Company: SVV
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001883313-25-000019
Chunk: 22

Company: Savers Value Village, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 22
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 of the proposed transaction, including aggregate dollar value; the benefits to Savers of the proposed transaction; the availability of other sources of comparable products or services (if applicable); whether the proposed transaction is on terms generally available to unrelated third parties or employees; and any other factors the Audit Committee may deem relevant. Our Legal Department is primarily responsible for the implementation of processes and procedures for screening potential transactions and providing information to the Audit Committee.

#### Stockholders Agreement
In connection with our IPO, we entered into the Stockholders Agreement with the Ares Funds, pursuant to which the Ares Funds are entitled to designate individuals to be included in the slate of nominees for election to our Board as follows:

• for so long as the Ares Funds own 40% or more of the outstanding shares of our common stock, the greater of up to six directors and the number of directors comprising a majority of our Board; and

• except as provided below, for so long as the Ares Funds own less than 40% of the outstanding shares of our common stock and 5% or more of the outstanding shares of our common stock, that number of directors (rounded up to the nearest whole number) that is the same percentage of the total number of directors comprising our Board as the collective percentage of common stock owned by the Ares Funds.

Notwithstanding the foregoing, if the Ares Funds at any time cease to own more than 5% of the outstanding shares of our common stock, the Ares Funds will not have the right to designate any directors. The Stockholders Agreement also provides for the nomination to our Board, subject to his or her election by our stockholders at the annual meeting, of our chief executive officer. Each of the Ares Funds has agreed, for so long as the Ares Funds hold more than 5% of the outstanding shares of our common stock, to vote all of the shares of common stock held by it in favor of the foregoing nominees.

The Stockholders Agreement also provides that, for so long as the Ares Funds own at least 30% of the outstanding shares of our common stock, the following actions require the prior written consent of the Ares Funds, subject to certain exceptions:

• merging or consolidating with or into any other entity, or transferring all or substantially all of our assets, taken as a whole, to another entity, or undertaking any transaction that would constitute a “Change of Control” as defined in our debt agreements;

• acquiring or disposing of assets, in a single transaction or a series of