secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL GARDEN & PET CO (CENT)
CIK:        0000887733
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001193125-23-032428
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Central Garden & Pet sets FY2022 bonuses, raises salaries; shareholders back triennial say-on-pay
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- Compensation committee approved cash bonuses: CEO Cofer $581,175, CFO Lahanas $125,400, President Hanson $135,300, President Walker $127,100, Chairman Brown $81,000.
- Base salary increases effective Jan 1, 2023: Cofer to $1,047,550, Lahanas to $493,000, Hanson to $529,000, Walker to $542,000.
- Board granted 2,940 restricted stock shares to each nonemployee director, vesting in six months, under 2003 equity plan.
- Shareholders elected all 11 director nominees and approved executive compensation on advisory basis with 96.7% support.
- Advisory vote on say-on-pay frequency favored every three years (11.9M votes); company will maintain triennial cycle.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887733/000119312523032428/0001193125-23-032428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887733/000119312523032428/d426331d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-032428

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