Corporate Actions

Corporate Actions

Weight Watchers International, Inc. (the “Company”) believes in its mission to help people adopt a healthier lifestyle, which includes fighting hunger in many economically depressed communities. Action Against Hunger USA and its global affiliates (collectively, “AAH”) has chosen to recognize the Company’s commitment to assist in the fight against hunger by honoring it with an award at the Action Against Hunger USA 2016 gala (the “AAH Gala”), with such award to be accepted on behalf of the Company by Ms. Oprah Winfrey, a director of the Company. In connection with the Company’s mission and consistent with its history of making charitable contributions to hunger-fighting organizations providing assistance at the community level, the Company’s Board of Directors, on October 18, 2016, approved, in accordance with Article X of the Company’s Amended and Restated Code of Business Conduct and Ethics, the Company’s charitable donation to AAH, in the form of (i) a cash donation in connection with the AAH Gala, not to exceed $50,000 in the aggregate, and (ii) the donation of copies of the book What I Know For Sure by Ms. Winfrey, to be purchased by the Company for distribution by AAH at and in connection with the AAH Gala, with the aggregate discounted purchase price of these copies not to exceed $7,000. Mr. Raymond Debbane, Chairman of the Company’s Board of Directors, also serves as the chairman of the board of directors of AAH. Mr. Thilo Semmelbauer, Director and Member, Interim Office of the Chief Executive Officer of the Company, serves as a director and the treasurer of AAH. Ms. Winfrey receives certain remuneration in connection with sales of her above-referenced book.