UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
Current Report
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 5, 2023, Sovos Brands, Inc. (the “Company”) announced the promotion of E. Yuri Hermida, age 50, to President effective December 11, 2023. Mr. Hermida has served as the Company’s Chief Growth Officer since he joined the Company in October 2022.
Prior to joining the Company, Mr. Hermida served as an executive vice president of Reckitt Benckiser from September 2020 to September 2022, overseeing the North American hygiene business and served as the regional director for Central Eastern Europe from January 2019 to August 2020. Prior to January 2019, Mr. Hermida held various positions at Procter and Gamble from August 1996 to October 2018, including country manager for the Malaysia and Singapore region, general manager of Baby Care for the Greater China region, and vice president of Feminine and Baby Care for North America. He earned his B.A. in industrial engineering from ITESM University in Mexico City.
Mr. Hermida will continue to participate in the Company’s Annual Incentive Plan, 2021 Equity Incentive Plan and Amended and Restated 2023 Severance Plan for Executives, and, in connection with his promotion, received 4,562 restricted stock units, with terms consistent with the Company’s annual restricted stock unit award previously granted to Mr. Hermida. Mr. Hermida is also party to an Executive Officer and Director Indemnification Agreement with the Company, consistent with the Company’s form agreement.
Item 7.01.Regulation FD Disclosure
On December 5, 2023, the Company announced in a press release the promotion of E. Yuri Hermida to President. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
The information provided under this Item 7.01, including the accompanying press release, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. | Description of Exhibit | ||
99.1 | |||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |