secwatch.observer — SEC 8-K summary
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Issuer:     Kraft Heinz Co (KHC)
CIK:        0001637459
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001193125-23-211537
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kraft Heinz appoints Carlos Abrams-Rivera as CEO effective Jan 1, 2024; Patricio becomes Non-Executive Chair
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- Carlos Abrams-Rivera appointed President effective Aug 8, 2023, and CEO and Board member effective Jan 1, 2024.
- Current CEO Miguel Patricio will transition to Non-Executive Chair of the Board on Jan 1, 2024.
- Abrams-Rivera has served as EVP and President, North America Zone since Dec 2021, overseeing U.S. and Canada operations.
- CEO compensation: $1,100,000 base salary, 300% bonus target, $5,000,000 annual equity target (30% RSUs, 70% PSUs).
- Abrams-Rivera also receives a special bonus in March 2024 equal to 20% of his 2023 actual bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637459/000119312523211537/0001193125-23-211537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637459/000119312523211537/d387127d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-211537

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer