Company: PRMB
Filing Date: 2025-02-27
Form Type: S-1/A
Source: 0001193125-25-039341
Chunk: 115

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: S-1/A
Chunk 115
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holders Agreement, approval of 66 2⁄ 3% of the Board will be required in order for the Company to do any of the following:

| • |     | issue Shares or other equity securities, including any preferred stock, to the Initial ORCP Stockholder and                                   
 certain of its permitted transferees, other than to ORCP pursuant to its purchase rights described below under “—Purchase and Notice Rights”; |

| • |     | enter into or effect a change of control (as defined in any of the senior note indentures in existence at 
 Closing) or similar transaction;                                                                          |

| • |     | increase or decrease the size of the Board or the board of directors of any subsidiary, or any committee thereof, 
 other than as specified above; and                                                                                |

| • |     | initiate a voluntary liquidation, dissolution, winding up, bankruptcy, or other insolvency proceeding of Primo 
 Brands or any of our material subsidiaries.                                                                    |

75

Furthermore, removing or replacing our CEO in the first year following the Closing will
require approval of 66⁄% of the Board.

Purchase and Notice Rights

Pursuant to the Stockholders Agreement, so long as the ORCP Stockholders beneficially own at least 15% of the shares of
Class A common stock, the ORCP Stockholders will have the right to purchase their pro rata portion of any equity securities newly offered by the Company or any of our subsidiaries in a public or
non-public offering of equity securities, other than in certain circumstances, including issuances of equity securities to directors, officers, associates, or consultants, issuances pursuant to equity
incentive or similar benefits plans, issuances made as consideration for any acquisition by the Company or as part of a strategic partnership or commercial arrangement on an arms-length basis, issuances pursuant to a stock split, stock dividend,
reclassification, reorganization, or similar event, issuances upon the conversion of shares of Class B common stock issued to the ORCP Stockholders, and issuances of shares of a subsidiary to the Company or a wholly-owned subsidiary of the
Company. We are required to provide the ORCP Stockholders with written notice at least seven business days prior to any intended issuance of such new equity securities.

We are required to provide the ORCP Stockholders with written notice at least five business days prior to any (i) issuance of additional
shares of Class A common stock, including any issuances pursuant to an equity compensation plan; or (