Jack in the Box adds two directors, forms capital allocation committee under cooperation deal with GreenWood

JACK IN THE BOX INC

• Appoints Mark King (ex-Taco Bell CEO) and Alan Smolinisky (LA Dodgers co-owner) as independent directors, expanding board to 10.
• Board forms advisory Capital Allocation Committee chaired by Smolinisky; also includes Tucker and Ramirez Mena.
• GreenWood agrees to vote for board nominees, standstill capped at 12.5% ownership, and receives up to $175k expense reimbursement.
• Smolinisky beneficially owns 169,349 shares; King owns none as of appointment date.
• Agreement runs until 30 days before 2027 AGM deadline or 120 days after 2026 AGM, subject to earlier termination.