Company: HFFG
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001680873-25-000022
Chunk: 67

Company: HF Foods Group Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 67
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 |     |       — |     |      |     | -10,000 |     |      |     |      — |
| Other asset impairment charges                       |     |                         |     |       — |     |      |     |   1,200 |     |      |     |    422 |
| Business transformation costs(2)                     |     |                         |     |   1,223 |     |      |     |     929 |     |      |     |      — |
| Acquisition-related costs                            |     |                         |     |       — |     |      |     |       — |     |      |     |  1,130 |
| Other non-routine expense(3)                         |     |                         |     |     874 |     |      |     |   3,124 |     |      |     |      — |
| Executive transition and organizational redesign(4)  |     |                         |     |   2,929 |     |      |     |       — |     |      |     |      — |
| Adjusted EBITDA                                      |     | $                       |     |  42,041 |     | $    |     |  34,583 |     | $    |     | 40,133 |

_________________

(1) As discussed in Note 17 - Commitments and Contingencies to the consolidated financial statements in the Company’s Annual Report on Form 10-K, the Company recovered approximately $10.0 million related to the Settlement Agreement. The Company accounted for the settlement as a recovery of previously recorded expenses related to the litigation. The Company has adjusted for the $10.0 million recovery.

(2) Represents costs associated with the launch of strategic projects including supply chain management improvements and technology infrastructure initiatives.

(3) Includes contested proxy and related legal and consulting costs and facility closure costs.

(4) Includes severance and related expenses for the Company’s transition of executive officers and organizational redesign.

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