Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 48

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 48
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 may have an interest in
pursuing acquisitions, divestitures, 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.

As we have received the
Requisite Consents in connection with the Consent Solicitations, we expect to effectuate the Proposed Amendments and, as a result, we expect the Beneficial Ownership Sunset Time will occur and the resulting changes to our capital structure will be
effectuated. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations of BlueTriton—Recent Developments—The Refinancing Transactions.” 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 and ORCP, as 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, 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.

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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