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Albertsons Companies, Inc. 8-K Analysis & Summary – 2/21/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Albertsons Companies, Inc.

Filing date:

02/21/2025

TLDR:

Stephen Feinberg resigned from Albertsons Companies, Inc.’s Board of Directors, and Frank Bruno was appointed as a member of the Board.

ELI5:

A person on the board of directors left, and another person replaced them. This change was made by a company called Cerberus.

Accession #:

0001646972-25-000022

Published on

Analyst Summary

  • Stephen Feinberg resigned from the Board of Directors on February 21, 2025.
  • Frank Bruno was appointed as a member of the Board, effective February 21, 2025.
  • Mr. Bruno was designated to the Board by Cerberus Capital Management, L.P. (CCM).
  • Mr. Bruno is the Co-Chief Executive Officer and Senior Managing Director of CCM.
  • Cerberus holds 151,818,680 shares of Class A common stock of the Company.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️