secwatch.observer — SEC 8-K summary
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Issuer:     SYSCO CORP (SYY)
CIK:        0000096021
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0000096021-23-000042
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sysco names Kenny Cheung CFO, Neil Russell as CAO effective April 17, 2023
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- Kenny Cheung appointed EVP & CFO effective April 17, 2023; previously CFO at Hertz Corp.
- Neil Russell transitions from interim CFO to newly created Chief Administrative Officer role.
- Cheung receives $765k base salary, $600k sign-on bonus, and FY23 LTI award at 325% of base.
- FY23 LTI award for Cheung: 50% PSUs, 30% stock options, 20% RSUs; Russell gets $500k retention RSU.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96021/000009602123000042/0000096021-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96021/000009602123000042/syy-20230324.htm
  HTML page:      https://secwatch.observer/filing/0000096021-23-000042

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