<SEC-DOCUMENT>0001214659-24-011593.txt : 20240628
<SEC-HEADER>0001214659-24-011593.hdr.sgml : 20240628
<ACCEPTANCE-DATETIME>20240628131423
ACCESSION NUMBER:		0001214659-24-011593
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20240628
DATE AS OF CHANGE:		20240628
EFFECTIVENESS DATE:		20240628

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCKESSON CORP
		CENTRAL INDEX KEY:			0000927653
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				943207296
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13252
		FILM NUMBER:		241083964

	BUSINESS ADDRESS:	
		STREET 1:		6555 STATE HIGHWAY 161
		CITY:			IRVING
		STATE:			TX
		ZIP:			75039
		BUSINESS PHONE:		972-446-4800

	MAIL ADDRESS:	
		STREET 1:		6555 STATE HIGHWAY 161
		CITY:			IRVING
		STATE:			TX
		ZIP:			75039

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MCKESSON HBOC INC
		DATE OF NAME CHANGE:	19990115

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MCKESSON CORP
		DATE OF NAME CHANGE:	19950209

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SP VENTURES INC
		DATE OF NAME CHANGE:	19940728

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Reproductive Health Investor Alliance INC.
		CENTRAL INDEX KEY:			0001854466
		ORGANIZATION NAME:           	
		IRS NUMBER:				830828013
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		47 KEARNY ST. SUITE 600
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94108
		BUSINESS PHONE:		(619) 540-5896

	MAIL ADDRESS:	
		STREET 1:		47 KEARNY ST. SUITE 600
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94108
</SEC-HEADER>
<DOCUMENT>
<TYPE>PX14A6G
<SEQUENCE>1
<FILENAME>j628245px14a6g.htm
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">United States Securities and Exchange Commission Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">NOTICE OF EXEMPT SOLICITATION Pursuant to Rule
14a-103</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name of the Registrant: McKesson Corporation<BR>
Name of persons relying on exemption: Rhia Ventures<BR>
Address of persons relying on exemption: 47 Kearny Street, San Francisco, CA 94108</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated
under the Securities Exchange Act of 1934. Submission is not required of this filer under the terms of the Rule but is made voluntarily
in the interest of public disclosure and consideration of these important issues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><IMG SRC="rhia_smlogo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PROXY MEMORANDUM</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%"><FONT STYLE="font-family: Times New Roman, Times, Serif">TO:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="width: 92%"><FONT STYLE="font-family: Times New Roman, Times, Serif">McKesson Corporation Shareholders</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">RE:&nbsp;&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Item No. 6 on 2024 Proxy Ballot</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">DATE: </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">June 28, 2024</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CONTACT: Corporate.Engagement&lt;at&gt;rhiaventures.org</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>This is not a solicitation of authority to vote your proxy. Please
DO NOT send us your proxy card; Rhia Ventures is not able to vote your proxies, nor does this communication contemplate such an event.
Rhia Ventures urges shareholders to vote for Item No. 6, following the instructions provided on management's proxy mailing. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Rhia Ventures urges shareholders to <B>vote YES</B>
on Item No. 6 on the 2024 proxy ballot of McKesson Corporation (&ldquo;McKesson&rdquo; or &ldquo;the Company&rdquo;). The resolved clause
states:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">Shareholders request the Board issue a public report within
one year of the annual meeting, omitting confidential information and at reasonable expense, detailing any known and potential risks or
costs to the company caused by enacted or proposed state policies severely restricting reproductive rights or access to reproductive health
medications, and detailing any strategies beyond litigation and legal compliance that the company may deploy to minimize or mitigate these
risks.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The full text of the proposal is appended to this document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">This communication has been prepared and submitted
by Rhia Ventures on behalf of the Proponent of this proposal, the Marguerite Casey Foundation. Rhia Ventures has been authorized to represent
the Marguerite Casey Foundation on matters related to this proposal. Co-filers of this proposal were the John &amp; Shari Behnke Revocable
Trust, the Elizabeth Funk Trust, and the Woodcock Foundation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Summary</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>State laws restricting abortion pose broad risks for McKesson. </B></FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">The
current patchwork of state laws concerning access to reproductive health care poses legal, reputational, brand, and financial risk to
McKesson Corporation, whose Health Mart&reg; subsidiary has operations that are highly concentrated in states with highly restrictive
access to abortion care.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Clear and transparent policies are necessary to secure investor confidence</B>
in the Company&rsquo;s ability to meet consumer demand for reproductive health care products, safeguard consumer privacy, provide comprehensive
reproductive health care insurance and benefits to its employees, and attract and retain top talent regardless of geography.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Contrary to the Company&rsquo;s assertions in its statement of opposition
to this proposal, <B>complying with the requested report</B> is neither overly broad and burdensome, <B>and will increase shareholder
value.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>State Laws Restricting Abortion Pose Broad Risks for McKesson
</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Workforce Harms and Risks to Employee Health and Wellbeing, Recruitment,
and Retention</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As an employer, McKesson has a large national footprint: 35,000 employees
in the U.S. (10-K), and 27 distribution centers. The footprint of the Company&rsquo;s Health Mart&reg; business unit is also relevant
to this proposal: a network of approximately 4,500 independently owned pharmacies in the U.S. (https://bit.ly/4bKbPmx).<BR>
<BR>
Since 2011, states have passed more than 600 laws restricting abortion access, and 12 states now ban most abortions. Other states have
enacted legislation that protects these rights. McKesson has significant operations in states where reproductive rights are severely limited,
with six distribution centers located in the South and Texas, and five in the Midwest, where abortion restrictions are concentrated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Female employees, who constitute 62% of McKesson&rsquo;s U.S. workforce,
may face challenges accessing reproductive health care, including abortion services, for themselves or family members. Seven of the top
10 states where Health Mart pharmacies are located are subject to severe restrictions to abortion access: Texas, Florida, Alabama, Georgia,
Oklahoma, Ohio, and Kentucky (https://bit.ly/4c85zVo). McKesson and Health Mart may find it more difficult to recruit employees in states
that have outlawed abortion (bit.ly/3Ctj3ZI).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Employers, as well as employees, bear the cost of restricted access
to reproductive health care. Women who cannot access abortion are three times more likely to leave the workforce than women who are able
to access abortion when needed, and four times as likely to slip into poverty (bit.ly/37qrmMw). The Institute for Women&rsquo;s Policy
Research estimates state abortion restrictions may annually keep nearly 597,000 women aged 15 to 44 out of the workforce (https://bit.ly/3SQRp4n).
This may harm McKesson&rsquo;s ability to meet diversity goals, with negative consequences to performance, brand, and reputation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Surveys attest to the negative impact of abortion restrictions on recruitment
workforce mobility. According to a 2022 survey commissioned by Lean In, more than three-quarters of both women under 40 and men, regardless
of political affiliation, would prefer to work for companies supporting abortion access (https://bit.ly/3IcR5qJ). And just recently, a
CNBC/Generation Lab survey of 1,033 people between the ages of 18 and 34 found that 62% would &quot;probably not&quot; or &quot;definitely
not&quot; live in a state that banned abortion (https://bit.ly/4bMU1qV).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A 2022 Harris Poll found that in the wake of the Dobbs decision, 69%
of employees aged 18 to 34 want more clarity and transparency about their organization&rsquo;s policies and benefits for reproductive
health care (https://bit.ly/3OqENNL).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In its opposition statement to this proposal, McKesson states that
it provides to its employees travel and lodging benefits for any covered health service if such covered service is not available from
a local provider within 100 miles of an employee&rsquo;s home. While this implies that abortion-related expenses are covered, other pressing
questions remain unanswered about the comprehensiveness and competitiveness of the Company&rsquo;s reproductive health care benefits (e.g.,
does employee health insurance cover elective abortions; does it cover forms of contraception not mandated by the floor requirements of
the Affordable Care Act such as vasectomies, over-the-counter birth control pills, and 12-month supplies of oral contraceptives).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: red"><BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Risk to Market Share</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mifepristone, when prescribed in combination with misoprostol, is a
widely used abortifacient, accounting for 63% of all abortions in the U.S. (https://bit.ly/3VitXNC). Since January 2023, pharmaceutical
retailers have been able to apply for federal certification to sell mifepristone to customers. In March 2024, CVS and Walgreens announced
their intent to begin distributing mifepristone in retail stores (https://nyti.ms/4c7iZla).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">McKesson has indicated that it has been granted limited access to distribute
mifepristone to CVS pharmacies that are serviced by the Company. But neither McKesson nor Health Mart -- even when pressed for an answer
by the House Ways and Means Committee -- has yet to inform investors or the public as to whether Health Mart pharmacies will supply mifepristone.
Medication abortions constitute over half of the terminations in the U.S. Investors should know if Health Mart has applied for pharmacy
certification from the Risk Evaluation and Mitigation Strategies (&ldquo;REMS&rdquo;) Program or, if it does not intend to do so, how
it has assessed the reputational and market consequences for selectively discriminating against a commonly prescribed and legal medication.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Data Privacy Risk</B><FONT STYLE="font-size: 10pt; color: red"><BR>
<BR>
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">About one half of the states have banned or severely restricted abortion
care. Law enforcement in these abortion-restrictive states often rely on consumer digital data to investigate and prosecute individuals
who provide, aid, or receive the procedure, even if conducted in states where abortion remains legal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A digital reproductive health footprint can be easily accessed by law
enforcement and lead to criminal charges. In one example from 2022, Meta received significant negative press after complying with a data
request from a Nebraska police department for private Facebook messages between a mother and daughter, who were both subsequently convicted
for felony crimes related to the alleged illegal termination of the daughter&rsquo;s pregnancy. https://tinyurl.com/5dzny56t). Police
in Mississippi and Indiana have similarly used text messages, as well as web searches about abortion and online abortion medication order
details, as digital evidence against women facing criminal charges related to the end of their pregnancies (https://wapo.st/44aVYug).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Data collection</U>. Customer information that Health Mart Stores
collects, and how it is used or shared with third parties, is governed by two privacy policies. (https://m.stores.healthmart.com/Privacy.html?sessId=).
McKesson maintains separate policies. <B>Neither of the Health Mart policies has been updated since the overturning of <I>Roe v. Wade</I></B>
and the subsequent increase in laws criminalizing abortion and the aiding and abetting of abortion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Information that may be collected by Health Mart that could be of interest
to law enforcement includes:<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Health-related information such as medical history, claims data, and prescription
information</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Any other personal information voluntarily provided </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Unique identifiers and user behavioral information, such as geo-location,
IP address, browser type, computer or mobile device, navigation and behavior from actions taken on the website </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>&ldquo;Information about you that you share or make visible on the Internet. We may combine such information with information we already
have about you.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Both policies also discloses that the Company is <U>not</U> set up
to respond to &ldquo;Do Not Track&rdquo; browser settings that allow users to tell websites they do not wish to have their online activity
tracked over time and across websites.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Data sharing.</U> Both policies state that while personal information
is not sold to third parties, it may be shared. This includes sharing with law enforcement (or to meet other laws and regulations), as
would be expected. But only the policy that applies to online data collection specifies that a &ldquo;subpoena or other legal process&rdquo;
is required to hand over data to law enforcement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Why does this matter? In December 2023, a congressional investigation
alerted the Department of Health and Human Services of its finding that law enforcement agencies have been accessing patient prescription
records through pharmacies without warrants, with most people unaware that their private data is being handed over to authorities (https://bit.ly/3RhjQay).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Health Mart could also adopt other emerging best practices in this
area, including notifying customers when law enforcement has requested their data (unless the request is accompanied by a binding gag
order) and regularly publishing the number and type of data requests received by law enforcement agencies, and the Company&rsquo;s compliance
rate with them (see https://bit.ly/3y8J6ZU for links to best practice in this area). Absence of such policies may increase risk for the
Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The two policies also state that customers&rsquo; personal data may
be shared with third parties in the context of a merger, sale, or acquisition. What happens to this data after it is shared?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Political Spending Risk</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">McKesson makes political contributions <FONT STYLE="font-size: 10pt">via
its employee PAC and from the corporate treasury. From either source, corporate political contributions by their nature entail varying
degrees of risk.<SUP>1</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>1</SUP> See, for example, <I>Courting Risk: Corporate Underwriters
&amp; State Attorneys General</I> at https://www.politicalaccountability.net/wp-content/uploads/2024/05/CPA-Courting-Risk-FINAL.pdf#new_tab,
