01—Abstract
Summary
Summary of the 8-K filed March 20, 2025. Cited figures are marked; the original filing is the authoritative source.
The Kroger Co. filed this Form 8-K under Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers) to disclose compensation for its leadership change.
As previously disclosed, on March 2, 2025, the Board of Directors appointed Ronald Sargent as interim Chief Executive Officer and Chairman of the Board. Under the interim role, Mr. Sargent will receive an annual base salary of $4,350,000,a annualized for the duration of his service, along with a grant of 60,515 shares of restricted stock. The restricted shares vest one year from the date of the award.
For investors, the filing's key facts are the interim leadership structure, in which one individual holds both the CEO and Chairman roles on an interim basis, and the specific compensation terms for that role. The filing does not discuss the company's operating or financial results.
02—Key points
Key Highlights
- Ronald Sargent was appointed interim Chief Executive Officer and Chairman of the Board, as previously disclosed on March 2, 2025.
- Interim CEO/Chairman annual base salary is $4,350,000, annualized for the duration of his service.
- Mr. Sargent will receive a grant of 60,515 shares of restricted stock.
- The restricted stock vests one year from the date of the award.
- The filing is made under Item 5.02, covering officer appointments and compensatory arrangements.
03—Questions
Frequently Asked Questions
Who is leading Kroger on an interim basis?
Ronald Sargent serves as interim Chief Executive Officer and Chairman of the Board, as appointed by the Board of Directors on March 2, 2025.
What compensation will the interim CEO receive?
Mr. Sargent will receive an annual base salary of $4,350,000, annualized for the duration of his service, and a grant of 60,515 shares of restricted stock.
When do the restricted shares granted to Mr. Sargent vest?
The restricted stock vests one year from the date of the award.
Why is this filing being made?
The filing is made under Item 5.02 to disclose the compensatory arrangements for an officer and director appointment, specifically the interim CEO and Chairman role.
04—Continue