On January 27, 2015, Mr. G. Price Cooper, IV was appointed by Krispy Kreme Doughnuts, Inc. to serve as Treasurer of the company, effective following the company's filing of its annual report on Form 10-K for fiscal 2015 (ending February 1, 2015), which is expected to occur on or about April 2, 2015. As previously disclosed in a Form 8-K report dated October 2, 2014, the company announced that Douglas R. Muir, the company's current Executive Vice President and Treasurer, had notified the company of his intent to retire from the company during calendar year 2015. Mr. Muir notified the Board on January 26, 2015 that his resignation would be effective following the company's filing of its annual report on Form 10-K for fiscal 2015.

Mr. Cooper, age 43, has over 20 years of finance and accounting experience, including more than 15 years of experience in the restaurant industry. He previously served as Chief Financial Officer of Texas Roadhouse, Inc. from August 2011 until January 12, 2015, and as its Vice President of Finance from August 2006 until August 2011.