Business Context and Reporting Period
This Form 8-K Current Report was filed by Performance Food Group Company on October 7, 2019. The report addresses 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
The material change reported is the departure of a director. Mr. John J. Zillmer, a director since March 2015, notified the Company of his decision not to stand for reelection at the 2019 Annual Meeting of Stockholders. He cited a desire to focus on other commitments, including his new role as Chief Executive Officer of Aramark. Mr. Zillmer will continue to serve until his term expires at the Annual Meeting on November 13, 2019. The Company stated there are no disagreements between Mr. Zillmer and the Company regarding operations, policies, or practices.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies beyond the standard disclosure of the director's departure.
Key Facts for Investor Verification
- John J. Zillmer will not seek reelection to the Board of Directors at the November 13, 2019 Annual Meeting.
- Mr. Zillmer is departing to assume the role of CEO at Aramark.
- Mr. Zillmer remains a director until the conclusion of the Annual Meeting.
- The Company confirms no disagreements exist regarding the departure.