On April 2, 2024, ITT Inc announced that it had received a shareholder proposal from John Chevedden requesting that the Company prepare and semiannually update a report, which shall be presented to the pertinent board of directors committee and posted on the Company?s website, disclosing the Company?s: (a) Policies and procedures for making electoral contributions and expenditures (direct and indirect) with corporate funds, including the board?s role (if any) in that process; and (b) Monetary and non-monetary contributions or expenditures that could not be deducted as an ?ordinary and necessary? business expense under section 162(e)(1)(B) of the Internal Revenue Code, including (but not limited to) contributions or expenditures on behalf of candidates, parties, committees and entities organized and operating under section 501(c)(4) of the Internal Revenue Code, as well as the portion of any dues or payments made to any tax-exempt organization (such as a trade association) used for an expenditure or contribution that, if made directly by the Company, would not be deductible under section 162(e)(1)(B) of the Internal Revenue Code. In addition, the Company urged the shareholders to vote against the shareholder proposal at its annual general meeting of shareholders scheduled to be held on May 15, 2024.