secwatch.observer — SEC 8-K summary
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Issuer:     Sweetgreen, Inc. (SG)
CIK:        0001477815
Form:       8-K
Filed at:   2026-08-28T21:40:37+00:00
Accession:  0001628280-26-059445
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sweetgreen adopts severance plan; CEO/CFO get enhanced change-in-control benefits
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- Effective Aug 27, 2026, Sweetgreen adopted a Severance Plan for designated executives.
- CEO Jonathan Neman and Chief Concept Officer Nicolas Jammet designated Tier I; CFO Jamie McConnell and COO Jason Cochran Tier II.
- On change-in-control termination, Tier I gets 1.5x salary, Tier II 1x; plus pro-rata bonus, COBRA up to 18/12 months, full vesting of time/performance-satisfied equity.
- Non-CIC termination: Tier I 1x, Tier II 0.5x salary, pro-rata bonus, COBRA 12/6 months.
- Plan supersedes prior severance provisions in employment agreements unless participation agreement says otherwise.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477815/000162828026059445/0001628280-26-059445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477815/000162828026059445/sg-20260827.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-059445

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