US Foods appoints Dave Flitman as CEO effective Jan 5, 2023

US Foods Holding Corp.

Flitman, former CEO of Builders FirstSource, succeeds Andrew Iacobucci as permanent CEO.
Compensation includes $1.3M base salary, 150% target bonus, and long-term incentive at 555% of base.
One-time sign-on grants: $10M in RSUs (3-year vest), $6M in PSUs (stock price goals), $3M cash award.
Bob Dutkowsky to become non-executive Chairman effective Jan 5, 2023.
Board expanded to 14 directors; Flitman appointed to the Board.

item 5.02 item 7.01 item 9.01

Executive movements

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

Appointed

David Flitman

Director

USFD · US Foods Holding Corp.

Effective: 2023-01-05
Filed: November 28, 2022, 6:59 PM ET

the Company increased the size of the Board to 14 directors and appointed Mr. Flitman to the Board, effective on the Commencement Date.

Departed

Andrew Iacobucci

Chief Executive Officer

USFD · US Foods Holding Corp.

Effective: 2023-01-05
Successor: David Flitman
Filed: November 28, 2022, 6:59 PM ET

appointed David Flitman to succeed Andrew Iacobucci as Chief Executive Officer of the Company

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Flitman was appointed as Director at US Foods Holding Corp..

Action: appointed
Role: Director

Exact text from the filing

the Company increased the size of the Board to 14 directors and appointed Mr. Flitman to the Board, effective on the Commencement Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Iacobucci departed as Chief Executive Officer at US Foods Holding Corp..

Action: succeeded
Role: Chief Executive Officer

Exact text from the filing

appointed David Flitman to succeed Andrew Iacobucci as Chief Executive Officer of the Company

View on SEC.gov

US Foods Holding Corp. filing history →

Source: SEC EDGAR

accession 0001387131-22-011772

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