On November 12, 2019, Dean Foods Company (the ‘Company’), and certain of its subsidiaries (together with the Company, the ‘Debtors’) each filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code (the ‘Bankruptcy Code’) in the United States Bankruptcy Court for the Southern District of Texas (the ‘Bankruptcy Court’). The Debtors’ chapter 11 cases have been consolidated for procedural purposes only and are being jointly administered under the caption In re Southern Foods Groups, LLC, et al., Case No. 19-36313 DRJ (jointly administered) (the ‘Chapter 11 Cases’). After an exhaustive marketing and sale process, the Bankruptcy Court approved seven sale transactions (the ‘Sale Transactions’) with six different buyers for substantially all of the Debtors’ assets. The Sale Transactions included sales with and for the following: Dairy Farmers of America Inc. acquiring 44 plants; Prairie Farms Dairy Inc. acquiring eight plants; Mana Saves McArthur, LLC acquiring the Miami, Florida plant; Producers Dairy Foods Inc. acquiring the Reno, Nevada plant and the “Berkeley Farms” trademark and related intellectual property; Harmoni Inc. acquiring all assets, rights, and properties in connection with the “Uncle Matt’s Organic” branded juice products and popsicles; and MGD Acquisition, LLC acquiring the Hilo facility and related distribution branches on the Big Island, Kauai and Maui as well as the use of the Meadow Gold Hawaii brand name. The Debtors closed all of the Sale Transactions between April 30, 2020 and May 5, 2020 for an aggregate sales price of approximately $545 million, which includes approximately $104.7 million in cure cost obligations assumed by DFA, plus certain other liabilities assumed by purchasers in the respective Sale Transactions. In connection with the consummation of the Sale Transactions, between May 1, 2020 and May 6, 2020 each of Janet Hill, J. Wayne Mailloux, Helen McCluskey, John R. Muse and B. Craig Owens resigned from the board of directors (the ‘Board’) of the Company and any committees of the Board on which they served and each of Eric Beringause, David Bernard, Thomas N. Murray, Brian K. Riley, Kristy N. Waterman and Gregory Wolljung resigned from their respective senior management positions with the Company and its subsidiaries. After giving effect to the foregoing resignations, the remaining members of the Board are Chairman Jim L. Turner and Eric Beringause and the remaining members of the Company’s executive management team are Gary W. Rahlfs, Chief Financial Officer and Senior Vice President and Jeff Dawson, Chief Accounting Officer and Senior Vice President.