secwatch.observer — SEC 8-K summary
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Issuer:     Albertsons Companies, Inc. (ACI)
CIK:        0001646972
Form:       8-K
Filed at:   2021-08-11T23:59:59+00:00
Accession:  0001646972-21-000048
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albertsons appoints Sharon McCollam as President and CFO effective Sept 7, 2021
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- Bob Dimond retiring as EVP & CFO after 7 years; stays advisor through Feb 2022.
- McCollam receives $1M base salary, 125% target bonus, $4M annual equity, and $6M sign-on awards.
- McCollam will oversee finance, IT, supply chain, and property development, reporting to CEO Vivek Sankaran.
- Employment agreement: 3-year initial term, severance provisions for cause, death, disability, or non-renewal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1646972/000164697221000048/0001646972-21-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1646972/000164697221000048/aci-20210810.htm
  HTML page:      https://secwatch.observer/filing/0001646972-21-000048

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