US Foods Holding Corp. Files Definitive Proxy Statement

Ticker: USFD · Form: DEF 14A · Filed: 2024-04-02T00:00:00.000Z

Sentiment: neutral

Topics: US Foods, DEF 14A, Proxy Statement, Executive Compensation, Corporate Governance

TL;DR

<b>US Foods Holding Corp. has filed its Definitive Proxy Statement for the fiscal year ending December 30, 2023.</b>

AI Summary

US Foods Holding Corp. (USFD) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. US Foods Holding Corp. filed a Definitive Proxy Statement (DEF 14A) on April 2, 2024. The filing covers the fiscal year ending December 30, 2023. The company's principal executive offices are located at 9399 W. Higgins Rd., Suite 100, Rosemont, IL 60018. The filing includes information related to executive compensation, including pension values for named executive officers. The company is incorporated in Illinois and operates in the Wholesale - Groceries & Related Products sector.

Why It Matters

For investors and stakeholders tracking US Foods Holding Corp., this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation and corporate governance, enabling informed voting decisions. As a DEF 14A filing, it details matters to be presented at the annual shareholder meeting, including the election of directors and executive compensation plans.

Risk Assessment

Risk Level: — US Foods Holding Corp. shows moderate risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate disclosure practices with no immediate red flags.

Analyst Insight

Review the executive compensation details and director nominations to understand potential impacts on shareholder value and corporate strategy.

Key Numbers

Key Players & Entities

FAQ

When did US Foods Holding Corp. file this DEF 14A?

US Foods Holding Corp. filed this Proxy Statement (DEF 14A) with the SEC on April 2, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by US Foods Holding Corp. (USFD).

Where can I read the original DEF 14A filing from US Foods Holding Corp.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by US Foods Holding Corp..

What are the key takeaways from US Foods Holding Corp.'s DEF 14A?

US Foods Holding Corp. filed this DEF 14A on April 2, 2024. Key takeaways: US Foods Holding Corp. filed a Definitive Proxy Statement (DEF 14A) on April 2, 2024.. The filing covers the fiscal year ending December 30, 2023.. The company's principal executive offices are located at 9399 W. Higgins Rd., Suite 100, Rosemont, IL 60018..

Is US Foods Holding Corp. a risky investment based on this filing?

Based on this DEF 14A, US Foods Holding Corp. presents a moderate-risk profile. The filing is a routine DEF 14A, indicating standard corporate disclosure practices with no immediate red flags.

What should investors do after reading US Foods Holding Corp.'s DEF 14A?

Review the executive compensation details and director nominations to understand potential impacts on shareholder value and corporate strategy. The overall sentiment from this filing is neutral.

How does US Foods Holding Corp. compare to its industry peers?

US Foods Holding Corp. operates in the wholesale grocery distribution sector, serving a wide range of customers in the foodservice industry.

Are there regulatory concerns for US Foods Holding Corp.?

The filing is a DEF 14A, a standard disclosure document required by the SEC for public companies regarding matters to be voted on at shareholder meetings.

Industry Context

US Foods Holding Corp. operates in the wholesale grocery distribution sector, serving a wide range of customers in the foodservice industry.

Regulatory Implications

The filing is a DEF 14A, a standard disclosure document required by the SEC for public companies regarding matters to be voted on at shareholder meetings.

What Investors Should Do

  1. Analyze executive compensation packages and any proposed changes.
  2. Review director nominations and qualifications.
  3. Understand proposals to be voted on by shareholders.

Key Dates

Year-Over-Year Comparison

This is the initial DEF 14A filing for the fiscal year ending December 30, 2023, following previous filings for earlier periods.

Filing Stats: 4,532 words · 18 min read · ~15 pages · Grade level 13.3 · Accepted 2024-04-02 16:05:10

Key Financial Figures

Filing Documents

Executive Compensation

Executive Compensation 52 Pay Versus Performance 64 Proposal 3: Approval of an Amendment to the Employee Stock Purchase Plan 67 Proposal 4: Ratification of Appointment of Independent Registered Public Accounting Firm 71 Audit Committee Report 72

Security Ownership of Certain Beneficial Owners, Directors, and Executive Officers

Security Ownership of Certain Beneficial Owners, Directors, and Executive Officers 73 About the Annual Meeting 76 Other Matters 82 Appendix A — Non-GAAP Financial Measures A- 1 Appendix B — Amended and Restated Employee Stock Purchase Plan B- 1

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Statements in this Proxy Statement which are not historical in nature are "forward-looking statements" within the meaning of the federal securities laws. These statements often include words such as "believe," "expect," "project," "anticipate," "intend," "plan," "outlook," "estimate," "target," "seek," "will," "may," "would," "should," "could," "forecast," "mission," "strive," "more," "goal," or similar expressions (although not all forward-looking statements may contain such words) and are based upon various assumptions and our experience in the industry, as well as historical trends, current conditions, and expected future developments. However, you should understand that these statements are not guarantees of performance or results and there are a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed in the forward-looking statements, including, among others: economic factors affecting consumer confidence and discretionary spending and reducing the consumption of food prepared away from home; cost inflation/deflation and commodity volatility; competition; reliance on third party suppliers and interruption of product supply or increases in product costs; changes in our relationships with customers and group purchasing organizations; our ability to increase or maintain the highest margin portions of our business; achievement of expected benefits from cost savings initiatives; increases in fuel costs; changes in consumer eating habits; cost and pricing structures; the impact of climate change or related legal, regulatory or market measures; impairment charges for goodwill, indefinite-lived intangible assets or other long-lived assets; the impact of governmental regulations; product recalls and product liability claims; our reputation in the industry; labor relations and increased labor costs and continued access to qualified and diverse labor; indebtedness

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