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AI brief of an SEC Form 8-K · Performance Food (PFGC)

Performance Food Group adds Sachem Head's Scott Ferguson to board under cooperation deal

Neutral Impact 4 of 5 leadership Written later

Performance Food Group Company entered a cooperation agreement with activist investor Sachem Head Capital Management on September 23, 2025, and withdrew Sachem Head's nominations for the 2025 annual meeting. Scott D. Ferguson, a Sachem Head principal, joined the board, which grew from 12 to 13 directors, and joined the Audit and Finance Committee.

Key points

  • Scott D. Ferguson appointed to the board, term expiring at the 2025 Annual Meeting, and to the Audit Committee
  • Board size increased from twelve to thirteen directors; the company says 12 of 13 are independent
  • Sachem Head agreed to customary standstill and voting commitments; agreement runs until the later of a date tied to 2026 annual meeting nomination deadlines or 20 days after Ferguson leaves the board
  • Ferguson must resign if Sachem Head's net long position falls below 1.0% of common stock

The filing

CompanyPerformance Food (PFGC)
Form8-K, current report
Filed with the SECSep 23, 2025, 4:15 PM ET
Accession number0001193125-25-213333

Items reported: 1.01 Material Definitive Agreement5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:11 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 September 23, 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.