---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-001992"
form_type: "8-K"
ticker: "SFM"
cik: "0001575515"
company_name: "Sprouts Farmers Market, Inc."
filed_at: "2022-02-24T23:59:59+00:00"
generated_at: "2026-06-27T04:48:25.406641+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Sprouts appoints Nicholas Konat as President and COO effective March 21, 2022

## Summary
- Konat receives $700k base salary, 100% target bonus, $3M equity grant, $650k sign-on, and up to $150k in relocation.
- Konat previously served as Chief Merchandising Officer at Petco; he will oversee operations, marketing, merchandising, and innovation.
- Gil Phipps transitions from CMO to Senior Marketing Advisor through May 31, 2022, under CEO Jack Sinclair.
- Konat holds an honors degree from St. John's University and has prior roles at Target and Accenture.

## SEC filing metadata
- accession: 0000950170-22-001992
- form_type: 8-K
- ticker: SFM
- cik: 0001575515
- company_name: Sprouts Farmers Market, Inc.
- filed_at: 2022-02-24T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575515/000095017022001992/0000950170-22-001992-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575515/000095017022001992/sfm-20220218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-001992
- JSON: https://secwatch.observer/filing/0000950170-22-001992.json
- Plain text: https://secwatch.observer/filing/0000950170-22-001992.txt

## Key facts
- Executive change
  Nicholas Konat was appointed as President and Chief Operating Officer at Sprouts Farmers Market, Inc..
  - Action: appointed
  - Role: President and Chief Operating Officer
  source text: On February 24, 2022, Sprouts Farmers Market, Inc. (the “Company”) announced the appointment of Nicholas Konat as its President and Chief Operating Officer, effective March 21, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575515/000095017022001992/0000950170-22-001992-index.htm
- Executive change
  Gil Phipps changed role as Senior Marketing Advisor at Sprouts Farmers Market, Inc..
  - Action: transitioned
  - Role: Senior Marketing Advisor
  source text: Mr. Phipps will transition from his role as the Company’s Senior Vice President - Chief Marketing Officer to the role of Senior Marketing Advisor through May 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575515/000095017022001992/0000950170-22-001992-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.