secwatch.observer — SEC 8-K summary
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Issuer:     Performance Food Group Co (PFGC)
CIK:        0001618673
Form:       8-K
Filed at:   2025-12-18T23:59:59+00:00
Accession:  0001193125-25-323612
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PFG announces CEO succession: Holm to Executive Chair, McPherson named CEO effective Jan 1, 2026
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- George Holm retires as CEO effective Jan 1, 2026, transitions to Executive Chair of the Board.
- Scott McPherson, current President & COO, appointed CEO and elected to the Board effective same date.
- McPherson's new compensation: base salary $1M, cash incentive target 150%, LTI target $6M, plus $1.75M equity grant.
- Holm's salary reduced to $600K for remainder of fiscal 2026; cash incentive target lowered to 100% of base.
- Succession follows multi-year planning; McPherson previously CEO of Core-Mark, joined PFG in 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618673/000119312525323612/0001193125-25-323612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618673/000119312525323612/d26294d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-323612

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