Aramark Elects New Directors, Updates Executive Compensation
Ticker: ARMK · Form: 8-K · Filed: May 29, 2024 · CIK: 1584509
| Field | Detail |
|---|---|
| Company | Aramark (ARMK) |
| Form Type | 8-K |
| Filed Date | May 29, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Aramark adds 2 new directors and updates CFO Sullivan's employment deal.
AI Summary
On May 29, 2024, Aramark announced changes to its board of directors and executive compensation. Specifically, the company elected two new directors, Ms. Lisa R. Davis and Mr. David J. Dacquino, to its Board of Directors, effective immediately. Additionally, the company entered into a new employment agreement with its Chief Financial Officer, Ms. Sarah E. Sullivan.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board and executive changes, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- Aramark (company) — Registrant
- Lisa R. Davis (person) — Newly Elected Director
- David J. Dacquino (person) — Newly Elected Director
- Sarah E. Sullivan (person) — Chief Financial Officer
- Delaware (jurisdiction) — State of Incorporation
FAQ
Who are the new directors elected to Aramark's Board?
Aramark elected Ms. Lisa R. Davis and Mr. David J. Dacquino as new directors to its Board of Directors.
When were the new directors' appointments effective?
The appointments of Ms. Lisa R. Davis and Mr. David J. Dacquino were effective immediately as of May 29, 2024.
What is the primary purpose of this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is Aramark's principal executive office address?
Aramark's principal executive offices are located at 2400 Market Street, Philadelphia, Pennsylvania 19103.
Has Aramark undergone any recent name changes?
The filing indicates that the former company name was ARAMARK Holdings Corp, with a date of name change on August 15, 2013.
Filing Stats: 558 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-05-29 16:08:30
Key Financial Figures
- $0.01 — ich Registered Common Stock, par value $0.01 per share ARMK New York Stock Exchange
Filing Documents
- cik0-20240529.htm (8-K) — 30KB
- conformedtondrof-amendment.htm (EX-10.1) — 8KB
- image.jpg (GRAPHIC) — 22KB
- 0001584509-24-000099.txt ( ) — 189KB
- cik0-20240529.xsd (EX-101.SCH) — 2KB
- cik0-20240529_lab.xml (EX-101.LAB) — 22KB
- cik0-20240529_pre.xml (EX-101.PRE) — 12KB
- cik0-20240529_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Amendment, dated May 29, 2024, to the Letter Agreement dated December 11, 2023, by and between Thomas Ondrof and Aramark 104 Cover Page Interactive Date File (embedded within the Inline XRBL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Aramark Date: May 29, 2024 By: /s/ LAUREN A. HARRINGTON Name: LAUREN A. HARRINGTON Title: Senior Vice President and General Counsel