VILLAGE SUPER MARKET INC entered into Loan Agreement with NJCC CDE 49 LLC (effective 2025-12-19).
“On December 19, 2025, Village Super Market, Inc. (the “Company”) entered into a financing transaction with Valley National Bank Community Investment Fund, LLC (“Valley Bank”) under a qualified New Markets Tax Credit (“NMTC”) program related to the construction of a replacement store in East Orange, New Jersey.”
Debt Financings
VILLAGE SUPER MARKET INC incurred loan of $5.6 million with NJCC CDE 49 LLC at approximately 1.24% maturing December 19, 2055.
“Investment Fund is a wholly owned subsidiary of Valley Bank. The Investment Fund then contributed $6.0 million of the proceeds to a CDE, which, in turn, loaned combined funds of $5.6 million, net of debt issuance costs, to Village Super Market of Brick Church LLC, a wholly-owned subsidiary of the Company, pursuant to a loan agreement with NJCC CDE 49 LLC (the “Loan”
Nicholas Sumas was appointed as President and Chairman at VILLAGE SUPER MARKET INC.
“and Nicholas Sumas as President and Chairman of the Board of Directors effective December 13, 2024.”
John J. Sumas was appointed as Chief Executive Officer at VILLAGE SUPER MARKET INC.
“The Company also announced that the Board plans to appoint John J. Sumas as the new Chief Executive Officer”
Robert Sumas changed role as Chief Executive Officer and interim Chairman at VILLAGE SUPER MARKET INC.
“On September 19, 2024 announced that Robert Sumas has notified the Board of Directors of his decision to step down as Chief Executive Officer and interim Chairman of the Board of Directors effective December 13, 2024.”
Shareholder Votes
VILLAGE SUPER MARKET INC shareholders approved To recommend, by non binding vote, the frequency of executive compensation votes at the 2023-12-15 meeting.
“To recommend, by non binding vote, the frequency of executive compensation votes 9,135,601 15,144 36,681,419 24,824 1,200,276”
Shareholder Votes
VILLAGE SUPER MARKET INC shareholders approved Advisory vote on executive compensation at the 2023-12-15 meeting.
“Advisory vote on executive compensation 44,293,844 1,522,280 40,864 1,200,276”
Shareholder Votes
VILLAGE SUPER MARKET INC shareholders approved Ratification of KPMG LLP as the independent registered public accounting firm for fiscal 2024 at the 2023-12-15 meeting.
“Ratification of KPMG LLP as the independent registered public accounting firm for fiscal 2024 46,818,477 215,329 23,458 —”
Shareholder Votes
VILLAGE SUPER MARKET INC shareholders approved Election of Directors at the 2023-12-15 meeting.
“Robert Sumas 41,639,409 4,217,579 1,200,276”
Earnings Releases
VILLAGE SUPER MARKET INC reported fiscal 2023 results: revenue $2.17 billion, net income $49.7 million.
“Sales were $2.17 billion in fiscal 2023 compared to $2.06 billion in fiscal 2022.”
Earnings Releases
VILLAGE SUPER MARKET INC reported the fourth quarter ended July 29, 2023 results: revenue $553.8 million, net income $15.3 million.
“of 40% compared to $35.0 million in fiscal 2022 • Same store sales increased 3.5% • Same store digital sales increased 5% Fourth Quarter of Fiscal 2023 Results Sales were $553.8 million in the 13 weeks ended July 29, 2023 compared to $527.5 million in the 13 weeks ended July 30, 2022. Sales increased due to an increase in same store sales of 3.2% and increased”
Shareholder Votes
VILLAGE SUPER MARKET INC shareholders approved Ratify appointment of KPMG LLP as independent registered public accounting firm for 2023 at the 2022-12-16 meeting.
“The shareholders approved a proposal to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the 2023 fiscal year. The vote totals were as follows: For – 44,400,418; Against – 240,789; Abstain – 15,648.”
Shareholder Votes
VILLAGE SUPER MARKET INC shareholders approved Election of Directors at the 2022-12-16 meeting.
“The following persons were elected as directors pursuant to the following votes: Directors For Withheld Robert Sumas 40,938,830 3,718,025 William Sumas 41,713,005 2,943,850 John P. Sumas 40,908,929 3,747,926 Kevin Begley 42,168,846 2,488,009 Nicholas Sumas 41,778,655 2,878,200 John J. Sumas 40,909,409 3,747,446 Steven Crystal 41,691,316 2,965,539 Stephen Rooney 42,146,154 2,510,701 Prasad Pola 42,256,970 203,948 Perry J. Blatt 44,452,907 2,399,885”
Peter Lavoy departed as Director at VILLAGE SUPER MARKET INC.
“Peter Lavoy, who did not stand for reelection at the 2021 Annual Meeting.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.