Kroger 8-K Signals Potential Exec Changes, Comp Arrangements
Ticker: KR · Form: 8-K · Filed: Feb 5, 2024 · CIK: 56873
| Field | Detail |
|---|---|
| Company | Kroger CO (KR) |
| Form Type | 8-K |
| Filed Date | Feb 5, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Kroger filed an 8-K hinting at executive changes and compensation updates.**
AI Summary
Kroger Co. filed an 8-K on February 5, 2024, reporting an event that occurred on January 30, 2024, related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.' This filing indicates potential changes in executive leadership or their compensation structures, which could impact the company's strategic direction and financial performance. Investors should pay attention to the specifics of these changes, as they can signal stability or shifts in management's vision for the grocery giant.
Why It Matters
Changes in executive leadership or compensation can significantly influence a company's future strategy and operational efficiency, directly affecting shareholder value.
Risk Assessment
Risk Level: medium — Changes in executive leadership can introduce uncertainty, but the specific details are not yet public, making the risk moderate.
Analyst Insight
Investors should monitor Kroger's subsequent filings or press releases for specific details regarding executive changes or compensation, as these could impact future company performance and strategy.
Key Numbers
- January 30, 2024 — Earliest Event Reported Date (Indicates when the reported event, likely executive changes or compensation arrangements, occurred.)
- February 5, 2024 — Filing Date (The date Kroger Co. officially submitted this 8-K filing to the SEC.)
- $1.00 — Common Stock Par Value (The stated par value per share of Kroger's common stock, traded under KR.)
Key Players & Entities
- Kroger Co. (company) — the registrant filing the 8-K
- January 30, 2024 (date) — date of the earliest event reported
- February 5, 2024 (date) — date the 8-K was filed
- Ohio (company) — state of incorporation for Kroger Co.
- 1014 Vine Street, Cincinnati, OH 45202 (company) — Kroger Co.'s principal executive offices address
- 513-762-4000 (company) — Kroger Co.'s business phone number
- KR (company) — Kroger Co.'s trading symbol on the New York Stock Exchange
- $1.00 (dollar_amount) — par value per share of Common Stock
Forward-Looking Statements
- Kroger will announce specific executive changes or compensation details within the next quarter. (Kroger Co.) — medium confidence, target: 2024-04-30
FAQ
What specific event did Kroger Co. report in this 8-K filing?
Kroger Co. reported an event related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' as per Item 5.02 of the 8-K filing.
When did the earliest event reported in this 8-K occur?
The earliest event reported in this 8-K occurred on January 30, 2024, as stated in the 'Date of report (Date of earliest event reported)' section.
What is Kroger Co.'s trading symbol and on which exchange is it registered?
Kroger Co.'s trading symbol is KR, and its common stock is registered on the New York Stock Exchange, as indicated under 'Securities Registered Pursuant to Section 12(b) of the Act'.
What is the par value of Kroger Co.'s common stock?
The par value of Kroger Co.'s common stock is $1.00 per share, as specified under 'Title of Each Class' in the filing.
What is the business address and phone number of The Kroger Co. as listed in the filing?
The business address of The Kroger Co. is 1014 Vine Street, Cincinnati, OH 45202, and its telephone number is (513) 762-4000, according to the filing.
Filing Stats: 749 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-02-05 17:09:29
Key Financial Figures
- $1.00 — e On Which Registered Common Stock, $1.00 par value per share KR New York Sto
Filing Documents
- tm245208d1_8k.htm (8-K) — 26KB
- tm245208d1_ex99-1.htm (EX-99.1) — 12KB
- 0001104659-24-010748.txt ( ) — 210KB
- kr-20240130.xsd (EX-101.SCH) — 3KB
- kr-20240130_lab.xml (EX-101.LAB) — 33KB
- kr-20240130_pre.xml (EX-101.PRE) — 22KB
- tm245208d1_8k_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On February 5, 2024, Kroger issued a press release regarding the matters described in Item 5.02 of this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit 99.1. The information in this Item 7.01 and the press release attached hereto as Exhibit 99.1 are furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of Kroger under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filings.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release, dated February 5, 2024 104 Cover Page Interactive Data File (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 on its behalf by the undersigned hereunto duly authorized. THE KROGER CO. By: /s/ Christine S. Wheatley Name: Christine S. Wheatley Title: Senior Vice President, General Counsel and Secretary Date: February 5, 2024