Summer Road Announces Shareholders Have Overwhelmingly Elected Rory A. Held to Ingles Markets’ Board of Directors

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Summer Road LLC (“Summer Road” or “we”), the beneficial owner of approximately 3% of the outstanding shares of Class A common stock of Ingles Markets, Incorporated (NASDAQ: IMKTA) (“Ingles” or the “Company”), today commented on the outcome of the Company’s 2026 Annual Meeting of Shareholders.

Based on preliminary voting results, Summer Road nominee Rory A. Held was elected to Ingles’ Board of Directors (the “Board”) with resounding support from approximately 62% of the shares outstanding, which represented approximately 70% of the total votes cast.

Mr. Held, Chief Investment Officer of Summer Road, stated:

“We would like to thank our fellow shareholders for their support and engagement throughout this campaign, and I look forward to continuing that dialogue as a director. Today's election represents a clear mandate from Class A shareholders that change is needed at Ingles. I am now fully focused on putting the proxy contest behind me and working collaboratively together with the other members of the Ingles Board to improve the Company’s transparency and instill better oversight of capital allocation.”

About Summer Road LLC

Summer Road LLC is a family office which invests across a diverse range of strategies and asset classes.