Notice of Consent Decree

On September 23, 2021, the State of Alaska, by and through its Attorney General, in its law enforcement capacity and as parens patriae on behalf of persons in the State of Alaska, commenced an antitrust action against numerous corporate entities alleging a conspiracy to restrain production, manipulate pricing, and rig bids in order to artificially inflate the price of pork throughout the United States, including in the State of Alaska. The antitrust action is entitled, State of Alaska v. Agri Stats, Inc, et al., Case No. 3AN-21-07791CI, in the Superior Court for the State of Alaska, Third Judicial District at Anchorage (the “Action”). The Complaint filed in the Action is attached to this notice. Triumph Foods, LLC (“Triumph Foods”) denies these allegations, maintains that these allegations are without basis in fact, and specifically denies that it engaged in any wrongdoing.On March 11, 2025, the State of Alaska and Defendants Clemens Food Group LLC and The Clemens Family Corp. (“Clemens”) stipulated to entry of a Consent Decree settling all of the State of Alaska’s claims against Clemens in the Action. In exchange for a complete release of all claims against it, Clemens has consented to certain injunctive relief for a period of five (5) years, and has agreed to perform other certain acts of cooperation with the State. A true and correct copy of the Consent Decree is attached to this notice. The “Defendants” are: Agri Stats, Inc.; Clemens Food Group LLC and The Clemens Family Corp. (“Clemens”); Hormel Foods Corp. (“Hormel”); JBS USA Food Company (“JBS” and/or “JBS USA”); Seaboard Foods, LLC and Seaboard Corporation (“Seaboard”); Smithfield Foods, Inc. (“Smithfield”); Triumph Foods, LLC (“Triumph”); and Tyson Foods, Inc., Tyson Prepared Foods, Inc., and Tyson Fresh Meats, Inc. (“Tyson”). “Pork” means porcine or swine products processed, produced or sold by any of the Defendants, including but not limited to: primals (including but not limited to loins, shoulders, picnics, butts, ribs, bellies, hams, or legs), trim or sub-primal products (including but not limited to back loins, tenderloins, back ribs, boneless loins, boneless sirloins, riblets, chef’s prime, prime ribs, brisket, skirt, cushion, ground meats, sirloin tip roast, or hocks), further processed and value added porcine products (including, but not limited to bacon, sausage, lunch meats, further processed ham, or jerky products), offal or variety products (including, but not limited to hearts, tongues, livers, head products, spleens, kidneys, feet, stomach, bladder, uterus, snoot, ears, tail, brisket bone, intestines, jowls, neck bones or other bones, skin, lungs, glands, hair, or pet food ingredients), rendered product and byproducts (including, but not limited to, lard, grease, meat meal, bone meal, blood meal, or blood plasma), casings (including, but not limited to, mucosa), and carcasses