U-Haul Holding Co /NV/

This proposal requests that shareholders vote to ratify and affirm all decisions and actions taken by the Company’s Board of Directors and executive officers for the fiscal year period April 1, 2025 through March 31, 2026. The proponents state the purpose is to express stockholder support for the Board’s and management’s leadership and decision-making during that fiscal year. The proposal references prior similar proposals submitted by the same proponents and requests that such a ratification item be included on the company ballot and meeting materials. It does not specify any changes to governance processes but seeks an affirmative stockholder endorsement of past decisions and actions.

This shareholder proposal asks the company to prepare and publish an annual report that discloses the greenhouse gas (GHG) emissions attributable to its vehicle fleet and any targets for measurably reducing those emissions. The proponents argue that such disclosure would help investors understand climate-related physical and transition risks to the business and compare the company’s performance to peers that have begun electrifying fleets and setting emissions targets. The requested report may follow established frameworks (for example, SBTi and TCFD) and may use reasonable estimation methods where direct measurement is not feasible, while omitting proprietary information. The report should be updated annually and prepared at reasonable cost.