VILLAGE SUPER MARKET, INC. (NASDAQ:VLGEA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

VILLAGE SUPER MARKET, INC. (NASDAQ:VLGEA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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On December 14, 2018, the Village Super Market, Inc. Board of Directors appointed Nicholas Sumas and John J. Sumas as Co-Presidents. Robert Sumas will remain Chief Executive Officer. In connection with these appointments, the positions of Chief Marketing Officer and Chief Operating Officer will beeliminated.

Nicholas Sumas has served as Chief Marketing Officer since 2014, Vice President from 2007 through 2014 and has been a Director of the Company since 2009. John J. Sumas has served as Chief Operating Officer since 2014, Vice President from 2007 through 2014 and has been a Director of the Company since 2009. John J. Sumas will remain the Company’s General Counsel, a role he has served since 2007.

Item 5.07 Submission of Matters to a Vote of Security Holders

The Company’s annual meeting of shareholders was held on December14, 2018.The following persons were elected as directors to the following votes:

Directors

For

Withheld

Robert Sumas

32,610,940

3,137,060

William Sumas

33,599,675

2,148,325

John P. Sumas

32,554,033

3,193,967

Nicholas Sumas

33,642,202

2,105,798

John J. Sumas

32,566,833

3,181,167

Kevin Begley

34,151,435

1,596,565

Steven Crystal

35,135,820

612,180

Peter Lavoy

35,542,055

205,945

Stephen Rooney

35,547,939

200,061

The shareholders approved a proposal to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the 2019 fiscal year. The vote totals were as follows: For – 48,315,442; Against – 89,899; Abstain – 6,501.

Item 8.01Other Events

On December17, 2018, the Company announced that its Board of Directors declared quarterly cash dividends of $0.25 per Class A common share and $0.1625 per Class B common share.The dividends will be payable on January24, 2019 to shareholders of record at the close of business on January3, 2019.

Item 9.01Financial Statements and Exhibits

VILLAGE SUPER MARKET INC Exhibit
EX-99.1 2 vlgea-20181214exhibit991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1VILLAGE SUPER MARKET,…
To view the full exhibit click here

About VILLAGE SUPER MARKET, INC. (NASDAQ:VLGEA)

Village Super Market, Inc. (Village) is engaged in retail sale of food and nonfood products. As of July 30, 2016, the Company operated a chain of 29 ShopRite supermarkets, 18 of which are located in northern New Jersey, eight in southern New Jersey, two in Maryland and one in northeastern Pennsylvania. The Company is a member of Wakefern Food Corporation (Wakefern), which is a retailer-owned food cooperative and owner of the ShopRite name. As of July 30, 2016, Wakefern operated 336 supermarkets and other retail formats, including 94 stores operated by Wakefern. The Company’s stores include the Village Food Garden concept, featuring a restaurant style kitchen and several kiosks offering a variety of store prepared specialty foods for both take-home and in-store dining. The Company offers a range of products, including groceries, dairy and frozen, produce, meats, non-foods, deli and prepared food, pharmacy, seafood, bakery and liquor.

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