SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 December 1, 2020, the Board of Directors (the “Board”) of Performance Food Group Company (the “Company”) appointed Warren M. Thompson to the Board, effective immediately, to serve until the Company’s 2021 annual meeting of stockholders and until the election and qualification of his successor or until his earlier resignation or removal. The Board has determined that Mr. Thompson qualifies as an independent director under the corporate governance standards of the New York Stock Exchange, the Company’s Corporate Governance Guidelines and the applicable rules of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Board also appointed Mr. Thompson to serve as a member of the Company’s Audit Committee and as a member of the Technology Committee, effective December 1, 2020.
Mr. Thompson (61) is Chairman of the Board and President of Thompson Hospitality, a private retail food and facilities management firm. Mr. Thompson founded Thompson Hospitality in 1992. Mr. Thompson began his career with the Marriott Corporation in 1983, where he started with the Restaurant Fast Track Management Development Program and served in 15 positions in nine years, ending as Vice President Operations for the Host Division. Mr. Thompson currently serves on the Board of Directors of Duke Realty Corp. Mr. Thompson received his Bachelor of Arts degree in Managerial Economics from Hampden-Sydney College and holds an MBA from the University of Virginia’s Darden Graduate School of Business Administration.
The compensation of Mr. Thompson for his service as a non-employee director will be consistent with that of the Company’s other non-employee directors. The cash portion of his compensation will be prorated from the date of his appointment.
Other than the standard compensation arrangement described above, there is no arrangement or understanding between Mr. Thompson and any other person pursuant to which he was selected as a director. Mr. Thompson does not have any direct or indirect material interest in any transaction in which the Company is a participant that is required to be disclosed pursuant to Item 404(a) of Regulation S-K.
|Item 7.01.|| |
Regulation FD Disclosure.
On December 1, 2020, the Company issued a press release announcing the appointment of Mr. Thompson to the Board. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
The information in this Exhibit 99.1 is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
|Item 9.01.|| |
Financial Statements and Exhibits.
|99.1||Press Release of Performance Food Group Company|
|104||Cover page Interactive Data File (embedded within Inline XBRL Document)|
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.
|PERFORMANCE FOOD GROUP COMPANY|
|Date: December 1, 2020||By:|
|Name:||A. Brent King|
|Title:||Senior Vice President, General Counsel and Secretary|