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Stock impact report

Summer Road Calls on the Board of Ingles Markets to Stop Wasting Shareholder Resources on Fabricated Issues to Mislead Shareholders

Ingles Markets, Incorporated - Class A (IMKTA) 
Company Research Source: Business Wire
Rory A. Held Has No Conflict of Interest with Ingles Shareholders and Would Owe a Fiduciary Duty to ALL Ingles Shareholders if Elected to the BoardMr. Held Is More Aligned With Shareholders Than Rebekah Lowe and Dwight Jacobs, Neither of Whom Owns a Single Ingles Share WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Summer Road LLC (“Summer Road” or “we”) today issued the following statement in response to Ingles Markets, Incorporated’s (NASDAQ: IMKTA) (“Ingles” or the “Company”) repeated dishonest and misleading public statements.“The Company’s daily, disjointed attacks on Summer Road should make shareholders question the judgment of the incumbent Board and its vehement opposition to the election of a truly independent Class A shareholder voice. To suggest that Rory A. Held, due to being a trustee of Summer Road’s family office client, would be prohibited from acting in the best interest of Ingles shareholders demonstrates the Board’s complete lack of understanding of public company gover Show less Read more
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