ARC Worldwide : ARCW Notice of Annual Meeting of Shareholders & Proxy Statement w/ Exhibits

ARC GROUP WORLDWIDE, INC.

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

to be held

January 18, 2022

10:00 AM Mountain Standard Time

at

ARC Colorado, Inc.

a Colorado Corporation

7040 Weld CR 20

Longmont, CO, 80504

To the Shareholders of ARC Group Worldwide, Inc.:

The Annual Meeting of the shareholders of ARC Group Worldwide, Inc. ("we", "us", "our", "ARC" or the "Company"), will be held on January 18, 2022, at 10:00 AM (Mountain Standard Time) (the "Annual Meeting") at the offices of ARC Colorado, Inc., a Colorado corporation, 7040 Weld CR 20, Longmont, CO, 80504 for the following purposes:

1. To elect six director nominees to the ARC Board of Directors (the "Board of Directors"), each to hold office until the next Annual Meeting of shareholders or until their respective successors have been elected and qualified;
2. To approve the Legacy Business Sale, consisting of: (a)(i) the sale to ARC Acquisition Corp. ("AAC") of all equity interests of Company subsidiaries (1) Quadrant Metals Technologies, LLC, a Delaware limited liability company ("QMT"), (2) ARC Florida LLC, a Delaware limited liability company ("ARC Florida"); (b) the sale of all equity interests of AFT-Hungary Kft., a Hungarian Korlátolt Felelősségű Társaság (limited liability company) ("AFT-Hungary") to an affiliate of AAC; (c) the sale of substantially all of the assets of ARC Colorado, Inc., a Colorado corporation ("ARC Colorado (CO)") to ARC Colorado Inc., a Delaware corporation ("ARC Colorado (DE)"), a wholly owned subsidiary of AAC; (d) after giving effect to the sale of such ARC Colorado (CO) assets, the sale of all shares of ARC Colorado (CO) to a third-party; and (iv) the sale of certain intellectual property and miscellaneous assets of the Company to AAC (the "Parent Assets"); (e) the approval of the respective transactional agreements contemplated to effectuate all such sales; and (f) authorization for the Company to take any and all further actions which are necessary or advisable to consummate all such sales. The QMT, ARC Florida, AFT Hungary, ARC Colorado (CO) assets, ARC Colorado (CO) shares and the Parent Assets are collectively referred to herein collectively as the "Legacy Businesses"); and such transactions thereto, collectively, the "Legacy Business Sale" and such agreements thereof, the "Legacy Business Agreements");
3. To disclose the prospective acquisition by the Company of RM2 International S.A. ("RM2"; and the acquisition thereof, the "RM2 Acquisition") to the shareholders of the Company; and
4. To transact any other business that has properly come before the Annual Meeting.

YOUR VOTE IS VERY IMPORTANT

Only the shareholders of record as shown on the transfer books at the close of business on December 20, 2021, are entitled to notice of, and to vote at, the Annual Meeting (the "Record Date"). We anticipate that such notice will be mailed to shareholders on or about January 4, 2022.

After careful consideration, the ARC Board of Directors has unanimously determined that the proposed actions described below are advisable and in the best interests of ARC shareholders and unanimously recommends that you vote:

• "FOR" EACH OF THE SIX NOMINEES FOR ELECTION AS DIRECTORS WHOSE NAMES ARE SET FORTH ON THE PROXY CARD.

ARC Group Worldwide, Inc.

Notice of Annual Meeting of Shareholders

• "FOR" APPROVAL OF THE LEGACY BUSINESS SALE.

The ARC Board of Directors has created a special committee comprised solely of independent and disinterested directors (the "Special Committee") to act with respect to the Legacy Business Sale and RM2 Acquisition, whose recommendation to the shareholders regarding the Legacy Business Sale is further presented herein.

This notice contains instructions on how you may access and review our proxy materials on the Internet and how you may vote your shares. The notice also contains information concerning how to request our proxy materials by e-mail, at no charge. We anticipate that the notice will be mailed to shareholders on or about January 4, 2022. If you hold shares of our Common Stock, $.0005 par value per share (the "Common Stock") in "street name" through a broker, rather than directly in your own name, you should contact your broker to request paper proxy packages.

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE SHAREHOLDER MEETING TO BE HELD ON JANUARY 18, 2022:

Our notice of annual meeting, proxy statement and instructions for the voting of shares are available on the Internet at https://arcw.com/about/investor-relations/.

Additional copies of our proxy materials may also be requested in printed form or by e-mail, at no charge, by calling [phone] or requested via e-mail at [e-mail].

You may contact us by calling or writing our Colorado office to obtain directions to be able to attend the meeting and vote in person: ARC Group Worldwide, Inc., 7040 Weld CR 20, Longmont, CO, 80504; Telephone: [phone].

If you wish to attend the 2022 Annual Meeting in person, please RSVP to the following e-mail address no later than 12:00 pm (Eastern Standard Time), Friday, January 14, 2022: [e-mail]. In order to be admitted into the Annual Meeting, your name must appear on the attendance list and you must present government-issuedphoto identification (such as a driver's license). Due to the public health impact of the Corona virus pandemic (COVID-19),shareholders of record will only be admitted to the Annual Meeting if wearing an appropriate face covering and not having any symptoms of COVID-19.The Company reserves the right to take temperatures at the door. Anyone with a temperature in excess of 100.3 will not be admitted. Social distancing will be required once admitted. Shareholders holding stock in brokerage accounts must bring a brokerage statement or other evidence of share ownership as of December 20, 2021, in order to be admitted to the meeting.

