Sysco Corp Announces Executive and Director Changes
Ticker: SYY · Form: 8-K · Filed: 2024-04-30T00:00:00.000Z
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
Related Tickers: SYY
TL;DR
Sysco's board and execs are shuffling; watch for strategy shifts.
AI Summary
Sysco Corporation announced on April 30, 2024, changes in its executive team and board of directors. The filing details the departure of certain officers and the election of new directors, alongside updates to executive compensation arrangements. Specific details regarding the individuals involved and the precise nature of compensation changes are outlined within the report.
Why It Matters
Changes in key leadership and board composition can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and operational direction.
Key Numbers
- 0000096021 — Central Index Key (Unique identifier for Sysco Corporation with the SEC.)
- 001-06544 — SEC File Number (Sysco Corporation's SEC filing number.)
Key Players & Entities
- Sysco Corporation (company) — Registrant
- Delaware (jurisdiction) — State of Incorporation
- Houston, TX (location) — Principal executive offices
FAQ
What specific roles have been affected by the departure of officers?
The filing indicates the departure of certain officers, but the specific roles are detailed within the full report, not summarized in the provided header.
Who are the newly elected directors?
The election of directors is mentioned as an item, but the names of the newly elected directors are not present in the provided header information.
What are the key changes in compensatory arrangements for officers?
The filing notes changes to compensatory arrangements for certain officers, with the specifics to be found within the complete document.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on April 30, 2024.
What is Sysco Corporation's fiscal year end?
Sysco Corporation's fiscal year ends on June 29.
Filing Stats: 790 words · 3 min read · ~3 pages · Grade level 10.6 · Accepted 2024-04-30 08:09:12
Key Financial Figures
- $1.00 — ange on which registered Common stock, $1.00 Par Value SYY New York Stock Exchange
Filing Documents
- syy-20240430.htm (8-K) — 30KB
- newsrelease_boardannouncem.htm (EX-99.1) — 10KB
- newreleaseheaderkevinkim.jpg (GRAPHIC) — 470KB
- 0000096021-24-000039.txt ( ) — 825KB
- syy-20240430.xsd (EX-101.SCH) — 3KB
- syy-20240430_def.xml (EX-101.DEF) — 15KB
- syy-20240430_lab.xml (EX-101.LAB) — 27KB
- syy-20240430_pre.xml (EX-101.PRE) — 16KB
- syy-20240430_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (a) Financial Statements of Businesses Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Shell Company Transactions. Not applicable. (d) Exhibits. Exhibit Number Description 99.1 Press Release dated April 30, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) - 3 -
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Sysco Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Sysco Corporation Date: April 30, 2024 By: /s/ Eve M. McFadden Eve M. McFadden Senior Vice President, Legal, General Counsel and Corporate Secretary - 4 -