On April 1, 2024, The Accountability Board, Inc. filed an exempt solicitation statement soliciting proxies and urged the shareholders of Noodles & Company to vote for a shareholder proposal, regarding greenhouse gas emissions reporting, at the Company?s annual shareholders meeting. The Accountability Board stated that it writes this note to share the following context regarding the Company statement opposing the shareholder proposal in its proxy statement. The Accountability Board stated that within the single paragraph that comprises the Company?s opposition statement is a critical parenthetical stating that the Company is a ?smaller reporting company?

and, thus, exempt from the SEC?s greenhouse gas emissions disclosure requirements. That is, although the new SEC rules comprise the entire focus of the Company?s opposition, nothing in those new rules would prevent the Company from providing the emissions disclosures or reduction targets called for in the proposal.