All shareholders, regardless of whether they expect to attend the Annual Meeting in person, are requested to complete and return the proxy. The person executing the proxy may revoke it by filing with the Chief Executive Officer of the Company an instrument of revocation or a duly executed proxy bearing a later date, or by choosing to vote in person at the Annual Meeting.

ALL SHAREHOLDERS ARE EXTENDED A CORDIAL INVITATION TO ATTEND THE ANNUAL MEETING.

/s/ Jedidiah D. Rust Jedidiah D. Rust Chief Executive Officer December 30, 2021

ii

ARC GROUP WORLDWIDE, INC.

ANNUAL MEETING OF SHAREHOLDERS

to be held

January 18, 2022

10:00 AM Mountain Standard Time

at

ARC Colorado, Inc., a Colorado corporation, 7040 Weld CR 20, Longmont, CO, 80504

PROXY STATEMENT

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	ARC GROUP WORLDWIDE, INC.
	PROXY STATEMENT
	TABLE OF CONTENTS
QUESTIONS AND ANSWERS.......................................................................................................................................................	8
Q:	Why am I receiving these materials?.............................................................................................................................	8
Q:	What am I being asked to vote on?................................................................................................................................	8
Q:	What quorum and vote is required in connection with the proposals?...........................................................................	8
Q:	What happens if I do not vote?......................................................................................................................................	9
Q:	What happens if I abstain?.............................................................................................................................................	9
Q:	What is the difference between holding shares as a shareholder of record and as a beneficial owner? .........................	9
Q:	If my shares are held in "street name" by my broker, will my broker vote my shares for me? .....................................	9
Q:	How can I vote my shares in person at the Annual Meeting?......................................................................................	10
Q:	How can I vote my shares without attending the Annual Meeting? ............................................................................	10

1. May I change my vote after I have submitted a proxy electronically, by telephone or mailed my signed proxy card?10

Q:	Who can attend the Annual Meeting of the Shareholders in person? Must I RSVP? .................................................	11
Q:	If I want to attend the Annual Meeting, what do I do? ................................................................................................	11
Q:	Do I have dissenters' rights or appraisal rights as a holder of ARC's Common Stock? ..............................................	11
Q:	Who is paying for this proxy solicitation?...................................................................................................................	11
Q:	Why is the Company Acquiring RM2? .......................................................................................................................	11
Q:	Why am I not being asked to vote on the RM2 Acquisition? ......................................................................................	12
Q:	Who can help answer my additional questions about the Legacy Business Sale? .......................................................	12
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS ........................................................	13
PROXY STATEMENT SUMMARY.............................................................................................................................................	14
Date, Time, Place and Purpose ..................................................................................................................................................	14
Solicitation of Proxies................................................................................................................................................................	14
Record Date, Shares Outstanding and Entitled to Vote..............................................................................................................	15
How to Vote Your Shares ..........................................................................................................................................................	15
How do I attend the Annual Meeting? .......................................................................................................................................	16
How to Change Your Vote.........................................................................................................................................................	16
Counting Your Vote...................................................................................................................................................................	17
Quorum and Required Votes......................................................................................................................................................	17
Abstentions and Broker "Non-Votes"........................................................................................................................................	17
What will I receive in the Legacy Business Sale?......................................................................................................................	18
What do I need to do now? ........................................................................................................................................................	18
Can I revoke my proxy?.............................................................................................................................................................	18
What happens if I sell my shares of Common Stock after the Record Date but before the Annual Meeting? ...........................	18
What happens if I sell my shares after the Annual Meeting but before the date of the closing of the Legacy Business ...Sale? 19
What happens if I do not return my proxy card?........................................................................................................................	19
How does the Board of Directors and Special Committee recommend that I vote at the Annual Meeting? ..............................	19
Why did the Board of Directors form the Special Committee?..................................................................................................	19
Do any of ARC's officers or directors have interests that may be different from, or in addition to, those of our shareholders?19
Did the Special Committee receive an independent third-party opinion with respect to the Legacy Business Sale?.................	20
Did the Special Committee believe that the terms and conditions of the Legacy Business Sale in respect of the Shareholders of
the Company other than the Majority Shareholder and its Affiliates are fair? ...........................................................................	20
What will happen to ARC after the completion of the Legacy Business Sale?..........................................................................	20
When do you expect the Legacy Business Sale to be completed? .............................................................................................	20
What happens if the Legacy Business Sale is not completed? ...................................................................................................	20
What will I receive in connection with the Legacy Business Sale? ...........................................................................................	20
PROPOSAL NO. 1: ELECTION OF DIRECTORS.......................................................................................................................	22
Director Biographies..................................................................................................................................................................	22
Service of Officers .....................................................................................................................................................................	23
Required Shareholder Vote........................................................................................................................................................	24
Recommendation of our Board of Directors for Election of Directors ......................................................................................	24
CORPORATE GOVERNANCE MATTERS .................................................................................................................................	24
Board Independence...................................................................................................................................................................	24
Risk Oversight ...........................................................................................................................................................................	24
Board Leadership Structure .......................................................................................................................................................	24
Audit Committee of the Board of Directors...............................................................................................................................	25
Audit Committee Financial Expert ............................................................................................................................................	25
Audit Committee Charter...........................................................................................................................................................	25
Audit Committee Report............................................................................................................................................................	25
Compensation Committee..........................................................................................................................................................	26
Nominating & Governance Committee......................................................................................................................................	26