Sysco 2014 Annual Report Download - page 107

Corporate Offices
Sysco Corporation
1390 Enclave Parkway
Houston, TX 77077-2099
281.584.1390
www.sysco.com
Annual Shareholders’ Meeting
The Houstonian Hotel
111 North Post Oak Lane
Houston, TX 77024
November 19, 2014, at 10:00 a.m.
Independent Accountants
Ernst & Young LLP
Houston, TX
Transfer Agent & Registrar
American Stock Transfer
& Trust Company, LLC
6201 15th Avenue
Brooklyn, NY 11219
1.888.CALLSYY (1.888.225.5799)
www.amstock.com
Investor Contact
Derrick Vializ
Vice President, Investor Relations
281.584.1308
Common Stock and
Dividend Information
Sysco’s common stock is traded on the
New York Stock Exchange under the
symbol“SYY.” The company has paid
quarterly cash dividends on its com-
mon stock since itsfounding as a pub-
lic company in 1970 and has increased
the dividend 45 times in that period.
The current quarterly cash dividend is
$0.29 per share.
Dividend Reinvestment Plan with
Optional Cash Purchase Feature
Sysco’s Dividend Reinvestment Plan
provides a convenient way for share-
holders of record to reinvest quarterly
cash dividends in Sysco shares auto-
matically, with no service charge or
brokerage commissions.
The Plan also permits registered share-
holders to invest additional money to
purchase shares. In addition, certificates
may be deposited directly into a Plan
account for safekeeping and may be
sold directly through the Plan for a
modest fee.
Shareholders desiring information about
the Dividend Reinvestment Plan with
Optional Cash Purchase Feature may
obtain a brochure and enrollment form
by contacting the Transfer Agent &
Registrar, American Stock Transfer &
Trust Company at 1.888.225.5799.
Forward-looking Statements
Statements made herein that look forward in time or that express management’s beliefs,
expectations or hopes are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the views
of management at the time such statements are made and are subject to a number of risks,
uncertainties, estimates, and assumptions that may cause actual results to differ materially
from current expectations. These statements include our plans and expectations regarding our
business transformation and strategic initiatives, growth and market opportunities, our talent
management process, the conversion of our operating companies, and the proposed merger
with US Foods, including the expected benefits and anticipated completion of such merger.
The success of our business transformation and strategic initiatives are subject to the general
risks associated with our business, including the risks of interruption of supplies due to lack of
long-term contracts, severe weather, crop conditions, work stoppages, intense competition,
technology disruptions, dependence on large regional and national customers, inflation risks,
the impact of fuel prices, adverse publicity, and labor issues. Risks and uncertainties also
include risks impacting the economy generally, including the risks that the current general
economic conditions will deteriorate, or consumer confidence in the economy may not increase
and decreases in consumer spending, particularly on food-away-from-home, may not reverse.
We may be unable to successfully penetrate and grow our sales within targeted markets.
Ourability to meet our long-term strategic objectives to grow the profitability of our business
depends largely on the success of our Business Transformation Project. Periods of high infla-
tion, either overall or in certain product categories, can have a negative impact on us and our
customers, as high food costs can reduce consumer spending in the food-away-from-home
market, and may negatively impact our sales, gross profit, operating income and earnings.
Expanding into international markets presents unique challenges and risks, including compli-
ance with local laws, regulations and customs and the impact of local political and economic
conditions, and such expansion efforts may not be successful. Any business that we acquire
may not perform as expected, and we may not realize the anticipated benefits of our acquisi-
tions. The consummation of the merger with US Foods is subject to regulatory approval and
the satisfaction of certain conditions, and we cannot predict whether the necessary conditions
will be satisfied or waived and the requisite regulatory approvals received. Sysco and US Foods
may be required to take certain actions to obtain regulatory approval for the merger, including
the divestiture of assets, which could negatively impact the projected benefits of the merger.
For a discussion of additional risks that may impact these forward-looking statements and
Sysco’s business, please see the Risk Factors section of our Annual Report on Form 10-K for
the fiscal year ended June 28, 2014, which is included in this Annual Report. Sysco does not
undertake to update its forward-looking statements.
Additional Information for USF Stockholders
In connection with the proposed transaction, Sysco filed with the Securities and Exchange
Commission (“SEC”), and the SEC declared effective on August 8, 2014, a Registration
Statement on Form S-4 that includes a consent solicitation statement of USF that also
constitutes a prospectus of Sysco. STOCKHOLDERS OF USF ARE URGED TO READ THE
CONSENT SOLICITATION STATEMENT/PROSPECTUS CONTAINED IN THE REGISTRATION
STATEMENT AND OTHER RELEVANT MATERIALS FILED WITH THE SEC CAREFULLY AND
IN THEIR ENTIRETY, BECAUSE THESE MATERIALS CONTAIN IMPORTANT INFORMATION.
The consent solicitation statement/prospectus, Registration Statement and other relevant
materials, including any documents incorporated by reference therein, may beobtained
free of charge at the SEC’s website at www.sec.gov or for free from Sysco at www.sysco.com/
investors or by emailing [e-mail]. You may also read and copy
any reports, statements and other information filed by Sysco with the SEC at the SEC public
reference room at 100 F Street N.E., Room 1580, Washington, D.C. 20549. Please call the
SEC at [phone] or visit the SEC’s website for further information on itspublic
reference room.
This document shall not constitute an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solici-
tation or sale would be unlawful prior to the registration or qualification under the securities
laws of any such jurisdiction. No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Form 10-K and Financial Information
A copy of the fiscal 2014 Annual Report on Form 10-K, including the financial statements
andfinancial statement schedules, as well as copies of other financial reports and company
literature, may be obtained without charge upon written request to the Investor Relations
Department, Sysco Corporation, atthe corporate offices listed above, or by calling
281.584.2615. This information, which is included in this Annual Report, also may be
found onour website at www.sysco.com in the Investors section.
Shareholder Information