Middleby extends cooperation agreement with Garden Investment

Middleby Corp (NASDAQ: MIDD) entered into an amendment to its cooperation agreement with Garden Investment Management on January 6, extending the arrangement for another year, according to a company statement.

The amendment extends the original cooperation agreement dated February 24, 2025. Under the extended terms, Middleby will include Ed Garden in its slate of nominees for director election at the company's 2026 annual meeting of stockholders.

The company's board of directors will recommend, support and solicit proxies for Garden's election to the board at the 2026 annual meeting. Garden Investment Management will continue to abide by standstill restrictions and voting commitments outlined in the original cooperation agreement.

The standstill period will remain in effect until Garden ceases to serve on the board or 45 days prior to the advance notice deadline for the company's 2027 annual meeting of stockholders, whichever occurs earlier.

Both parties will continue to follow mutual non-disparagement provisions set forth in the cooperation agreement during the extended standstill period.

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