposals115
Availability of Corporate Governance Documents115
Frequently Asked Questions116
Exhibit A - Categorical Standards of IndependenceA-1
Meeting DetailsDate: May 6, 2025Time: 10:00 a.m. Eastern TimeLocation: Virtually
Your Vote is ImportantRegardless of the number of shares you own, your vote is important. If you do not attend the Annual Meeting to vote on the virtual meeting platform, your vote will not be counted unless a proxy representing your shares is presented at the meeting. To ensure that your shares will be voted at the meeting, please vote in one of these ways:
Go to www.proxyvote.com and vote via the Internet;
Call the toll-free telephone number (800) 690-6903 (this call is toll-free in the U.S.); or
Mark, sign, date and promptly return the enclosed proxy card in the postage-paid envelope.
If you do attend the Annual Meeting, you may revoke your proxy and vote your shares on the virtual meeting platform during the meeting.

Notice of Annual Meeting of Shareholders

Notice is hereby given that the 2025 Annual Meeting of Shareholders (the “Annual Meeting” or “2025 Annual Meeting”) will be held virtually on May 6, 2025, at 10:00 a.m. Eastern Time for the following purposes as set forth in the accompanying Proxy Statement:

1to elect to the Board of Directors the 11 persons nominated by the Board, each for a term of one year;
2to conduct an advisory vote to approve the compensation of our Named Executive Officers;
3to ratify the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for 2025;
4-5to consider two shareholder proposals, if presented at the meeting; and
6to transact such other business as may properly come before the meeting or any adjournments thereof.

Holders of record of our common and preferred stock at the close of business on March 14, 2025, will be entitled to vote at the meeting.

The Annual Meeting will be held in a virtual-only meeting format. To be admitted to the Annual Meeting, you will need to visitwww.virtualshareholdermeeting.com/BMY2025 and enter the 16-digit control number included on your Important Notice Regarding the Availability of Proxy Materials, on your proxy card, or on the instructions that accompanied your proxy materials. Guests may join the Annual Meeting in a listen-only mode, but they will not have the option to vote shares or ask questions during the virtual meeting. Once admitted, you may submit questions or vote during the Annual Meeting by following the instructions that will be available on the meeting website. You may log into the meeting platform beginning at 9:50 a.m. Eastern Time on May 6, 2025. To submit a question before the meeting, visitwww.proxyvote.com with your 16-digit control number and select the “Submit a Question for Management” option. To submit a question during the meeting, visitwww.virtualshareholdermeeting.com/BMY2025, enter your 16-digit control number and type your question into the “Ask a Question” field and click “Submit.” The company will provide direct and specific information to shareholder proponents on how they can present their shareholder proposals during the meeting.

By Order of the Board of Directors

Amy Fallone

Senior Vice President and Corporate Secretary

Dated: March 26, 2025

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.