The proposed Settlement provides the following:

• The Settlement will provide, among other things, for payment of a Gross Settlement Amount of $4,100,000 (“Gross Settlement Amount”) to resolve the claims against Defendants. Class Members are eligible to receive a pro rata share of the Net Settlement Amount remaining after payment of any Attorneys’ Fees and Costs, Administrative Expenses, and Class Representative Compensation to the Class Representatives. The Net Settlement Amount will be allocated to Settlement Class Members according to a Plan of Allocation to be approved by the Court.
• Class Members with a positive balance in any of the Plan as of September 27, 2023 (“Current Participants”) will automatically receive allocations directly to their Plan accounts so long as they maintain a positive balance through the time Settlement monies are distributed. Class Members who participated in the Plan during the Class Period but who do not have an Active Account in any of the Plan as of September 27, 2023 (“Former Participants”) will receive their settlement payment in the form of a check
• The Court still has to decide whether to give its final approval to the Settlement. Payments under the Settlement will be made only if the Court finally approves the Settlement, and that final approval is upheld in the event of any appeal. A Fairness Hearing has been scheduled for February 5, 2023.