Company: THS
Filing Date: 2025-03-03
Form Type: PRER14A
Source: 0001320695-25-000014
Chunk: 83

Company: TreeHouse Foods, Inc.
Filing Date: 2025-03-03
Form: PRER14A
Chunk 83
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The Board believes that the Proposed Amendment strikes the appropriate balance between furthering our goals of attracting and retaining high-quality officers, on the one hand, with promoting stockholder accountability, on the other. Consistent with the General Corporation Law of the State of Delaware (the “DGCL”), the Proposed Amendment would exculpate certain officers only in connection with direct claims brought by stockholders for breaches of the fiduciary duty of care, including class actions, but would not eliminate or limit liability with respect to any of the following:

• breach of fiduciary duty claims brought by the Company itself;

• derivative claims brought by stockholders in the name of the Company;

• any claims involving breach of the duty of loyalty to the Company or our stockholders;

• any claims involving acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of the law; or

• any claims involving transactions from which the officer derived an improper personal benefit.

Additionally, in accordance with Delaware law, the Proposed Amendment would only apply to certain officers, namely to a person who (during the course of conduct alleged to be wrongful): (i) is or was serving as our President, Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, Chief Legal Officer, Chief Accounting Officer, Controller, or Treasurer; (ii) is or was identified in our public filings with the Securities and Exchange Commission as one of our most highly compensated executive officers; or (iii) has, by written agreement with the Company, consented to be identified as an officer for purposes of accepting service of process in Delaware.

Taking into account the narrow class and type of claims for which certain officers would be exculpated and the benefits, the Board believes that the Proposed Amendment benefits the Company and our stockholders by (i) enhancing our ability to attract and retain talented officers and (ii) potentially reducing future litigation costs associated with frivolous lawsuits.

While the Proposed Amendment also includes conforming changes to the existing exculpation provision related to directors of the Company set forth in Article SEVENTH of the Certificate, the current exculpation protections available to the directors remain unchanged as a result of the Proposed Amendment. In addition, the Proposed Amendment provides that if the DGCL is further amended to eliminate or limit the liability of directors or officers, the liability of such directors or officers will be limited or eliminated to the fullest extent permitted by law, as so amended.

#### Additional Information
The Board has declared the Proposed Amendment advisable and in the best interests