Sysco Corporation (NYSE:SYY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
(d) On April12, 2018, the Board of Directors (the “Board”) of Sysco Corporation (“Sysco” or the “Company”) increased the size of the Board from thirteen to fourteen directors and elected JohnM. Hinshaw to fill the resulting vacancy, effective on such date. The Board expects to appoint Mr.Hinshaw to one or more Board committees at the Board’s regular meeting in May 2018, but the specifics of these appointments have not been determined. Mr.Hinshaw will receive customary compensation from the Company for serving as a non-employee director, in accordance with the Company’s director compensation program as described in the Company’s proxy statement for its 2017 annual meeting of stockholders, filed with the Securities and Exchange Commission on October6, 2017.
There are no transactions between Mr.Hinshaw and the Company that would be reportable under Item404(a) of RegulationS-K, and no arrangements or understandings with any other persons to which he was selected. In addition, the Board has affirmatively determined that Mr.Hinshaw is independent under the New York Stock Exchange independence standards and the Company’s categorical standards set forth in Sysco’s Corporate Governance Guidelines.
The Company’s press release dated April12, 2018 is attached hereto as Exhibit99.1 and incorporated herein by reference.
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SECTION9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 5.02 Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Shell Company Transactions.
Not applicable.
(d) Exhibits.
|
Exhibit Number |
Description |
| 99.1 | Press Release dated April12, 2018 |
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EXHIBIT INDEX
|
Exhibit Number |
Description |
| 99.1 | Press Release dated April12, 2018 |
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SYSCO CORP ExhibitEX-99.1 2 d567651dex991.htm EX-99.1 EX-99.1 EXHIBIT 99.1 For more information contact: Sysco Corporation Neil Russell Investor Contact Camilla Zuckero Media Contact 1390 Enclave Parkway Houston,…To view the full exhibit click here
About Sysco Corporation (NYSE:SYY)
Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States. Broadline operating companies distribute a full line of food products and a range of non-food products to both traditional and chain restaurant customers, hospitals, schools, hotels, industrial caterers and other venues where foodservice products are served. SYGMA operating companies distribute a full line of food products and a range of non-food products to certain chain restaurant customer locations. The Other segment includes the Company’s specialty produce; custom-cut meat operations; lodging industry segments; a company that distributes specialty imported products; a company that distributes to international customers, and Sysco Ventures platform.
