Board Converting News, January 1, 2024

FLAG Commissions Survey To Understand Member Performance FLAG (Flexo Label Advantage Group, LLC) recently part- nered with industry market research and marketing firm LPC, Inc., to conduct a detailed market research survey focusing on the performance and challenges faced by its Members in 2023. Given the economic challenges that 2023 has present- ed, including industry-specific headwinds, inflation, and workforce obstacles, this research initiative aims to gain insight into:

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• Converter sales performance comparison: FLAG Mem- bers’ performance in the first three quarters of 2023 ver- sus 2022. • Impact of the 2023 market deceleration on Member op- erations: This includes insights into long-term customers’ bidding patterns and workforce stability challenges. • Workforce strategies: Probing into the primary methods adopted by members to ensure workforce retention and stability. • Market slowdown duration: Estimations from Members on the expected length of the current market downturn. • Sales compensation models: A look into various com- pensation structures adopted by businesses for their sales teams. • Strategic wins: Exploring the most impactful actions tak- en by businesses in the last 6-12 months that have driven success. • Sales goals breakdown: Analyzing how businesses are allocating their sales targets between new client acquisi- tion and growth with existing clients. Detailed findings will be shared with the FLAG communi- ty, fostering a collective approach to overcoming industry obstacles through informed decision-making in a virtual town hall meeting on Thursday, December 21. For more information on FLAG Membership visit www. flagadvantage.com/join .

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January 1, 2024

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