Grocery Outlet adds two directors, Kobayashi and Molloy; two directors to retire in August
Grocery Outlet appointed Michael Kobayashi and Lawrence "Chip" Molloy as Class I directors effective June 26, 2025, and they will join the Audit and Risk Committee. Directors Kenneth Alterman and Thomas Herman will retire effective August 7, 2025, and the board will shrink from 12 seats back to 10, eight of which the company says will be independent. The filing reports no financial results or changes to guidance.
Key points
- Michael Kobayashi and Lawrence "Chip" Molloy appointed as Class I directors effective June 26, 2025, with terms expiring at the 2026 annual meeting
- Molloy is named an audit committee financial expert; both new directors join the Audit and Risk Committee
- Kenneth Alterman and Thomas Herman retire effective August 7, 2025; the company says the retirements were not due to any disagreement with its operations, policies or practices
- Board size increased from 10 to 12 on June 25, 2025, and will be reduced back to 10 upon the retirements
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 26, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.