JBSS eliminates VP, General Counsel role; separation agreement with Gina Lakatos valued at $150K plus COBRA

SANFILIPPO JOHN B & SON INC

Position of VP, General Counsel eliminated on August 5; Gina Lakatos separated August 12, 2025.
Separation payment of $150,000 (two equal installments) and 26 weeks of COBRA premium reimbursement.
Unvested RSUs and PSUs forfeited and cancelled; SVA Plan bonus eligibility for FY2025 and FY2026 (pro-rated).
Lakatos bound by 12-month non-solicitation, confidentiality, and non-disparagement covenants from prior agreements.
Agreement includes standard release of claims and reaffirmation of restrictive covenants.

item 5.02item 9.01

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