Chefs' Warehouse Enters Cooperation Agreement With Legion Partners; Adds New Directors

Legion Partners beneficially owns approximately 3.3% of the Company's outstanding common stock. As contemplated by the Cooperation Agreement, on March 4, 2024, the Company temporarily increased the size of Board to fourteen members and appointed two new independent directors, Richard N. Peretz and Wendy M. Weinstein, to the Board. Further, as provided in the Cooperation Agreement, a third new independent director, Lester Owens, was appointed to the Board on March 4, 2024 and will be nominated for election at the Company's 2024 Annual Meeting.