Firm Description Mill Road is a Delaware limited liability company founded in 2004 by Thomas Lynch. Joining Mr. Lynch in the management of the Firm are two senior investment professionals who have been with the Firm since 2008 and 2014. Principal Owners The owners of Mill Road are set forth on Schedule A of Part 1A of the Firm’s Form ADV. Thomas Lynch is a principal owner of the Firm. Types of Advisory Services Mill Road provides investment advice to closed-end private investment funds that are not registered under the Investment Company Act of 1940, as amended. Currently, the Firm provides investment advisory services to three funds and two alternative investment vehicles (“AIVs”): Mill Road Capital, L.P. (“Fund I”), which had its final closing in 2008, Mill Road Capital II, L.P. (“Fund II”), which had its final closing in 2013, and Mill Road Capital III, L.P. (“Fund III”), which had its final closing in 2020, (each a “Fund,” and collectively, the “Funds”) and Fund III’s parallel AIVs, MRC III AIV, L.P. and MRC III Offshore AIV, L.P. (each Fund and AIV a “Client,” and collectively, the “Clients”). Fund I and Fund II are structured as Delaware limited partnerships. Fund III is structured as a Cayman Islands exempted limited partnership. The AIVs are structured as Delaware limited partnerships and were formed in April 2021 using a portion of the capital originally committed to Fund III by its investors. The investors in Fund III participate directly in, and constitute the beneficial owners of, the AIVs. Mill Road Capital GP LLC (“Fund I GP”) serves as Fund I’s general partner, Mill Road Capital II GP LLC (“Fund II GP”) serves as Fund II’s general partner, Mill Road Capital III GP LLC (“Fund III GP”) serves as Fund III’s general partner and serves as the AIVs general partner (each a “GP,” and collectively, the “GPs”). Each of Fund I GP, Fund II GP and Fund III GP is an affiliate of Mill Road. Pursuant to investment management agreements among the Firm and the individual Clients and their respective GPs, Mill Road assists the GPs with the management of the Clients’ investments. Fund I GP, Fund II GP and Fund III GP are special purpose vehicles of Mill Road within the meaning of guidance provided by the SEC’s Division of Investment Management. In reliance on such

guidance and in order to satisfy the reporting obligations of the SPVs, information concerning the SPVs is included in the Form ADV, Part 1A. The Firm provides investment advice to closed-end private investment funds that are not registered under the Investment Company Act of 1940, as amended. Mill Road focuses on making private investments in and/or taking private publicly-traded primarily micro-cap companies in North America. Mill Road has in the past and could also make investments in private companies which are otherwise similar in nature to the publicly-traded micro-cap companies in which it generally invests. The Firm believes that its investment process enhances return and mitigates risk, with the goal of generating long-term value creation. The current portfolio consists of companies in a broad range of industries, including retail, manufacturing, business services, commercial aircraft trading and leasing, commercial services and consumer products and services. Tailored Relationships Mill Road provides its advisory services to the Clients in accordance with the investment objectives, investment guidelines and restrictions set forth in the relevant Client’s confidential private placement memorandum (if applicable), limited partnership agreement, investment management agreement and other formation and operating documents pertaining to the Client (collectively, the “Governing Documents”). Mill Road’s advisory services for each Client are detailed in the Client’s Governing Documents and are further described below under “Item 8. Methods of Analysis, Investment Strategies and Risk of Loss.” Mill Road is entitled to give certain persons, including existing investors in the Clients and third parties, an opportunity to co-invest alongside a Client. The terms of any such investment would be set by Mill Road at the time of such investment. Wrap Fee Programs Mill Road does not participate in wrap fee programs. Assets Under Discretionary and Non-Discretionary Management As of December 31, 2023, Mill Road had approximately $827.4 million in discretionary assets under management which includes uncalled capital commitments as of that date. Mill Road does not currently manage any assets in a non-discretionary manner.