Lamb Weston Holdings, Inc. — fact timeline

Lamb Weston Holdings, Inc. announced a restructuring with charges of approximately $80 million to $110 million affecting manufacturing facility in Broekhuizenvorst, the Netherlands.

“better align our global manufacturing footprint with customer needs. In connection with the planned facility closure, we expect to incur total pre-tax charges of approximately $80 million to $110 million, substantially all of which are expected to be recognized in our fiscal year ending May 30, 2027. We estimate at least 20% of these charges will result in future”

Lamb Weston Holdings, Inc. terminated 2022 Facility Agreement with HSBC Bank (China) Company Limited, Shanghai Branch (effective 2026-05-22).

“On May 22, 2026, the 2022 Facility was repaid and terminated in connection with LW Ulanqab’s borrowing under the Term Loan Facility.”

Lamb Weston Holdings, Inc. entered into New Facility Agreement with HSBC Bank (China) Company Limited, Shanghai Branch valued at RMB 700,000,000 (approximately USD 102,940,000 equivalent) (effective 2026-05-19).

“(the “Company”), entered into a Facility Agreement (the “New Facility Agreement”) with the financial institutions party thereto and HSBC Bank (China) Company Limited, Shanghai Branch, as the facility agent (the “Facility Agent”), providing for an RMB 700,000,000 (approximately USD 102,940,000 equivalent as of May 19, 2026 based on prevailing exchange rates on that date) term loan facility (the “Term Loan Facility”).”

Lamb Weston Holdings, Inc. incurred term loan of RMB 700,000,000 with HSBC Bank (China) Company Limited, Shanghai Branch at prime rate for five-year loans published by the PRC National Interbank Funding C maturing May 22, 2031.

“On May 19, 2026, Ulanqab Lamb Weston Food Co., Ltd. (“LW Ulanqab”), a limited liability company incorporated under the laws of the People’s Republic of China (the “PRC”) and a wholly owned subsidiary of Lamb Weston Holdings, Inc. (the “Company”), entered into a Facility Agreement (the “New Facility Agreement”) with the financial institutions party thereto and HSBC Bank (China) Company Limited, Shanghai Branch, as the facility agent (the “Facility Agent”), providing for an RMB 700,000,000 (approximately USD 102,940,000 equivalent as of May 19, 2026 based on prevailing exchange rates on that date) term loan facility (the “Term Loan Facility”).”

Lamb Weston Holdings, Inc. reported the third quarter of fiscal 2026 results: revenue $1,564.8, net income $54.0, EPS $0.39.

“for fiscal 2026. Summary of Third Quarter FY 2026 Results ($ in millions, except per share) Q3 2026 Year-Over-Year Growth Rates YTD 2026 Year-Over-Year Growth Rates Net sales $ 1,564.8 3 % $ 4,842.2 1 % Income from operations $ 126.6 (49) % $ 422.3 (12) % Net income $ 54.0 (63) % $ 180.4 (24) % Diluted EPS $ 0.39 (62) % $ 1.29 (22) % Adjusted Income from”

Lamb Weston Holdings, Inc. announced a restructuring with charges of approximately $50 million to $60 million affecting manufacturing facility in Munro, Argentina and consolidate production for the Latin America region to our new facility in Mar del Plata, Argentina.

“closure is part of our efforts to improve operating efficiency. In connection with the planned facility closure, we expect to incur total pre-tax charges of approximately $50 million to $60 million, substantially all of which are expected to be recognized in our fiscal year ending May 31, 2026. We estimate about half of these charges will result in future”

Sukshma Rajagopalan resigned as Chief Information and Digital Officer at Lamb Weston Holdings, Inc..

“On October 11, 2024, Sukshma Rajagopalan notified Lamb Weston Holdings, Inc. (the “Company”) of her intention to resign as Chief Information and Digital Officer, effective October 25, 2024, to pursue another opportunity.”

Norman Prestage was appointed as director at Lamb Weston Holdings, Inc..

