Highest-materiality recent filing
Sysco subsidiary files S-4 for merger; shares to be issued to Sysco shareholders
New Slider Holdco filed Form S-4 with SEC for merger under March 30, 2026 Agreement and Plan of Merger.
Sysco targets $250M annual synergies in Restaurant Depot acquisition; pro forma EBITDA +45%
Deal to add ~$16B revenue; pro forma revenue +20%, Adj. EBITDA +45%, FCF +55%.
Sysco Q3 FY2026 sales +4.7%, U.S. local volumes +3.3% YoY; adj EPS down 2.1% to $0.94
Sales +4.7%; U.S. Foodservice volume +2.3%, U.S. local volume +3.3% (highest quarterly rate in over 3 years).
Sysco enters into $3.0B term loan and $3.0B revolver to finance Jetro Restaurant Depot acquisition
$3.0B revolver replaces existing facility; increases to $4.0B after Jetro closing, option to $5.0B.
Sysco EVP, Chief Information and Digital Officer Tom Peck resigns effective April 10, 2026
Tom Peck steps down as EVP, Chief Information and Digital Officer.
Sysco to acquire Jetro Restaurant Depot for $29.1B; enters Cash & Carry channel
$21.6B cash + 91.5M Sysco shares; EV $29.1B, 14.6x Jetro's 2025 operating income.
Sysco to acquire Jetro Restaurant Depot for $21.6B cash and stock; forms new HoldCo
Total consideration: $21.6B cash (subject to adjustments) plus 91.5M shares of HoldCo common stock.
Kenny Cheung resigns as EVP and CFO effective April 17, 2026, to accept a role at a Fortune 10 company.
Sysco issues $1.25B in senior notes: $600M 4.400% due 2031, $650M 4.950% due 2036
Sysco issued $600M 4.400% senior notes due July 25, 2031 and $650M 4.950% senior notes due March 25, 2036.
Sysco prices $1.25B senior notes in two tranches due 2031 and 2036
Issued $600M 4.400% Senior Notes due 2031 and $650M 4.950% Senior Notes due 2036.
Sysco Q2 adjusted EPS $0.99 (+6.5% YoY); raises FY2026 guidance to high end of $4.50-$4.60
Sales +3.0%; U.S. Foodservice volume +0.8%, local case volumes +1.2% (positive inflection).
Sysco COO Greg Bertrand to become senior advisor on Jan 1, 2026; will retire after 9 months
Greg D. Bertrand, EVP and Global COO, transitions to non-executive senior advisor on Jan 1, 2026, for at least 9 months, then retires.
Sysco annual meeting elects all 11 directors, rejects chair/CEO split proposal
All 11 director nominees re-elected; Kevin Hourican received 91.86% support, lowest among directors.
Sysco Q1 FY2026 adj. EPS $1.15 (+5.5% YoY); reiterates FY26 guidance
Sales +3.2% to $3.9B; U.S. Foodservice volume +0.1%; gross profit +3.9% to $3.9B.
Sysco enters new $3.0B senior revolving credit facility due 2030, replacing prior facility
New $3.0B credit agreement dated Sep 5, 2025, with Bank of America as administrative agent; maturity Sep 5, 2030; option to increase to $4.0B.
Sysco Q4 adjusted EPS +6.5% to $1.48; sales +2.8%; guides FY26 adj. EPS $4.50-4.60
Q4 sales up 2.8% YoY; U.S. Foodservice volume down 0.3%; gross profit +3.9% to $4.0B.
Sysco amends credit agreement to add new subsidiary borrower
On June 4, 2025, Sysco entered Amendment No. 2 to its Credit Agreement, joining Sysco Global Holdings B.V. as a Subsidiary Borrower.
Sysco Q3 EPS falls 3.5% to $0.82; adjusted EPS $0.96 flat; FY25 guidance cut
Sales +1.1% to $3.6B; U.S. Foodservice volume -2.0%; gross profit -0.8%.
Sysco awards EVP Thomas Peck $1.5M in PSUs tied to technology transformation project
One-time PSU award valued at $1.5M for EVP and CIO Thomas R. Peck, Jr.
Sysco issues $1.25B in senior notes; 5.100% due 2030 and 5.400% due 2035
$700M 5.100% notes due Sept 23, 2030; $550M 5.400% notes due March 23, 2035.
