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Kraft Heinz logoKraft Heinz KHC

The company said Vince Garlati, Vice President, Global Controller and Principal Accounting Officer, notified it that he will step down from that role effective June 12, 2025, with his resignation taking effect on June 22, 2025.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said Vince Garlati, Vice President, Global Controller and Principal Accounting Officer, notified it that he will step down from that role effective June 12, 2025, with his resignation taking effect on June 22, 2025.

  2. Kraft Heinz said Garlati will remain with the company as Vice President of Corporate Strategic Projects after leaving the Global Controller and Principal Accounting Officer role.

  3. Kraft Heinz said Chris Asher, 45, the company's Deputy Global Controller, will succeed Garlati as Vice President, Global Controller and Principal Accounting Officer effective June 22, 2025. Asher has been Deputy Global Controller since February 2024 and served as acting Principal Accounting Officer from March 2024 to November 2024.

  4. The company said the Human Capital and Compensation Committee approved Asher's annual base salary of $400,000 and an annual cash Performance Bonus Plan target opportunity of 120% of base salary. Beginning in 2026, he will be eligible for an annual equity award valued at 50% of base salary, consisting of performance share units (70%) and restricted stock units (30%).

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Principal Accounting Officer transition effective June 22, 2025

The company said Vince Garlati, Vice President, Global Controller and Principal Accounting Officer, notified it that he will step down from that role effective June 12, 2025, with his resignation taking effect on June 22, 2025.

Source · Based on the filing body and exhibits

Garlati to remain as VP of Corporate Strategic Projects

Kraft Heinz said Garlati will remain with the company as Vice President of Corporate Strategic Projects after leaving the Global Controller and Principal Accounting Officer role.

Source · Based on the filing body and exhibits

Chris Asher to succeed Garlati; career history

Kraft Heinz said Chris Asher, 45, the company's Deputy Global Controller, will succeed Garlati as Vice President, Global Controller and Principal Accounting Officer effective June 22, 2025. Asher has been Deputy Global Controller since February 2024 and served as acting Principal Accounting Officer from March 2024 to November 2024.

Source · Based on the filing body and exhibits

Asher compensation terms

The company said the Human Capital and Compensation Committee approved Asher's annual base salary of $400,000 and an annual cash Performance Bonus Plan target opportunity of 120% of base salary. Beginning in 2026, he will be eligible for an annual equity award valued at 50% of base salary, consisting of performance share units (70%) and restricted stock units (30%).

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.