Grocery Outlet Files 8-K on Officer/Director Changes, Compensation

TL;DR

**Grocery Outlet filed an 8-K about executive changes and pay, but the details aren't in this filing.**

AI Summary

Grocery Outlet Holding Corp. filed an 8-K on January 25, 2024, to report an event related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.' While the filing indicates a change in leadership or compensation, the specific details of who departed or was appointed, and their compensation, are not provided within this initial 8-K. This matters to investors because changes in key personnel or their compensation can signal shifts in company strategy, performance, or governance, potentially impacting future stock performance.

Why It Matters

Changes in executive leadership or their compensation can significantly influence a company's direction and financial health, directly affecting investor confidence and stock valuation.

Risk Assessment

Risk Level: medium — The filing indicates a change in leadership or compensation, which introduces uncertainty until specific details are disclosed, potentially impacting investor sentiment.

Analyst Insight

A smart investor would monitor subsequent filings from Grocery Outlet Holding Corp. for more detailed information regarding the specific personnel changes and compensation arrangements, as these details will be crucial for assessing potential impacts on the company's future performance and strategy.

Key Numbers

• $0.001 — par value per share (the stated par value of Grocery Outlet Holding Corp.'s common stock)

Key Players & Entities

• Grocery Outlet Holding Corp. (company) — the registrant filing the 8-K
• Delaware (company) — state of incorporation for Grocery Outlet Holding Corp.
• 5650 Hollis Street, Emeryville, California 94608 (company) — address of principal executive offices for Grocery Outlet Holding Corp.
• 001-38950 (dollar_amount) — Commission File Number for Grocery Outlet Holding Corp.
• 47-1874201 (dollar_amount) — I.R.S. Employer Identification No. for Grocery Outlet Holding Corp.
• Nasdaq Global Select Market (company) — exchange where Grocery Outlet Holding Corp.'s common stock is registered

FAQ

Key Financial Figures

• $0.001 — ich registered Common stock, par value $0.001 per share GO Nasdaq Global Select Marke
• $500,000 — will: receive an annual base salary of $500,000; be eligible to receive an annual cash
• $250,000 — ire grant of RSUs with a grant value of $250,000, in each case as determined and approve
• $6,000 — nt; and receive reimbursement of up to $6,000 per month for housing. Mr. Chikkala's

Filing Documents

• go-20240125.htm (8-K) — 36KB
• go1-25x24exhibit991.htm (EX-99.1) — 11KB
• go-20240125_g1.jpg (GRAPHIC) — 17KB
• goa.jpg (GRAPHIC) — 176KB
• 0001771515-24-000002.txt ( ) — 461KB
• go-20240125.xsd (EX-101.SCH) — 2KB
• go-20240125_lab.xml (EX-101.LAB) — 23KB
• go-20240125_pre.xml (EX-101.PRE) — 12KB
• go-20240125_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On January 25, 2024, the Company issued a press release announcing Mr. Chikkala's appointment to the newly created role of Executive Vice President and Chief Operations Officer of the Company, effective January 22, 2024. A copy of the press release is attached to this report as Exhibit 99.1 and is incorporated herein by reference. The information in Item 7.01 of this current report on Form 8-K (including Exhibit 99.1 furnished herewith) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release, dated January 25, 2024, entitled "Grocery Outlet Appoints Ramesh Chikkala to Newly Created EVP, Chief Operations Officer Role" 104 Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

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. Grocery Outlet Holding Corp. Date: January 25, 2024 By: /s/ Luke D. Thompson Name: Luke D. Thompson Title: Senior Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR