Oct 15, 4:06 PM ET
Albertsons Companies appointed Harmit Singh, Executive Vice President and Chief Financial and Growth Officer of Levi Strauss & Co., as a director, expanding the board from 14 to 15 members. The filing also sets committee assignments for three directors named in September, which shapes how the board's oversight committees are staffed.
- Singh's term runs until the 2027 annual meeting; he joins the Audit & Risk Committee and Governance, Compliance and ESG Committee effective October 26, 2026.
- Singh plans to retire from Levi Strauss & Co. on November 30, 2026, after a planned transition, and serves on the Planet Fitness, Inc. board.
- The Board determined Singh is independent under NYSE rules; his compensation will be pro-rated from the non-management director pay disclosed in the 2026 proxy.
- William P. Boltz and Margaret M. Ham joined the Audit & Risk Committee, Boltz also the Finance Committee and Ham the Compensation Committee, and Chris Drumgoole the Technology Committee, all effective October 26, 2026.
Read the filing on SEC.gov ↗
Oct 13, 7:31 AM ET
For the 12 weeks ended September 12, 2026, net sales and other revenue fell 0.1% to $18,894.7 million and identical sales declined 0.8%. Net income dropped to $51.5 million, or $0.11 per share, from $168.5 million, or $0.30 per share, a year earlier. The company no longer provides a fiscal 2026 outlook and will launch a comprehensive business review, with an updated outlook expected by its fourth quarter earnings call.
- Net income of $51.5 million, or $0.11 per share, versus $168.5 million, or $0.30 per share, in the second quarter of fiscal 2025
- Adjusted net income of $179.0 million, or $0.36 per share, versus $248.4 million, or $0.44 per share; Adjusted EBITDA of $784.0 million versus $848.4 million
- No fiscal 2026 outlook; a refreshed financial framework is expected with the turnaround plan by the fourth quarter earnings call
- Quarterly dividend of $0.17 per share to be paid November 6, 2026 to holders of record as of October 23, 2026
Read the filing on SEC.gov ↗
Sep 30, 4:18 PM ET
Albertsons Companies appointed three new directors, William Boltz, Chris Drumgoole and Margaret Ham, effective October 14, 2026, expanding the board from 11 to 14 members. The company also named Senior Vice President Cody Perdue as Interim Chief Financial Officer effective September 30, 2026, after Sharon McCollam's previously announced retirement, so shareholders are seeing a change in the finance leadership while a permanent CFO is sought.
- Three directors appointed effective October 14, 2026: William P. Boltz, Chris Drumgoole and Margaret M. Ham; board expands from 11 to 14 directors
- Cody Perdue, SVP of Treasury, Investor Relations and Risk Management, named Interim CFO effective September 30, 2026
- Perdue receives a stipend at an annual rate of $350,000 during his interim service, in addition to his normal compensation
- Sharon McCollam stays in an advisory role through the end of the fiscal year on February 27, 2027; the search for a permanent CFO is underway
Read the filing on SEC.gov ↗
Sep 9, 6:31 AM ET
Albertsons Companies appointed Meg Whitman to its board effective September 8, 2026, and elected her Executive Chair, a role the company describes as newly created. Kim Fennebresque moves from Chair to Lead Independent Director, and the board expands from 10 to 11 members. Because Whitman is an employee, the board has determined she is not independent under NYSE rules.
- Whitman's appointment is effective September 8, 2026, with a term ending at the 2027 annual meeting.
- Whitman will receive an annual base salary of $100,000 and time-based restricted stock units with a grant date value of $8.9 million, vesting in one year.
- Fennebresque, Chair since September 2025, is now Lead Independent Director.
- Whitman will also serve as an operations and strategic advisor to CEO Susan Morris and has not been appointed to any board committee.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.