---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-267647"
form_type: "8-K"
ticker: "SYY"
cik: "0000096021"
company_name: "SYSCO CORP"
filed_at: "2022-10-24T23:59:59+00:00"
generated_at: "2026-06-23T01:49:00.182404+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Sysco enters agreement to transfer $700M in pension obligations to MassMutual

## Summary
- Plan to purchase group annuity contract from MassMutual (AA+/Aa3/A++ rated) for approx. $700M of pension liabilities.
- Transaction covers about 10,000 participants and beneficiaries; benefits unchanged.
- Closing expected on October 25, 2022; insurer assumes payment obligations from Jan 1, 2023.
- Reduces Sysco's pension risk and ongoing administrative burden for transferred participants.

## SEC filing metadata
- accession: 0001193125-22-267647
- form_type: 8-K
- ticker: SYY
- cik: 0000096021
- company_name: SYSCO CORP
- filed_at: 2022-10-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96021/000119312522267647/0001193125-22-267647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96021/000119312522267647/d402366d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-267647
- JSON: https://secwatch.observer/filing/0001193125-22-267647.json
- Plain text: https://secwatch.observer/filing/0001193125-22-267647.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.