Results of 2017 Annual Meeting of Shareholders

The Procter & Gamble Company (NYSE: PG) today announced that, based on a preliminary vote count provided by its proxy solicitors following the Company’s 2017 Annual Meeting of Shareholders, shareholders have voted to elect all 11 of P&G’s highly qualified Directors to the P&G Board: Francis S. Blake, Angela F. Braly, Amy L. Chang, Kenneth I. Chenault, Scott D. Cook, Terry J. Lundgren, W. James McNerney, David S. Taylor, Margaret C. Whitman, Patricia A. Woertz, and Ernest Zedillo. Nelson Peltz of Trian was not elected to the Board.

P&G’s Board and management team thank P&G shareholders for their support, input and participation throughout the proxy contest. We are encouraged that shareholders recognize P&G is a profoundly different, much stronger, more profitable Company than just a few years ago. The changes the Company has made are broad based and delivering results. We look forward to continuing our transformation journey. We are committed to meeting the needs of consumers with our brands and products, and to creating value for P&G shareholders.

The results of the vote announced today are considered preliminary until final results are tabulated and certified by the independent Inspector of Elections. Final results will be reported on a Form 8-K that will be filed with the U.S. Securities and Exchange Commission, at which time they will become available on www.pginvestor.com/ and www.sec.gov.

FAQs Regarding Results

When will we see the final vote tally?

The results of the Annual Meeting with be filed with the SEC following the tabulation and certification of votes by the independent inspector of elections, which is expected in several weeks.

Which shareholders supported Nelson Peltz?

Shareholder voting information is confidential unless made public by the shareholder itself.

A Winning Plan that is Working and Delivering Results

We are implementing significant productivity improvements to fuel growth and substantially simplify our organization. We are on the right track and returning value to shareholders. Read more about our progress and our winning plans in the sections below.

Our Own Powerful Agents of Change

View the message David S. Taylor
Chairman of the Board,
President and Chief Executive Officer

View Message

P&G’s Winning Total Shareholder Return

Our fiscal 2017 results demonstrate that the actions we have taken and the plan we have in place are working. Since the CEO transition on November 1, 2015, our team has delivered total shareholder return (“TSR”) that outperformed the S&P 500 and is well above the vast majority of peers throughout that same time period. Now is the time to build on our momentum and prevent anything from derailing the work that is delivering improvement.

*Market data as of September 6, 2017. P&G Peers include Beiersdorf, Church & Dwight, Clorox, Colgate-Palmolive, Edgewell Personal Care, Henkel, Kimberly-Clark, L’Oréal, Reckitt Benckiser, Unilever.

The TSR for “Peltz Serving on Board” is a weighted average based on the market capitalization of Madison Square Garden, Mondelez, Sysco and Wendy’s. “S&P Consumer Staples Index” and “S&P 500 Index” represent the TSR of indices maintained by Standard & Poor’s, that are weighted based on the market capitalization of the index constituents. The TSR for “P&G Peers” is a simple average, which follows the same methodology utilized by Trian in its measurement of the same peer constituency in its presentation filed with the SEC on July 17, 2017.

Now is the time to build on our momentum and prevent anything from derailing the work that is delivering improvement.

We met or exceeded each of our going-in objectives for the Fiscal Year 2017 in a challenging macro and competitive environment. We made significant progress on our key priorities ... now is the time to accelerate our efforts to execute and deliver on the plans we've put into action.”

David Taylor, P&G Chairman, President & Chief Executive Officer