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Board veteran Karen Kochevar to step down at CAVA (NYSE: CAVA)

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(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

CAVA Group, Inc. announced that longtime board member Karen Kochevar will retire from the Board at the end of her current term and will not stand for re-election at the 2026 Annual Meeting of Shareholders on June 22, 2026. The company states that her retirement is not due to any disagreement regarding its operations, policies, or practices. A related press release highlights that her decision aligns with the Board’s ongoing succession planning and follows roughly ten years of service, including during CAVA’s transition from a private to a public company.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
8-K item Item 5.02 Director retirement disclosure
Annual meeting date June 22, 2026 2026 Annual Meeting of Shareholders
Service length Ten years Kochevar’s tenure on CAVA’s Board
Press release date April 21, 2026 Date CAVA announced Kochevar’s retirement
8-K signature date April 21, 2026 Report signed by CFO Tricia Tolivar
succession planning financial
"Ms. Kochevar’s decision is consistent with the Board’s ongoing succession planning process"
A company’s plan for identifying and preparing people to take over key roles when leaders leave, retire, or are unable to work. Like a sports team’s bench and playbook, it ensures someone ready can step in quickly so operations, strategy and investor confidence aren’t disrupted; investors watch it because solid succession planning reduces the risk of sudden leadership gaps that can hurt performance and stock value.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
limited-service restaurant sector financial
"to compete in the large and growing limited-service restaurant sector"
health and wellness food category financial
"as well as the health and wellness food category"
publicly traded company financial
"during the Company’s transition from a privately held company to a publicly traded company"
Understanding 8-K Material Events →
0001639438FALSE00016394382026-04-162026-04-16

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): April 16, 2026
CAVA Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware001-4172147-3426661
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
14 Ridge Square NW, Suite 500
Washington, DC 20016
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (202) 400-2920
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
Name of each exchange
on which registered
Common Stock, par value $0.0001 per shareCAVANew 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 Certain Directors or Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 16, 2026, Karen Kochevar informed CAVA Group, Inc. (the “Company”) that she would retire from the Board upon the expiration of her current term and will not stand for election for another term.

Her current term expires at the 2026 Annual Meeting of Shareholders to be held on June 22, 2026.

Ms. Kochevar's retirement is not the result of any disagreement between the Company and her regarding any matter relating to the Company's operations, policies or practices.

The Company issued the attached press release today regarding Ms. Kochevar’s retirement from the Board.


Item 9.01    Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is being furnished as part of this report:
Exhibit No.Description
99.1
Press release issued by CAVA Group, Inc. on April 21, 2026.
104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL


Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized.
Date: April 21, 2026CAVA Group, Inc.
By:/s/ Tricia Tolivar
Name:Tricia Tolivar
Title:Chief Financial Officer

Exhibit 99.1
FOR IMMEDIATE RELEASE

CAVA Announces the Retirement of Karen Kochevar from the Board

Washington, D.C. — April 21, 2026 — Karen Kochevar has informed the Company that she will retire from the Board upon the expiration of her current term and will not stand for re-election at the 2026 Annual Meeting.

Ms. Kochevar’s decision is consistent with the Board’s ongoing succession planning process and reflects her intention to conclude ten years of service on the board, including service during the Company’s transition from a privately held company to a publicly traded company. Ms. Kochevar has been a valued member of the Board and has made significant contributions to the Company during a period of substantial growth and development.

Brett Schulman, Co-Founder and CEO, stated "We thank Karen for her long service on our Board and her guidance during a period of tremendous growth and change. We are profoundly grateful for Karen's service and her contributions over the years."

About CAVA Group:

CAVA is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. Our brand and our opportunity transcend the Mediterranean category to compete in the large and growing limited-service restaurant sector as well as the health and wellness food category. CAVA serves guests across age groups, genders, and income brackets and benefits from generational tailwinds created by consumer demand for healthy living and a demographic shift towards greater ethnic diversity. We meet consumers’ desires to engage with convenient, authentic, purpose-driven brands that view food as a source of self-expression. The broad appeal of our food combined with these favorable industry trends drive our vast opportunity for continued growth.

Media Contact: cava@media.com

Source: View Original Filing on SEC EDGAR

FAQ

What did CAVA Group (CAVA) announce about Karen Kochevar?

CAVA Group announced that longtime director Karen Kochevar will retire from its Board at the end of her current term and will not stand for re-election at the 2026 Annual Meeting, after around ten years of service during a period of significant growth.

When will Karen Kochevar retire from the CAVA (CAVA) Board?

Karen Kochevar will retire from the CAVA Board when her current term ends at the 2026 Annual Meeting of Shareholders, scheduled for June 22, 2026. She will continue serving as a director until that meeting takes place.

How long has Karen Kochevar served on the CAVA (CAVA) Board?

Karen Kochevar has served on CAVA’s Board for about ten years. Her tenure spans the company’s evolution from a privately held business to a publicly traded company and includes a period of substantial growth and development.

What reason did CAVA (CAVA) give for Karen Kochevar’s decision to retire?

CAVA explained that Karen Kochevar’s decision is consistent with the Board’s ongoing succession planning and reflects her intention to conclude a decade of service. The announcement frames the move as an orderly transition rather than a conflict-driven departure.

How did CAVA’s leadership characterize Karen Kochevar’s contributions?

CAVA’s Co-Founder and CEO Brett Schulman praised Karen Kochevar for her long service and guidance during a period of tremendous growth and change, emphasizing the Board’s gratitude for her contributions over the years as the company expanded and went public.

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents