Pyxus International, Inc.

Tobacco • Consumer Defensive • Morrisville, NC, United States • PYYX (PNK)

919 379 4300 6001 Hospitality Court, Morrisville, NC 27560-2009, United States

Quarter: Q3 2025 Reported: August 14, 2025 Sentiment: Positive

Pyxus International, Inc., an agricultural company, engages in the sale of processed leaf tobacco in China, the United States, the United Arab Emirates, Belgium, Egypt, Indonesia, Turkey, and internationally. It is also involved in processing and shipping of tobacco to manufacturers of cigarettes and other consumer tobacco products; and produces flavor formulations, e-liquids, non-tobacco agricultural products, and related services. The company was formerly known as Old Holdco, Inc. Pyxus International, Inc. was founded in 1873 and is headquartered in Morrisville, North Carolina.

Analysis Summary

The Pyxus International, Inc. 2025 Annual Meeting of Shareholders, held on August 14, 2025, successfully addressed all submitted matters, demonstrating robust shareholder support for the company's governance structure. This filing is a corporate governance report and does not contain financial performance data, strategic initiatives, or forward-looking guidance typically found in an earnings call transcript.

**Detailed Shareholder Vote Outcomes:**

1. **Election of Directors**: All seven director nominees—John S. Alphin, Jamie J. Ashton, Patrick J. Bartels, Jr., Robert D. George, Cynthia P. Moehring, J. Pieter Sikkel, and Richard J.C. Topping—were elected for a one-year term expiring at the 2026 annual meeting. The high vote counts in favor (e.g., over 19 million votes for most nominees) indicate strong confidence in the current leadership and board continuity.

2. **Auditor Ratification**: The appointment of Deloitte & Touche LLP as the company's independent auditors for the fiscal year ending March 31, 2026, was overwhelmingly ratified with 20,634,227 votes for, against only 3,349 votes. This strong approval signals shareholder confidence in the company's financial oversight and auditing practices.

3. **Advisory Vote on Executive Compensation**: Shareholders adopted, on an advisory basis, the resolution to approve the compensation paid to the company's named executive officers, with 19,131,952 votes in favor. This non-binding vote reflects general approval of the executive compensation strategy and structure.

4. **Approval of Amended and Restated 2020 Incentive Plan**: The Pyxus International, Inc. Amended and Restated 2020 Incentive Plan was approved with 18,619,329 votes for, against 586,846 votes. This approval provides the company with a critical tool for attracting, retaining, and motivating key employees through equity-based incentives, aligning employee interests with shareholder value creation.

**Management Commentary and Forward Guidance**: This filing does not include management commentary on operational performance or forward-looking financial guidance, as it is a Form 8-K reporting shareholder meeting results.

**Competitive Positioning and Market Trends**: No information regarding competitive positioning or market trends was discussed in this corporate governance filing.

**Risk Factors and Concerns Raised**: No specific risk factors related to financial performance or operations were discussed in this corporate governance filing.

**Analyst Q&A Highlights**: No analyst Q&A session occurred as this is a Form 8-K filing, not an earnings call.

Key Highlights

• All seven director nominees were successfully elected for a one-year term.
• Deloitte & Touche LLP was ratified as the independent auditors for fiscal year 2026.
• Shareholders approved, on an advisory basis, the compensation for named executive officers.
• The Pyxus International, Inc. Amended and Restated 2020 Incentive Plan was approved.
• All proposals presented at the 2025 Annual Meeting received strong shareholder support.
• The filing indicates stable corporate governance and shareholder alignment.

Financial Metrics

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Stock Performance (90 Days)

Data through Dec 26, 2025

Positive Signals

• Unanimous approval of all director nominees ensures board continuity.
• Overwhelming ratification of independent auditors signals confidence in financial oversight.
• Advisory approval of executive compensation indicates shareholder satisfaction with incentive structures.
• Approval of the Amended and Restated 2020 Incentive Plan provides a key tool for talent management.
• Strong shareholder support across all proposals reflects alignment with management.