Event to Provide Comprehensive Review of the Two Independent Companies and Outline Respective Roadmaps to Long-Term Value Creation

The Middleby Corporation (NASDAQ:MIDD) today announced that it will host an Investor Day on Tuesday, May 12, 2026, in New York City. The event will mark a pivotal moment in the company's transformation as it prepares to separate into two independent, publicly traded companies in the second quarter of 2026.

Leadership teams from both The Middleby Corporation and Middleby Food Processing will come together to present their respective strategic priorities, competitive positioning, and long-term financial outlooks. The business separation will position shareholders to benefit from two entities, highly focused on their respective segments. The standalone businesses will each have a distinct growth and capital allocation strategy, led by experienced management teams and Board Members to drive long term value creation.

"We have built two industry leading platforms with strong globally competitive positions and longstanding trusted customer relationships, that are positioned for growth. This is an exciting period as we separate these businesses, creating two independent public companies. We look forward to a direct and substantive conversation with investors and analysts as we enter the next chapter," said Tim FitzGerald, Middleby Corporation Chief Executive Officer.

"This event is an opportunity to succinctly outline our differentiated businesses and strategies for the investment community. We are confident in our long-term vision and the leadership teams in place to drive value creation as independent companies. I am excited to introduce our exceptional food processing management team during this event," said Mark Salman, Middleby Food Processing Chief Executive Officer.

Presentations will be led by Timothy FitzGerald, Chief Executive Officer of Middleby Corporation, and Mark Salman, Chief Executive Officer of Middleby Food Processing. They will be joined by the following members of their respective leadership teams:

Middleby Corporation

Brittany Cerwin, Chief Financial Officer
Steve Spittle, Chief Commercial Officer
James K. Pool III, Chief Technology and Operations Officer
Korey Kohl, President, Middleby Beverage Group

Middleby Food Processing

Amy Campbell, Chief Financial Officer
Mark Bowie, Chief Operating Officer
Matt Fuchsen, Chief Strategy Officer
Peter Jongen, Group President, Protein
Andrea Colussi, Group President, Bakery
Scott Ruhe, Group President, Snack

Formal presentations will be followed by a question-and-answer session with members of management.

In-person attendance is by invitation only. Investors and analysts interested in attending in person are encouraged to contact ICREvents@icrinc.com to request an invitation. The event will take place in New York City and presentations start at 9:30 am Eastern time and end at 3:30 pm Eastern time, followed by a closing reception for in-person attendees. A live webcast will be accessible through the Investor Relations section of the company website at www.middleby.com. An event replay will be available upon conclusion of the event.

About Middleby

The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solutions used in commercial foodservice and food processing. Middleby showcases its advanced solutions in the Middleby Innovation Kitchens for commercial foodservice and industrial baking and protein Innovation Centers for food processing solutions. For more information about Middleby, please visit www.middleby.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260422978179/en/

For The Middleby Corporation:

Investors:

Rebecca Ellin

SVP of Investor Strategy and Corporate Development

rellin@middleby.com

Media:

Darcy Bretz

VP of Corporate Communications

dbretz@middleby.com

Kate Schneiderman

Managing Director, ICR

middleby@icrinc.com

Middleby to Host Investor Day on May 12, 2026, Ahead of Business Separation