and <I>Practical Stake: Corporations, Political Spending and Democracy</I> at https://www.politicalaccountability.net/wp-content/uploads/2022/04/Practical-Stake.pdf#new_tab.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Particularly since the overturning of <I>Roe v. Wade</I> in June 2022,
great attention has been focused on corporate contributions to politicians and political organizations working to undermine access to
reproductive health care. Numerous news articles have been published, in-depth reports have been published<SUP>2</SUP>, and investors
have filed numerous shareholder proposals addressing perceived misalignment between corporations&rsquo; stated support for women&rsquo;s
advancement and their support for anti-abortion forces. (Full disclosure: Rhia Ventures has advocated in support of these proposals.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Shareholders would benefit from more disclosure as to how McKesson
navigates actual and potential conflicts of interest between its stated values as a health care company, and the making of contributions
to persons and organizations who are working to reduce access to health care. McKesson&rsquo;s Political Engagement and Lobbying Policy
states that the Company &ldquo;makes political contributions to candidates from both parties using rigorous objective criteria that promote
the interests of the company&rdquo; (https://bit.ly/3KGD85C) One of these interests, as stated on the &ldquo;Public Policy at McKesson&rdquo;
web page is &ldquo;making sure people have access to high-quality and affordable care&rdquo; (https://bit.ly/3KEUSOz).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Clear and transparent policies are necessary to secure investor
confidence</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Proponents have filed this proposal to encourage clear and transparent
policies for the reasons explored above. This memo has already pointed shareholders to a resource with links to company best practices
for law enforcement data information requests (see https://bit.ly/3y8J6ZU, cited in the &ldquo;Data Sharing&rdquo; discussion). Examples
of clear and transparent policies in the other areas discussed also abound.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">With respect to employee benefits, the #WhatAreYourReproBenefits database
maintained by Rhia Ventures (https://bit.ly/4b0Ee6X) links to statements made by numerous companies about their commitment to support
employees&rsquo; access to abortion. Over 1,000 companies have also joined the Don&rsquo;t Ban Equality coalition of businesses committed
to pushing back against abortion restrictions and providing employees with access to comprehensive reproductive health (https://bit.ly/3KMYnme).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the area of political spending transparency, companies that have
implemented best practices are identified and ranked in the annual CPA-Zicklin Index of Corporate Political Disclosure and Accountability
(https://bit.ly/3VyCRGE). AT&amp;T and Cigna have recently produced political spending reports that have broken new ground by employing
new metrics <FONT STYLE="font-size: 10pt">to measure alignment of spending with corporate values. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>_____________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>2</SUP> See <I>Divided States of America: Heavily Tilted Company</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Support for State Abortion Ban Politicians </I>at https://siinstitute.org/reports.html
;<I>Conflicted Consequences </I> https://www.politicalaccountability.net/wp-content/uploads/2022/04/Practical-Stake.pdf#new_tab; Collision
Course: The Risks Companies Face When Their Political Spending and Core Values Conflict and How To Address Them (https://politicalaccountability.net/hifi/files/Collision-Course-Report.pdf)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Complying with the requested report can increase shareholder
value</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In its statement of opposition to this proposal, McKesson argues that
the scope of the requested report is &ldquo;overly broad and burdensome,&rdquo; necessitating &ldquo;a thorough review of all existing
state laws, and all proposed bills, regulations and policies that may never become applicable to our employees.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The scope of research necessary to produce the requested report is
proportionate to the multiple risks identified herein that face McKesson and its Health Mart unit due dramatic and evolving changes in
the legal landscape regarding reproductive health care. The greater risk to McKesson and Health Mart is to continue to downplay and ignore
the identified risks, and the negative signal this stance broadcasts to financial markets, employees, and consumers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Many companies have undertaken analyses of these challenges and opportunities
in the major areas identified &ndash; data privacy, political spending, and employee health care and benefits &ndash; particularly since
the 2022 decision overturning <I>Roe v. Wade. </I>For example, Interpublic Group Companies assessed their policies and practices regarding
reproductive health data, ultimately finding there was no significant risk to customers in the face of newly enacted state laws criminalizing
abortion (https://tinyurl.com/mvrmfj2x). AT&amp;T and Cigna, as discussed immediately above, enhanced their political spending to feature
new metrics on alignment with corporate values. Walgreens, CVS, and Rite Aid and have stated their intentions regarding sales of mifepristone.
