Grocery Outlet Files 8-K on Officer/Director Changes, Compensation

Ticker: GO · Form: 8-K · Filed: 2024-01-25T00:00:00.000Z

Sentiment: neutral

Topics: executive-change, compensation, governance

TL;DR

**Grocery Outlet filed an 8-K about executive changes and pay, but the details aren't in this filing.**

AI Summary

Grocery Outlet Holding Corp. filed an 8-K on January 25, 2024, to report an event related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.' While the filing indicates a change in leadership or compensation, the specific details of who departed or was appointed, and their compensation, are not provided within this initial 8-K. This matters to investors because changes in key personnel or their compensation can signal shifts in company strategy, performance, or governance, potentially impacting future stock performance.

Why It Matters

Changes in executive leadership or their compensation can significantly influence a company's direction and financial health, directly affecting investor confidence and stock valuation.

Risk Assessment

Risk Level: medium — The filing indicates a change in leadership or compensation, which introduces uncertainty until specific details are disclosed, potentially impacting investor sentiment.

Analyst Insight

A smart investor would monitor subsequent filings from Grocery Outlet Holding Corp. for more detailed information regarding the specific personnel changes and compensation arrangements, as these details will be crucial for assessing potential impacts on the company's future performance and strategy.

Key Numbers

Key Players & Entities

FAQ

What is the primary event reported in this 8-K filing by Grocery Outlet Holding Corp.?

The primary event reported in this 8-K filing, dated January 25, 2024, falls under 'Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.'

What is the trading symbol and the exchange where Grocery Outlet Holding Corp.'s common stock is registered?

Grocery Outlet Holding Corp.'s common stock has the trading symbol 'GO' and is registered on the Nasdaq Global Select Market, as stated in the filing.

What is the state of incorporation for Grocery Outlet Holding Corp.?

Grocery Outlet Holding Corp. is incorporated in Delaware, according to the filing.

Does this 8-K filing provide specific names of individuals who departed or were appointed, or details of their compensatory arrangements?

No, this specific 8-K filing, dated January 25, 2024, only indicates the category of the event (Item 5.02) but does not provide the names of individuals or specific details of their compensatory arrangements within the provided text.

What is the business address and phone number of Grocery Outlet Holding Corp. as listed in the filing?

The business address of Grocery Outlet Holding Corp. is 5650 Hollis Street, Emeryville, California 94608, and their business phone number is (510) 845-1999.

From the Filing

0001771515-24-000002.txt : 20240125 0001771515-24-000002.hdr.sgml : 20240125 20240125160700 ACCESSION NUMBER: 0001771515-24-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240125 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grocery Outlet Holding Corp. CENTRAL INDEX KEY: 0001771515 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 471874201 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38950 FILM NUMBER: 24562206 BUSINESS ADDRESS: STREET 1: 5650 HOLLIS STREET CITY: EMERYVILLE STATE: CA ZIP: 94608 BUSINESS PHONE: (510) 845-1999 MAIL ADDRESS: STREET 1: 5650 HOLLIS STREET CITY: EMERYVILLE STATE: CA ZIP: 94608 8-K 1 go-20240125.htm 8-K go-20240125 0001771515 false 0001771515 2024-01-25 2024-01-25 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 Earliest Event reported): January 25, 2024 Grocery Outlet Holding Corp. (Exact name of registrant as specified in its charter) Delaware 001-38950 47-1874201 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 5650 Hollis Street , Emeryville , California 94608 (Address of principal executive offices) (Zip Code) ( 510 )  845-1999 (Registrant's telephone number, including area code) ___________________________________ 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 $0.001 per share GO Nasdaq Global Select Market 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. On January 25, 2024, Grocery Outlet Holding Corp. (the "Company" or "Grocery Outlet") issued a press release announcing the appointment of Ramesh Chikkala as the Company's Executive Vice President and Chief Operations Officer, effective January 22, 2024. In this newly created position, Mr. Chikkala will report to Robert J. Sheedy, Jr., the Company's President and Chief Executive Officer. Mr. Chikkala, age 59, previously served as a senior advisor to the operations, supply chain, and technology practices at A.T. Kearney, Inc., a global management consulting firm, from August 2019 to January 2024. From July 2006 to July 2019, Mr. C

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