Sysco EVP & CCO Judith Sansone to stay part-time after retirement; gets $141K salary, equity vesting

SYSCO CORP

Retired as EVP/CCO effective Oct 2, 2023; will remain as non-executive advisor per Oct 5 letter agreement.
Part-time role pays annual base salary of $141,400; eligible for continued vesting of equity awards.
If terminated before Oct 1, 2024 without cause, cash payment for unvested RSUs' FMV plus unvested PSUs from FY2022.
Continued company-subsidized healthcare coverage and 401(k) participation as part of advisory role.

item 5.02

Executive movements

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Appointed

Judith S. Sansone

non-executive employee in an advisory capacity

SYY · SYSCO CORP

Effective: 2023-10-05
Filed: October 10, 2023, 7:59 PM ET

On October 5, 2023, the Company entered into a letter agreement with Ms. Sansone (the “Letter Agreement”), pursuant to which Ms. Sansone will remain employed on a part time basis as a non-executive employee of the Company in an advisory capacity.

Departed

Judith S. Sansone

Executive Vice President and Chief Commercial Officer

SYY · SYSCO CORP

Effective: 2023-10-02
Filed: October 10, 2023, 7:59 PM ET

Ms. Judith S. Sansone, Sysco’s Executive Vice President and Chief Commercial Officer, intended to retire from Sysco, effective October 2, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Judith S. Sansone was appointed as non-executive employee in an advisory capacity at SYSCO CORP.

Action: appointed
Role: non-executive employee in an advisory capacity

Exact text from the filing

On October 5, 2023, the Company entered into a letter agreement with Ms. Sansone (the “Letter Agreement”), pursuant to which Ms. Sansone will remain employed on a part time basis as a non-executive employee of the Company in an advisory capacity.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Judith S. Sansone retired as Executive Vice President and Chief Commercial Officer at SYSCO CORP.

Action: retired
Role: Executive Vice President and Chief Commercial Officer

Exact text from the filing

Ms. Judith S. Sansone, Sysco’s Executive Vice President and Chief Commercial Officer, intended to retire from Sysco, effective October 2, 2023.

View on SEC.gov

SYSCO CORP filing history →

Source: SEC EDGAR

accession 0000096021-23-000186

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