“On September 26, 2024, the Board of Directors (the “Board”) of Lamb Weston Holdings, Inc. (“Lamb Weston” or “we”) increased the size of the Board from ten to eleven members and appointed Norman Prestage to serve as a director on the Board.”

Lamb Weston Holdings, Inc. terminated Existing Term Loan Credit Agreement.

“The Term Loan Credit Agreement replaces the Company’s existing Credit Agreement, dated as of June 28, 2019 (as amended, the “Existing Term Loan Credit Agreement”)”

Lamb Weston Holdings, Inc. terminated Existing Revolving Credit Agreement.

“The Revolving Credit Agreement replaces the Company’s existing Credit Agreement, dated as of November 9, 2016 (as amended, the “Existing Revolving Credit Agreement”)”

Lamb Weston Holdings, Inc. entered into Amended and Restated Credit Agreement with AgWest Farm Credit, PCA, as administrative agent valued at $325.0 million (effective 2024-05-03).

“On the Closing Date, the Company entered into the Amended and Restated Credit Agreement (the “Term Loan Credit Agreement”), among the Company, as the borrower, the guarantors party thereto, the lenders from time to time party thereto and AgWest Farm Credit, PCA, as administrative agent.”

Lamb Weston Holdings, Inc. entered into Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent valued at $1.5 billion (effective 2024-05-03).

“On May 3, 2024 (the “Closing Date”), Lamb Weston Holdings, Inc. (the “Company”) entered into the Amended and Restated Credit Agreement (the “Revolving Credit Agreement”), among the Company, as a borrower, Lamb-Weston/Meijer v.o.f. (“LW EMEA”), as a borrower, the guarantors party thereto, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent.”

Lamb Weston Holdings, Inc. reported the fiscal third quarter 2024 results: revenue $1,458.3 million, net income $146.1 million, EPS $1.01. Guidance lowered.

“North America and a $25 million pre-tax charge (1) for the write-off of excess raw potatoes • GAAP Results as Compared to Third Quarter Fiscal 2023: ◦ Net sales increased 16% to $1,458 million, including $357 million of incremental sales attributable to the LW EMEA Acquisition ◦ Income from operations declined 16% to $224 million ◦ Net income declined 17% to $146”

Lamb Weston Holdings, Inc. reported second quarter of fiscal 2024 results: net income $215.0 million, EPS $1.48. Guidance raised.

“Lamb Weston Holdings, Inc. announced its financial results for the fiscal second quarter 2024. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated herein by reference.”

Lamb Weston Holdings, Inc. reported the first quarter of fiscal 2024 results: revenue $1,665 million, net income $235 million, EPS $1.60. Guidance raised.

“2024 Results; Raises Fiscal Year 2024 Outlook ​ First Quarter Fiscal 2024 Highlights ● GAAP Results as Compared to First Quarter Fiscal 2023: o Net sales increased 48% to $1,665 million, which includes $375 million of incremental sales attributable to acquisitions o Income from operations increased 106% to $323 million o Net income increased to $235 million from”

Lamb Weston Holdings, Inc. shareholders approved Ratification of KPMG LLP as independent auditors for fiscal year ending May 26, 2024 at the 2023-09-28 meeting.

“Our stockholders ratified the selection of KPMG LLP as our independent auditors for the fiscal year ending May 26, 2024, based on the following voting results: For Against Abstain 128,009,627 372,951 136,844”

Lamb Weston Holdings, Inc. shareholders approved Advisory proposal on frequency of future advisory votes on executive compensation at the 2023-09-28 meeting.

“Our stockholders approved the advisory proposal on the frequency for future advisory proposals to approve our executive compensation with a frequency of one year, based on the following voting results: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 114,453,469 157,719 2,101,866 170,924 11,635,444”

Lamb Weston Holdings, Inc. shareholders approved Advisory proposal to approve fiscal 2023 executive compensation at the 2023-09-28 meeting.

“Our stockholders approved the advisory proposal for our fiscal 2023 executive compensation, based on the following voting results: For Against Abstain Broker Non-Votes 102,350,892 14,128,705 404,381 11,635,444”

Lamb Weston Holdings, Inc. shareholders approved Election of 11 directors to serve a one-year term until the 2024 annual meeting at the 2023-09-28 meeting.

