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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): October 24, 2024
The Kraft Heinz Company
(Exact name of registrant as specified in its charter)
| | | | | | | | |
Delaware | 001-37482 | 46-2078182 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
One PPG Place, Pittsburgh, Pennsylvania 15222
(Address of principal executive offices, including zip code)
(412) 456-5700
(Registrant’s telephone number, including area code)
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(s) | Name of each exchange on which registered |
Common stock, $0.01 par value | KHC | The Nasdaq Stock Market LLC |
Floating Rate Senior Notes due 2025 | KHC25 | The Nasdaq Stock Market LLC |
3.500% Senior Notes due 2029 | KHC29 | 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.
On October 24, 2024, the Board of Directors (the “Board”) of The Kraft Heinz Company (the “Company”) appointed Debby Soo as a member of the Board, effective as of such date. Ms. Soo was not selected pursuant to any arrangement or understanding between her and any other persons. There are no transactions between Ms. Soo and the Company that would be reportable under Item 404(a) of Regulation S-K.
Ms. Soo will be compensated according to the Company’s compensation program for non-employee directors as described in the Company’s proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on March 22, 2024.
Item 7.01. Regulation FD Disclosure.
On October 28, 2024, the Company issued a press release announcing the Board’s appointment of Ms. Soo to the Board. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of, or otherwise regarded as filed under, the Exchange Act, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or in the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) The following exhibit is furnished with this Current Report on Form 8-K.
| | | | | | | | |
Exhibit No. | | Description |
99.1 | | |
104 | | The cover page of The Kraft Heinz Company's Current Report on Form 8-K dated October 24, 2024, formatted in iXBRL. |
SIGNATURE
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.
| | | | | | | | |
| The Kraft Heinz Company |
| | |
Date: October 28, 2024 | By: | /s/ Andre Maciel |
| | Andre Maciel |
| | Executive Vice President and Global Chief Financial Officer |
Exhibit 99.1
Kraft Heinz Announces New Member of Board of Directors
New Independent Director, Debby Soo, is the CEO of OpenTable, Inc., and brings significant expertise in technology transformation, public company leadership, and global business management
| | | | | | | | |
Contacts: | Alex Abraham (media) | Anne-Marie Megela (investors) |
| Alex.Abraham@kraftheinz.com | ir@kraftheinz.com |
PITTSBURGH & CHICAGO – Oct. 28, 2024 – The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) announced today that Debby Soo, CEO of OpenTable, Inc., has been appointed to the Board of Directors (“Board”), effective October 24, 2024.
“We are thrilled to welcome Debby to our Board,” said Miguel Patricio, Chair of the Board of Kraft Heinz. “Debby brings extensive experience in technology development and global business strategy, having worked with some of the most impactful global technology organizations.”
Prior to her CEO role at OpenTable, Inc., where she has been for more than four years, Soo spent more than 10 years at KAYAK, the metasearch engine for travel services, where she most recently served as Chief Commercial Officer. Earlier in her career at KAYAK, she spent time as the SVP of Business Development; Vice President, Asia Pacific; and Senior Director of New Markets, among other roles. Before joining KAYAK, Soo held positions at Google and Citigroup Global Markets. Debby holds a B.A. and M.A. from Stanford University and an MBA from Massachusetts Institute of Technology.
“Debby will be a tremendous asset to the Board in its oversight of the Company’s long-term growth strategy,” said Carlos Abrams-Rivera, Chief Executive Officer and Board member at Kraft Heinz. “We’ve re-engineered Kraft Heinz with Agile@Scale as the foundation of our business. Debby’s experience with emerging technologies and organizational transformation will be incredibly valuable as we continue to modernize the Company.”
Soo has also served on the Board of Directors of EverCommerce Inc. since 2021.
“I am honored to join the Kraft Heinz Board to help drive innovation and sustainable growth across the enterprise,” she said. “My experience at OpenTable, working in close partnership with chefs and restaurateurs, gives me a unique perspective on technology in the food and beverage industry and the powerful role that food plays in bringing people together. Kraft Heinz has built an incredible legacy through its iconic brands and I look forward to being a part of its future."
To learn more about Kraft Heinz, visit www.kraftheinzcompany.com.
ABOUT THE KRAFT HEINZ COMPANY
We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious. Consumers are at the center of everything we do. With 2023 net sales of approximately $27 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consumer-driven product platforms. As global citizens, we’re dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn.
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