secwatch.observer — SEC 8-K summary
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Issuer:     Chefs' Warehouse, Inc. (CHEF)
CIK:        0001517175
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0000947871-21-000873
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chefs' Warehouse amends bylaws to remove director term limit, restricts cash buyout of underwater options
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- Board removed 10-year director term limit from Bylaws, effective August 3, 2021.
- Amendment prohibits cash payment for cancellation of underwater options/stock appreciation rights without stockholder approval.
- Changes apply under the 2019 Omnibus Equity Incentive Plan.
- Board cites desire to retain experienced directors while pursuing orderly succession.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517175/000094787121000873/0000947871-21-000873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517175/000094787121000873/ss412173_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-21-000873

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