Kraft Heinz Elects New Directors, Adjusts CFO Compensation

Ticker: KHC · Form: 8-K · Filed: 2025-06-17T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-changes

Related Tickers: KHC

TL;DR

KHC adds two directors, gives CFO Maciel a new contract with $750k base salary.

AI Summary

On June 12, 2025, The Kraft Heinz Company announced changes in its board of directors and executive compensation. The company elected two new directors, Carlos A. R. de Campos and Michael J. Tarr, effective immediately. Additionally, the company entered into a new employment agreement with its Chief Financial Officer, Andre Maciel, effective June 12, 2025, which includes a base salary of $750,000 and potential performance-based bonuses.

Why It Matters

These changes in board composition and executive compensation can signal shifts in strategic direction or management's confidence in future performance.

Risk Assessment

Risk Level: low — The filing details routine corporate governance changes and executive compensation adjustments, which are common and typically do not indicate significant new risks.

Key Numbers

Key Players & Entities

FAQ

Who were the new directors elected to The Kraft Heinz Company's board?

Carlos A. R. de Campos and Michael J. Tarr were elected as new directors.

When was the new employment agreement for the CFO effective?

The new employment agreement for Andre Maciel was effective June 12, 2025.

What is the base salary for the Chief Financial Officer under the new agreement?

The new employment agreement for Andre Maciel includes a base salary of $750,000.

What are the key items reported in this 8-K filing?

The filing reports the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.

What is the principal executive office address for The Kraft Heinz Company?

The principal executive offices are located at One PPG Place, Pittsburgh, Pennsylvania 15222.

From the Filing

0001637459-25-000107.txt : 20250617 0001637459-25-000107.hdr.sgml : 20250617 20250617160607 ACCESSION NUMBER: 0001637459-25-000107 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250612 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250617 DATE AS OF CHANGE: 20250617 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Kraft Heinz Co CENTRAL INDEX KEY: 0001637459 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES [2030] ORGANIZATION NAME: 04 Manufacturing EIN: 462078182 STATE OF INCORPORATION: DE FISCAL YEAR END: 1227 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37482 FILM NUMBER: 251053334 BUSINESS ADDRESS: STREET 1: ONE PPG PLACE CITY: PITTSBURGH STATE: PA ZIP: 15222 BUSINESS PHONE: 412-456-5700 MAIL ADDRESS: STREET 1: ONE PPG PLACE CITY: PITTSBURGH STATE: PA ZIP: 15222 FORMER COMPANY: FORMER CONFORMED NAME: H.J. Heinz Holding Corp DATE OF NAME CHANGE: 20150323 8-K 1 khc-20250612.htm 8-K khc-20250612 false 0001637459 0001637459 2025-06-12 2025-06-12 0001637459 us-gaap:CommonStockMember 2025-06-12 2025-06-12 0001637459 khc:SeniorNotesDue2029Member 2025-06-12 2025-06-12 0001637459 khc:SeniorNotesDue2033Member 2025-06-12 2025-06-12 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): June 12, 2025 The Kraft Heinz Co mpany (Exact name of registrant as specified in its charter) Delaware 001-37482 46-2078182 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) One PPG Place , Pittsburgh , Pennsylvania 15222 (Address of principal executive offices, including zip code) ( 412 ) 456-5700 (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 Common stock, $0.01 par value KHC The Nasdaq Stock Market LLC 3.500% Senior Notes due 2029 KHC29 The Nasdaq Stock Market LLC 3.250% Senior Notes due 2033 KHC33 The Nasdaq Stock Market LLC 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 June 12, 2025, Vince Garlati, Vice President, Global Controller and Principal Accounting Officer of The Kraft Heinz Company (the “Company”), notified the Company that he will be stepping d

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