Albertsons Companies Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$ACI
Food Chains
Consumer Staples
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
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(208 ) 395-6200
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Securities registered pursuant to Section 12(b) of the Act:
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| 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). | ||||||||
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| 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, effective at the time of Mr. Sankaran's retirement on May 1, 2025. Ms. Morris, 56, has served as the Company's Executive Vice President and Chief Operations Officer since January 2018. Ms. Morris will also replace Mr. Sankaran as a member of the Board on the effective date. There are no related party transactions between the Company and Ms. Morris other than those described in the "Related Party Transactions" section of the Company's Proxy Statement filed June 21, 2024, which is incorporated herein by reference. Additionally, there are no family relationships between Ms. Morris and any other director or officer of the Company.
A copy of the press release announcing Mr. Sankaran's retirement and Ms. Morris' appointment is attached to this report as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. | |||||||
(d) Exhibits. The following exhibits are being filed herewith:
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Albertsons Companies, Inc. | ||||||||
| (Registrant) | ||||||||
| March 3, 2025 | By: | /s/ Thomas Moriarty | ||||||
| Name: | Thomas Moriarty | |||||||
| Title: | Executive Vice President, General Counsel and Chief Policy Officer | |||||||