Albertsons Files Proxy Statement for August 8th Annual Meeting

TL;DR

Albertsons DEF 14A is out - vote on exec pay & board for Aug 8th meeting.

AI Summary

Albertsons Companies, Inc. filed its definitive proxy statement (DEF 14A) on June 21, 2024, for its annual meeting on August 8, 2024. The filing details executive compensation, board nominations, and other corporate governance matters for the fiscal year ending February 2024. Shareholders will vote on proposals including the election of directors and the ratification of PricewaterhouseCoopers LLP as its independent registered public accounting firm.

Why It Matters

This filing provides crucial information for shareholders to make informed voting decisions on company leadership and governance, impacting the company's strategic direction and financial oversight.

Risk Assessment

Risk Level: low — This is a routine annual proxy filing, not indicating any immediate financial distress or significant new risks.

Key Numbers

• 20240808 — Annual Meeting Date (Shareholders will vote on proposals at this date.)
• 0224 — Fiscal Year End (The proxy statement covers the fiscal year ending on this date.)

Key Players & Entities

• Albertsons Companies, Inc. (company) — Registrant
• PricewaterhouseCoopers LLP (company) — Independent Registered Public Accounting Firm

FAQ

From the Filing

0001140361-24-030899.txt : 20240621 0001140361-24-030899.hdr.sgml : 20240621 20240621160953 ACCESSION NUMBER: 0001140361-24-030899 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 93 CONFORMED PERIOD OF REPORT: 20240808 FILED AS OF DATE: 20240621 DATE AS OF CHANGE: 20240621 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Albertsons Companies, Inc. CENTRAL INDEX KEY: 0001646972 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0224 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-39350 FILM NUMBER: 241060245 BUSINESS ADDRESS: STREET 1: 250 PARKCENTER BLVD. CITY: BOISE STATE: ID ZIP: 83706 BUSINESS PHONE: 208-395-6200 MAIL ADDRESS: STREET 1: 250 PARKCENTER BLVD. CITY: BOISE STATE: ID ZIP: 83706 DEF 14A 1 ny20019591x1_def14a.htm DEF 14A       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549       SCHEDULE 14A   (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )         Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐   Check the appropriate box:   ☐ Preliminary Proxy Statement   ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))   ☒ Definitive Proxy Statement   ☐ Definitive Additional Materials   ☐ Soliciting Material under §240.14a-12     Albertsons Companies, Inc. (Name of Registrant as Specified in its Charter)   (Name of Person(s) Filing Proxy Statement, if other than the Registrant)   Payment of Filing Fee (Check all boxes that apply):   ☒ No fee required ☐ Fee paid previously with preliminary materials ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11                  June 21, 2024   Dear Fellow Stockholder:   It is my pleasure to invite you to attend the Annual Meeting of Stockholders of Albertsons Companies, Inc. at 3:00 p.m. Mountain Daylight Time on Thursday, August 8, 2024.   We continue to work diligently toward the closing of our proposed merger with Kroger. Through a family of well-known and trusted supermarket banners, this combination will expand customer reach and improve proximity to deliver fresh and affordable groceries to approximately 85 million households with a premier omnichannel experience. Merging with Kroger will also enable us to lower prices for customers, enhance the customer shopping experience, provide new career opportunities for our associates, protect union jobs, increase associate wages, and build on our shared commitment to supporting local communities.   While efforts on the merger were still underway in fiscal 2023, we remained laser-focused on our performance and execution as a stand-alone public company, and made significant progress against our strategic priorities. We continued to deliver on our Customers for Life strategy—investing approximately $2.0 billion in our stores and technology, while advancing our productivity initiatives to increase efficiency and drive cost savings. We also continued to live and fulfill our purpose of bringing people together around the joys of food and inspiring wellbeing.   I am incredibly proud of the way our team continued to serve customers and communities while driving solid operating and financial performance. Our results for fiscal 2023 speak to the significant progress we have made amidst industry-wide headwinds. Identical sales increased 3%, total sales were $79.2 billion, and net income was $1.3 billion, or $2.23 per share. Adjusted net income was $1.7 billion, or $2.88 per share, and Adjuste