Primo Brands (PRMB) adds Planet Fitness CFO Sudhanshu Priyadarshi as director
Rhea-AI Filing Summary
Primo Brands Corporation reported a board change effective July 14, 2026. The Board accepted the resignation of director Minsok Pak after he accepted an executive role with another industry participant, consistent with the company’s Corporate Governance Guidelines following a change in his principal employment responsibilities. His departure is stated not to result from any disagreement regarding operations, policies or practices.
To fill the vacancy, the Board appointed Sudhanshu Priyadarshi as a director, serving until the 2027 Annual Meeting of Stockholders or until a successor is elected and qualified. He will also serve on the Audit Committee and Sustainability Committee. Priyadarshi, age 49, brings senior finance and international operating experience from roles at Planet Fitness, Keurig Dr Pepper, Vista Outdoor, Flexport, Walmart, Cipla and PepsiCo. He joins the Board as a Sponsor Nominee under an existing Stockholders Agreement and Charter and will receive compensation under the Non-Employee Director Compensation Program, along with a standard indemnification agreement.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
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.
Key Figures
Board change date: July 14, 2026
Director age: 49
Director term end reference: 2027 Annual Meeting of Stockholders
+2 more
5 metrics
Board change date
July 14, 2026
Date the board accepted Minsok Pak’s resignation and appointed Sudhanshu Priyadarshi
Director age
49
Age of new director Sudhanshu Priyadarshi
Director term end reference
2027 Annual Meeting of Stockholders
Stated endpoint of Priyadarshi’s current board term, subject to standard changes
Par value per share
$0.01 per share
Par value of Class A common stock listed on the New York Stock Exchange
Company telephone
(813) 544-8515
Registrant’s telephone number for Primo Brands Corporation
Key Terms
Emerging growth company, Audit Committee, Sustainability Committee, Sponsor Nominee, +2 more
6 terms
Emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934... 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.
Audit Committee financial
"Mr. Priyadarshi will also serve as a member of the Board’s Audit Committee and Sustainability Committee."
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Sustainability Committee other
"serve as a member of the Board’s Audit Committee and Sustainability Committee."
Sponsor Nominee regulatory
"Mr. Priyadarshi was appointed to the Board as a Sponsor Nominee in accordance with the Stockholders Agreement"
Stockholders Agreement regulatory
"in accordance with the Stockholders Agreement, dated November 7, 2024, by and between the Company"
indemnification agreement regulatory
"the Company is entering into its standard form of indemnification agreement with Mr. Priyadarshi"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What board changes did Primo Brands (PRMB) disclose for July 14, 2026?
On July 14, 2026, Primo Brands’ board accepted the resignation of director Minsok Pak and appointed Sudhanshu Priyadarshi to fill the resulting vacancy, including service on the Audit and Sustainability Committees.
Why did Minsok Pak resign from the Primo Brands (PRMB) board?
Minsok Pak resigned after accepting an executive role with an industry participant, consistent with Primo Brands’ Corporate Governance Guidelines following a change in his principal employment responsibilities, and not because of any disagreement over company operations or policies.
Who is Sudhanshu Priyadarshi, the new director at Primo Brands (PRMB)?
Sudhanshu Priyadarshi, age 49, is Chief Financial Officer and President, International at Planet Fitness, Inc., with prior senior finance roles at Keurig Dr Pepper, Vista Outdoor, Flexport, Walmart, Cipla and PepsiCo, and current board service at Wabash National Corporation.
How long will Sudhanshu Priyadarshi serve on the Primo Brands (PRMB) board?
Sudhanshu Priyadarshi will serve as a director until the 2027 Annual Meeting of Stockholders or until his successor is elected and qualified, subject to earlier death, resignation, retirement, disqualification or removal under standard governance terms.
What board committees will Sudhanshu Priyadarshi join at Primo Brands (PRMB)?
Sudhanshu Priyadarshi will serve as a member of Primo Brands’ Audit Committee and Sustainability Committee, adding his finance, logistics and technology experience to these key oversight and strategic areas of the board’s work.
How will Sudhanshu Priyadarshi be compensated as a Primo Brands (PRMB) director?
Primo Brands states that Sudhanshu Priyadarshi will receive director compensation consistent with its Non-Employee Director Compensation Program and will enter into the company’s standard indemnification agreement customarily provided to non-employee directors.