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AI brief of an SEC Form 8-K · Sprouts Farmers Market (SFM)

Sprouts names President Nick Konat CEO effective January 4, 2027

Neutral Impact 4 of 5 leadership Written later

Sprouts Farmers Market said its board appointed President and Chief Operating Officer Nick Konat as chief executive and a director, effective January 4, 2027, the first day of its 2027 fiscal year. Jack Sinclair, CEO since June 2019, will become executive chairman at that time. The filing does not include financial results or guidance tied to the change.

Key points

  • Nick Konat, age 49, has been president and chief operating officer since March 2022 and previously held roles at Petco and Target.
  • Konat's annual base salary will rise to $1,000,000 on January 4, 2027, with a target bonus of 125% of salary and long-term equity incentive opportunity of 600% of salary.
  • Jack Sinclair becomes executive chairman with a $900,000 base salary, a 100% target bonus and a 333% long-term equity incentive opportunity.
  • The board will expand to nine members, and Chairman Joseph Fortunato will serve as lead independent director from the same date.

The filing

CompanySprouts Farmers Market (SFM)
Form8-K, current report
Filed with the SECSep 1, 2026, 4:03 PM ET
Accession number0001575515-26-000041

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 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 01, 2026.

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.