Ennis (EBF) Proxy filing summary

Executive summary

• Supplemental information provided regarding the director nominee Michael D. Magill in response to ISS's recommendation against his election.

• The Board unanimously recommends voting FOR Mr. Magill, citing his industry experience and satisfaction of NYSE independence standards.

• The Board emphasizes that Mr. Magill will meet ISS's five-year independence guideline shortly after the 2026 Annual Meeting.

Voting matters and shareholder proposals

• ISS recommended voting AGAINST Michael D. Magill due to concerns about his independence as a former employee.

• The Board urges shareholders to vote FOR Mr. Magill, arguing that he meets all NYSE independence requirements.

• If Mr. Magill is not elected, shareholders cannot elect a replacement until the 2027 Annual Meeting.

Board of directors and corporate governance

• Mr. Magill is a former CEO in the printing industry and retired from the company in December 2021.

• The Board determined Mr. Magill is independent under NYSE standards, as more than four and a half years have passed since his retirement.

• The Board considered both NYSE and ISS guidelines in making its recommendation.