Highest-materiality recent filing
US Foods terminates combination talks with Performance Food Group; announces $1B buyback
US Foods and Performance Food Group end information sharing process by mutual agreement; no combination pursued.
US Foods CEO says company approached PFG for a combination; PFG declined to engage
CEO Dave Flitman addressed speculation on Q2 2025 earnings call.
US Foods completes $1.335B debt refinancing and $500M note issuance
New $610M term loan (maturing Nov 2028) and $725M term loan (maturing Oct 2031) issued.
US Foods reprices $721.5M term loan, cuts rate margins; ends Sachem Head pact
Twelfth Amendment lowers Term SOFR margin to 2.00% (no credit spread) and ABR margin to 1.00% on $721.5M term loans maturing Nov 2028.
US Foods closes $1B notes offering to refinance 2025 secured notes
$500M 6.875% Senior Notes due 2028 and $500M 7.250% Senior Notes due 2032 issued.
US Foods announces $1.0B senior unsecured notes offering; proceeds to redeem 6.25% notes due 2025
Offering of $1.0B aggregate principal amount of senior unsecured notes due 2028 and 2032.
US Foods lowers margin on $721.5M term loans to SOFR+2.50%, ABR+1.50%
Amended term loan agreement reduces interest rate spreads to 2.50% over Term SOFR and 1.50% over ABR for $721.5M.
KKR Fresh Holdings converted 371,044 Series A Preferred shares into 17,443,727 common shares at $21.50 conversion price.
US Foods announces secondary offering by KKR and $150M share repurchase at $39.90/share
KKR Fresh Holdings selling 17,425,053 shares in secondary offering at $39.90 per share; US Foods receives no proceeds.
US Foods announces departure of Andrew Iacobucci; appoints Sturgell and Taylor
Andrew Iacobucci, Senior EVP Field Operations and CCO, leaves US Foods to become CEO at another company.
US Foods appoints Dave Flitman as CEO effective Jan 5, 2023
Flitman, former CEO of Builders FirstSource, succeeds Andrew Iacobucci as permanent CEO.
On May 7, 2025, Board of Directors (the “Board”) of US Foods Holding Corp. (the “Company”) elected AnnMarie Lobred, Senior Vice President and Chief Accounting Officer of the Company, as the Company’s Principal Accounting Officer, effective May 7, 2025.
In connection with such election, Dirk Locascio will cease serving as the Company’s interim Principal Accounting Officer and will continue to serve as Executive Vice President and Chief Financial Officer for the Company.
On January 7, 2025, the Board of Directors (the “ Board ”) of US Foods Holding Corp. (the “ Company ”) increased the size of the Board to nine directors and appointed David W. Bullock to the Board and the Nominating and Corporate Governance Committee.
On February 28, 2024, Scott D. Ferguson resigned from the Board in accordance with the terms of the Termination Agreement.
On May 26, 2023, prior to the consummation of the Offering described below, Nathaniel H. Taylor resigned from the Board of Directors of the Company
On May 18, 2023, Andrew E. Iacobucci notified the Company of his resignation as the Company’s Senior Executive Vice President, Field Operations and Chief Commercial Officer to pursue other business opportunities.
Court D. Carruthers did not stand for re-election to the Board of Directors of the Company at the Annual Meeting.
In connection with this change, Jay Kvasnicka, the current Executive Vice President, Field Operations, will depart the Company, effective March 31, 2023.
Andrew E. Iacobucci, who has been appointed to the new position of Senior Executive Vice President, Field Operations and Chief Commercial Officer, effective March 24, 2023.
Mr. Iacobucci’s duties related to the on-boarding of the Company’s new Chief Executive Officer, David E. Flitman, will soon conclude and he will transition to a permanent role as part of Mr. Flitman’s leadership team, but his new title has not yet been determined.
the Company increased the size of the Board to 14 directors and appointed Mr. Flitman to the Board, effective on the Commencement Date.
appointed David Flitman to succeed Andrew Iacobucci as Chief Executive Officer of the Company
Max materiality 0.75 · Median 0.47 · Most common event earnings