01—Abstract
Summary
Summary of the 8-K filed February 22, 2024. Cited figures are marked; the original filing is the authoritative source.
The Kraft Heinz Company filed this Form 8-K on February 22, 2024 to report a personnel change in its finance organization under Item 5.02.
Vince Garlati, Vice President, Global Controller and Principal Accounting Officer, notified the company on February 21, 2024 that he would take a personal leave of absence beginning March 7, 2024. Chris Asher was appointed acting Principal Accounting Officer effective March 7, 2024, while continuing as Deputy Global Controller, a role he has held since February 2024. Mr. Asher, age 43, previously served as Vice President, North America Controller from January 2022 to February 2024, Assistant Global Controller from July 2020 to January 2022, and Assistant Global Controller, Consolidations and Financial Reporting from September 2018 to July 2020.
The filing states he was not selected pursuant to any arrangement or understanding with any other person, has no familial relationships with any director or executive officer, and has no transactions with the company requiring disclosure under Item 404(a) of Regulation S-K. For investors, this is a routine, temporary leave-driven change in the accounting leadership role rather than a change in the company's financial strategy or results. The filing contains no financial figures.
02—Key points
Key Highlights
- Vince Garlati, Vice President, Global Controller and Principal Accounting Officer, is taking a personal leave of absence beginning March 7, 2024.
- Chris Asher was appointed acting Principal Accounting Officer effective March 7, 2024.
- Mr. Asher, age 43, continues as Deputy Global Controller, a role held since February 2024.
- Mr. Asher previously served as Vice President, North America Controller (January 2022 to February 2024) and Assistant Global Controller (July 2020 to January 2022).
- The filing states Mr. Asher has no familial relationships with any director or executive officer.
- The filing states there are no transactions between Mr. Asher and the company requiring disclosure under Item 404(a) of Regulation S-K.
- The filing reports no financial results or figures.
03—Questions
Frequently Asked Questions
Why is the Principal Accounting Officer changing?
Vince Garlati notified the company on February 21, 2024 that he would take a personal leave of absence beginning March 7, 2024. The filing does not give further detail on the reason for the leave.
Who is replacing Mr. Garlati and in what capacity?
Chris Asher was appointed acting Principal Accounting Officer effective March 7, 2024, for the duration of Mr. Garlati's leave. He will also continue to serve as Deputy Global Controller.
What is Mr. Asher's background?
Mr. Asher, age 43, has served as Deputy Global Controller since February 2024. Earlier roles include Vice President, North America Controller (January 2022 to February 2024), Assistant Global Controller (July 2020 to January 2022), and Assistant Global Controller, Consolidations and Financial Reporting (September 2018 to July 2020).
Does this change affect the company's financial reporting or results?
The filing does not report any financial results or changes to financial reporting. It addresses only the leadership arrangement for the Principal Accounting Officer role.
Were there any related-party or conflict-of-interest arrangements tied to Mr. Asher's appointment?
The filing states that Mr. Asher was not selected pursuant to any arrangement or understanding with any other person, has no familial relationships with any director or executive officer, and has no transactions with the company requiring disclosure under Item 404(a) of Regulation S-K.
04—Continue