Kroger Co. Reports Board Changes and Executive Compensation Updates
Ticker: KR · Form: 8-K · Filed: Feb 13, 2025 · CIK: 56873
| Field | Detail |
|---|---|
| Company | Kroger CO (KR) |
| Form Type | 8-K |
| Filed Date | Feb 13, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00, $800,000, $1.35 million, $2.8 million, $3.1 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation, governance
Related Tickers: KR
TL;DR
Kroger's board is shuffling, and exec pay is changing. Keep an eye on this.
AI Summary
On February 12, 2025, The Kroger Co. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes information regarding the departure of certain officers, the election of new directors, and updates to compensatory arrangements for key executives. Specific details on the individuals involved and the financial implications of these arrangements are provided within the report.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future financial performance, impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty regarding future strategic direction and financial performance.
Key Players & Entities
- The Kroger Co. (company) — Registrant
- Ohio (location) — State of Incorporation
- February 12, 2025 (date) — Date of earliest event reported
FAQ
What specific items are covered in this Form 8-K filing by The Kroger Co.?
This Form 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD Disclosure, and Financial Statements and Exhibits.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is February 12, 2025.
What is the principal executive office address for The Kroger Co.?
The principal executive office address for The Kroger Co. is 1014 Vine Street, Cincinnati, OH 45202.
What is the telephone number for The Kroger Co.?
The telephone number for The Kroger Co., including area code, is (513) 762-4000.
In which state is The Kroger Co. incorporated?
The Kroger Co. is incorporated in Ohio.
Filing Stats: 845 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2025-02-13 16:22:43
Key Financial Figures
- $1.00 — ge On Which Registered Common Stock, $1.00 par value per share KR New York Sto
- $800,000 — ) will receive an annual base salary of $800,000; (ii) is eligible for an annual incenti
- $1.35 million — arget of $800,000; (iii) will receive a $1.35 million one-time cash bonus payment, on a prede
- $2.8 million — ; (iv) will receive a one-time grant of $2.8 million in restricted shares, vesting ratably o
- $3.1 million — er with a current total target value of $3.1 million. There are no family relationships, or
Filing Documents
- tm256429d1_8k.htm (8-K) — 29KB
- tm256429d1_ex99-1.htm (EX-99.1) — 12KB
- 0001104659-25-012963.txt ( ) — 213KB
- kr-20250212.xsd (EX-101.SCH) — 3KB
- kr-20250212_lab.xml (EX-101.LAB) — 33KB
- kr-20250212_pre.xml (EX-101.PRE) — 22KB
- tm256429d1_8k_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On February 12, 2025, 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.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release, dated February 12, 2025 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 12, 2025