To Our Fellow Stockholders:
Thank you for your continued investment in Simpson Manufacturing Co., Inc. (the “Company”, “Simpson”, “we” or “us”). We cordially invite you to attend Simpson’s 20202022 Annual Meeting of Stockholders (the “Annual Meeting”), to be held virtually, via live webcast at www.virtualshareholdermeeting.com/SSD2022, at 2:00 p.m., Pacific Daylight Time, on Thursday, April 23, 2020,Wednesday, May 4, 2022. We continue to embrace the latest technology to provide expanded access, improved communication and cost savings. We believe hosting a virtual meeting enables increased stockholder attendance and participation from locations around the world. Stockholders attending the virtual meeting will be afforded the same rights and opportunities to participate as they would at our home offices locatedan in-person meeting. Further information on attending, voting, and submitting questions at 5956 W. Las Positas Boulevard, Pleasanton, California 94588.the Annual Meeting are included in the accompanying Notice of Annual Meeting and Proxy Statement.
WeDespite the unique challenges presented by the COVID-19 pandemic in 2021, we are pleased to report a year of strong performance for our stockholders, customers and employees, and weemployees. We remain committed to positioning Simpson for long-term, sustainable and increasing profitable growth. To this end, in 20192021 we achieved consolidated full-year net sales of approximately $1.14$1.57 billion, up 5.4%24.1% from $1.08$1.27 billion in 2018,2020, and produced strong earnings of $2.98$6.12 per diluted share, an increase of 9.6%43.3% year-over-year. In addition, we delivered a year-over-year improvementon nearly every target we had set as part of 100 basis points in our operating expenses as a percentage of net sales while simultaneously strengthening2021 Plan goals, strengthened our position in both woodthe software space and concrete products.will strengthen our position in Europe with the upcoming acquisition of the Etanco Group.
Our Proxy Statement is an opportunity to reflect on the Company’s performance, highlight the strengths and efforts of our Board and provide transparency into our corporate governance, sustainability and executive compensation practices. Our Board has a long-standing history of being overseen by independent directors with a diverse set of skills and experiences. We are very proud that 7 out of 8 directors will be independent and 50% of our directors will be female if all of the Board nominees are elected at the Annual Meeting.
The accompanying Proxy Statement further highlights key activities and accomplishments in 20192021 and contains information on the matters that we are seeking your vote at the Annual Meeting. On behalf of the Board, our executive management team, and the entire Simpson organization, thank you for your continued interest and support.
Sincerely yours,
Karen Colonias
President and Chief Executive Officer
James Andrasick
Independent Chair of the Board
March 11, 202023, 2022
YOUR VOTE IS IMPORTANT.
Whether or not you plan to attend the meeting, please take a few minutes now to vote your shares.