secwatch.observer — SEC 8-K summary
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Issuer:     Performance Food Group Co (PFGC)
CIK:        0001618673
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0000950170-24-085046
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Performance Food Group EVP & CCO Patrick Hagerty to retire Jan 4, 2025; consulting role through June 2025
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- Patrick Hagerty, EVP & Chief Commercial Officer, will retire on Jan 4, 2025; transitions to consultant through June 30, 2025.
- Consulting fee of $260,416.67 paid monthly; plus $52,083.33 lump sum upon signing release.
- Receives $750,000 restricted stock grant with 12-month vesting; eligible for 50% of FY2025 annual bonus.
- Non-compete and non-solicitation restrictions apply for 18 months after consulting period.
- Company and Hagerty entered letter agreement on July 19, 2024; no successor named yet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618673/000095017024085046/0000950170-24-085046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618673/000095017024085046/pfgc-20240718.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-085046

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