Simply Good Foods CEO Employment Agreement Update
Ticker: SMPL · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1702744
| Field | Detail |
|---|---|
| Company | Simply Good Foods Co (SMPL) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, employment-agreement
TL;DR
Simply Good Foods inked a new deal with CEO Scalzo, locking him in with updated comp.
AI Summary
On April 17, 2024, The Simply Good Foods Company announced changes in its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its Chief Executive Officer, Joseph E. Scalzo, Jr., effective April 17, 2024. This agreement outlines his compensation and other terms of employment.
Why It Matters
This filing details the updated employment terms for the CEO, providing clarity on compensation and executive commitment, which can influence investor confidence.
Risk Assessment
Risk Level: low — The filing primarily concerns executive compensation and employment agreements, which are standard corporate actions and do not indicate significant operational or financial risks.
Key Players & Entities
- The Simply Good Foods Company (company) — Registrant
- Joseph E. Scalzo, Jr. (person) — Chief Executive Officer
- April 17, 2024 (date) — Effective date of employment agreement
FAQ
What is the effective date of the new employment agreement for the CEO?
The new employment agreement for Joseph E. Scalzo, Jr. is effective as of April 17, 2024.
Who is the Chief Executive Officer of The Simply Good Foods Company?
Joseph E. Scalzo, Jr. is the Chief Executive Officer of The Simply Good Foods Company.
What type of filing is this regarding executive compensation?
This is a Form 8-K filing reporting on changes in executive compensation and employment agreements.
What is the primary subject of the filing related to the CEO?
The primary subject is the execution of a new employment agreement for the CEO.
What jurisdiction is The Simply Good Foods Company incorporated in?
The Simply Good Foods Company is incorporated in Delaware.
Filing Stats: 1,041 words · 4 min read · ~3 pages · Grade level 15.9 · Accepted 2024-04-22 16:30:31
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share SMPL Nasdaq Indicate by c
Filing Documents
- tm2412311d1_8k.htm (8-K) — 34KB
- tm2412311d1_ex10-1.htm (EX-10.1) — 86KB
- tm2412311d1_ex10-2.htm (EX-10.2) — 25KB
- tm2412311d1_8kimg001.jpg (GRAPHIC) — 17KB
- 0001104659-24-050021.txt ( ) — 391KB
- smpl-20240417.xsd (EX-101.SCH) — 3KB
- smpl-20240417_lab.xml (EX-101.LAB) — 33KB
- smpl-20240417_pre.xml (EX-101.PRE) — 22KB
- tm2412311d1_8k_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 The Simply Good Foods Company Second Amended and Restated Executive Severance Compensation Plan, dated April 16, 2024 10.2 The Simply Good Foods Company 2017 Omnibus Incentive Plan, as amended from time to time Policy Regarding Treatment of Awards in the Event of an Awardee's Retirement, Approved as of April 16, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL 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. Date: April 22, 2024 By: /s/ Shaun P. Mara Name: Shaun P. Mara Title: Chief Financial Officer (Principal Financial Officer)