Trueblue (TBI) Proxy Filing summary

Executive summary

• Announced second consecutive quarter of organic revenue growth and outlined plans to improve profitability, lower operating costs, and build a more agile organization over time.

• Addressed ongoing proxy contest initiated by EHS Investments, emphasizing ongoing engagement and willingness to work constructively.

• Forward-looking statements highlight expectations for margin improvement, free cash flow generation, and growth from digital investments, subject to various risks.

Voting matters and shareholder proposals

• EHS Investments is pressing a proxy contest, with ongoing settlement discussions and public communications between parties.

• Shareholders are encouraged to review the definitive proxy statement and accompanying BLUE proxy card for the 2026 annual meeting.

Board of directors and corporate governance

• Recent board refreshment included appointing William Greenblatt and William Seward, both endorsed by the largest shareholder.

• Two existing directors will step down at or before the 2026 annual meeting as part of ongoing board evolution.

• Board refreshment process included interviews with EHS nominees, reflecting commitment to evolving board composition.