IMKTA News & Events

Reports Q2 revenue $1.31B vs $1.33B last year. Robert P. Ingle II, Chairman of the Board, stated, "We are pleased to announce our financial results that are made possible by our associates' commitment and dedication to our customers and communities in which we serve."

Summer Road, the beneficial owner of approximately 3% of the outstanding shares of Class A common stock of Ingles Markets, Incorporated, commented on the outcome of the Company's 2026 Annual Meeting of Shareholders. Based on preliminary voting results, Summer Road nominee Rory Held was elected to Ingles' Board of Directors with support from approximately 62% of the shares outstanding, which represented approximately 70% of the total votes cast. Held, CIO 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."

Summer Road, the beneficial owner of approximately 3% of the outstanding shares of Class A common stock of Ingles Markets, announced that all three independent proxy advisory firms, Institutional Shareholder Services, or ISS, Glass, Lewis & Co., and Egan-Jones Ratings Company, have recommended shareholders vote for the election of Summer Road nominee Rory A. Held to Ingles' Board of Directors at the 2026 Annual Meeting of Shareholders. Summer Road commented: "All three independent proxy advisors unanimously believe that shareholders should support boardroom change to restore investor transparency and drive long-term value. The proxy advisors' respective reports highlight many of the issues raised by our campaign, including Ingles' deficient disclosure, trailing shareholder returns, persistent operational underperformance and record of functioning like a privately held enterprise to the detriment of Class A shareholders. They have also taken note of the Company's efforts to deceive the public, including by altering its peer group to artificially make its performance look better. We encourage shareholders to heed all three experts' recommendations by electing Mr. Held to ensure that Class A shareholders finally have legitimate, independent representation on Ingles' Board."