Village Super Market, Inc. (NASDAQ: VLGEA) Reports Ongoing Litigation with Wakefern Food Corp.; No Current Material Impact on Operations

SPRINGFIELD, NJ, March 25, 2026 — Village Super Market, Inc. (“Village” or the “Company”), a leading operator of ShopRite supermarkets, has provided a significant update regarding ongoing litigation with Wakefern Food Corp. (“Wakefern”), its cooperative partner and one of the largest retailer-owned food cooperatives in the United States.

Key Points from the Form 8-K Filing

• Ongoing Litigation: Village Super Market, Inc. is currently engaged in litigation with Wakefern Food Corp. The case, titled Village Super Market, Inc., et al. v. Wakefern Food Corp., et al., is pending before the Superior Court of New Jersey, Law Division, Middlesex County.
• Nature of the Dispute: Wakefern has filed counterclaims against Village in response to Village’s Second Amended Complaint and Jury Demand. Village’s complaint seeks punitive and other damages against Wakefern.
• Wakefern’s Claims: Wakefern alleges that Village is required under Wakefern’s By-Laws to sell its stock in Wakefern and exit the cooperative. However, Wakefern does not allege that its board of directors has voted to compel Village to sell its stock or exit the cooperative, which is a requirement under the By-Laws for such a process to proceed. Village states it has no knowledge of any such action by the Wakefern board.
• Village’s Position: Village has described all claims asserted by Wakefern as “frivolous” and believes they were filed in retaliation for Village asserting its rights under the cooperative’s agreements. Village intends to seek dismissal of Wakefern’s claims.
• No Material Impact to Date: Village asserts that, to date, this dispute has not materially impacted its operations or financial performance. The Company also states that, at this time, it is unable to determine the probability of the outcome of these matters or the range of reasonably possible loss, if any.

Potential Shareholder Impact and Price Sensitivity

• Material Uncertainty: The ongoing litigation between Village and Wakefern, which involves matters fundamental to the Company’s relationship with its primary cooperative partner, could potentially have material implications for Village’s future operations, access to supply, and financial performance should the outcome be adverse.
• Shareholder Rights/Value: Any forced sale of Village’s stock in Wakefern, or expulsion from the Wakefern cooperative, could significantly affect the Company’s business model. However, no such action has been taken by Wakefern’s board at this time.
• Legal Costs and Uncertainty: The ongoing legal proceedings could result in increased legal costs and management distraction, and the uncertainty surrounding the dispute may be considered a risk factor by investors.
• Village’s Dismissal Strategy: Village’s intent to seek dismissal of Wakefern’s claims shows the Company’s proactive legal stance, but the ultimate outcome remains undetermined and could be price sensitive depending on future court developments.

Forward-Looking Statements

The Company reminds investors that this filing contains forward-looking statements involving estimates, assumptions, risks, and uncertainties, particularly regarding the Wakefern litigation and related risks discussed in the Company’s filings with the SEC. Actual results may differ materially from those currently expected. Village undertakes no obligation to update these statements except as required by law.

Conclusion

Investors should closely monitor ongoing litigation developments between Village Super Market, Inc. and Wakefern Food Corp. While the Company asserts no material impact to date, the fundamental nature of the dispute means that any future resolution — especially one involving changes to Village’s relationship with Wakefern — could have a significant and potentially price-sensitive effect on the Company’s share value.

Disclaimer: This article is for informational purposes only and does not constitute legal or investment advice. Forward-looking statements are subject to risks and uncertainties. Investors should review the Company’s filings with the SEC and consult their financial advisors before making investment decisions.

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