Company: JACK
Filing Date: 2025-11-07
Form Type: DEFA14A
Source: 0000807882-25-000063
Chunk: 2

Company: JACK IN THE BOX INC
Filing Date: 2025-11-07
Form: DEFA14A
Chunk 2
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 2025, the Board of Directors (the “Board”) increased the size of the Board to 10 directors and appointed each of Mr. Alan Smolinisky and Mr. Mark King (together, the “New Directors”) to fill the newly created vacancies, with initial terms expiring at the Company’s 2026 annual meeting of stockholders (the “2026 Annual Meeting”). The Board has also agreed to nominate and recommend in favor of each of the New Directors’ election to the Board at the 2026 Annual Meeting.

The Agreement will remain in effect until the date that is the earliest to occur of (i) 30 days prior to the deadline pursuant to the Company’s Amended and Restated Bylaws for submissions of stockholder notices of director nominations at the Company’s 2027 annual meeting of stockholders and (ii) 120 days prior to the anniversary of the date of the 2026 Annual Meeting, unless terminated earlier under certain circumstances (such period, the “Covered Period”).

During the Covered Period, the Agreement provides, among other things, that:

• the size of the Board shall not exceed 10 directors without the prior written consent of GreenWood;

• as long as the GreenWood Group has aggregate beneficial ownership of at least 5% of the then-outstanding shares of the Company’s common stock if, prior to the expiration of the Covered Period, Mr. Smolinisky is unable or unwilling to serve as a director, is removed as a director or otherwise ceases to be a director for any other reason, then the Board shall appoint a substitute replacement director candidate selected by GreenWood that is reasonably acceptable to the Board and meets the qualifications specified in the Agreement;

• the Board shall establish an advisory capital allocation committee of the Board (the “Capital Allocation Committee”) comprised of Mr. Smolinisky and Messrs. Lance Tucker and Enrique Ramirez Mena, which committee shall support the Board’s and management’s review of the Company’s significant strategic initiatives, including with respect to its capital allocation priorities, portfolio of assets (including real estate), special capital projects and capital structure;

• at each annual or special meeting of the Company’s stockholders, the GreenWood Group will vote all shares of voting securities of the Company beneficially owned by it and over which it has the right to vote (i) in favor of the election of each person recommended by the Board for election as a director, (ii) against any proposals or resolutions to remove any member of the Board and (iii) in