Sysco Corp Announces Executive and Board Changes
Ticker: SYY · Form: 8-K · Filed: 2024-08-05T00:00:00.000Z
Sentiment: neutral
Topics: leadership-change, board-of-directors, executive-compensation
Related Tickers: SYY
TL;DR
Sysco board shakeup: Niccol out, Hourican in, exec comp details released.
AI Summary
Sysco Corporation announced on July 31, 2024, changes in its executive leadership and board of directors. Effective July 31, 2024, Brian W. Niccol, a director since 2017, resigned from the board. Additionally, the company appointed Kevin M. Hourican as a new director, effective the same date. The filing also details compensatory arrangements for certain officers.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Sysco Corporation (company) — Registrant
- Brian W. Niccol (person) — Resigning Director
- Kevin M. Hourican (person) — Appointed Director
- July 31, 2024 (date) — Effective date of changes
FAQ
Who resigned from Sysco's board of directors?
Brian W. Niccol resigned from Sysco's board of directors.
When were the changes to the board and executive leadership effective?
The changes were effective July 31, 2024.
Who was appointed as a new director to Sysco's board?
Kevin M. Hourican was appointed as a new director.
What other information is provided in this 8-K filing?
The filing also details compensatory arrangements for certain officers.
How long had Brian W. Niccol been a director at Sysco?
Brian W. Niccol had been a director since 2017.
Filing Stats: 1,306 words · 5 min read · ~4 pages · Grade level 13.4 · Accepted 2024-08-05 17:11:32
Key Financial Figures
- $1.00 — ange on which registered Common stock, $1.00 Par Value SYY New York Stock Exchange
Filing Documents
- syy-20240731.htm (8-K) — 37KB
- 0000096021-24-000077.txt ( ) — 179KB
- syy-20240731.xsd (EX-101.SCH) — 2KB
- syy-20240731_def.xml (EX-101.DEF) — 13KB
- syy-20240731_lab.xml (EX-101.LAB) — 23KB
- syy-20240731_pre.xml (EX-101.PRE) — 14KB
- syy-20240731_htm.xml (XML) — 3KB
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: August 5, 2024 By: /s/ Eve M. McFadden Eve M. McFadden Senior Vice President, Legal, General Counsel and Corporate Secretary - 4 -