Summer Road files proxy materials, sends letter to Ingles Markets shareholders

Summer Road, the beneficial owner of approximately 3% of the outstanding shares of Class A common stock of Ingles Markets, announced that it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with Ingles’ 2026 Annual Meeting of Shareholders to be held on April 30, 2026. Summer Road also sent the letter to Class A shareholders outlining why they should vote to elect Rory A. Held to the Company’s Board of Directors. “It is time for us to act to ensure we have at least one qualified independent director representing our interests as Class A shareholders. This is why we have nominated Rory A. Held, who is truly independent and aligned with all Class A shareholders. Unlike the Company’s Class A nominees, Mr. Held has a vested financial interest in the Company’s performance and brings the perspective of a Class A shareholder. He is also an experienced board member who understands public company value creation and will make decisions in the best interests of all Class A shareholders. We encourage you to join us in voting to elect Mr. Held to Ingles’ Board at the 2026 Annual Meeting to ensure that Class A shareholders finally have a voice in the boardroom. “