8-K filed September 26, 2023, 7:59 PM ET ticker UNFI CIK 0001020859

other material confidence high sentiment neutral materiality 0.70

UNFI adds three directors, enters cooperation with JCP; Board to lead financial review

UNITED NATURAL FOODS INC

Board expands to 14 by adding Lynn Blake, James Loree, and James C. Pappas (JCP founder) effective Sept 28, 2023.
Cooperation agreement with JCP includes standstill, voting commitments, and director replacement rights; standstill until before 2025 annual meeting.
Board to oversee financial review aiming to optimize capital structure and enhance shareholder value creation.
After 2024 annual meeting, board to reduce to 11; three new directors will be nominated for election.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

James C. Pappas

Director

UNFI · UNITED NATURAL FOODS INC

Effective: 2023-09-28
Filed: September 26, 2023, 7:59 PM ET

The New Directors were appointed to the Board, effective September 28, 2023.

Appointed

James Loree

Director

UNFI · UNITED NATURAL FOODS INC

Effective: 2023-09-28
Filed: September 26, 2023, 7:59 PM ET

The New Directors were appointed to the Board, effective September 28, 2023.

Appointed

Lynn Blake

Director

UNFI · UNITED NATURAL FOODS INC

Effective: 2023-09-28
Filed: September 26, 2023, 7:59 PM ET

The New Directors were appointed to the Board, effective September 28, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.7

James C. Pappas was appointed as Director at UNITED NATURAL FOODS INC.

Action: appointed
Role: Director

Exact text from the filing

The New Directors were appointed to the Board, effective September 28, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.7

James Loree was appointed as Director at UNITED NATURAL FOODS INC.

Action: appointed
Role: Director

Exact text from the filing

The New Directors were appointed to the Board, effective September 28, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.7

Lynn Blake was appointed as Director at UNITED NATURAL FOODS INC.

Action: appointed
Role: Director

Exact text from the filing

The New Directors were appointed to the Board, effective September 28, 2023.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UNITED NATURAL FOODS INC entered into Cooperation Agreement with JCP Investment Partnership, LP, JCP Investment Partners, LP, JCP Investment Holdings, LLC, JCP Investment Management, LLC, and James C. Pappas (effective 2023-09-25).

Action: entry
Counterparty: JCP Investment Partnership, LP, JCP Investment Partners, LP, JCP Investment Holdings, LLC, JCP Investment Management, LLC, and James C. Pappas
Effective: 2023-09-25

Exact text from the filing

On September 25, 2023, United Natural Foods, Inc., a Delaware corporation (the “ Company ”), entered into a cooperation agreement (the “ Cooperation Agreement ”) with JCP Investment Partnership, LP, a Texas limited partnership, JCP Investment Partners, LP, a Texas limited partnership, JCP Investment Holdings, LLC, a Texas limited liability company, JCP Investment Management, LLC, a Texas limited liability company, and James C. Pappas (collectively, “ JCP ”).

View on SEC.gov

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UNITED NATURAL FOODS INC filing history →

Source: SEC EDGAR

accession 0001020859-23-000037

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