CAVA Group, Inc. on June 14, 2023, effective immediately following the pricing of the Offering, Charles J. Chapman, III and David Strasser each resigned from their positions as director of the Company. The company also announced Lauri Shanahan was elected to serve as a new member of the Company’s Board, as the chair of the People, Culture and Compensation Committee, and as a member of the Nominating, Governance and Sustainability Committee. The Board has determined that Lauri Shanahan meets the applicable independence standards set forth in Section 303A of the New York Stock Exchange Listed Company Manual.

The Certificate of Incorporation provides for a classified board of directors. Ms. Shanahan is a Class I director and shall initially serve for a term expiring at the first annual meeting of stockholders following the Offering. Commencing with the first annual meeting following the Offering, directors in the class whose term expires at the annual meeting shall be elected for a three year term.