secwatch.observer — SEC 8-K summary
======================================

Issuer:     Grocery Outlet Holding Corp. (GO)
CIK:        0001771515
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001193125-24-246957
Event type: leadership
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grocery Outlet CEO Sheedy steps down; Lindberg returns as interim; Q3 sales +10.4%; FY EBITDA guidance cut
--------------------------------------------------------------------------------

- RJ Sheedy stepped down as President, CEO and director effective Oct 29, 2024.
- Eric Lindberg, Chairman, appointed Interim President and CEO; previously CEO 2006-2022.
- Preliminary Q3 FY2024 net sales ~$1.1B, +10.4% YoY; comp store sales +1.2%.
- Full year adjusted EBITDA guidance reduced to below prior $252M-$260M range; net sales expected to exceed high end of $4.30-$4.35B.
- Board engaged search firm for permanent CEO; Lindberg's compensation includes $79,166.67/month salary, up to $1.1875M bonus, $4.1M RSU.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771515/000119312524246957/0001193125-24-246957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771515/000119312524246957/d905589d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-246957

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