And as discussed above, hundreds of companies have gone on record affirming their support for their employees&rsquo; access to comprehensive
reproductive health care.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The state of opposition also protests that the report would &ldquo;quickly&rdquo;
become out-of-date. To be clear, the Proponents are not seeking a detailed compendium of state restrictions, which are available elsewhere.
The focus should be on the relevant policies of McKesson and Health Mart and the principles upon which they are based, which, one hopes,
would not quickly become out of date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For these reasons, we believe that shareholders would benefit by the
additional disclosure called for in our proposal. We urge you to vote YES on Item No. 6 in McKesson.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For questions, please contact Corporate.Engagement@rhiaventures.org.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">THE FOREGOING INFORMATION MAY BE DISSEMINATED TO SHAREHOLDERS VIA TELEPHONE,
U.S. MAIL, E-MAIL, CERTAIN WEBSITES AND CERTAIN SOCIAL MEDIA VENUES, AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE OR AS A SOLICITATION
OF AUTHORITY TO VOTE YOUR PROXY. PROXY CARDS WILL NOT BE ACCEPTED. PLEASE DO NOT SEND YOUR PROXY TO TARA HEALTH FOUNDATION. TO VOTE YOUR
PROXY, PLEASE FOLLOW THE INSTRUCTIONS ON YOUR PROXY CARD.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Report on Risks of State Policies Restricting
Reproductive Health Care</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WHEREAS: Companies must navigate a patchwork of state laws regarding
the provision of reproductive health care. Since 2011, states have passed more than 600 laws restricting abortion access, and twelve states
now ban most abortions. Other states have enacted legislation that protects these rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">McKesson has significant operations in states where reproductive rights
are severely limited. McKesson&rsquo;s female employees &ndash; over 62 percent of the company&rsquo;s 31,000 employees in the United
States &ndash; may face challenges accessing reproductive health care, including abortion services, for themselves or family members.
McKesson may find it more difficult to recruit employees in states that have outlawed abortion (bit.ly/3Ctj3ZI).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Employers, as well as employees, bear the cost of restricted access
to reproductive health care. Women who cannot access abortion are three times more likely to leave the workforce than women who are able
to access abortion when needed, and four times as likely to slip into poverty (bit.ly/37qrmMw). The Institute for Women&rsquo;s Policy
Research estimates state abortion restrictions may annually keep nearly 597,000 women aged 15 to 44 out of the workforce (https://bit.ly/3SQRp4n).
This may harm McKesson&rsquo;s ability to meet diversity goals, with negative consequences to performance, brand, and reputation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">According to a 2022 survey commissioned by Lean In, more than three-quarters
of both women under 40 and men, regardless of political affiliation, would prefer to work for companies supporting abortion access (https://bit.ly/3IcR5qJ).
A 2022 Harris Poll found that in the wake of the <I>Dobbs</I> decision, 69 percent of employees aged 18 to 34 want more clarity and transparency
about their organization&rsquo;s policies and benefits for reproductive health care (https://bit.ly/3OqENNL).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">RESOLVED: Shareholders request the Board issue a public report within
one year of the annual meeting, omitting confidential information and at reasonable expense, detailing any known and potential risks or
costs to the company caused by enacted or proposed state policies severely restricting reproductive rights or access to reproductive health
medications, and detailing any strategies beyond litigation and legal compliance that the company may deploy to minimize or mitigate these
risks.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SUPPORTING STATEMENT: Shareholders recommend the report evaluate risks
and costs to the company associated with new laws severely restricting reproductive rights and medication, and similar restrictive laws
proposed or enacted in other states. In its discretion, the Board&rsquo;s analysis may include effects on employee hiring, retention,
and productivity, and decisions regarding closure or expansion of operations in&nbsp;states proposing or enacting restrictive laws and
strategies such as public policy advocacy&nbsp;by the company, related political contributions policies, and human resources or educational
strategies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
