John B. Sanfilippo (NASDAQ: JBSS) details separation deal with ex-General Counsel

Rhea-AI Filing Summary

John B. Sanfilippo & Son, Inc. reported that, following its previously announced decision to eliminate the position of Vice President, General Counsel as of August 5, 2025, it has entered into a separation agreement with former executive Gina Lakatos. The Understanding of Separation Benefits & General Release Agreement, dated August 12, 2025, provides Ms. Lakatos with a cash separation payment of $150,000 and reimbursement of 26 weeks of health insurance premiums under COBRA. In return, she is granting customary legal releases to the company and agreeing to customary restrictive covenants. The full agreement is filed as an exhibit to this current report.

8-K Event Classification

2 items: 5.02, 9.01

2 items

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.

Understanding 8-K Material Events →

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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): August 18, 2025 (August 12, 2025)

JOHN B. SANFILIPPO & SON, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware			0-19681	36-2419677
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
1703 N. RANDALL ROAD
Elgin, Illinois				60123-7820
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (847) 289-1800

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
Common Stock, $.01 par value per share		JBSS		The Nasdaq Stock Market LLC

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

As previously announced on a Current Report on Form 8-K filed with the Securities and Exchange Commission on August 8, 2025 John B. Sanfilippo & Son, Inc. (the “Company”) announced the elimination of the position of Vice President, General Counsel, on August 5, 2025. In connection with the elimination of this position, on August 12, 2025, the Company entered into an Understanding of Separation Benefits & General Release Agreement with Gina Lakatos (the “Agreement”).

In exchange for certain customary releases to the Company and entering into customary restrictive covenants with the Company, Ms. Lakatos will receive a separation payment of $150,000 and a reimbursement of 26 weeks of health insurance premiums under the Consolidated Omnibus Reconciliation Act (COBRA).

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The exhibits furnished herewith are listed in the Exhibit Index of this Current Report on Form 8-K.

EXHIBIT INDEX

Exhibits		Description
10.1		Understanding of Separation Benefits & General Release Agreement, dated August 12, 2025, between John B. Sanfilippo & Son, Inc. and Gina Lakatos
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

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

			JOHN B. SANFILIPPO & SON, INC.
Date:	August 18, 2025	By:	/s/ Frank S. Pellegrino
			Frank S. Pellegrino Chief Financial Officer, Executive Vice President, Finance and Administration

FAQ

What executive change did JBSS report in this Form 8-K?

John B. Sanfilippo & Son, Inc. reported that it eliminated the position of Vice President, General Counsel as of August 5, 2025, and entered into a separation agreement with the former holder of that role, Gina Lakatos.

What separation payment will former executive Gina Lakatos receive from JBSS?

Under the separation agreement, Gina Lakatos will receive a cash separation payment of $150,000 from John B. Sanfilippo & Son, Inc.

What health insurance benefits are included in the JBSS separation agreement with Gina Lakatos?

The agreement provides for reimbursement of 26 weeks of health insurance premiums under COBRA for Ms. Lakatos.

What does Gina Lakatos provide to JBSS in exchange for the separation benefits?

In exchange for the separation benefits, Gina Lakatos is providing customary releases to John B. Sanfilippo & Son, Inc. and entering into customary restrictive covenants with the company.

Where can investors find the full text of the JBSS separation agreement with Gina Lakatos?

The complete Understanding of Separation Benefits & General Release Agreement, dated August 12, 2025, between John B. Sanfilippo & Son, Inc. and Gina Lakatos is filed as Exhibit 10.1 to this Form 8-K.

Does the JBSS 8-K include any financial statements or earnings information?

No. This Form 8-K focuses on the executive separation agreement related to the elimination of the Vice President, General Counsel position, and does not present financial statements or earnings data.