Company: LW
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001679273-25-000060
Chunk: 17

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 17
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TABLE OF CONTENTS

#### Cooperation Agreement
On June 30, 2025, the Company, JANA and Continental Grain entered into a Cooperation Agreement (the “Cooperation Agreement”) pursuant to which the Company agreed to, and has since taken all necessary actions to, (i) expand the size of the Board to 13 directors; (ii) accept the resignations of each of Ms. Sharpe and Messrs. Blixt, Jurgensen and Niblock from the Board submitted to the Board prior to the execution of the Cooperation Agreement to the extent that they had not already resigned from the Board; and (iii) appoint each of (A) Bradley A. Alford, and Timothy R. McLevish (collectively, the “Independent New Directors”), (B) Scott Ostfeld and Ruth Kimmelshue (the “Independent Shareholder Directors”), and (C) Paul T. Maass and Lawrence E. Kurzius (the “Independent Mutual Directors,” and together with the Independent New Directors and the Independent Shareholder Directors, the “Agreed Directors”) to serve as a director of the Company for a term expiring at the Annual Meeting or until such person’s earlier death, resignation, disqualification, or removal. On June 29, 2025, each of Charles A. Blixt and W.G. Jurgensen provided notice of their respective resignation from the Board, effective immediately. The Board’s remaining actions provided for in the foregoing clauses (i)–(iii) became effective on July 10, 2025 (the “Effective Date”). In addition, on the Effective Date, the Board reconstituted the Board’s standing committees so that (A) the Audit and Finance Committee consists of André J. Hawaux (Chair), Rita Fisher, Timothy R. McLevish, Paul T. Maass, and Norman Prestage; (B) the Compensation and Human Capital Committee consists of Peter J. Bensen (Chair), Robert J. Coviello, Ruth Kimmelshue, Lawrence E. Kurzius, Hala G. Moddelmog, and Scott Ostfeld; and (C) the Nominating and Corporate Governance Committee consists of Hala G. Moddelmog (Chair), Peter J. Bensen, Robert J. Coviello, Ruth Kimmelshue, Lawrence E. Kurzius, and Scott Ostfeld. Pursuant to the terms of the Cooperation Agreement, the Board elected Bradley A