United Natural Foods Inc. filed SEC Form 8-K: Leadership Update
$UNFI
Food Distributors
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): May 30, 2024
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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.
In an effort to continue to simplify its organizational structure, remove managerial layers and accelerate results, United Natural Foods, Inc. (the “Company”) is eliminating the role of Chief Operating Officer. In connection with this change, effective June 14, 2024 (the “Effective Date”), Erin Horvath will no longer serve as the Company’s Chief Operating Officer.
Because this separation results in a qualifying termination, Ms. Horvath will receive severance benefits to which she is entitled pursuant to the terms of the Amended and Restated Severance Agreement by and between the Company and Ms. Horvath, effective as of March 20, 2023 (“Severance Agreement”). The Severance Agreement contains certain restrictive covenants that will remain in place for the period of time contemplated by the Severance Agreement as well as a release of claims and waiver against the Company. Ms. Horvath’s outstanding equity awards will vest on a prorated basis as provided for upon a Separation from Service without Cause, as set forth in the Company’s Amended and Restated 2020 Equity Incentive Plan.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| UNITED NATURAL FOODS, INC. | |||||
| By: | /s/ Giorgio Matteo Tarditi | ||||
| Name: | Giorgio Matteo Tarditi | ||||
| Title: | President and Chief Financial Officer | ||||
Date: June 5, 2024