2018 Guide to Effective Proxies

2.4 Proxy summary | 75 6 TH EDITION | GUIDE TO EFFECTIVE PROXIES THE BOEING COMPANY PROXYSUMMARY Key Features of Our Executive Compensation Program • Pay-for-performancestrategyalignsexecutivecompensationwithexecutionofbusinessstrategy(page24) • Incentivepayprogramsfeaturemultipleperformancemetrics(page26) • Approximately90%oftargetCEOpayin2017wasvariableandatrisk(page28) • Noacceleratedvestingofequityawardsinconnectionwithachangeincontrol(page31) • Rigorousstockownershiprequirementsforofficersanddirectors(page33) • NopledgingorhedgingofBoeingstockbyofficersordirectors(page34) • Robustclawbackpolicythatpermitsbroadrecoupmentofincentivecompensationevenabsentafinancial restatement(page34) • Stockholdingrequirementsforexecutiveofficers(page33) • Noemploymentorchange-in-controlagreements Governance Highlights • Threenewindependentdirectorsinlastthreeyears(page4) • BalancedanddiverseBoardcomposition(page4) • Boardleadershipstructurere-evaluatedannually(page12) • IndependentLeadDirectorempoweredwithbroadresponsibilitiesandsignificantgovernanceduties(page12) • Robustsuccessionplanningprocessforseniorleadershippositions,includingin-depthmeetingsbetweenindividual directorsandseniorexecutives • ExtensiveBoardoversightofriskmanagement,withparticularfocusonkeystrategic,operational,andcompliance risks(page16) • Comprehensiveannualself-assessmentsofBoardanditscommittees(page17) • 12of13directornomineesareindependent(page14) • ExecutivesessionsofindependentdirectorsconductedaftereveryregularlyscheduledBoardmeeting • 97%averageattendanceatBoardandcommitteemeetingsduring2017(page17) • SignificantBoardoversightofallaspectsofbusinessstrategy • Majorityvotingforalldirectors,eachofwhomiselectedforaone-yeartermandissubjecttoaresignationpolicyin theeventheorshefailstoreceiveamajorityvote • Proxyaccessrightforshareholdersseekingtonominatedirectors(page61) • Strictlimitsondirectorserviceonoutsideboards(page5) • Activeoutreachandengagementwithshareholdersthroughouttheyear(page13) • Boardoversightofpoliticalandcharitablecontributions • Nosupermajorityvoting • Shareholderrighttocallspecialmeetings • Nopoisonpillandanyfuturepoisonpillmustbesubmittedtoshareholders • Publiclydisclosedpoliciesandpracticesregardingpoliticaladvocacy Shareholder Outreach WemeetwithmanyofourshareholdersthroughouttheyeartoensurethatmanagementandtheBoardarefocused on,andresponsiveto,investorprioritiesandconcerns.Foradditionalinformation,see“ShareholderOutreach”on page13. Environmental Stewardship and Global Engagement Boeing’scommitmenttoinnovationextendstohowwecareforourenvironmentandengagewiththecommunitiesin whichweoperate.See“EnvironmentalStewardshipandGlobalEngagement”onpage17foradditionalinformation. 2018ProxyStatement 3 Total of 03 pages in section PROXYSUMMARY Voting Recommendations of the Board Item Description For Against Page 1 Electionofdirectors 4 2 Approve,onanadvisorybasis,namedexecutiveofficercompensation 22 3 Ratifytheappointmentofindependentauditor 47 4 Shareholderproposal–additionalreportonlobbyingactivities 51 5 Shareholderproposal–reducethresholdtocallspecialshareholdermeetings from25%to10% 53 6 Shareholderproposal–independentBoardChairman 54 7 Shareholderproposal–requireshareholderapprovaltoincreasethesizeof theBoardtomorethan14 56 Director Nominees Thisyear’sBoardnomineesincludeonenewdirector—CarolineKennedy,formerU.S.AmbassadortoJapan.Threeof ourindependentdirectorsjoinedtheBoardinthelastthreeyears,reflectingourongoingBoardrefreshmentstrategy andfurtherstrengtheninganddiversifyingtheskillsandexperiencesoftheBoard.Eachdirectornomineeislisted below,andyoucanfindadditionalinformationunder“ElectionofDirectors(Item1)”beginningonpage4. Name Age Director Since ProfessionalBackground BoardCommittees RobertA.Bradway 55 2016 Chairman&CEO,Amgen Audit,Finance DavidL.Calhoun 60 2009 SeniorManagingDirector,BlackstoneGroup; FormerChairman&CEO,Nielsen Compensation,GON ArthurD.CollinsJr. 70 2007 SeniorAdvisor,OakHillCapitalPartners; FormerChairman&CEO,Medtronic Compensation,GON KennethM.Duberstein 73 1997 Chairman&CEO,TheDubersteinGroup; FormerWhiteHouseChiefofStaff Compensation,GON EdmundP.GiambastianiJr. 