ACI appoints Intel CFO; Allen Gibson retires from board

Rhea-AI Filing Summary

Albertsons Companies reported a change to its board with the appointment of David Zinsner, Executive Vice President and Chief Financial Officer of Intel Corporation, as an independent director effective September 15, 2025. Mr. Zinsner, who has led Intel's global finance organization since 2022 and brings over 25 years of finance and operational experience at technology and semiconductor companies, was designated by Cerberus Capital Management, L.P. under a stockholders' agreement. The filing states Mr. Zinsner has no family relationships with company officers or directors and no related-party transactions requiring disclosure. In connection with this change, longtime director Allen Gibson retired from the Board and all committee memberships; the company says his retirement was not due to any disagreement. A press release is attached as Exhibit 99.1.

Positive

• Appointment of David Zinsner brings a public-company CFO with 25+ years of finance experience
• Designation by Cerberus signals alignment with a major shareholder under the stockholders' agreement
• Filing states no related-party transactions with the new director requiring disclosure

Negative

• Retirement of Allen Gibson reduces board continuity and committee experience
• No committee assignment yet for the new director could delay his direct oversight role
• Investor influence via designation may raise governance questions for shareholders preferring independence

Insights

Corporate Governance Analyst

New director adds public-company CFO experience and investor-backed representation.

David Zinsner's appointment brings direct experience running a large public company's finance functions, which can strengthen the Board's oversight of accounting, reporting, and capital allocation.

The filing notes he was designated by Cerberus, indicating continued investor influence on board composition; that is material for shareholders assessing governance alignment with major stakeholders.

Board Composition Specialist

A director retirement plus one appointment leaves committee assignments unchanged for now.

The retirement of Allen Gibson reduces Board continuity and committee experience until replacements or committee reassignments are made. The filing explicitly states Mr. Zinsner has not been appointed to any Board committee, so near-term committee oversight capacity may be unchanged.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

September 11, 2025

Albertsons Companies, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware

001-39350

47-4376911

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

250 Parkcenter Blvd.

Boise, Idaho 83706

(Address of principal executive office and zip code)

(208) 395-6200

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Class A common stock, $0.01 par value			ACI			New York Stock Exchange

			Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
			Emerging growth company			☐
			If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.			☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective September 15, 2025, James Donald retired from the Board of Directors (the "Board") of Albertsons Companies, Inc. (the "Company"), including his role as Chair of the Board. His retirement was not the result of any disagreement with the Company, its management, the Board, or any committee thereof, or with respect to any matter relating to the Company's operations, policies, or practices. Kim Fennebresque, a current independent director, was elected Chair of the Board to succeed Mr. Donald, effective September 15, 2025.

On September 15, 2025, David Zinsner, Executive Vice President and Chief Financial Officer of Intel Corporation, was appointed to the Board as an independent director. Mr. Zinsner has served as Executive Vice President and Chief Financial Officer of Intel Corporation since 2022, where he leads the company's global finance organization, including accounting, reporting, tax, treasury, internal audit and investor relations. He brings over 25 years of financial and operational experience in the technology and semiconductor industries, having held executive leadership positions at Micron Technology, Analog Devices, Intersil Corp. and Affirmed Networks. Mr. Zinsner was designated to the Board by Cerberus Capital Management, L.P. ("Cerberus") pursuant to the director designation rights set forth in Section 2.01 of the Stockholders' Agreement dated June 25, 2020, by and among the Company and Cerberus. Mr. Zinsner has not been appointed to any committee of the Board and there are no related party transactions between the Company and Mr. Zinsner that would require disclosure under Item 404(c) of the SEC’s Regulation S-K. Additionally, there are no family relationships between Mr. Zinsner and any other director or officer of the Company.

In connection with these changes, Allen Gibson also retired from the Board and membership on all Board committees. His retirement was not the result of any disagreement with the Company, its management, the Board, or any committee thereof.

A copy of the press release announcing these changes is attached to this report as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are being filed herewith:

99.1						Press Release of Albertsons Companies, Inc. dated September 17, 2025
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Albertsons Companies, Inc.
			(Registrant)
September 17, 2025			By:			/s/ Thomas Moriarty
			Name:			Thomas Moriarty
			Title:			Executive Vice President, M&A and Corporate Affairs

FAQ

Who did Albertsons (ACI) appoint to its board?

The company appointed David Zinsner, Executive Vice President and Chief Financial Officer of Intel Corporation, as an independent director.

When did the board appointment take effect?

The appointment is effective September 15, 2025 as stated in the filing.

Why was David Zinsner designated to the board?

Mr. Zinsner was designated by Cerberus Capital Management, L.P. pursuant to director designation rights in the parties' stockholders' agreement.

Did the filing disclose any related-party transactions with the new director?

No. The filing states there are no related-party transactions between the Company and Mr. Zinsner that require disclosure.

Did any director leave the board at the same time?

Yes. Allen Gibson retired from the Board and all committee memberships; the company said his retirement was not due to disagreement with management or the Board.

Has Mr. Zinsner been assigned to any Board committees?

No. The filing states he has not been appointed to any committee of the Board.