Performance Food Group Co.
Retirement of Executive Vice President and Chief Commercial Officer
Summary
On July 18, 2024, Patrick T. Hagerty, Executive Vice President and Chief Commercial Officer of Performance Food Group Company, announced his intention to retire effective January 4, 2025. Under the terms of a Letter Agreement, Hagerty will continue to receive his current salary and benefits until the retirement date. He will also receive a total of $312,500 for consulting services provided after his retirement until June 30, 2025. Additionally, Hagerty will be eligible for certain equity awards, health plan participation, and executive physicals post-retirement. The agreement includes restrictive covenants such as confidentiality, non-competition, and non-solicitation clauses.
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Exhibits (1)
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About Performance Food Group Co.
Performance Food Group Co. is a leading foodservice distribution company that supplies a vast array of food products, beverages, and related goods to a diverse array of customers across the United States. Its primary function is to deliver high-quality food supplies and logistics solutions to restaurants, healthcare facilities, cafeterias, and hospitality venues. With an extensive portfolio of top-tier brands and private label offerings, Performance Food Group Co. plays a crucial role in the supply chain of the foodservice industry. Key features of the company include its expansive distribution network, innovative technology to enhance supply chain efficiencies, and a strong focus on customer service. The company impacts sectors such as dining, catering, and institutional meal services, ensuring that clients receive timely and reliable product deliveries. Performance Food Group Co.'s market significance is underscored by its ability to adapt to consumer preferences and industry demands, making it a vital component of the food distribution landscape. The company's operations promote seamless transitions of food products from manufacturers to end-users, thus supporting the sustainability and growth of the foodservice market.
Official SEC Documents
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