Albertsons Files 8-K: Director/Officer Changes & Compensation

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

Sentiment: neutral

Topics: corporate-governance, executive-compensation, board-of-directors

TL;DR

Albertsons 8-K: Board and exec comp changes filed Feb 27.

AI Summary

Albertsons Companies, Inc. filed an 8-K on February 27, 2025, reporting changes in directors and officers, and compensatory arrangements. The filing details the election of new directors and potential adjustments to executive compensation, though specific names and dollar amounts for these changes are not detailed in this excerpt.

Why It Matters

Changes in a company's board of directors and executive compensation can signal shifts in strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing is routine and reports standard corporate governance and compensation updates without immediate financial implications.

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates the election of directors and departure of directors, but does not list specific names or the exact number of changes in this excerpt.

Are there any new officers appointed?

The filing mentions the appointment of certain officers as an item of report, but does not provide specific names or details of the appointments.

What is the nature of the compensatory arrangements being reported?

The filing states that it covers compensatory arrangements of certain officers, but the specific details of these arrangements are not included in this excerpt.

When was this 8-K form filed?

This Form 8-K was filed on March 3, 2025, reporting events as of February 27, 2025.

What is the primary business of Albertsons Companies, Inc.?

Albertsons Companies, Inc. is in the business of grocery stores, as indicated by its Standard Industrial Classification code [5411].

From the Filing

0001646972-25-000028.txt : 20250303 0001646972-25-000028.hdr.sgml : 20250303 20250303160421 ACCESSION NUMBER: 0001646972-25-000028 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 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250303 DATE AS OF CHANGE: 20250303 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: 0222 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39350 FILM NUMBER: 25697706 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 8-K 1 aci-20250227.htm 8-K aci-20250227 0001646972 False 0001646972 2025-02-27 2025-02-27 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   Albertsons Companies, Inc. (Exact Name of Registrant as Specified in Charter)   Delaware 001-39350 47-4376911 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)   250 Parkcenter Blvd. Boise , Idaho 83706 (Address of principal executive office and zip code) ( 208 ) 395-6200 (Registrant’s telephone number, including area code) Not Applicable (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: ☐ 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 Class A common stock, $0.01 par value ACI 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. ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 27, 2025, Vivek Sankaran, Chief Executive Officer of Albertsons Companies, Inc. (the "Company"), notified the Company's Board of Directors (the "Board") of his decision to retire as CEO and member of the Board effective May 1, 2025. Mr. Sankaran's decision to retire from the position of Chief Executive Officer and Board member is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. As part of the Company's succession plan, on February 27, 2025, the Board appointed Susan Morris to succeed Mr. Sankaran as Chief Executive Officer

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