secwatch.observer — SEC 8-K summary
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Issuer:     CONAGRA BRANDS INC. (CAG)
CIK:        0000023217
Form:       8-K
Filed at:   2026-04-13T23:59:59+00:00
Accession:  0000023217-26-000013
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conagra appoints John Brase as President and CEO, succeeding Sean Connolly effective June 1, 2026
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- John Brase, former Smucker COO, named CEO and Board member; effective June 1, 2026.
- Sean Connolly departs as CEO and director on May 31, 2026, after 11 years.
- Brase receives $1.15M base salary, 150% target bonus, $7.3M annual LTI grant target.
- Sign-on package: $200k cash bonus, $4M PBRSUs (cliff vest 3 yr), $2M RSUs (ratable 3 yr).
- Relocation benefits up to $500k; double-trigger change-in-control agreement included.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23217/000002321726000013/0000023217-26-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23217/000002321726000013/tmb-20260408x8k.htm
  HTML page:      https://secwatch.observer/filing/0000023217-26-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer