Business Context and Reporting Period
This Form 8-K Current Report was filed by The Chefs' Warehouse, Inc. on February 8, 2019. The report discloses a corporate governance event regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
John A. Couri, a member of the Board of Directors since the Company's 2011 initial public offering, notified the Company of his decision to retire from the Board. He will not stand for re-election at the upcoming 2019 Annual Meeting of Stockholders due to time constraints and a desire to spend time with family. The Company stated that this decision was not the result of any disagreement regarding operations, policies, or practices. The vacant Board seat will not be replaced.
Guidance, Outlook, and Risks
Until the expiration of his term at the Annual Meeting, Mr. Couri will continue to serve as a director, chairperson of the Nominating and Corporate Governance Committee, and member of the Compensation and Human Capital Committee. The filing contains no financial guidance, outlook, or discussion of material risks beyond the standard disclosure of the director's departure.
Key Facts for Investors
- John A. Couri is retiring from the Board of Directors effective at the 2019 Annual Meeting.
- The departure is voluntary and unrelated to any disagreement with the Company.
- The Board seat vacated by Mr. Couri will remain unfilled.
- Mr. Couri retains his committee roles until his term expires.