“Our stockholders elected 11 directors to each serve a one-year term on our Board of Directors (the “Board”) until our 2024 annual meeting of stockholders or until his or her successor has been duly chosen and qualified, based on the following voting results: Director For Against Abstain Broker Non -Votes Peter J. Bensen 116,443,155 271,946 168,877 11,635,444 Charles A. Blixt 103,185,032 13,527,930 171,016 11,635,444 Robert J. Coviello 112,353,391 4,362,893 167,694 11,635,444 Rita Fisher 116,514,613 212,116 157,249 11,635,444 André J. Hawaux 116,370,911 342,659 170,408 11,635,444 W.G. Jurgensen 112,846,434 3,847,790 189,754 11,635,444 Thomas P. Maurer 116,380,111 331,874 171,993 11,635,444 Hala G. Moddelmog 112,431,035 4,289,516 163,427 11,635,444 Robert A. Niblock 116,436,310 275,201 172,467 11,635,444 Maria Renna Sharpe 111,249,475 5,478,621 155,882 11,635,444 Thomas P. Werner 116,376,775 332,426 174,777 11,635,444”

Lamb Weston Holdings, Inc. reported Fiscal 2024 results: revenue $6.7 billion to $6.9 billion, net income $725 million to $790 million, EPS $4.95 to $5.40. Guidance initiated.

“● Net sales of $6.7 billion to $6.9 billion ● Net income of $725 million to $790 million, and Diluted EPS of $4.95 to $5.40”

Lamb Weston Holdings, Inc. reported Full Year Fiscal 2023 results: revenue $5,351 million, net income $1,009 million, EPS $6.95.

“● GAAP Results as Compared to Full Year Fiscal 2022: o Net sales increased 31% to $5,351 million, which includes $421 million of incremental sales attributable to acquisitions o Income from operations increased 98% to $882 million o Net income increased to $1,009 million from $201 million o Diluted EPS increased to $6.95 from $1.38”

Lamb Weston Holdings, Inc. reported Fourth Quarter Fiscal 2023 results: revenue $1,695 million, net income $499 million, EPS $3.40.

“● GAAP Results as Compared to Fourth Quarter Fiscal 2022: o Net sales increased 47% to $1,695 million, which includes $381 million of incremental sales attributable to acquisitions o Income from operations increased 38% to $187 million o Net income increased to $499 million from $32 million o Diluted EPS increased to $3.40 from $0.22”

Rita Fisher was appointed as Director at Lamb Weston Holdings, Inc..

“On July 19, 2023, the Board of Directors (the “Board”) of Lamb Weston Holdings, Inc. (“Lamb Weston” or “we”) increased the size of the Board from ten to eleven members and appointed Rita Fisher to serve as a director on the Board.”

Marc Schroeder was appointed as President, International at Lamb Weston Holdings, Inc..

“Marc Schroeder will become the Company’s President, International”

Sharon Miller was appointed as President, North America at Lamb Weston Holdings, Inc..

“Sharon Miller will become the Company’s President, North America”

Michael J. Smith was appointed as Chief Operating Officer at Lamb Weston Holdings, Inc..

“On April 7, 2023, Michael J. Smith, Senior Vice President and General Manager of Foodservice, Retail, Marketing and Innovation of Lamb Weston Holdings, Inc. (“LW” or the “Company”), was appointed Chief Operating Officer of the Company, effective May 29, 2023.”

Lamb Weston Holdings, Inc. reported fiscal third quarter 2023 results: revenue $1,254 million, net income $175 million, EPS $1.21. Guidance raised.

