Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 187

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 187
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 well as the ORCP Group, would no longer be subject to the limitation on voting no more than 49% of the shares of Class A common stock then outstanding (as described in “Description of Capital Stock—Common Stock—Voting Rights”). As a result, if the ORCP Stockholders continue to hold all of the shares of our Class A Common Stock and Class B Common Stock that they hold as of the date of this prospectus, they will beneficially own more than 50% of our Class A common stock and voting power. As a result, we will be deemed a “controlled company” within the meaning of the NYSE corporate governance standards. As a “controlled company,” we may elect not to comply with certain corporate governance standards, including the requirements:

| • |     | that a majority of our board of directors consist of independent directors; |

| • |     | that our board of directors have a nominating and corporate governance committee that is composed entirely of 
 independent directors with a written charter addressing the committee’s purpose and responsibilities;         |

| • |     | that our board of directors have a compensation committee that is composed entirely of independent directors with 
 a written charter addressing the committee’s purpose and responsibilities; and                                    |

| • |     | for an annual performance evaluation of the nominating and corporate governance committee and compensation 
 committee.                                                                                                 |

Following the Beneficial Ownership Sunset Time, if we do become a “controlled company” within the meaning of the NYSE corporate governance standards, we do not currently intend to rely on the exemptions listed above. However, we may elect to rely on certain of these exemptions if they are available to us in the future. If we were to rely on these exemptions, our board of directors and related committees may have more directors who do not meet the NYSE’s independence standards than they would if those standards were to apply. The independence standards are intended to ensure that directors who meet those standards are free of any conflicting interest that could influence their actions as directors. Accordingly, if we were to rely on these exemptions, you may not have the same protections afforded to stockholders of companies that are subject to all of the corporate governance requirements of the NYSE. Corporate Governance Composition of the Board Our business and affairs are managed by or under the direction of the Board, which is chaired by Mr. Metropoulos. When considering whether directors and director nominees have the experience, qualifications, attributes, and skills, taken as a whole, to enable the Board to satisfy its oversight responsibilities effectively in