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PepsiCo Shareholders - Important information regarding your Proxy vote
PepsiCo shareholder WILL NOT be receiving their Proxy vote by mail this year. Instead, you should have received a postcard, giving instructions on how to vote online or to print a paper ballot for mailing.
If you are a PepsiCo shareholder, please vote FOR "Proxy Item #6." Voting for this ballot item holds PepsiCo publicly accountable for contributions to homosexual activist groups.
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The process is simple:
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You will need to enter the 11-digit control number located in the lower right hand corner of the Proxy postcard you received in the mail to vote.
The resolution is printed below and online here, page 63.
To vote online, click here.
You may also vote via phone by calling 1-866-580-9477.
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CHARITABLE CONTRIBUTIONS REPORT (PROXY ITEM NO.6)
Estella Salvatierra, 2739 Woodley Place NW, Washington, DC 20008-1518, who owns 255
shares of PepsiCo Common Stock, has submitted the following resolution for the reasons stated:
“Whereas, charitable contributions should enhance the image of our company in the eyes of
the public. Because there is no system of accountability for charitable contributions, Company
executives may use our Company’s assets for purposes that are not shared by and may harm the
interest of the Company, thereby potentially decreasing shareholder value.
Whereas, Company executives have allowed the Company’s assets to be given away to
organizations without providing details to shareholders on how those assets were actually used by the
organization. According to the 2007 PepsiCo Annual Report, Company executives gave away $74.8
million of the Company’s assets in 2007. Because there is no accountability on how the Company’s
charitable contributions are actually used, some of those assets may be misused and harm the value
of the Company’s stock.
Resolved: That the shareholders request the Company to provide a semiannual report,
omitting proprietary information and at reasonable cost, disclosing: the Company’s standards for
choosing which organizations receive the Company’s assets in the form of charitable contributions;
business rationale and purpose for each of the charitable contributions; personnel who participated in
making the decisions to contribute; the benefits to the Company and beneficiaries produced by
Company contributions; and a follow-up confirming that the organization actually used the contributions
for the purpose stated.
Supporting Statement
Current disclosure is insufficient to allow the Company’s Board and shareholders to evaluate
fully the proper use of corporate assets by outside organizations and how those assets should be
used, especially for controversial causes. For example, PepsiCo, Inc. is the leading corporate sponsor
of Parents, Families and Friends of Lesbians and Gays, Inc. (PFLAG).”
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