Company: SVV
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001883313-25-000019
Chunk: 16

Company: Savers Value Village, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 16
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. O’Farrell are independent in accordance with the Exchange rules.

#### Controlled Company Exemption
We are a “controlled company” under the Exchange rules and qualify for the “controlled company” exemption to the board of directors and committee composition requirements under the Exchange rules. Pursuant to this exception, we are exempt from the requirements that (1) our Board be comprised of a majority of independent directors, (2) we have a Nominating, Governance & Sustainability Committee composed entirely of independent directors and (3) we have a Compensation Committee composed entirely of independent directors. The “controlled company” exemption does not modify the independence requirements for the Audit Committee, and we intend to continue to comply with the requirements of the Sarbanes-Oxley Act and the Exchange rules, which require that our Audit Committee be composed of at least three independent directors. We may continue to utilize these exemptions as long as we remain a controlled company. As a result, we may not have a majority of independent directors and our Nominating, Governance & Sustainability Committee and Compensation Committee may not consist entirely of independent directors. Accordingly, you may not have the same protections afforded to stockholders of companies that are subject to all of the corporate governance requirements of the Exchange.

If at any time we cease to be a “controlled company” under the Exchange rules and we do not meet the independence requirements, the Board will take all action necessary to comply with such rules within the applicable transition periods, including appointing a majority of independent directors to the Board and establishing a Nominating Governance & Sustainability and a Compensation Committee composed entirely of independent directors.

| Savers Value Village, Inc. | 13 |     | 2025 Proxy Statement |

Table of C ontents

Corporate Governance

#### Board Leadership and Committees

#### Board Leadership
Our Board believes that the Company and its stockholders are best served by maintaining flexibility to have any director serve as Chairperson and therefore has no policy with respect to the separation of the offices of Chief Executive Officer and Chairperson of the Board. It is our Board’s view that rather than having a rigid policy, our Board should determine, as and when appropriate upon consideration of all relevant factors and circumstances, whether the two offices should be separate.

Currently, our leadership structure separates the offices of Chief Executive Officer and Chairperson of the Board, with Mr. Walsh serving as our Chief Executive Officer and Mr. Rosen serving as non-executive Chairperson of the Board. We believe this is appropriate as it provides Mr. Walsh with the ability to focus on