CROWN HOLDINGS, INC.

Long-term CCK shareholders support transparency and accountability in corporate electoral spending. This includes any activity considered intervention in a political campaign under the Internal Revenue Code, such as direct and indirect contributions to political candidates, parties, or organizations, and independent expenditures or electioneering communications on behalf of federal, state, or local candidates.

A company’s reputation, value, and bottom line can be adversely impacted by political spending. The risk is especially serious when giving to trade associations, Super PACs, 527 committees, and “social welfare” organizations — groups that routinely pass money to or spend on behalf of candidates and political causes that a company might not otherwise wish to support.

A recent poll of retail shareholders by Mason-Dixon Polling & Research found that 83% of respondents said they would have more confidence investing in corporations that have adopted reforms that provide for transparency and accountability in political spending.

This proposal asks CCK to disclose all of its electoral spending, including payments to trade associations and 501(c)(4) social welfare organizations, which may be used for electoral purposes — and are otherwise undisclosed. This would bring our Company in line with a growing number of leading companies, including Celanese Corp., PPG Industries Inc., and International Paper Co., which present this information on their websites.

This proposal won impressive 48% CCK shareholder support at the 2024 CCK annual meeting. Given this excellent result it is amazing the total lack of response from CCK governance committee chairman since CCK now scores only 4 out of a possible score of 100 in the 2024 CPA-Zicklin Index: Appendix Ghttps://www.politicalaccountability.net/2024-russell-1000-index-data/ for political spending disclosure.

The Chairman of the CCK governance committee needs to answer for this dismal score after 48% shareholder support for making an improvement. It took much more CCK shareholder conviction to vote for the 2024 shareholder proposal than to reflexively go along with the Board’s opposition.