Ingles Markets, Incorporated · NASDAQ:IMKTA
Ingles Markets — Proxy Contest (April 2026)
11 slides from Ingles Markets's proxy contest presentation, Apr 10, 2026
Slide 1: Material Information Is Being Hidden from Ingles Shareholders
The Sacklers’ Summer Road and Rory Held Are Not Telling Ingles Shareholders the Truth About Their Involvement with Peak Resorts and the Damage They Caused Material Information Is Being Hidden from Ingles Shareholders 1
Slide 2: What Sacklers' Summer Road Fails to Disclose to Ingles Shareholders
What Sacklers’ Summer Road Fails to Disclose to Ingles Shareholders Summer Road Works Very Hard to Hide that it is Controlled by Sacklers • In Aug 2015, “Cap 1,” an Oklahoma entity managed by Sacklers’ Summer Road, disclosed a 6.1% investment in Peak Resorts Through hundreds of entities and opaque S
Slide 3: Reputational, Governance, Financial Risks Are Created By Associating with the Sacklers
What Sacklers’ Summer Road Fails to Disclose to Ingles Shareholders Reputational, Governance, Financial Risks Are Created By Associating with the Sacklers… Sacklers’ Summer Road claims that “none of our portfolio companies have ever experienced reputational harm to their business due to our Peak Res
Slide 4: Summer Road's Own Principals Have Testified to Critical Business Relationships Lost
What Sacklers’ Summer Road Fails to Disclose to Ingles Shareholders …Summer Road’s Own Principals Have Testified to the Critical Business Relationships Lost and Meaningful Business Risks Associated with the Sacklers EVEN SUMMER ROAD’S GENERAL COUNSEL HAS TESTIFIED UNDER OATH ABOUT THE KIND OF HARM F
Slide 5: The Sacklers Appear to Have Received Preferential Treatment at Peak Resorts
What Sacklers’ Summer Road Fails to Disclose to Ingles Shareholders The Sacklers Appear to Have Received Preferential Treatment at Peak Resorts While Their Employee Rory Held Served on the Peak Resorts Board Sacklers’ Summer Road • In Sept 2018, to fund an acquisition, Peak Resorts relied on a loan
Slide 6: Summer Road's Investment in Peak Resorts Was Made with Money Not Honestly Earned
What Sacklers’ Summer Road Fails to Disclose to Ingles Shareholders Summer Road’s Investment in Peak Resorts Was Made with Money that was Not Honestly Earned Sacklers’ Summer Road pats Peak Resorts’ largest investor has ties to opioid manufacturer itself on the back, citing “What the Sackler family
Slide 7: Sacklers' Summer Road is Viewed as a "Take the Money and Run" Investor
What Sacklers’ Summer Road Fails to Disclose to Ingles Shareholders Sacklers’ Summer Road is Viewed as a “Take the Money and Run” Investor Sacklers’ Summer Road characterizes itself as a “long-term” investor However, it was in and out of Peak Resorts’ stock in just four years, stuffing their pockets
Slide 8: Rory Held's Experience is Inflated and His Record at Peak Resorts
What Sacklers’ Summer Road Fails to Disclose to Ingles Shareholders Rory Held’s Experience is Inflated and His Record at Peak Resorts Shows He’s No Champion of Good Corporate Governance Throughout their proxy materials, Summer Road and • Rory Held was appointed to the Peak Resorts Board in November
Slide 9: Summer Road Insisted Upon a Controlling Shareholder Governance Structure at Peak Resorts
What Sacklers’ Summer Road Fails to Disclose to Ingles Shareholders Sacklers’ Summer Road Insisted Upon a Controlling Shareholder Governance Structure at Peak Resorts When Sacklers’ Summer Road first invested in Peak Resorts and Related Party Transactions — excerpt from ISS’s 2017 Voting Recommendat
Slide 10: Sacklers' Summer Road is Bad for Ingles, Bad for the Communities We Serve
Sacklers’ Summer Road is Bad for Ingles, Bad for the Communities We Serve, Bad for Shareholders, Bad for Associates and Bad for Customers Protect Your Investment The Ingles Board unanimously recommends that shareholders vote “FOR” only the Company’s director candidates — Rebekah Lowe and Dwight Jaco
Slide 11: Forward Looking Statements Additional Information
Forward Looking Statements This communication includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, the Company’s expected financial and operational results and the r