BRC Inc. announced that Evan Hafer assume the role of Founder and Executive Chairman of the Board effective January 1, 2024. On December 22, 2023, the Company and Mr. Hafer entered into a letter agreement pursuant to which Mr. Hafer has agreed to receive an annual base salary of $1 and not participate in the Company?s annual incentive program in connection with his new role. The remaining terms of Mr. Hafer?s Employment Agreement, dated December 29, 2022, remain unchanged.

The foregoing description of the letter agreement between the Company and Mr. Hafer does not purport to be complete and is qualified in its entirety by reference to the full text of the letter agreement, which will be filed as an exhibit to the Company?s Annual Report on Form 10-K for the year ending December 31, 2023.