Sysco SEC Filings

Sysco announced a definitive agreement to acquire Jetro Restaurant Depot. The deal would add a U.S. Cash & Carry business operating 166 warehouse stores across 35 states and serving more than 725,000 independent restaurants. The company expects the transaction to close by the third quarter of fiscal 2027, subject to customary closing conditions and regulatory approvals. Management says the combination should increase revenue, improve margins and free cash flow, keep Jetro as a standalone segment led by its current CEO, and create additional store openings and jobs.

Sysco Corporation announced a definitive agreement to acquire Restaurant Depot in a transaction valued at $29.1B consisting of $21.6B cash and 91.5 million Sysco shares at $81.80 per share. The companies expect the combination to increase Sysco revenue ~20%, adjusted EBITDA ~45%, and free cash flow ~55% on a pro forma basis, and to be mid- to high-single-digit accretive to EPS in year one and low- to mid-teens accretive in year two. Sysco expects ~$250M of annualized net cost synergies within three years, plans to fund the cash portion with cash on hand and new debt (projected post-close leverage ~4.5x), and intends to delever by at least 1.0x combined EBITDA within 24 months. Restaurant Depot will operate as a standalone business segment with its leadership retained; the transaction is expected to close by Sysco fiscal Q3 2027, subject to customary closing conditions and regulatory approvals.

Sysco Corporation entered into a definitive merger agreement to acquire Jetro Restaurant Depot. The transaction consideration consists of $21.6 billion in cash and 91.5 million shares of New Slider Holdco, Inc. common stock. Holders of JRD and Warehouse Realty equity are expected to own approximately 16% of HoldCo post-closing. Sysco will effect a series of subsidiary mergers and, at the effective time of the Sysco Merger, each outstanding Sysco share will convert into one share of HoldCo Common Stock, which is expected to trade on the New York Stock Exchange under Sysco’s current symbol. Completion is subject to customary conditions, including HSR clearance, any required SEC effectiveness of a Form S-4, NYSE listing approval, accuracy of representations, covenants, and receipt of a customary tax opinion; antitrust-related termination rights include a potential $1.164 billion termination fee in certain circumstances. Sysco has a commitment letter for a $22 billion 364-day bridge facility to finance the cash portion and related refinancing.

Sysco Corporation agreed to acquire Jetro Restaurant Depot, including JRD Unico and Warehouse Realty, in a major cash-and-stock transaction. Sysco will pay $21.6 billion in cash and issue 91.5 million shares of New Slider Holdco common stock, after which Jetro holders are expected to own about 16% of HoldCo.

The deal uses a reverse merger structure where each Sysco share converts into one HoldCo share, which is expected to continue trading on the NYSE under “SYY.” Closing depends on antitrust clearance, SEC effectiveness of a Form S-4, NYSE listing of HoldCo shares and other customary conditions. Sysco obtained commitments for a $22 billion 364‑day bridge loan and plans to use roughly $21 billion of new debt and hybrid debt plus $1 billion of cash or equity to fund the cash portion and refinance Jetro’s debt. If antitrust approvals are not obtained in certain circumstances, Sysco would owe a $1.164 billion termination fee.

Sysco Corporation announced an agreement to acquire JRD Unico, Inc. and Warehouse Realty, LLC ("Jetro Restaurant Depot"). The Form 8-K furnishes a joint press release and an investor presentation with supplemental information on Sysco's third quarter of fiscal 2026 (quarter ended March 28, 2026) and on the fiscal year ending June 27, 2026.

The filing notes that a registration statement on Form S-4 may be filed in connection with the transaction and urges stockholders to read the prospectus when available. The filing includes customary forward-looking statement disclosures and identifies regulatory approvals and closing conditions as potential risks.

Sysco Corporation plans a transformative acquisition of JRD Unico, Inc. and Warehouse Realty, LLC, collectively Jetro Restaurant Depot, in a transaction valued at approximately $29.1 billion. Jetro shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares, implying about 14.6x Jetro’s 2025 operating income.

Jetro, a leading U.S. Cash & Carry wholesaler, generated roughly $16 billion revenue, $2.1 billion EBITDA and $1.9 billion free cash flow in 2025. Sysco will fund the cash portion mainly with $21 billion of new and hybrid debt, targeting leverage of about 4.5x at closing and de‑leveraging by at least 1.0x within 24 months. The deal, expected to close by the third quarter of fiscal 2027 subject to regulatory approvals, is projected to be immediately accretive to margins, earnings per share and free cash flow, supported by $250 million of annualized net cost synergies within three years. Jetro will operate as a standalone segment, its leadership will remain in place, and two of its directors will join Sysco’s board. Sysco is pausing share repurchases but maintaining its dividend and reaffirming fiscal 2026 guidance for 3%–5% sales growth and adjusted EPS at the high end of $4.50–$4.60, including expected third‑quarter adjusted EPS of about $0.94 with U.S. local case growth above 3.0%.

The Vanguard Group filed Amendment No. 13 to a Schedule 13G/A reporting its beneficial ownership in Sysco Corp. The amendment states Vanguard beneficially owns 0 shares of Sysco common stock and reports 0% ownership. The filing explains an internal realignment dated January 12, 2026 that led certain Vanguard subsidiaries to report separately.

SYSCO CORP interim CFO Brandon Elliot Sewell filed an initial ownership report showing his equity stake in the company. He directly holds 4,277.652 shares of common stock. The filing also lists several stock option grants, each giving him the right to buy SYSCO common shares at preset prices.

The options cover 2,492 shares at an exercise price of $76.94 expiring on August 18, 2031, 2,844 shares at $85.57 expiring on August 17, 2032, 2,507 shares at $73.53 expiring on August 9, 2033, 2,583 shares at $76.54 expiring on August 20, 2034, and 5,086 shares at $80.98 expiring on August 20, 2035. Footnotes describe standard vesting schedules, with portions of each grant becoming exercisable in annual thirds after the respective vesting start dates.

SYSCO CORP senior vice president Stephen Dale Higgs filed an initial ownership report showing existing equity holdings. The Form 3 lists several stock option awards, including rights to buy 9,320 shares of common stock at $75.08 per share expiring on August 22, 2028, and other grants with exercise prices ranging from $58.08 to $85.57 and expirations extending through August 20, 2035. He also reports direct ownership of 7,934.805 shares of Sysco common stock. Footnotes explain that each option grant vests in three equal annual installments before its stated expiration date.