Grocery Outlet Holding Corp. Form 8-K Summary
Business Context and Reporting Period
Grocery Outlet Holding Corp. filed a Form 8-K regarding matters submitted to stockholders at its 2023 annual meeting held on June 20, 2023. The report was signed and dated June 23, 2023. The company’s common stock trades on Nasdaq under the symbol GO.
Financial Metrics and Capitalization
This filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating and financial metrics.
Material Actions and Results
- All four Class I director nominees were re-elected to serve until the 2026 annual meeting or until their successors are elected and qualified: Kenneth W. Alterman, John E. Bachman, Thomas F. Herman, and Erik D. Ragatz.
- Stockholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 30, 2023.
- Stockholders approved, on a non-binding advisory basis, the compensation of the company’s named executive officers for fiscal 2022.
Voting Results
| Proposal | For | Against | Abstain | Broker non-votes |
|---|---|---|---|---|
| Kenneth W. Alterman | 90,014,935 | 1,658,173 | 99,405 | 2,208,037 |
| John E. Bachman | 90,594,216 | 1,079,136 | 99,161 | 2,208,037 |
| Thomas F. Herman | 83,297,284 | 8,377,220 | 98,009 | 2,208,037 |
| Erik D. Ragatz | 84,399,554 | 7,275,584 | 97,375 | 2,208,037 |
| Auditor ratification | 93,713,960 | 168,337 | 98,253 | Not applicable |
| Executive compensation advisory vote | 79,580,682 | 12,092,594 | 99,237 | 2,208,037 |
Guidance, Outlook, Risks, and Unusual Items
The filing provides no financial guidance, outlook, management commentary, risk disclosures, contingencies, or unusual financial items. The executive compensation vote was advisory and therefore non-binding.
Investor Verification Items
- Verify the four directors’ election terms and the composition of the Class I board seats.
- Confirm Deloitte & Touche LLP’s appointment for the fiscal year ending December 30, 2023.
- Review the company’s proxy statement for additional details on director nominees, executive compensation, and voting standards.
- Note that the filing’s event date is June 20, 2023, while the report was signed on June 23, 2023.