The Chefs' Warehouse, Inc. Announces Board Changes
February 20, 2019 at 06:31 am EST
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As part of the previously announced Cooperation Agreement, dated January 15, 2018, between The Chefs' Warehouse, Inc. and an investor group led by Legion Partners Asset Management, LLC on February 19, 2019, the Company notified Ms. Christina Carroll and Mr. David E. Schreibman that they would not be nominated to stand for re-election to the Board of Directors at the 2019 Annual Meeting of Stockholders. Pursuant to the Cooperation Agreement, Ms. Carroll and Mr. Schreibman were appointed to the Board in February 2018, and subsequently nominated for re-election at the 2018 Annual Meeting of Stockholders. Under the terms of the Cooperation Agreement, the Company is not obligated to re-nominate Ms. Carroll and Mr. Schreibman for re-election at the 2019 Annual Meeting as a result of the liquidation in ownership of shares of the Company's common stock held by the Legion Group. Mr. Schreibman served on the Compensation and Human Capital Committee and Ms. Carroll served on the Audit Committee and Nominating and Corporate Governance Committee. Until the expiration of their terms at the 2019 Annual Meeting, each of Ms. Carroll and Mr. Schreibman will continue to serve as a director and on their respective committees. The vacant Board seats will not be replaced.
The Chefs' Warehouse, Inc. is a distributor of specialty food products in the United States, the Middle East and Canada. The Company offers stock-keeping units (SKUs), ranging from specialty foods and ingredients to basic ingredients and staples, produce and center-of-the-plate proteins. Its product categories include center-of-the-plate, dry goods, pastry, cheeses and charcuterie, produce, dairy and eggs, oils and vinegars and kitchen supplies. It operates through the food product distribution segment, which is concentrated primarily in the United States. The Companyâs customer base consists primarily of menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos and specialty food stores. Its center-of-the-plate products include custom cut beef, seafood and hormone-free poultry, as well as produce and food products, such as cooking oils, butter, eggs, milk and flour.
THE CHEFS' WAREHOUSE, INC. 
