Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 46

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 46
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estitures, financing, or other transactions that, in their judgment, could enhance their equity investment, even though such transactions might involve risks to the Stockholders. In addition, ORCP may, from time to time,
acquire and hold interests in businesses that compete, directly or indirectly, with the Company.

In the future, we may be considered a “controlled company” within the meaning of the NYSE listing requirements and, as a result, we may qualify for, and rely on, exemptions from certain corporate governance requirements. Our stockholders do not have the same protections afforded to stockholders of companies that are subject to such corporate governance requirements.

At the Beneficial Ownership
Sunset Time, all of our shares of Class B Common Stock, which are currently held by the ORCP Stockholders, shall automatically convert into an equal number of shares of Class A Common Stock. 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, or if another Stockholder holds more than 50% of the shares of our common stock in the future, we would be considered a
“controlled company” for the purposes of the NYSE listing requirements. As such, we may qualify for exemptions from certain corporate governance requirements.

The corporate governance requirements and specifically the independence standards are intended to ensure that directors who are considered
independent are free of any conflicting interest that could influence their actions as directors. We currently do not expect to rely on these exemptions. However, if we become, and for as long as we remain, a “controlled company,” we may
elect in the future to take advantage of any of these exemptions, upon qualifying. As a result, we may not be subject to certain corporate governance requirements, including that a majority of our Board of Directors consists of “independent
directors,” as defined under the rules

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of the NYSE. In addition, we would not be required to have a Nominating and Corporate Governance Committee or Compensation Committee that is composed entirely of independent directors with a
written charter addressing the committee’s purpose and responsibilities or to conduct annual performance evaluations of the Nominating and Corporate Governance and Compensation Committees. Accordingly, our stockholders may not have the same
protections afforded to stockholders of companies that are subject to all of the corporate governance

requirements of the NYSE.

We may not issue a quarterly dividend in the future and Stockholders may never