UNFI Files 8-K for Material Definitive Agreement
Ticker: UNFI · Form: 8-K · Filed: May 21, 2024 · CIK: 1020859
| Field | Detail |
|---|---|
| Company | United Natural Foods INC (UNFI) |
| Form Type | 8-K |
| Filed Date | May 21, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, regulation-fd, financials
Related Tickers: UNFI
TL;DR
UNFI signed a big deal, details to come.
AI Summary
On May 21, 2024, United Natural Foods, Inc. (UNFI) filed an 8-K to report the entry into a material definitive agreement. The filing also includes Regulation FD disclosures and financial statements/exhibits, but specific details of the agreement, including parties involved and financial terms, are not provided in this excerpt.
Why It Matters
This filing indicates a significant new contract or partnership for United Natural Foods, Inc., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The filing signals a material event, but the lack of specific details about the agreement introduces uncertainty regarding its potential impact.
Key Players & Entities
- UNITED NATURAL FOODS, INC. (company) — Registrant
- 001-15723 (company) — Commission File Number
- 05-0376157 (company) — IRS Employer Identification No.
- May 21, 2024 (date) — Date of Report
FAQ
What is the nature of the material definitive agreement entered into by United Natural Foods, Inc.?
The provided excerpt does not specify the details of the material definitive agreement, only that one was entered into on May 21, 2024.
Who are the parties involved in this material definitive agreement?
The excerpt does not identify the other parties to the material definitive agreement.
What is the financial impact of this agreement on United Natural Foods, Inc.?
The financial terms and potential impact of the agreement are not disclosed in this portion of the filing.
What other items are included in this 8-K filing?
The filing also includes Regulation FD disclosures and financial statements and exhibits.
When was this 8-K report filed?
The report was filed on May 21, 2024.
Filing Stats: 739 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2024-05-21 16:21:06
Key Financial Figures
- $0.01 — ich registered Common stock, par value $0.01 UNFI New York Stock Exchange Indicate
Filing Documents
- unfi-20240521.htm (8-K) — 28KB
- ex991customercontract.htm (EX-99.1) — 8KB
- 0001020859-24-000020.txt ( ) — 160KB
- unfi-20240521.xsd (EX-101.SCH) — 2KB
- unfi-20240521_lab.xml (EX-101.LAB) — 21KB
- unfi-20240521_pre.xml (EX-101.PRE) — 12KB
- unfi-20240521_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On May 21, 2024, United Natural Foods, Inc., a Delaware corporation (the "Company"), and Whole Foods Market Services, Inc. ("Whole Foods Market"), an affiliate of Whole Foods Market, Inc., entered into an Amended and Restated Agreement for Distribution of Products (the "Distribution Agreement"). The Distribution Agreement amends and restates the Company's prior agreement with Whole Foods Market Distribution, Inc., dated October 30, 2015, as amended on March 3, 2021, which was scheduled to terminate on September 27, 2027. The Distribution Agreement extends the term to May 20, 2032. The Distribution Agreement relates to all products except produce and catch weight meat purchased by Whole Foods Market from the Company for sale in Whole Foods Market's continental United States locations (excluding products distributed by UNFI Canada, Inc., Tony's Fine Foods, Nor-Cal Produce, Inc. and Albert's Organics, Inc., each of which is a wholly owned subsidiary of the Company, and products purchased by Whole Foods Market from the Company's non-wholesale, manufacturing arms and retail divisions). The Distribution Agreement provides for certain pricing and other terms in the event that Whole Foods Market meets certain minimum purchase requirements in certain periods. The foregoing description of the Distribution Agreement in this Form 8-K is only a summary and does not purport to be complete and is qualified in its entirety by reference to the Distribution Agreement, a copy of which will be filed as an Exhibit to UNFI's Quarterly Report on Form 10-Q for the quarter ended April 27, 2024.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. A copy of the press release announcing the Distribution Agreement issued by the Company on May 21, 2024 is being furnished as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release of United Natural Foods, Inc. dated May 21, 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. UNITED NATURAL FOODS, INC. By: /s/ Giorgio Matteo Tarditi Name: Giorgio Matteo Tarditi Title: President and Chief Financial Officer Date: May 21, 2024