Sysco board members Nelson Peltz and Josh Frank resign; Trian expresses confidence in leadership

SYSCO CORP

Nelson Peltz (CEO of Trian) and Joshua Frank (partner) stepped down from Sysco's board as of August 20, 2021.
Trian stated confidence in Sysco's CEO Kevin Hourican, business transformation, and operating momentum.
Peltz and Frank had served on the board since August 2015.
Trian remains a large shareholder and will continue engagement with management.
Resignation based on confidence in five strategic pillars and $750M cost reduction plan.

item 5.02 item 9.01

Executive movements

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Departed

Joshua D. Frank

Member of the Board of Directors

SYY · SYSCO CORP

Effective: 2021-08-20
Filed: August 20, 2021, 7:59 PM ET

On August 20, 2021, each of Mr. Nelson Peltz and Mr. Joshua D. Frank resigned as members of the Board of Directors of Sysco Corporation

Departed

Nelson Peltz

Member of the Board of Directors

SYY · SYSCO CORP

Effective: 2021-08-20
Filed: August 20, 2021, 7:59 PM ET

On August 20, 2021, each of Mr. Nelson Peltz and Mr. Joshua D. Frank resigned as members of the Board of Directors of Sysco Corporation

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Joshua D. Frank resigned as Member of the Board of Directors at SYSCO CORP.

Action: resigned
Role: Member of the Board of Directors

Exact text from the filing

On August 20, 2021, each of Mr. Nelson Peltz and Mr. Joshua D. Frank resigned as members of the Board of Directors of Sysco Corporation

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Nelson Peltz resigned as Member of the Board of Directors at SYSCO CORP.

Action: resigned
Role: Member of the Board of Directors

Exact text from the filing

On August 20, 2021, each of Mr. Nelson Peltz and Mr. Joshua D. Frank resigned as members of the Board of Directors of Sysco Corporation

View on SEC.gov

SYSCO CORP filing history →

Source: SEC EDGAR

accession 0001193125-21-252868

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