On March 13, 2023, The Goodyear Tire & Rubber Company announced that it has received a shareholder proposal from John Chevedden requesting the Company that the Board seek shareholder approval of any senior manager’s new or renewed pay package that provides for severance or termination payments with an estimated value exceeding 2.99 times the sum of the executive’s base salary plus target short-term bonus. 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 April 10, 2023.