Company: SVV
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001883313-25-000019
Chunk: 15

Company: Savers Value Village, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 15
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 so desire, based upon the recommendation of the Nominating, Governance & Sustainability Committee. Because the Company is currently a “controlled company” within the meaning of the listing standards of the New York Stock Exchange (the “Exchange”), unless the Board otherwise determines not to rely on the Exchange’s “controlled company” exemption, the Board is not required to have a majority of independent directors. If the Company ceases to be a “controlled company” or the Board determines not to rely on the Exchange’s “controlled company” exemption, the Board shall meet the independence requirements of the Exchange within the periods required by the Exchange’s phase-in rules applicable to a company that ceases to be a “controlled company.”

| Savers Value Village, Inc. | 12 |     | 2025 Proxy Statement |

Table of C ontents

Audit Committee members are subject to heightened independence requirements pursuant to the applicable rules of the Securities and Exchange Commission (the “SEC”) and the Exchange. The Board determines, annually or more frequently as the Board may so desire, based on all of the relevant facts and circumstances, whether each director satisfies these criteria for independence and will disclose each of these determinations.

Each independent director of the Board shall promptly notify the Chairperson of the Nominating, Governance & Sustainability Committee of any developments that may impair such director’s independence. If a conflict exists and cannot be resolved, such director should submit to the Board written notification of such conflict of interest and an offer of resignation from the Board and each of the committees on which such director serves. The Board need not accept such offer of resignation, but the submission of such offer of resignation provides the opportunity for the Board to review the appropriateness of the continuation of such individual’s membership on the Board or any committee.

Pursuant to the corporate governance standards of the Exchange, a director employed by us cannot be deemed an “independent director,” and each other director will qualify as “independent” only if our Board affirmatively determines that such director has no material relationship with us, either directly or as a partner, stockholder or officer of an organization that has a relationship with us. The fact that a director may own our capital stock is not, by itself, considered a material relationship. Based on information provided by each director concerning his or her background, employment and affiliations, our Board has affirmatively determined that each of Mr. Rosen, Mr. Smith, Ms. Collver, Mr. Allen, Mr. Woods, Ms. Konold, Ms. Pipes and Ms