Weis Markets 8-K: Officer/Director Changes, Comp Arrangements

TL;DR

**Weis Markets just filed an 8-K about executive changes and pay, watch for details!**

AI Summary

Weis Markets, Inc. filed an 8-K on February 9, 2024, reporting an event that occurred on February 8, 2024, related to Item 5.02, which covers changes in directors or certain officers and their compensatory arrangements. This filing indicates a change in leadership or executive compensation, which could impact the company's strategic direction and financial performance. Investors should pay attention to the specifics of these changes as they can signal future operational shifts or financial commitments by the company.

Why It Matters

Changes in executive leadership or compensation can significantly influence a company's strategy, operational efficiency, and financial health, directly affecting shareholder value.

Risk Assessment

Risk Level: medium — Changes in leadership or compensation can introduce uncertainty, but the specific details are not yet public, making the immediate risk moderate.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the executive changes and compensation arrangements, as these will provide clarity on potential strategic shifts or financial impacts.

Key Players & Entities

• WEIS MARKETS, INC. (company) — registrant filing the 8-K
• February 8, 2024 (date) — date of earliest event reported
• February 9, 2024 (date) — date the 8-K was filed
• Item 5.02 (null) — SEC filing item for departure/election of officers/directors and compensatory arrangements

Forward-Looking Statements

• Weis Markets will release further details regarding the specific changes in officers or directors and their compensation. (WEIS MARKETS, INC.) — high confidence, target: Q1 2024

FAQ

From the Filing

0000105418-24-000005.txt : 20240209 0000105418-24-000005.hdr.sgml : 20240209 20240209170114 ACCESSION NUMBER: 0000105418-24-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240208 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEIS MARKETS INC CENTRAL INDEX KEY: 0000105418 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 240755415 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05039 FILM NUMBER: 24615944 BUSINESS ADDRESS: STREET 1: 1000 S SECOND ST STREET 2: PO BOX 471 CITY: SUNBURY STATE: PA ZIP: 17801 BUSINESS PHONE: 570-286-4571 MAIL ADDRESS: STREET 1: 1000 S SECOND ST STREET 2: PO BOX 471 CITY: SUNBURY STATE: PA ZIP: 17801 8-K 1 wmk-20240208x8k.htm 8-K 0000105418 false 0000105418 2024-02-08 2024-02-08 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): February 8, 2024 WEIS MARKETS, INC . (Exact name of registrant as specified in its charter) ​ Pennsylvania (State or other jurisdiction of incorporation) ​ 1-5039 ​ 24-0755415 (Commission File Number) ​ (IRS Employer Identification No.) ​ ​ ​ 1000 South Second Street ​ ​ Sunbury , PA ​ 17801 (Address of principal executive offices) ​ (Zip Code) ​ Registrant's telephone number, including area code:  ( 570 ) 286-4571 N/A (Former name or former address, if changed since last report) 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 exchange on which registered Common stock, no par value WMK New York Stock Exchange ​ Indicate by check mark whether the registrant is an emerging growth company as defined in 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. Retirement of Senior Vice President of Real Estate and Development, Secretary ​ On February 8, 2024, Harold G. Graber, Senior Vice President of Real Estate and Development, Secretary announced his intention to retire from the Company after 34 years of distinguished service effective February 29, 2024. ​ Mr. Graber joined the Company in October 1989 as the Director of Real Estate. Mr. Graber, who served the Company as Vice President for Real Estate since 1996, was promoted to Senior Vice President of Real