PACCAR Inc Announces New Board Members and Compensation Approvals

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Breber and Brice C. Hill to the Board, effective July 1, 2024. Additionally, Luiz A. S. Pretti will join the Board on September 1, 2024. The Compensation Committee approved Long Term Performance Cash Awards for Named Executive Officers under the Long Term Incentive Plan for the 2021-2023 cycle. The annual meeting of stockholders was held on April 30, 2024, with the election of directors and approval of various items, including the Third Amended and Restated Restricted Stock and Deferred Compensation Plan for Non-Employee Directors and advisory resolutions on executive compensation and independent auditors. Press releases and financial statements are furnished as exhibits.

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Exhibits (2)

About Paccar Inc.

Paccar Inc. is a leading global manufacturer specializing in the design and production of high-quality commercial vehicles. Its primary function is to produce durable trucks under renowned brands such as Kenworth, Peterbilt, and DAF, serving an extensive range of industries including freight, construction, and heavy-duty transportation sectors. Paccar also manufactures an array of diesel engines and provides financial services like leasing, lending, and insurance to support their customers’ business needs. The company plays a crucial role in the commercial vehicle market, known for its commitment to innovation and technological advancement in truck design, fuel efficiency, and safety features. With its headquarters in Bellevue, Washington, Paccar stands as a significant contributor to global logistics and infrastructure, enabling efficient goods movement and supply chain operations worldwide. Moreover, Paccar is involved in aftermarket support and distribution, ensuring comprehensive customer service and parts availability across its network, thus cementing its position as a pivotal player in the commercial transport sector.