Ingles Markets Provides Information to Shareholders

Published: 2026-04-17 11:41:54 ET IMKTA

Published on 04/17/2026 at 11:41 am EDT

On April 17, 2026, Ingles Markets, Incorporated, announced that it opposes the nomination of Rory Held by Summer Road for the Board, citing that Held is embedded in the Sackler family?s financial and governance structure, serving as director of several Trusts established by the Sacklers to hold funds salvaged from the Purdue Pharma bankruptcy, and owes legally enforceable duties of loyalty and care to Sackler beneficiaries, which would create a clear and inherent conflict given his publicly stated intention to pursue short term asset disposition goals. In addition, the Company stated that it believes these obligations would impair Held?s ability to act in the best interest of Ingles and its shareholders, and urges shareholders to vote for only Company?s director candidates, Rebekah Lowe and Dwight Jacobs, as they would come to the Company boardroom untethered by competing fiduciary obligations and fully aligned with the long term interests of all Ingles shareholders. Further, the Company recommended the shareholders to vote for the Company board nominees at the annual meeting of shareholders.