Sysco prices $1.25B senior notes: 5.100% due 2030, 5.400% due 2035
Issued $700M of 5.100% Senior Notes due 2030 and $550M of 5.400% Senior Notes due 2035.
Sysco Q2 FY25 EPS $0.82 flat YoY; adjusted EPS up 4.5% to $0.93; upsizes buyback to $1.25B
Sales +4.5% YoY; gross profit $3.7B (+3.9%); operating income $712M (+1.7%); adjusted operating income $783M (+5.1%).
Each director received >91% of votes cast; Alison Kenney Paul received lowest at 91.93%.
Sysco Q1 FY2025 sales up 4.4% to $20.5B; adjusted EPS $1.09 (+1.9%)
Gross profit $3.8B (+2.9%); operating income $808M (+0.5%); adjusted operating income $873M (+2.2%).
Sysco elects Roberto Marques to board of directors effective Aug 15, 2024
Board expanded from 10 to 11; Marques fills new seat.
Sysco approves fiscal 2025 AIP and LTIP awards for named executive officers
Compensation Committee approved AIP targets for fiscal 2025 for NEOs including CEO Kevin P. Hourican and CFO Kenny K. Cheung.
Sysco Q4 FY2024 adjusted EPS +3.7% to $1.39; sales +4.2%; guides FY2025 4%-6% sales growth
Q4 sales $3.8B (+4.2%); US Foodservice volume +3.5%; local case volume +0.7%
Sysco CEO Kevin Hourican appointed Chair of the Board; Ed Shirley resigns for health reasons
Edward Shirley resigned as Board Chair effective April 30, 2024 due to personal health reasons; continues as director? Actually resigned from Board entirely.
Sysco Q3 FY2024: Adj EPS $0.96 (+6.7%); raises cost-out target to $120M
Sales +2.7%; U.S. Foodservice volume +2.9%; local volumes +0.4%.
Sysco Q2 FY2024: Adjusted EPS $0.89 (+11.3%), sales up 3.7%, raises buyback to $1.25B
Sales +3.7%; U.S. Foodservice volume +3.4%; local volumes +2.9%.
Sysco shareholders re-elect all directors, approve say-on-pay, reject gestation crate proposal
All 11 director nominees re-elected with votes ranging from 91.54% to 99.27%.
Sysco issues $1.0B in senior notes (5.750% 2029 / 6.000% 2034); net proceeds $987.5M
Issued $500M 5.750% Senior Notes due 2029 and $500M 6.000% Senior Notes due 2034.
Sysco issues $1B in senior notes: $500M at 5.75% due 2029, $500M at 6.00% due 2034
Sysco issued $500M of 5.750% Senior Notes due 2029 and $500M of 6.000% Senior Notes due 2034.
Sysco Q1 adjusted EPS $1.07 (+10.3%), sales +2.6%, reiterates FY24 guidance
Sales up 2.6%; US Foodservice volume +1.6%; gross profit $3.6B (+4.6%).
Sysco hires former FedEx CAO Jennifer L. Johnson as SVP & Chief Accounting Officer
Jennifer L. Johnson named SVP & Chief Accounting Officer of Sysco, effective Oct 23, 2023.
Sysco EVP & CCO Judith Sansone to stay part-time after retirement; gets $141K salary, equity vesting
Retired as EVP/CCO effective Oct 2, 2023; will remain as non-executive advisor per Oct 5 letter agreement.
Sysco board member Dr. Hans-Joachim Koerber to retire at Nov 2023 annual meeting
Dr. Koerber will retire at the 2023 Annual Meeting on November 17, 2023.
Sysco EVP and Chief Commercial Officer Judith Sansone announces retirement effective Oct 2, 2023
Judith S. Sansone, EVP and Chief Commercial Officer, will retire from Sysco effective October 2, 2023.
Sysco appoints Greg D. Bertrand as EVP Global COO, effective Sep 1, 2023
Greg D. Bertrand, previously EVP US Foodservice Operations, becomes EVP Global COO effective Sept 1, 2023.
Sysco approves FY2024 executive cash and equity incentive plans with ESG metrics
AIP cash bonuses weighted 70% on operating income (40%) and sales revenue (30%), 20% on strategic objectives, 4% diverse candidate pools, 6% carbon reduction.
Sysco reports record Q4 sales, operating income, and cash flow; EPS up 45.5%
Sales +4.1% YoY; U.S. Foodservice volume +2.3%; gross profit +7.0% to $3.7B.
