Rave Restaurant Group (RAVE) Proxy filing summary

Executive summary

• Annual Meeting scheduled for December 10, 2024, with four key proposals for shareholder vote.

• Shareholders of record as of October 11, 2024, are eligible to vote on all matters.

• Proxy materials and annual report are available online and by request.

Voting matters and shareholder proposals

• Election of four directors for one-year terms.

• Ratification of Whitley Penn LLP as independent auditor for fiscal 2025.

• Approval of a 1-for-1,000 reverse stock split followed by a 1,000-for-1 forward stock split, with cash payments for holders of fewer than 1,000 shares.

• Approval to adjourn the meeting if more time is needed to solicit votes for the stock split proposal.

• Shareholder proposals for the next annual meeting must be submitted by June 30, 2025, for inclusion in proxy materials.

Board of directors and corporate governance

• Board consists of four directors, all nominated for re-election.

• Board has Audit, Compensation, and Nominating & Governance Committees, all with independent members.

• Board diversity matrix disclosed; leadership roles of CEO and Chairman are separated.

• Directors receive annual retainers, meeting fees, and are eligible for equity awards.