Cava Group Adds Directors, Appoints COO
Ticker: CAVA · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1639438
| Field | Detail |
|---|---|
| Company | Cava Group, Inc. (CAVA) |
| Form Type | 8-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-election, executive-appointment
Related Tickers: CAVA
TL;DR
CAVA added 2 directors & a new COO. Big changes coming?
AI Summary
On June 20, 2024, Cava Group, Inc. filed an 8-K report detailing several key events. The company announced the election of two new directors, Jennifer Johnson and David P. Deno, to its Board of Directors, effective immediately. Additionally, the filing disclosed the appointment of Ashley Buchanan as Chief Operating Officer and the establishment of new compensatory arrangements for certain officers.
Why It Matters
The addition of new directors and a COO can signal strategic shifts or growth plans for Cava Group, potentially impacting its operational efficiency and market strategy.
Risk Assessment
Risk Level: medium — Changes in board composition and executive appointments can indicate strategic shifts that may carry inherent business risks.
Key Players & Entities
- CAVA Group, Inc. (company) — Registrant
- Jennifer Johnson (person) — Newly elected director
- David P. Deno (person) — Newly elected director
- Ashley Buchanan (person) — Appointed Chief Operating Officer
- June 20, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors for Cava Group, Inc.?
Jennifer Johnson and David P. Deno were elected as new directors.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on June 20, 2024.
What is Cava Group, Inc.'s principal executive office address?
The principal executive offices are located at 14 Ridge Square NW, Suite 500, Washington, DC 20016.
Who was appointed as the new Chief Operating Officer?
Ashley Buchanan was appointed as the Chief Operating Officer.
What is Cava Group, Inc.'s fiscal year end?
Cava Group, Inc.'s fiscal year ends on December 29.
Filing Stats: 795 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2024-06-25 16:53:56
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share CAVA New York Stock Exchange
Filing Documents
- cava-20240620.htm (8-K) — 37KB
- 0001628280-24-029917.txt ( ) — 166KB
- cava-20240620.xsd (EX-101.SCH) — 2KB
- cava-20240620_lab.xml (EX-101.LAB) — 23KB
- cava-20240620_pre.xml (EX-101.PRE) — 13KB
- cava-20240620_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. On June 20, 2024, the Company held its Annual Meeting. The matters voted upon at the Annual Meeting and the final voting results were as follows: 1. To elect three (3) Class I directors to the Board of the Company to hold office until the 2027 annual meeting of stockholders or until their respective successors are elected and qualified. Each of the three (3) nominees for director was elected, and the voting results are set forth below: Name of Director Votes For Votes Withheld Philippe Amouyal 73,826,020 10,966,417 David Bosserman 82,768,153 2,024,284 Lauri Shanahan 70,049,006 14,743,431 2. To approve an amendment and restatement of the CAVA Group, Inc. 2023 Equity Incentive Plan (the "2023 Equity Incentive Plan"). The amendment and restatement of the 2023 Equity Incentive Plan was approved, and the voting results are set forth below: Votes For Votes Against Votes Abstain 52,009,947 32,670,537 111,953 3. To ratify the selection of Deloitte & Touche LLP as the independent registered public accounting firm for the year ending December 29, 2024. The ratification of the appointment of Deloitte & Touche LLP was approved, and the voting results are set forth below: Votes For Votes Against Votes Abstain 99,457,470 104,138 41,235
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibit is being furnished as part of this report: Exhibit No. Description 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized. Date: June 25, 2024 CAVA Group, Inc. By: /s/ Tricia Tolivar Name: Tricia Tolivar Title: Chief Financial Officer