Sysco adopts amended and restated bylaws effective June 21, 2023
Amends bylaws to update stockholder meeting adjournment procedures per DGCL amendments.
Sysco Q3: record adjusted operating income $735.5M; EPS $0.84, sales +11.7% YoY
Sales increased 11.7% YoY; gross profit $3.4B (+13.9%); US foodservice volume +6.1%.
Sysco names Kenny Cheung CFO, Neil Russell as CAO effective April 17, 2023
Kenny Cheung appointed EVP & CFO effective April 17, 2023; previously CFO at Hertz Corp.
Sysco Q2: Adjusted EPS up 40% to $0.80; GAAP EPS down due to $315M pension charge
Sales increased 13.9% to $3.3B; U.S. Foodservice volume up 5.2%.
Sysco CFO Aaron Alt to step down Jan 6; Neil Russell appointed interim CFO
Aaron Alt resigns as EVP & CFO effective Jan 6, 2023 to accept another opportunity.
Sysco shareholders pass plastic packaging proposal; say-on-pay gets 64% approval
Stockholders approved proposal on plastic packaging reduction with 92.1% of votes cast.
Sysco Q1 sales +16.2%, US volume +7.3%, adjusted EPS $0.97 vs $0.83
Sales increased 16.2% YoY; U.S. Foodservice volume up 7.3%; gross profit $3.5B (+17.4%).
Sysco enters agreement to transfer $700M in pension obligations to MassMutual
Plan to purchase group annuity contract from MassMutual (AA+/Aa3/A++ rated) for approx. $700M of pension liabilities.
Sysco appoints interim CAO; director Cassaday to retire at Nov. 2022 meeting
Anita Zielinski moves from CAO to SVP, CFO – US Foodservice Operations effective Sept. 26, 2022.
On August 15, 2024, the Board of Directors (the “Board”) of Sysco Corporation (“Sysco” or the “Company”) increased the size of the Board from ten to eleven directors and elected Mr. Roberto Marques to fill the resulting vacancy, effective on August 15, 2024.
The Board appointed Mr. Larry C. Glasscock to serve as Lead Independent Director effective as of April 30, 2024.
On April 26, 2024, Edward D. Shirley provided notice to Sysco Corporation (the “Company”) of his resignation as a member of the Board of Directors (the “Board”) of the Company, including any Board committees, and from his service as the Chair of the Board for personal health reasons, which resignation was effective as of April 30, 2024.
Coinciding with Mr. Shirley’s resignation, effective as of April 30, 2024, the Board appointed Chief Executive Officer Mr. Kevin P. Hourican as Chair of the Board to succeed Mr. Shirley in that role.
On October 12, 2023, the Board of Directors (the “ Board ”) of Sysco Corporation (“ Sysco ” or the “ Company ”) approved the appointment of Ms. Jennifer L. Johnson as Sysco’s Senior Vice President and Chief Accounting Officer, with an expected effective date of October 23, 2023 (the “ Effective Date ”).
On October 5, 2023, the Company entered into a letter agreement with Ms. Sansone (the “Letter Agreement”), pursuant to which Ms. Sansone will remain employed on a part time basis as a non-executive employee of the Company in an advisory capacity.
Ms. Judith S. Sansone, Sysco’s Executive Vice President and Chief Commercial Officer, intended to retire from Sysco, effective October 2, 2023.
On September 22, 2023, the Board announced that Dr. Hans-Joachim Koerber, a member of the Board, will retire from his service as a director at the time of Sysco’s 2023 Annual Meeting of Stockholders, currently scheduled for November 17, 2023.
On September 7, 2023, Ms. Judith S. Sansone, Executive Vice President and Chief Commercial Officer of Sysco Corporation (“ Sysco ” or the “ Company ”), notified the Company of her intention to retire from Sysco, effective October 2, 2023.
appointed Mr. Greg D. Bertrand, currently Sysco’s Executive Vice President, U.S. Foodservice Operations, as the Company’s Executive Vice President, Global Chief Operating Officer, effective September 1, 2023.
The Board also expanded Mr. Thomas R. Peck Jr.’s responsibilities as Executive Vice President, Chief Information Officer and Digital Officer of the Company, effective September 1, 2023.
Mr. Cheung will succeed Mr. Neil A. Russell, who will be transitioning to serve as the Company’s Senior Vice President and Chief Administrative Officer as of the Effective Date.
Max materiality 0.95 · Median 0.60 · Most common event earnings