secwatch.observer — SEC 8-K summary
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Issuer:     Performance Food Group Co (PFGC)
CIK:        0001618673
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0000950170-22-025536
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PFGC changes segment profit metric to Adjusted EBITDA; updates pro forma for Core-Mark deal
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- Changed measure of segment profit to Adjusted EBITDA; retrospective restatement of FY2022 MD&A and Note 19.
- Pro forma combined net sales for FY2022: $53.98B; net income $92M; diluted EPS $0.54.
- Pro forma adjustments remove Core-Mark's intangible amortization ($197.6M) and add $9.2M amortization of acquired intangibles (9.3-year life).
- Non-recurring acquisition costs of $59.9M and related tax benefit of $15.6M included in pro forma results.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618673/000095017022025536/0000950170-22-025536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618673/000095017022025536/pfgc-20221121.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025536

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