0001214659-20-003336.txt : 20200414 0001214659-20-003336.hdr.sgml : 20200414 20200414105929 ACCESSION NUMBER: 0001214659-20-003336 CONFORMED SUBMISSION TYPE: PX14A6G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200414 DATE AS OF CHANGE: 20200414 EFFECTIVENESS DATE: 20200414 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SONOCO PRODUCTS CO CENTRAL INDEX KEY: 0000091767 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD CONTAINERS & BOXES [2650] IRS NUMBER: 570248420 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: PX14A6G SEC ACT: 1934 Act SEC FILE NUMBER: 001-11261 FILM NUMBER: 20790331 BUSINESS ADDRESS: STREET 1: ONE NORTH SECOND ST STREET 2: P O BOX 160 CITY: HARTSVILLE STATE: SC ZIP: 29551-0160 BUSINESS PHONE: 8433837000 MAIL ADDRESS: STREET 1: ONE N. SECOND STREET CITY: HARTSVILLE STATE: SC ZIP: 29550 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Chevedden John CENTRAL INDEX KEY: 0001734335 FILING VALUES: FORM TYPE: PX14A6G MAIL ADDRESS: STREET 1: 2215 NELSON AVE., NO. 205 CITY: REDONDO BEACH STATE: CA ZIP: 90278 PX14A6G 1 j414200px14a6g.htm

Sonoco Products Company
Shareholder Alert
Voluntary submission by John Chevedden, POB 2673 , Redondo Beach, CA 90278.
Sonoco shareholder since 2017.

Need to Get Out the Vote for Proposals 4, 5 and 6

It is recommended that shareholders follow the management recommendation and vote for Proposals 4, 5 and 6 to make the corporate governance of Sonoco more democratic. It is important to emphasize voting in favor because these proposals require a high 67%-vote of all shares outstanding. Thus not voting is like a vote against.

Management does not appear to have made any extra effort to get out the high vote needed for these proposals in spite of potential shareholder distraction by COVID-19. Maybe management knows good news on the incoming votes or management wants these proposals to fail while saying otherwise.

Mr. James Micali chairs the Sonoco Corporate Governance Committee and is also the Sonoco Lead Director. Mr. Micali, with 17-years long tenure, was not on the Sonoco ballot in 2019 but Mr. Micali is on the 2020 ballot. Philippe Guillemot, on the Sonoco Audit Committee, was rejected by 22% of Sonoco shareholders at the 2019 annual meeting.

Proposals 4, 5 and 6 are a result of the majority vote that Sonoco shareholders gave to the 2019 Shareholder Proposal 5 – Simple Majority vote. This shows the strong leadership role that shareholder proposals have had at Sonoco.

Shareholder proposals also played a leadership role in Sonoco adopting annual election of each director in 2017 and shareholder proxy access in 2016.

Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934.*
*Submission is not required of this filer under the terms of the Rule, but is made voluntarily in the interest of public disclosure and consideration of these important issues.
This is not a solicitation of authority to vote your proxy. Please DO NOT send me your proxy card; the shareholder is not able to vote your proxies, nor does this communication contemplate such an event.

The shareholder asks all shareholders to vote for Proposals 4, 5 and 6 by following the instructions provided in the management proxy distribution.