Company: TR
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001558370-25-003853
Chunk: 35

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 35
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404 of Regulation S-K, the Chairman shall determine whether the transaction is in compliance with the policy. If, however, such a non-material related person transaction involves the Chairman, the Vice President of Finance and the Treasurer shall jointly determine whether the transaction is in compliance with the policy, unless the amount involved in such non-material related person transaction is in excess of $25,000, in which case the Chairman of the Audit Committee shall determine whether the transaction is in compliance with the policy.

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PROPOSAL 2 RATIFICATION OF THE APPOINTMENT OF GRANT THORNTON LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM The Board of Directors has appointed Grant Thornton LLP as the independent registered public accounting firm for the Company for the 2025 fiscal year. Grant Thornton LLP became the Company’s independent auditors in 2018. Although not required by the Company’s Articles of Incorporation or Bylaws, the Board of Directors deems it to be in the best interest of the Company to submit to the shareholders a proposal to ratify the appointment of Grant Thornton LLP and recommends a vote in favor of such ratification. It is not expected that representatives of Grant Thornton LLP will attend the Annual Meeting. The Board of Directors recommends a vote FOR ratification of the appointment of Grant Thornton LLP as independent registered public accounting firm for fiscal year 2025. GRANT THORNTON LLP FEES AND SERVICES The following table sets forth the approximate aggregate fees billed for professional services by the Company’s independent registered public accounting firms, Grant Thornton LLP for 2024 and 2023.

| ​             | ​ 
 ​ | ​ |       ​ 
    2024 | ​ | ​ |       ​ 
    2023 |
|:--------------|:--|:--|--------:|:--|:--|--------:|
| Audit Fees(1) | ​ | $ | 683,000 | ​ | $ | 626,800 |
| Tax Fees(2)   |   | ​ |  58,400 |   | ​ |  38,450 |

| (1) | The fees in this category were for services rendered in connection with the annual integrated audit. |

| (2) | The fees in this category were for services rendered for tax compliance, tax consulting, and tax planning. |

All audit, audit-related services, tax and other services provided to the Company by Grant Thornton LLP have been pre-approved by the Audit Committee pursuant to