Company: SVV
Filing Date: 2025-05-13
Form Type: S-3
Source: 0001193125-25-118371
Chunk: 15

Company: Savers Value Village, Inc.
Filing Date: 2025-05-13
Form: S-3
Chunk 15
---
 that person became an interested stockholder, the business combination is                                                                                                       
 approved by our board of directors and authorized at a meeting of stockholders by the affirmative vote of the holders of at least 66 2/3% of our outstanding voting stock not owned by the interested stockholder. |

In general, a “business combination” is defined to include mergers, asset sales and other transactions resulting in financial benefit to a stockholder and an “interested stockholder” is any person who, together with affiliates and associates, is the owner of 15% or more of our outstanding voting stock or is our affiliate or associate and was the owner of 15% or more of our outstanding voting stock at any time within the three-year period immediately before the date of determination. Under our Certificate, an “interested stockholder” generally does not include the Ares Funds or any affiliate of the Ares Funds, their respective direct and indirect transferees or any of their respective affiliates, controlled portfolio companies or successors. Other Provisions of our Certificate and Bylaws Action by written consent; special meetings of stockholders Our Certificate provides that, from and after the time when the Ares Funds (or their affiliates) cease to beneficially own at least 40% of the shares of our outstanding common stock, which time we refer to as the “Trigger Date”, our stockholders may not act by written consent, which may lengthen the amount of time required to take stockholder actions. As a result, following the Trigger Date, a holder controlling a majority of our common stock would not be able to amend our Bylaws or remove directors without holding a meeting of our stockholders called in accordance with our Bylaws. In addition, our Certificate provides that, from and after the Trigger Date, special meetings of the stockholders may be called only by the chairperson of our board of directors, our Chief Executive Officer or our board of directors. Advance notice procedures Our Bylaws include advance notice procedures with respect to stockholder proposals and stockholder nomination of candidates for election as directors. 13

Board classification

Our Certificate provides for a board of directors comprised of three classes of directors, with each class serving a three-year term beginning
and ending in different years than those of the other two classes. Only one class of directors will be elected at each annual meeting of our stockholders, with the other classes continuing for the remainder of their respective three-year terms.

Removal of directors; vacancies

From and after the Trigger Date, directors may only be removed for