AHC Employee Stock Ownership Plan

IMPORTANT NOTICE
The AHC Employee Stock Ownership Plan (ESOP) was terminated on April 6, 2021. The termination occurred in connection with the sale of the company. The ESOP will be submitted to the Internal Revenue Service for a favorable determination letter. Distribution packages will be sent to participants.

It is anticipated that the first distribution package will be sent within 30 days of the ESOP termination, and you will be able to make a one-time election to receive a distribution of up to 75% of your account (excluding any amounts held in escrow under the terms of the transaction).

The second distribution package will be sent after the liquidation of the ESOP trust, which will occur after the ESOP receives a favorable determination letter and any amounts held in escrow are released. It is anticipated that the second distribution package will be sent in the fourth quarter of 2022.

For additional information related to the transaction, the ESOP, and the filing with the Internal Revenue Service, you may want to review the following documents:

-   Notice to Interested Parties—This document provides you with information regarding the filing with the Internal Revenue Service.
-  Special Tax Notice—This document provides you with information regarding tax issues relating to distributions. You will receive a copy of this notice with your distribution packages.
-  AHC Employee Stock Ownership Plan Summary Plan Description—This document summarizes the material terms of the ESOP. There are also three other documents reflecting subsequent amendments to the ESOP:

Contact Information:

Plan Administrator:

FAHC, Inc.
201 Jordan Road, Suite 200
Franklin, Tennessee 37067

Trustee:

Kenneth B. Lenoir
1755 Kirby Parkway, Suite 101
Memphis, Tennessee 38120