secwatch.observer — SEC 8-K summary
======================================

Issuer:     Chefs' Warehouse, Inc. (CHEF)
CIK:        0001517175
Form:       8-K
Filed at:   2024-05-31T23:59:59+00:00
Accession:  0001104659-24-067304
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chefs' Warehouse amends cooperation pact to allow fiduciary-duty override on board nominations
--------------------------------------------------------------------------------

- Amendment to March 1, 2024 cooperation agreement with Legion Partners clarifies board's nomination obligation is subject to fiduciary duties.
- If board declines to nominate Richard N. Peretz or Wendy M. Weinstein due to fiduciary duties, investor group may solicit proxies for them.
- Standstill, voting, and non-disparagement restrictions on investor group lapse if board exercises fiduciary duty override.
- Board size reduction timetable (max 11 directors by 2024 annual meeting, max 9 by 2025) also subject to fiduciary duties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517175/000110465924067304/0001104659-24-067304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517175/000110465924067304/tm2416170d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-067304

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer