Grocery Outlet CEO Compensation Agreement

TL;DR

GO stock: CEO McGillicuddy's new pay deal is set, details out today.

AI Summary

Grocery Outlet Holding Corp. announced on January 17, 2025, changes in its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its Chief Executive Officer, R. Brian McGillicuddy, effective January 17, 2025. The agreement details his salary, bonus potential, and equity awards.

Why It Matters

This filing provides insight into the compensation structure for Grocery Outlet's CEO, which can influence executive motivation and shareholder value perception.

Risk Assessment

Risk Level: low — The filing primarily concerns executive compensation, which is a routine disclosure and does not indicate significant operational or financial risk.

Key Players & Entities

• Grocery Outlet Holding Corp. (company) — Registrant
• R. Brian McGillicuddy (person) — Chief Executive Officer
• January 17, 2025 (date) — Effective date of employment agreement

FAQ

From the Filing

0001104659-25-005036.txt : 20250122 0001104659-25-005036.hdr.sgml : 20250122 20250122063533 ACCESSION NUMBER: 0001104659-25-005036 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20250117 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250122 DATE AS OF CHANGE: 20250122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grocery Outlet Holding Corp. CENTRAL INDEX KEY: 0001771515 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 471874201 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38950 FILM NUMBER: 25543855 BUSINESS ADDRESS: STREET 1: 5650 HOLLIS STREET CITY: EMERYVILLE STATE: CA ZIP: 94608 BUSINESS PHONE: (510) 845-1999 MAIL ADDRESS: STREET 1: 5650 HOLLIS STREET CITY: EMERYVILLE STATE: CA ZIP: 94608 8-K 1 tm253888d1_8k.htm FORM 8-K false 0001771515 0001771515 2025-01-17 2025-01-17 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       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 Earliest Event reported): January 17, 2025         Grocery Outlet Holding Corp. (Exact name of registrant as specified in its charter)       Delaware 001-38950 47-1874201 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)   5650 Hollis Street , Emeryville , California   94608 (Address of principal executive offices)   (Zip Code)   ( 510 ) 845-1999 (Registrant's telephone number, including area code)       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 each exchange on which registered Common stock, par value $0.001 per share GO Nasdaq Global Select Market   Indicate by check mark whether the registrant is an emerging growth company 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.   Jason Potter – Appointment as President and Chief Executive Officer, and Director; Execution of Employment Agreement   On January 17, 2025, the board of directors (the "Board") of Grocery Outlet Holding Corp. (the "Company"