69 2009 SeventhViceChairmanoftheU.S.Joint ChiefsofStaff;FormerNATOSupremeAllied CommanderTransformationandFormer Commander,U.S.JointForcesCommand Audit,Finance,Special Programs LynnJ.Good 58 2015 Chairman,President&CEO,DukeEnergy Audit,Finance LawrenceW.Kellner 59 2011 President,EmeraldCreekGroup;Former Chairman&CEO,ContinentalAirlines Audit,Finance CarolineB.Kennedy 60 2017 FormerU.S.AmbassadortoJapan Audit,Finance EdwardM.Liddy 72 2010 FormerChairman&CEO,Allstate Compensation,GON DennisA.Muilenburg 54 2015 Chairman,President&CEO,Boeing SpecialPrograms SusanC.Schwab 62 2010 Professor,UniversityofMarylandSchoolof PublicPolicy;FormerU.S.Trade Representative Audit,Finance RonaldA.Williams 68 2010 FormerChairman&CEO,Aetna Audit,Finance, SpecialPrograms MikeS.Zafirovski 64 2004 ExecutiveAdvisor,BlackstoneGroup; FormerPresident&CEO,Nortel Compensation,GON 2 2018ProxyStatement PROXY SUMMARY Thissummarysetsforthcertainperformancehighlights,aswellasinformationcontainedelsewhereinthisproxy statement.Youshouldreadtheentireproxystatementbeforecastingyourvote. Performance Highlights $19.5B $8.7B $28.2B 601 763 (RECORD) INCREASEDCOMMERCIAL AIRPLANEDELIVERIES 27% INTHELASTFIVEYEARS $8.9B $13.3B IMPROVED OPERATINGCASHFLOW 50% RECORD OPERATINGEARNINGSOF $10.3B IN2017 Total Shareholder Return vs. Dow Jones Industrial Average/Peer Company Average Boeing DJIA 28.1% 94.8% 17.9% PeerAvg 0% 25% 50% 75% 100% 2017 Boeing DJIA 46.9% 147.3% 40.3% PeerAvg 0% 50% 100% 150% 2015–2017 Boeing DJIA 113.4% 345.3% 123.4% PeerAvg 0% 100% 200% 300% 400% 2013–2017 Annual Meeting of Shareholders When Where The Field Museum, Chicago, Illinois April 30, 2018 9:00 a.m., CT Youmayvoteatthemeetingifyouwereaholderof recordofourcommonstockatthecloseofbusinesson March1,2018.Pleaseseepage58forinstructionson howtovoteyourshares.Toattendthemeetingin person,youmustregisternolaterthanApril20,2018to obtainanadmissionticket.Youmustpresentan admissionticket,alongwithgovernment-issuedphoto identification,inordertoattendthemeeting.See page57foradditionalinstructions. 2018Proxy Statement 1 BRINKER INTERNATIONAL INFORMATION ABOUT THE BOARD OF DIRECTORS Committees of the Board of Directors TheBoardofDirectorshasthefollowingstandingcommitteesandcurrentcommitteecomposition: BoardMembers Audit Committee Compensation Committee Governance& Nominating Committee JosephM.DePinto* ElaineL.Boltz M M HarrietEdelman M C MichaelA.George M M WilliamT.Giles C M GerardoI.Lopez M M GeorgeR.Mrkonic C M JoseLuisPrado M WymanT.Roberts** MeetingsDuringFiscal2017 12 6 4 C—CommitteeChair M—Member * ChairmanoftheBoard ** Astheonlynon-independentmemberoftheBoard,Mr.RobertsdoesnotserveonanyBoardcommittees. Board Skills and Core Competencies OurBoardiscomprisedofdirectorswhohaveavarietyofskillsandcorecompetenciesasnotedinthe chartbelow: ExecutiveLeadership Financial Board/Governance Strategic Retail Marketing PercentageofBoardMembers 0 10 20 30 40 50 60 70 80 90 100 MakingPeopleFeelSpecial BrinkerInternational • 2017Notice&Proxy 3 Total of 04 pages in section ANNUAL MEETING ADMISSION Voting: Only shareholders as of the Record Date (September 18, 2017)areentitledtovote. AttendingtheAnnual MeetinginPerson: If you are a registered shareholder (the shares are held in your name), you must present valid identification to vote at the annual meeting. If you are beneficial shareholder (your shares are held in the name of a bank or brokerage firm), you will also need to obtain a “legal proxy” from the registeredshareholdertovoteattheannualmeeting. 2 BrinkerInternational • 2017Notice&Proxy MakingPeopleFeelSpecial PROXY SUMMARY This summary highlights selected information that is provided in more detail throughout the Proxy Statement. This summary does not contain all of the information you should consider before voting, andyou shouldread the entire Proxy Statement before castingyour vote. ANNUALMEETING INFORMATION DateandTime Thursday, November 16, 20179:00 AM CST Place Brinker InternationalInc. PrincipalExecutiveOffice 6700LBJFreeway Dallas,Texas75240 SHAREHOLDERSACTION Proposals: BoardVoting Recommendation Votes Required PageReference 1 ElectionofDirectors FOReachnominee Majority 5-9 2 RatificationofIndependentRegisteredPublic AccountingFirm FOR Majority 10 3 AdvisoryVoteonExecutiveCompensation FOR Majority 11 4 AdvisoryVoteonFrequencyofFuture AdvisoryVotesonExecutiveCompensation 1YEAR Majority 12 VOTING YOUR SHARES Your vote is important. Whether you plan to attend the annual meeting or not, we encourage you to follow the instructions on the Notice of Internet Availability of Proxy Materials. You may vote: ByInternet Visit www.proxyvote.com , and enter your 12-digit control number needed to access the site (you may find this number on your Notice of Internet Availability of Proxy Materials) ByMail Request, complete and mail a paper proxy card, as outlined in the Notice of Internet Availabilityof Proxy Materials ByPhone Callphonenumber locatedon proxy card In Person Attend annualmeeting andvote by ballot IfyousubmityourproxybytelephoneorInternet,youdonotneedtoreturnyourproxycardbymail. MakingPeopleFeelSpecial BrinkerInternational • 2017Notice&Proxy 1