secwatch.observer — SEC 8-K summary
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Issuer:     Chefs' Warehouse, Inc. (CHEF)
CIK:        0001517175
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0000947871-24-000251
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chefs' Warehouse reaches cooperation deal with Legion Partners; adds 3 directors, reduces board by 5
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- Legion Partners beneficially owns ~3.3% of CHEF (1,328,214 shares); board expanded to 14, then reduced to 9 by 2025.
- New independent directors: Richard Peretz, Wendy Weinstein, Lester Owens appointed; Peretz & Weinstein on task force.
- Five incumbent directors (served 5+ years) to step off after 2024 and 2025 annual meetings.
- Operational and Financial Performance Task Force formed to identify margin improvement opportunities.
- Standstill extended if FY2024 adj. EBITDA margin >=5.7% and FY2025 guidance midpoint >=6.2%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517175/000094787124000251/0000947871-24-000251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517175/000094787124000251/ss3089888_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-24-000251

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