Business Context and Reporting Period
This Form 8-K Current Report, dated July 7, 2026, details significant executive leadership changes at United Natural Foods, Inc. (UNFI). The report focuses on the appointment of a new Chief Financial Officer, the promotion of the current President to President and Chief Operating Officer, and the departure of the Chief Supply Chain Officer.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly an announcement of personnel changes and associated compensation arrangements.
Material Changes and Executive Compensation
- New CFO Appointment: Alfredo Luchini appointed as Chief Financial Officer, effective August 10, 2026.
- Base Salary: $800,000 annually.
- Target Cash Bonus: 100% of base salary.
- Target Annual Equity Award: $2,000,000 (starting fiscal 2027).
- Sign-on Equity: $1,500,000 in RSUs vesting over three years.
- Sign-on Cash Bonus: $150,000.
- Executive Promotion: Giorgio Matteo Tarditi promoted from President and CFO to President and Chief Operating Officer, effective August 3, 2026.
- Base Salary Increase: From $848,000 to $890,000 annually.
- Target Long-Term Incentive Increase: From $2,500,000 to $2,625,000 (effective fiscal 2027).
- Executive Departure: Mark Bushway, President of Natural, Organic, Specialty & Fresh Products and UNFI Chief Supply Chain Officer, is leaving the company.
- Transition Period: Will remain until January 1, 2027, holding the title of Chief Supply Chain Officer.
- Severance: Entitled to benefits under the Executive Severance Plan due to qualifying termination.
- Equity: Outstanding awards will vest on a prorated basis.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, outlook, or management commentary on future business performance. The primary risk disclosed relates to the transition of senior leadership roles and the associated costs of severance and new executive compensation packages. The company intends to enter into standard Change in Control and Indemnification agreements with the new CFO.
Investor Verification Checklist
- Verify the exact effective dates for the new CFO (August 10, 2026) and the promoted COO (August 3, 2026).
- Review the attached Offer Letters (Exhibits 10.1 and 10.2) for specific vesting schedules and performance metrics for the new equity awards.
- Confirm the total estimated one-time cash and equity costs associated with Mr. Luchini's sign-on package and Mr. Bushway's severance.
- Monitor the transition period ending January 1, 2027, to ensure operational continuity in the supply chain function.