Alexander Slagle

Brian Harbour

Edward Kelly

Jeffrey Bernstein

John Heinbockel

Kelly Bania

Peter Saleh

Andrew Paul Wolf

Jake Bartlett

Mark Carden

Lauren Silberman

Carla Casella

Jacob Aiken-Phillips

Matthew Roth

- Performance Food Group Company (PFG) announced the appointment of **Scott Ferguson**, Founder and Managing Partner of Sachem Head Capital Management LP, to its Board of Directors, effective **September 23, 2025**.  **[1618673_0001193125-25-213333_pfgc-ex99_1.htm:0]** **[1618673_0001193125-25-213333_pfgc-20250923.htm:1]** **[1618673_0001193125-25-213333_pfgc-20250923.htm:2]** **[1618673_0001193125-25-213333_pfgc-ex10_1.htm:15]** 
- This appointment is part of a **cooperation agreement** with Sachem Head, which led to Sachem Head **withdrawing its notice of nomination of candidates** for the 2025 annual meeting and agreeing to customary standstill, voting, and confidentiality commitments.  **[1618673_0001193125-25-213333_pfgc-ex99_1.htm:0]** **[1618673_0001193125-25-213333_pfgc-20250923.htm:1]** **[1618673_0001193125-25-213333_pfgc-ex10_1.htm:1]** **[1618673_0001193125-25-213333_pfgc-ex10_1.htm:15]** 
- The board size increased to **13 directors**, with **12 independent**, and Mr. Ferguson will serve on the **Audit and Finance Committee**.  **[1618673_0001193125-25-213333_pfgc-ex99_1.htm:0]** **[1618673_0001193125-25-213333_pfgc-20250923.htm:1]** **[1618673_0001193125-25-213333_pfgc-ex10_1.htm:1]** **[1618673_0001193125-25-213333_pfgc-20250923.htm:2]** **[1618673_0001193125-25-213333_pfgc-ex10_1.htm:15]** 
- Sachem Head beneficially owns **3,350,000 shares of common stock**, and Mr. Ferguson's board position is contingent on Sachem Head maintaining a minimum **1.0% net long position** in the company's common stock.  **[1618673_0001193125-25-213333_pfgc-20250923.htm:1]** **[1618673_0001193125-25-213333_pfgc-ex10_1.htm:2]** **[1618673_0001193125-25-213333_pfgc-ex10_1.htm:15]**

Performance Food Group Appoints Sachem Head Founder to Board

- Performance Food Group Company (PFGC) **entered into a clean team agreement with US Foods Holding Corp. (US Foods)** on **September 15, 2025**, to facilitate the sharing of certain non-public, confidential, and proprietary information.  **[1618673_0001193125-25-204256_d45145dex991.htm:0]** **[1618673_0001193125-25-204256_d45145d8k.htm:2]** 
- The agreement's purpose is to **evaluate regulatory considerations and potential synergies** related to a **potential business combination** between the two companies.  **[1618673_0001193125-25-204256_d45145dex991.htm:0]** **[1618673_0001193125-25-204256_d45145d8k.htm:2]** 
- PFG has engaged with its large stockholders and US Foods to explore this potential combination.  **[1618673_0001193125-25-204256_d45145dex991.htm:0]** 
- There is **no assurance** that this information sharing will result in any transaction proposal, or any certainty regarding its outcome or timing.  **[1618673_0001193125-25-204256_d45145dex991.htm:0]**

Performance Food Group Enters Information Sharing Agreement with US Foods

Performance Food Group (PFGC)