secwatch.observer — SEC 8-K summary
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Issuer:     US Foods Holding Corp. (USFD)
CIK:        0001665918
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0000950157-23-000587
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KKR converts US Foods preferred, sells 17.4M common shares in secondary; company repurchases 3.8M shares
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- KKR Fresh Holdings converted 371,044 Series A Preferred shares into 17,443,727 common shares at $21.50 conversion price.
- KKR sold 17,425,053 common shares in secondary offering at $39.90; company repurchased 3,797,468 shares at $39.50.
- Director Nathaniel Taylor (KKR designee) resigned effective May 26, 2023, with no disagreement.
- No Series A Preferred shares remain outstanding; KKR no longer holds any common shares after the offering.
- Company did not receive any proceeds from the secondary offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665918/000095015723000587/0000950157-23-000587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665918/000095015723000587/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-23-000587

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