“Updates Fiscal Year 2023 Outlook ​ Third Quarter Fiscal 2023 Highlights ● GAAP Results as Compared to Third Quarter Fiscal 2022: o Net sales increased 31% to $1,254 million o Income from operations increased 99% to $266 million o Net income increased 64% to $175 million o Diluted EPS increased 66% to $1.21 ● Non-GAAP Results as Compared to Third Quarter Fiscal 2022: o Adjusted Income from Operations (1) increased 96% to $262 million o Adjusted Net Income (1) increased 125% to $207 million o Adjusted Diluted EPS (1) increased 127% to $1.43 o Adjusted EBITDA including unconsolidated joint ventures (1) increased 72% to $346 million ● Paid $35 million in cash dividends and repurchased $12 million of common stock ​ Updated Fiscal 2023 Outlook ● Updated financial targets include the consolidation of the European joint venture in the fiscal fourth quarter ● Net sales of $5.25 billion to $5.35 b”

Lamb Weston Holdings, Inc.: Amended and restated bylaws to update stockholder nomination and proposal procedures, implement proxy access, and make other changes (effective 2023-03-23).

“On March 23, 2023, the Board of Directors (the “Board”) of Lamb Weston Holdings, Inc. (“LW” or the “Company”) approved an amendment and restatement of the Company’s Bylaws, effective immediately (as so amended and restated, the “Amended Bylaws”).”

Lamb Weston Holdings, Inc. completed an acquisition involving Meijer Beheer B.V. for approximately €531.6 million (including approximately €6.6 million of interest payable pursuant to the Purchase Agreement) and 1,952,421 shares of LW’s common s (closed 2023-02-28).

“On the Closing Date, LW, through its wholly owned subsidiary LWH, acquired from MB 100% of the equity interests in MFF for a purchase price consisting of (i) cash consideration of approximately €531.6 million (including approximately €6.6 million of interest payable pursuant to the Purchase Agreement), subject to certain post-closing adjustments pursuant to the Purchase Agreement, and (ii) the LW Shares, as discussed above.”

Lamb Weston Holdings, Inc. amended Fourth Amendment to Credit Agreement with AgWest Farm Credit, PCA valued at $450.0 million (effective 2023-01-31).

“On January 31, 2023, Lamb Weston Holdings, Inc. (the “Company”) entered into the Fourth Amendment to Credit Agreement (the “Fourth Amendment”), which amends the Company’s existing Credit Agreement, dated as of June 28, 2019 (as amended by the First Amendment to Credit Agreement, dated as of April 17, 2020, the Second Amendment to Credit Agreement, dated as of September 23, 2020, and the Third Amendment to Credit Agreement, dated as of August 11, 2021, the “Existing Credit Agreement” and, as further amended by the Fourth Amendment, the “Amended Credit Agreement”), among the Company, the guarantors party thereto, the lenders from time to time party thereto and AgWest Farm Credit, PCA (as successor by merger to Northwest Farm Credit Services, PCA), as administrative agent.”

Lamb Weston Holdings, Inc. reported fiscal year 2023 results: revenue $4.8 billion to $4.9 billion, net income $580 million to $620 million, EPS $4.03 to $4.28. Guidance raised.

“Updated Fiscal 2023 Outlook ● Net sales of $4.8 billion to $4.9 billion ● Net income of $580 million to $620 million, and Diluted EPS of $4.03 to $4.28”

Lamb Weston Holdings, Inc. reported fiscal second quarter 2023 results: revenue $1,277 million, net income $103 million, EPS $0.71.

“Second Quarter Fiscal 2023 Highlights ● GAAP Results as Compared to Second Quarter Fiscal 2022: o Net sales increased 27% to $1,277 million o Income from operations increased 138% to $272 million o Net income increased 217% to $103 million o Diluted EPS increased 223% to $0.71”

Bernadette Madarieta changed role as Senior Vice President and Chief Financial Officer at Lamb Weston Holdings, Inc..

“Mr. Jones will succeed Bernadette Madarieta, our current Vice President and Controller, who will assume the position of Senior Vice President and Chief Financial Officer on August 6, 2021.”

Gregory W. Jones was appointed as Vice President and Controller at Lamb Weston Holdings, Inc..

“On July 22, 2021, the Board of Directors of Lamb Weston Holdings, Inc. (“we,” “our, “us” or the “Company”) appointed Gregory W. Jones as our Vice President and Controller, effective August 6, 2021.”