JBSS eliminates EVP Sales & Marketing role; exec Wallace departs with $310K severance

SANFILIPPO JOHN B & SON INC

Position of Executive VP, Sales & Marketing eliminated effective June 29, 2023.
Shayn E. Wallace separated on June 29, 2023; receives $310,000 severance plus 6 months COBRA contributions.
Outstanding RSU awards forfeited and not vested per separation agreement.
Agreement includes 12-month non-compete, non-solicitation of customers/employees, and confidentiality provisions.

item 5.02 item 9.01

Executive movements

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

Departed

Shayn E. Wallace

Executive Vice President, Sales and Marketing

JBSS · SANFILIPPO JOHN B & SON INC

Effective: 2023-06-29
Filed: June 30, 2023, 7:59 PM ET

the Company announced the elimination of the position of Executive Vice President, Sales and Marketing, as of June 29, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Shayn E. Wallace departed as Executive Vice President, Sales and Marketing at SANFILIPPO JOHN B & SON INC.

Action: separated
Role: Executive Vice President, Sales and Marketing

Exact text from the filing

the Company announced the elimination of the position of Executive Vice President, Sales and Marketing, as of June 29, 2023.

View on SEC.gov

SANFILIPPO JOHN B & SON INC filing history →

Source: SEC EDGAR

accession 0001193125-23-179663

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.