Trian Partners Activist Presentation Deck
Disclosure Statement and Disclaimers (cont'd)
Forward-Looking Statements
This presentation contains forward-looking statements. All statements contained in this presentation that are not clearly historical in
nature or that necessarily depend on future events are forward-looking, and the words "anticipate,” “believe,” “expect," "potential,"
"opportunity," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. The
projected results and statements contained in this presentation that are not historical facts are based on current expectations,
speak only as of the date of this presentation and involve risks, uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from any future results, performance or achievements expressed or implied
by such projected results and statements. Assumptions relating to the foregoing involve judgments with respect to, among other
things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to
predict accurately and many of which are beyond the control of Trian Partners. Although Trian Partners believes that the
assumptions underlying the projected results or forward-looking statements are reasonable as of the date of this presentation, any
of the assumptions could be inaccurate and, therefore, there can be no assurance that the projected results or forward-looking
statements included in this presentation will prove to be accurate. In light of the significant uncertainties inherent in the projected
results and forward-looking statements included in this presentation, the inclusion of such information should not be regarded as a
representation as to future results or that the objectives and plans expressed or implied by such projected results and forward-
looking statements will be achieved. Trian Partners will not undertake and specifically declines any obligation to disclose the
results of any revisions that may be made to any projected results or forward-looking statements in this presentation to reflect
events or circumstances after the date of such projected results or statements or to reflect the occurrence of anticipated or
unanticipated events.
Not An Offer to Sell or a Solicitation of an Offer to Buy
Under no circumstances is this presentation intended to be, nor should it be construed as, an offer to sell or a solicitation of an
offer to buy any security. The Funds currently have an economic interest in shares of the Issuer. These funds are in the business
of trading -- buying and selling securities. It is possible that there will be developments in the future that cause one or more of such
funds from time to time to sell all or a portion of their holdings in open market transactions or otherwise (including via short sales),
buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls or other
derivative instruments relating to such shares. Consequently, Trian Partners' economic interest in the Issuer's shares may vary
over time depending on various factors, with or without regard to Trian Partners' views of the Issuer's business, prospects or
valuation (including the market price of the Issuer's common stock), including without limitation, other investment opportunities
available to Trian Partners, concentration of positions in the portfolios managed by Trian Fund Management, L.P., conditions in the
securities markets and general economic and industry conditions. Trian Partners also reserves the right to change its intentions
with respect to its investments in the Issuer and take any actions with respect to investments in the Issuer as it may deem
appropriate, including, but not limited to, communicating with management of the Issuer, the board of directors of the Issuer, other
investors and stockholders, stakeholders, industry participants and/or other interested or relevant parties about the Issuer, or
conducting a proxy solicitation with respect to the election of persons to the board of directors of the Issuer.
Concerning Intellectual Property
All registered or unregistered service marks, trademarks and trade names referred to in this presentation are the property of their
respective owners, and Trian's use hereof does not imply an affiliation with, or endorsement by, the owners of these service marks,
trademarks and trade names.View entire presentation