Hershey amends bylaws to require independent board chair, adopt majority voting

HERSHEY CO

Chairman must be independent; CEO Michele G. Buck may remain Chairman while CEO.
Majority voting standard for uncontested elections: elected if FOR votes exceed AGAINST.
Director resignation policy: incumbent with more AGAINST than FOR must offer resignation; Board decides within 90 days.
Amendments effective March 4, 2025, aimed at governance best practices.

item 5.03 item 9.01

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