Sprouts CMO Gil Phipps departs; severance of $375K; 6.6M share equity plan approved

Sprouts Farmers Market, Inc.

Gil Phipps terminated as CMO effective May 31, 2022; receives $375K severance over 9 months plus COBRA.
Shareholders approved 2022 Omnibus Incentive Plan authorizing 6.6M shares for equity awards.
Outstanding 2013 Plan awards amended to fully vest upon death or disability.
Class III directors Blum and Sinclair re-elected; say-on-pay and PwC ratification passed.

item 5.02 item 5.07 item 9.01

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Departed

Gil Phipps

Senior Vice President, Chief Marketing Officer

SFM · Sprouts Farmers Market, Inc.

Effective: 2022-05-31
Filed: May 27, 2022, 7:59 PM ET

On May 25, 2022, the Company entered into a letter agreement with Mr. Phipps providing for the termination of his employment with the Company effective May 31, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Gil Phipps was terminated as Senior Vice President, Chief Marketing Officer at Sprouts Farmers Market, Inc..

Action: terminated
Role: Senior Vice President, Chief Marketing Officer

Exact text from the filing

On May 25, 2022, the Company entered into a letter agreement with Mr. Phipps providing for the termination of his employment with the Company effective May 31, 2022.

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Sprouts Farmers Market, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-010813

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