Ingles Urges Shareholders to Reject Rory Held, Back Its Board Picks

Published: 2026-04-20 12:50:28 ET IMKTA

Published on 04/20/2026 at 12:50 pm EDT

On April 20, 2026, Ingles Markets, Incorporated issued an open letter to shareholders urging them to reject Rory Held, Nominated by Summer Road and the Sackler family, and to vote for its own board nominees, Rebekah Lowe and Dwight Jacobs. In addition, the Company stated in its letter details concern about Rory Held's ties to the Sackler family, including his roles as trustee for several Sackler family trusts and his position as Executive Vice President and Chief Investment Officer at Summer Road, the family office of Richard Sackler. Further, the Company argues that Rory Held's loyalties belong to the Sacklers, not to Company shareholders, and that his financial engineering agenda would be destructive to Company and the value of shareholders' investments.

Furthermore, the company emphasizes the importance of protecting shareholder value and urges shareholders to vote for only Rebekah Lowe and Dwight Jacobs, highlighting their credibility and commitment to serving the best interests of all Company shareholders.