Ingles Markets urges shareholders to vote for company director candidates

Ingles Markets, Incorporated has issued a presentation in connection with its upcoming Annual Meeting of Shareholders scheduled to be held on April 30, 2026. The company said, “The presentation details material facts that Sacklers’ Summer Road and its nominee Rory Held have failed to disclose to Ingles shareholders, including risks illustrated by their prior involvement with Peak Resorts…Through hundreds of entities and opaque SEC disclosures, members of the Sackler family hid their association with Summer Road when they invested in Peak Resorts – just as they have done at Ingles. Summer Road and Rory Held never acknowledged they were associated with the Sacklers until Ingles publicly stated it…Sacklers’ Summer Road claims that ‘none of our portfolio companies have ever experienced reputational harm to their business due to our involvement.’ However, public reporting, elected official commentary, community pushback and consumer boycotts at Peak Resorts tell a different story. Summer Road’s own principals have testified to the critical business relationships lost and meaningful business risks associated with the Sacklers…Sacklers’ Summer Road investment in Peak Resorts was marred with transactions that appeared to have shown preferential treatment to the Sacklers – serving the Sacklers’ Summer Road’s interests at the expense of all other shareholders…Sacklers’ Summer Road characterizes itself as a “long-term” investor, however, its 5.5-year average investment horizon is not long term in the grocery industry. Sacklers’ Summer Road pats itself on the back, citing profits from their investment in Peak Resorts as a reason Ingles’ shareholders should support them. However, Summer Road fails to disclose that these gains were seen as dirty money made on the misery of the people and communities that were harmed by the Sacklers’ Purdue Pharma…Throughout their proxy materials, Summer Road and Rory Held attempt to position Rory Held as an ‘experienced’ public company board member. However, Rory Held only has 32 months of public company board service. Rory Held serves at the Sacklers’ direction. His director compensation at Peak Resorts was paid directly to Summer Road LLC, rather than to him personally.”