Aramark Vice Chairman Paul C. Hilal resigns from Board; secondary offering of 21.3M shares completed

Aramark

Vice Chairman Paul C. Hilal resigned from Aramark's board on August 9, 2023, immediately prior to underwriting agreement execution.
Hilal's resignation was not due to any disagreement; Mantle Ridge waived right to appoint a successor director.
On August 11, 2023, Nomura Global Financial Products sold 21,262,245 shares of Aramark common stock at $39.75 per share in a secondary offering.
Aramark received no proceeds from the offering; underwriters were J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC.
The offering was completed under an underwriting agreement dated August 9, 2023, among Aramark, Nomura, and the underwriters.

item 5.02 item 8.01 item 9.01

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Departed

Paul C. Hilal

Vice Chairman

ARMK · Aramark

Effective: 2023-08-09
Filed: August 11, 2023, 7:59 PM ET

On August 9, 2023, Paul C. Hilal, the Vice Chairman of the board of directors (the “ Board ”) of Aramark (the “ Company ”) and the Chief Executive Officer of Mantle Ridge LP, resigned from the Board immediately prior to the execution of the underwriting agreement in connection with the Offering described below.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Paul C. Hilal resigned as Vice Chairman at Aramark.

Action: resigned
Role: Vice Chairman

Exact text from the filing

On August 9, 2023, Paul C. Hilal, the Vice Chairman of the board of directors (the “ Board ”) of Aramark (the “ Company ”) and the Chief Executive Officer of Mantle Ridge LP, resigned from the Board immediately prior to the execution of the underwriting agreement in connection with the Offering described below.

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Aramark filing history →

Source: SEC EDGAR

accession 0001193125-23-210865

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