On May 3, 2023, Primo Water Corporation announced that it has entered into Cooperation Agreement with Legion Partners, pursuant to the Cooperation Agreement, the Company has appointed 2 of Legion’s nominees Derek R. Lewis and Lori T. Marcus to the board and nominated them for election at the meeting, withdrawn the nomination of 2 incumbent directors Gregory Monahan and Eric Rosenfeld. In addition, the Company stated that, pursuant to the Cooperation Agreement, Legion has withdrawn its nomination notice for the meeting and has stopped pursuing its complaints and requests for relief to the Ontario Securities Commission and the Toronto Stock Exchange, Legion has also agreed to cease all solicitations of proxies and other activities in connection with the meeting and to vote all of its common shares in accordance with the board’s recommendations at the meeting, subject to limited exceptions set forth in the Cooperation Agreement.