Simply Good Foods Elects New Directors, Updates Exec Pay

TL;DR

Simply Good Foods adds two directors and updates CEO/CFO pay packages.

AI Summary

The Simply Good Foods Co. announced on July 17, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael J. Buerk and David M. Rickard, to its Board, effective July 17, 2024. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Joseph E. Scalzo, and Chief Financial Officer, David E. Johnson, detailing their compensation and terms.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing primarily concerns routine corporate governance changes and executive compensation adjustments, which are common and generally do not indicate significant operational risks.

Key Players & Entities

• The Simply Good Foods Company (company) — Registrant
• Michael J. Buerk (person) — Newly elected director
• David M. Rickard (person) — Newly elected director
• Joseph E. Scalzo (person) — Chief Executive Officer
• David E. Johnson (person) — Chief Financial Officer
• July 17, 2024 (date) — Effective date of director elections and report date

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share SMPL Nasdaq Indicate by che

Filing Documents

• smpl-20240717.htm (8-K) — 22KB
• smpl-20240717_g1.jpg (GRAPHIC) — 263KB
• 0001702744-24-000050.txt ( ) — 711KB
• smpl-20240717.xsd (EX-101.SCH) — 2KB
• smpl-20240717_def.xml (EX-101.DEF) — 14KB
• smpl-20240717_lab.xml (EX-101.LAB) — 25KB
• smpl-20240717_pre.xml (EX-101.PRE) — 15KB
• smpl-20240717_htm.xml (XML) — 3KB

From the Filing

smpl-20240717 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________ FORM 8-K _______________________________________________________ Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 17, 2024 _______________________________________________________ The Simply Good Foods Company (Exact name of registrant as specified in its charter) _______________________________________________________ Delaware 001-38115 82-1038121 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number) 1225 17th Street, Suite 1000 Denver , CO 80202 (Address of principal executive offices and zip code) Registrant's telephone number, including area code: ( 303 ) 633-2840 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol Name of each exchange on which registered Common Stock, par value $0.01 per share SMPL Nasdaq Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective July 17, 2024, The Simply Good Foods Company (the "Company"), determined that the role of Chief Growth Officer would be eliminated, with the responsibilities previously assigned to this role being realigned to other members of senior management. As a result, Ms. Linda M. Zink, currently the Chief Growth Officer and a named executive officer, will depart the Company effective September 1, 2024. In connection with her departure, Ms. Zink will receive the benefits she is entitled to under the Company's Second Amended and Restated Executive Severance Plan. In addition, the Compensation Committee of the Board of Directors of the Company determined to accelerate the vesting of 9,944 time-based Restricted Stock Units previously granted to Ms. Zink to September 1, 2024. 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. THE SIMPLY GOOD FOODS COMPANY (Registrant) Date: July 18, 2024 By: /s/ Shaun P. Mara Name: Shaun P. Mara Title: Chief Financial Officer

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View this 8-K filing on SEC EDGAR