Sysco Corp Reports Director Changes and Officer Compensation Updates

Ticker: SYY · Form: 8-K · Filed: 2025-03-03T00:00:00.000Z

Sentiment: neutral

Topics: governance, officer-compensation, board-of-directors

Related Tickers: SYY

TL;DR

Sysco's board is shuffling directors and tweaking exec pay, effective Feb 28.

AI Summary

Sysco Corporation announced on February 27, 2025, changes related to its board of directors and executive compensation. Specifically, the company reported the departure of a director, the election of a new director, and updates to the compensatory arrangements for certain officers. These changes are effective as of February 28, 2025.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing reports routine corporate governance changes and does not indicate any significant financial distress or operational issues.

Key Players & Entities

Sysco Corporation (company) — Registrant
February 27, 2025 (date) — Date of earliest event reported
February 28, 2025 (date) — Date as of change
Delaware (jurisdiction) — State of Incorporation
Houston, TX (location) — Principal executive offices

FAQ

Who is the departing director from Sysco Corporation?

The filing does not name the specific departing director, only that a departure has occurred.

Who is the newly elected director at Sysco Corporation?

The filing does not name the specific newly elected director, only that an election has taken place.

What specific changes were made to the compensatory arrangements of certain officers?

The filing indicates updates to compensatory arrangements but does not detail the specific changes within this document.

When are these reported changes effective?

The changes are effective as of February 28, 2025.

What is Sysco Corporation's fiscal year end?

Sysco Corporation's fiscal year ends on June 28.

From the Filing

0000096021-25-000013.txt : 20250303 0000096021-25-000013.hdr.sgml : 20250303 20250228210705 ACCESSION NUMBER: 0000096021-25-000013 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250227 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250303 DATE AS OF CHANGE: 20250228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYSCO CORP CENTRAL INDEX KEY: 0000096021 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-GROCERIES & RELATED PRODUCTS [5140] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 741648137 STATE OF INCORPORATION: DE FISCAL YEAR END: 0628 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06544 FILM NUMBER: 25693349 BUSINESS ADDRESS: STREET 1: 1390 ENCLAVE PKWY CITY: HOUSTON STATE: TX ZIP: 77077 BUSINESS PHONE: 281-584-1390 MAIL ADDRESS: STREET 1: 1390 ENCLAVE PKWY CITY: HOUSTON STATE: TX ZIP: 77077 8-K 1 syy-20250227.htm 8-K syy-20250227 0000096021 FALSE 8-K 2/27/25 0000096021 2024-01-30 2024-01-30 0000096021 us-gaap:CommonStockMember 2024-01-30 2024-01-30 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 of earliest event reported): February 27, 2025 _______________________ Sysco Corporation (Exact name of registrant as specified in its charter) _________________________ Delaware 1-06544 74-1648137 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 1390 Enclave Parkway , Houston , TX 77077-2099 (Address of principal executive offices) (zip code) Registrant’s telephone number, including area code: ( 281 ) 584-1390 N/A     (Former name or former address, if changed since last report) _________________________     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 (see General Instruction A.2. below): ☐     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(s) Name of each exchange on which registered Common stock, $1.00 Par Value SYY New York Stock Exchange 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.     SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 26, 2025, the Compensation and Leadership Development Committee (the “ Committee ”) of the Board of Directors (the “ Board ”) of Sysco Corporation (“ Sysco ” or the “ Company ”) approved for Mr. Thomas R. Peck, Jr., Executive Vice President, Chief