Ingles urges vote for Lowe, Jacobs as Sackler-linked fund pushes capital returns, real estate split

• Ingles Markets urged shareholders to vote for board nominees Rebekah Lowe, Dwight Jacobs on white proxy card ahead of April 30, 2026 annual meeting.
• Company opposed activist Summer Road, describing it as Sackler family-controlled vehicle seeking to elect employee nominee Rory Held.
• Ingles warned Sackler association could trigger customer backlash, estimating 5% sales loss would cut about $266 million of sales, $8.8 million of profits based on FY2025 results.
• Board criticized Summer Road push for aggressive capital returns, real estate separation, arguing proposals could weaken investment capacity, balance sheet strength.
• Ingles highlighted shareholder returns, citing 28.05% year-to-date total return as of March 27, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ingles Markets Incorporated published the original content used to generate this news brief via Business Wire (Ref. ID: 20260413299436) on April 13, 2026, and is solely responsible for the information contained therein.