secwatch.observer — SEC 8-K summary
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Issuer:     Grocery Outlet Holding Corp. (GO)
CIK:        0001771515
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001771515-22-000149
Event type: leadership
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grocery Outlet CEO Lindberg to retire; Sheedy appointed; Q3 net sales +19.4% to $918M
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- CEO Eric Lindberg retires Dec 31, 2022; becomes Chairman; President RJ Sheedy named CEO effective Jan 1, 2023.
- Sheedy employment: base salary $925k, annual bonus target 125% of base, equity target 432% of base for 2023.
- Q3 net sales $918.2M (+19.4% YoY); comp store sales +15.4%; net income $17.5M ($0.17 diluted EPS).
- Adjusted net income $26.8M ($0.27 adjusted diluted EPS); adjusted EBITDA $59.1M (+15% YoY).
- Company raises fiscal 2022 net sales and earnings guidance (specific figures not provided in excerpt).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771515/000177151522000149/0001771515-22-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771515/000177151522000149/go-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001771515-22-000149

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