Ingles Markets urges shareholders to vote for company director candidates

Ingles Markets issued a statement in response to “misleading claims” made by Summer Road in its presentation published April 6, 2026 regarding Ingles’ real estate portfolio. The company said, “Summer Road has a fundamentally flawed understanding of Ingles’ real estate portfolio. Further, the strategy it is proposing in connection with its attempt to nominate Sackler representative Rory Held to the Ingles Board of Directors is based on incorrect assumptions and is potentially value destructive. For grocers broadly, owned real estate is one of the most important drivers of long-term value. For Ingles in particular, strategic ownership of assets provides competitive value creation advantages, including operational control and growth opportunities…At this pivotal moment for Ingles, shareholders face a clear choice between strengthening the Board with independent highly qualified director candidates, who are committed to long-term value creation – OR – risking reputational harm and potential value destruction driven by a Sackler-affiliated agenda that we believe prioritizes short-term financial gain over sustainable growth. We urge you – protect your investment by voting “FOR” only Rebekah Lowe and Dwight Jacobs on the WHITE proxy card today.”