RESOLVED: Shareholders of Tractor Supply Company (the ?Company?) urge the Board of Directors to prepare a report on the Company?s efforts to prevent harassment and discrimination based on gender identity and sexual orientation. This report shall include a description of the Company?s non-discrimination policies, equitable benefits for lesbian, gay, bisexual, transgender, and queer (?LGBTQ+?) workers and their families, and the Company?s policies and practices to support creating an inclusive corporate culture. The report shall be prepared at reasonable cost and omitting legally privileged, confidential, or proprietary information, and should be publicly disclosed on the Company?s website. SUPPORTING STATEMENT We believe that diverse and inclusive work environment free of discrimination and harassment increases shareholder value. Decades of economic, financial, and accounting research studies have quantified the economic costs of discrimination and harassment. Firms that discriminate based on demographic characteristics bear an associated cost in the form of diminished profits.1 Firms that engage in hiring discrimination are more likely to go out of business.2 Firms where workers experience sexual harassment experienced decreased market value.3 We are concerned that our Company?s decision to stop reporting data to the Human Rights Campaign reduces transparency regarding our Company?s nondiscrimination policies.4 Academic studies show that firms that support LGBTQ+ equality in the workplace report higher profitability,5 higher stock market valuations,6 improved credit ratings,7 and greater innovation.8 Transgender people are as likely to live in rural areas as cisgender people, and face the same levels of discrimination as in non-rural areas.9 Public opinion survey research has found that rural identified respondents are broadly supportive of LGBTQ+ rights.10 For these reasons, we urge you to vote FOR this proposal. 1 Gary Becker, The Economics of Discrimination, University of Chicago Press, 1957. 2 Devah Pager, ?Are Firms That Discriminate More Likely to Go Out of Business?,? Sociological Science, September 19, 2016. 3 Mads Borelli-Kjaer et. al., ?#MeToo: Sexual Harassment and Company Value,? Journal of Corporate Finance, Volume 67, 2021. 4 https://corporate.tractorsupply.com/newsroom/news-releases/news-releases-details/2024/Tractor-Supply- Company-Statement/default.aspx 5 Shaun Pichler et. al., ?Do LGBT-Supportive Corporate Policies Enhance Firm Performance?,? Human Resource Management, August 14, 2017. 6 Veda Fatmy et. al., ?Does Lesbian and Gay Friendliness Pay Off? A New Look at LGBT Policies and Firm Performance,? Accounting & Finance, March 31, 2021. 7 Pandej Chintrakarn et. al. ?Do LGBT-Supportive Corporate Policies Improve Credit Ratings? An Instrumental- Variable Analysis,? Journal of Business Ethics, August 30, 2018. 8 Mohammed Hossain et. al., ?Do LGBT Workplace Diversity Policies Create Value for Firms?,? Journal of Business Ethics, April 25, 2019. 9 Movement Advancement Project, ?Where We Call Home: Transgender People in Rural America,? November 2019. 10 Jack Thompson, ?Rural Identity and LGBT Public Opinion in the United States,? Public Opinion Quarterly, November 3, 2023.