On August 14, 2025, Hugh J. Carroll was appointed to the Board as an executive director. In connection with the appointment, the Board desired to add a Board member with extensive experience and knowledge in international restaurant operations and franchising. Mr. Carroll was appointed as a director because of his role as President of International of the Company, his executive experience, his international experience, and his in-depth knowledge of the restaurant industry and the Company. Mr. Carroll retired from his management role at the Company at the beginning of January 2026 and is currently serving on the Board as a non-independent non-employee director.