Grocery Outlet Holding Corp. 8-K

What Happened
Grocery Outlet Holding Corp. announced multiple senior leadership changes on June 9, 2026. Christopher M. Miller, Executive Vice President and Chief Financial Officer, will depart effective June 26, 2026 (serving in a non‑executive capacity until then). Ian Ferry was appointed Executive Vice President, Chief Financial Officer and Treasurer effective June 9, 2026. Separately, Matthew P. Delly, Executive Vice President, Chief Merchandising & Purchasing Officer, will depart effective June 12, 2026 (also serving in a non‑executive capacity until his departure). The company also promoted Susan Leary to Senior Vice President, Accounting and designated her Principal Accounting Officer effective June 9, 2026. A press release attached to the filing also announced Paul Miller as Executive Vice President, Chief Purchasing and Merchandising Officer (effective June 9) and affirmed Grocery Outlet’s previously issued Q2 and full‑year 2026 financial outlook.

Key Details

• CFO transition: Christopher M. Miller departs effective June 26, 2026; Ian Ferry becomes CFO and Treasurer effective June 9, 2026.
• Ian Ferry compensation: $475,000 annual base salary; target annual cash bonus = 60% of base; target annual equity value = 200% of base. 2026 pay will be prorated. Ferry (age 45) joined Grocery Outlet in June 2025 and previously held investor/finance roles at Jackson Square Partners, Fidelity and HarbourVest; MBA from Wharton.
• Accounting chief: Susan Leary (age 52, CPA) promoted to SVP, Accounting and Principal Accounting Officer; $300,000 base salary; target bonus 50% of base; target equity = 150% of base; 2026 pay prorated. Leary joined Grocery Outlet in 2020.
• Severance and protections: Miller, Delly, Ferry and Leary are participants in the company’s Executive Severance Plan; Ferry and Leary will enter the company’s standard indemnification agreement. The severance plan’s terms are described in Grocery Outlet’s 2026 proxy (filed April 21, 2026).
• Press release: Exhibit 99.1 attached; company reaffirmed its Q2 and FY2026 outlook provided May 13, 2026.

Why It Matters
Executive turnover at the CFO and merchandising leadership levels is material to investors because it affects financial leadership continuity and may influence execution of the company’s strategy and reporting. The company has already named an internal successor (Ian Ferry) with prior experience at Grocery Outlet and in investment roles, and it confirmed its financial outlook, which helps reduce immediate uncertainty. Separation payments under the Executive Severance Plan and any change‑related costs are disclosed by reference to the proxy and could affect near‑term cash flows, but the filing does not disclose specific severance dollar amounts.