Summary

Properties - Meeting Date: Not provided - Meeting Type: 1x1 - Note Type: Summary - Attendees: Matt Howard; Scott Warner

Meeting Summary Matt and I aligned on the Festool Group situation. He confirmed our counterpart remains a strong, flexible partner despite a recent email that read more rigid than his earlier tone. Matt briefed him on our growth plans - local kitting, Asia-direct imports into the U.S., and broader marketing-driven expansion - so he understands the scale and complexity of our future logistics needs. The key update is confidential: he is actively shopping for an external resource and wants someone in the building within a month. Our role is to maintain discretion, continue shaping the strategy toward what best supports our future state, and push for a seat at vendor discussions if possible. We should be ready with clear Business Ops requirements so that, even if we are not in the room, our priorities influence the selection and operating model. He is open to flexibility on policies that I and Shawn have historically pushed on, which is an opportunity to modernize the approach.

Attendee List - Matt Howard - Scott Warner

Action Items - [Scott] Maintain strict confidentiality about the sourcing effort and timeline; do not socialize beyond need-to-know. - [Scott] Draft a one-pager of Business Operations requirements for the external resource/provider, covering logistics, warehousing, local kitting, Asia-direct imports, trade compliance, IT integration (WMS/EDI/API), data security/governance, facilities access, EHS, KPIs/SLAs, and performance reporting. - [Scott] List current policy friction points and propose practical flexibility options that enable local kitting and direct imports without compromising compliance or controls. - [Scott] Prepare a rapid onboarding checklist for a 30-day timeline: facility access, safety orientation, IT credentials/integrations, data sharing protocols, security, and points of contact. - [Scott] Pre-alert Legal and Compliance to expect an accelerated contract and trade compliance review once a provider is identified. - [Scott] Coordinate with Matt on requesting a seat at vendor evaluation meetings; if not possible, ensure our requirements are delivered and acknowledged by the decision-makers. - [Matt] Keep me apprised of RFQ progress and any opportunities for us to provide input or attend selection meetings; continue reinforcing our future-state needs with the counterpart.

Relevant Timelines - Now: RFQ is active and shopping is underway. [Matt/Scott - feed in requirements immediately.] - Within 1 month: Target to have an external resource in the building. [Scott - onboarding readiness and controls in place before arrival.] - Ongoing prior to selection: Seek inclusion in vendor evaluations or, at minimum, submission and confirmation of our requirements. [Scott/Matt.]

Additional Notes - The counterpart is receptive to policy flexibility. We should use this window to align policies with our future operating model while preserving necessary governance and controls. - Local kitting and Asia-direct imports will heighten trade compliance, labeling, customs brokerage, and quality/safety considerations. Ensure advance coordination across Compliance, EHS, Facilities, and IT. - If we cannot participate directly in provider selection, our written requirements and success criteria become critical. Emphasize integration readiness, measurable SLAs, scalability, and auditability. - Maintain a unified message: the best strategy is the one that supports growth, reduces friction on logistics, and remains compliant and secure.