Company: SYY
Filing Date: 2025-11-21
Form Type: 8-K
Source: 0000096021-25-000164
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Company: SYSCO CORP
Filing Date: 2025-11-21
Form: 8-K
Item: Item 5.02
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ITEM 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 17, 2025, Mr. Greg D. Bertrand, Executive Vice President and Global Chief Operating Officer of Sysco Corporation (“ Sysco” or the “ Company”), notified the Company of his intention to transition to a non-executive officer senior advisor position for Sysco, effective January 1, 2026, in preparation for his retirement.

In connection with Mr. Bertrand’s transition into the role of a senior advisor, the Company and Mr. Bertrand have entered into a strategic advisor agreement (the “ Advisor Agreement”), effective January 1, 2026, for a period of at least nine months. Mr. Bertrand will retire at the expiration of the Advisor Agreement. Pursuant to the Advisor Agreement, among other things, Mr. Bertrand is expected to provide at least 20 hours of services per week to the Company, and will be eligible for the following compensation and benefits: (i) an annual base salary of $443,500; (ii) a one-time cash award valued at $250,000 which will be payable within 30 days of commencement of the Advisor Agreement, subject to continued employment; (iii) continued vesting of Company equity or equity-based awards held by Mr. Bertrand, subject to continued employment; and (iv) continued eligibility to participate in the Company’s 401(k) plan, management savings plan, health insurance and certain other retirement and welfare benefit plans, subject to the terms of such plans. Mr. Bertrand will not be eligible to participate in the Company’s bonus programs or be granted new long-term equity awards while serving in the role of senior advisor (except with respect to his eligibility to receive a pro-rated cash bonus under the Company’s Annual Incentive Plan based on base salary earned during the first half of fiscal year 2026 and Company performance, subject to continued employment).

Under the Advisor Agreement, should the Company decide to end Mr. Bertrand’s senior advisor role prior to September 30, 2026, for any reason other than cause (as determined by the Company at its sole discretion), Mr. Bertrand will be relieved of work obligations, but will remain employed by the Company and receive compensation and benefits through September 30, 2026, in accordance with the Advisor Agreement.

The foregoing description is qualified in its entirety by the full text of the Advisor Agreement