Withdrawal of Nominee for Election as Director
Nikki R. Haley, who joined the Board on April 29, 2019 and was included in the Notice and Proxy Statement as a nominee forre-election as a director at the Annual Meeting, submitted her resignation from the Board on March 16, 2020. As of such date, a variety of approaches were under discussion among policymakers in the administration and Congress, as well as in the private sector, to address the near-term liquidity needs of the aerospace, travel, and other sectors affected by the currentCOVID-19 crisis. Ambassador Haley informed the Board, that as a matter of philosophical principle, she does not believe that Boeing should seek support from the Federal Government, and therefore decided to resign from the Board. In light of this action, the Board amended Boeing’sBy-Laws to decrease the number of directors on the Board to 12. Therefore, the nomination of Ambassador Haley is withdrawn.
Proposed Change to Elect the 12 Remaining Director Nominees in Proposal 1
In light of Ambassador Haley’s resignation from the Board and the subsequent withdrawal of her name as a nominee forre-election to the Board, as well as the Board’s decision to decrease the number of directors on the Board to 12, Item 1 in the Notice and Proxy Statement now proposes to elect the 12 remaining director nominees named in the Proxy Statement to hold office until the next annual meeting of shareholders.
The Board Recommends that you Vote FOR each of the 12 Remaining Director Nominees
Boeing continues to have a strong mix of expertise, diversity and varying tenures among its Board nominees, and 11 of the 12 nominees are independent. In particular, with the addition to the Board of Admiral John Richardson and the nomination for election of Akhil Johri and Steven Mollenkopf, Boeing has supplemented the nominated Board’s safety, engineering, and aerospace expertise. The Board unanimously recommends a vote for each of the 12 nominees.
Voting Matters
If you have already voted, you do not need to take any action unless you wish to change your vote. Proxy voting forms already returned by shareholders will remain valid and will be voted at the Annual Meeting unless revoked.
Shares represented by proxy voting forms before the Annual Meeting will be voted for the directors nominated by the Board as instructed on the form, except that votes will not be cast for Ambassador Haley because she has resigned from the Board and is no longer standing forre-election. If you have not yet voted, please complete the proxy voting form or submit your voting instructions, disregarding Ambassador Haley’s name as a nominee for election as director.
None of the other agenda items presented in the Notice and Proxy Statement are affected by this Supplement, and shares represented by proxy voting forms returned before the Annual Meeting will be voted with respect to all other matters properly brought before the Annual Meeting as instructed on the form.
Information regarding how to vote your shares, or revoke your proxy or voting instructions, is available on page 78 of the Notice and Proxy Statement.