Simply Good Foods (NASDAQ: SMPL) outlines CHRO exit and 6,881 RSU acceleration
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
The Simply Good Foods Company reported a leadership change and related compensation actions. The company announced a corporate realignment under which Amy Held, Senior Vice President and Chief Human Resources Officer and a named executive officer, will depart by June 1, 2026. She will receive benefits available under the company’s Third Amended and Restated Executive Severance Plan. The Compensation Committee also approved accelerating the vesting of 6,881 time-based Restricted Stock Units previously granted to Ms. Held so they will vest on June 1, 2026.
Positive
- None.
Negative
- None.
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
Accelerated RSUs: 6,881 Restricted Stock Units
Departure date: June 1, 2026
Realignment announcement date: April 20, 2026
3 metrics
Accelerated RSUs
6,881 Restricted Stock Units
Time-based RSUs for Amy Held vesting on June 1, 2026
Departure date
June 1, 2026
Planned latest departure date for Amy Held
Realignment announcement date
April 20, 2026
Date company announced corporate realignment initiatives
Key Terms
corporate realignment initiatives, named executive officer, Third Amended and Restated Executive Severance Plan, Restricted Stock Units
4 terms
corporate realignment initiatives financial
"the Company, announced several corporate realignment initiatives"
named executive officer financial
"currently Senior Vice President and Chief Human Resources Officer and a named executive officer"
Third Amended and Restated Executive Severance Plan financial
"benefits she is entitled to under the Company's Third Amended and Restated Executive Severance Plan"
Restricted Stock Units financial
"accelerate the vesting of 6,881 time-based Restricted Stock Units previously granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
What leadership change did The Simply Good Foods Company (SMPL) disclose?
The company announced that Amy Held, its Senior Vice President and Chief Human Resources Officer and a named executive officer, will depart by June 1, 2026. Her departure is part of broader corporate realignment initiatives announced on April 20, 2026.
What severance benefits will Amy Held receive from SMPL?
Amy Held will receive the benefits she is entitled to under The Simply Good Foods Company’s Third Amended and Restated Executive Severance Plan. This plan governs severance compensation and related benefits for certain executives when they depart the company.
How many Restricted Stock Units will vest early for Amy Held at SMPL?
The Compensation Committee approved accelerating the vesting of 6,881 time-based Restricted Stock Units previously granted to Amy Held. These RSUs will now vest on June 1, 2026, instead of their original schedule, aligning with her planned departure date.
Why is The Simply Good Foods Company making these executive changes?
The company stated that Amy Held’s departure is part of several corporate realignment initiatives announced on April 20, 2026. The filing does not provide additional detail on the specific objectives or expected outcomes of this realignment.
What board committee at SMPL approved the RSU acceleration for Amy Held?
The Compensation Committee of The Simply Good Foods Company’s Board of Directors approved the acceleration of 6,881 time-based Restricted Stock Units for Amy Held, setting their vesting date to June 1, 2026 in connection with her departure.