Ingles Markets, Incorporated

IMKTA

Reporting person: Summer Road LLC(group)

Summer Road LLC nominates director slate for Ingles Markets 2026 meeting

Contested meetinghigh confidence3% stake

Contest Strategydissident slate, solicitors, demands

Contested annualVote Apr 30, 2026

What's being contested

Board seatsCompensation

IssuerIngles Markets, Incorporated (IMKTA)

Issuer solicitor—

Reporting personSummer Road LLC (group)

Dissident solicitorSaratoga Proxy Consulting LLC

Stake432,558 sh3%

Dissident counsel—

Cost basis—

Meeting dateApr 30, 2026

Record date—

Dissident slate (1)

Rory A. Held

Primary demands

independent shareholder representative on the Board
board refreshment
improved corporate governance
enhanced transparency and shareholder engagement

Vote Mechanics

78d post-vote

Vote dateApr 30, 2026

Record date—

Mailing date—

Record → vote—

Threshold—

Min approvalparsed—

Shares outstanding—

Insider lock-up—

Advisors

No advisor data on record for this deal.

Sources

SEC Filing

Summer Road LLC and affiliates, owning 432,558 shares (3.0%) of Ingles Markets Class A Common Stock, filed a definitive proxy statement to nominate Rory A. Held as a director at the April 30, 2026 annual meeting. Summer Road seeks to add an independent shareholder representative to address poor corporate governance and lack of transparency resulting from the Ingles family's controlling ownership. The dissident also opposes the Company's say-on-pay proposal and supports one Company-nominated director, Dwight Jacobs.

Item id: a16ab2fa-34f5-40ce-bed3-2f44539678ee · ingested Apr 24, 2026