Jack in the Box names Mark King and Alan Smolinisky to Board

Jack in the Box (JACK) “announced the appointment of two new independent directors, Mark King and Alan Smolinisky, to the Company’s Board of Directors, effective within five business days. Messrs. King and Smolinisky are being appointed in connection with a cooperation agreement between the Company and one of its stockholders, GreenWood Investors, LLC, following constructive engagement. With the addition of these two directors, the Board will expand its size to 10 members. In connection with the cooperation agreement, the Board will form a Capital Allocation Committee, to be chaired by Mr. Smolinisky. GreenWood has agreed to vote its shares in favor of all of the Board’s director nominees at the Company’s 2026 Annual Meeting of Stockholders, and has also agreed to customary standstill, voting and other provisions.”