Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 246

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 246
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), all of the transactions described in this section occurred prior to the adoption of the related person transaction policy. The matters described below related to the Margin Loan were approved in accordance with our related person transaction policy. In consideration for the provision of advice and strategic planning to the Company in connection with the Transaction, Fairmont, an affiliate of Mr. Metropoulos, received approximately $2,320,303 as a lump sum cash payment on November 5, 2024. Such compensation was paid to Fairmont for non-director services. For the three and nine months ended September 30, 2024, we incurred expenses of $4.5 million and $18.6 million, respectively, paid to the Advisors in management fees and associated costs pursuant to management agreements with the Advisors, which were recorded as selling, general and administrative expenses. As of September 30, 2024 and December 31, 2023, we had prepaid $3.7 million and $3.4 million, respectively, which was recorded in prepaid expenses and other current assets. For the three and nine months ended September 30, 2024, we purchased $9.2 million and $24.2 million, respectively, of raw materials used in the production process from Alltrista Plastics LLC (“Alltrista”), a 170

subsidiary of Jadex Inc., a One Rock portfolio company, which were recorded as a component of cost of goods sold. Additionally, we recorded $2.0 million and $1.5 million payable related to the unpaid portion of purchases at September 30, 2024 and December 31, 2023, respectively, to that related party. For the year ended December 31, 2023, we purchased $4.7 million of raw materials used in the production process from Alltrista, which were recorded as a component of cost of goods sold. Additionally, we recorded an associated $1.5 million payable related to the unpaid portion of those purchases at December 31, 2023. Stockholders Agreement On November 7, 2024, the Company and the Initial ORCP Stockholder entered into the Stockholders Agreement setting forth certain governance and other rights of the Initial ORCP Stockholder and certain of its permitted transferees. In the Stockholders Agreement, the Initial ORCP Stockholder agreed, subject to certain exceptions set forth therein:

| • |     | not to offer, pledge, sell, contract to sell, sell any option or contract to