ACI 8-K
Albertsons Companies, Inc. (ACI)
8-K
2026-09-30
For: 2026-09-30
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September 30, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Charter)
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(208 ) 395-6200
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
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Securities registered pursuant to Section 12(b) of the Act:
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| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | ||||||||
| Emerging growth company | ||||||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ | |||||||
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | |||||||
Appointment of Directors
On September 30, 2026, the Board of Directors (the “Board”) of Albertsons Companies, Inc. (the “Company”) announced the appointments, effective October 14, 2026, of William P. Boltz, Chris Drumgoole and Margaret M. Ham for the term expiring at the Company’s 2027 annual meeting of stockholders or until his or her successor is duly elected and qualified. In connection with the appointments, the Board will expand from 11 to 14 directors. Committee appointments will be made at a future meeting of the Board.
The Board has determined that each of Ms. Ham and Messrs. Boltz and Drumgoole is independent under the corporate governance rules of the New York Stock Exchange. There are no arrangements or understanding between any of Ms. Ham or Messrs. Boltz and Drumgoole and any other person pursuant to which each of them was selected as a director, nor are there any family relationships between any of Ms. Ham or Messrs. Boltz and Drumgoole and any director or executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer. Ms. Ham and Messrs. Boltz and Drumgoole are not party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K. They will receive the non-management director compensation as disclosed in the Company's proxy statement for the 2026 annual meeting of stockholders, filed on June 22, 2026, pro-rated for their year of service.
William P. Boltz
Mr. Boltz currently serves as Executive Vice President of Merchandising for Lowe's Companies, where he oversees merchandising, global sourcing, private brands, product development and omnichannel strategy across more than 1,700 stores and digital platforms. During his career spanning more than four decades, he has held senior leadership roles at Lowe's, The Home Depot, Sears and Chevron North America. Mr. Boltz has extensive experience leading large-scale retail transformation, supply chain modernization, vendor management, marketing and merchandising strategy. His experience helping drive enterprise performance in highly competitive retail environments will bring valuable insight to Albertsons as the company advances its omnichannel and operational capabilities.
Chris Drumgoole
Mr. Drumgoole serves as Chief Operating Officer of Aligned Data Centers, where he leads operations, platform delivery and technology. Previously, he was President of Global Infrastructure Services at DXC Technology, where he led the company's largest business unit, operating, modernizing and securing mission-critical infrastructure for global enterprises and government organizations, and served as the Chief Information Officer at General Electric. Throughout his career, Drumgoole has led large-scale global technology organizations, digital transformation initiatives, cybersecurity programs and AI-driven innovation efforts. His deep expertise in technology, cloud infrastructure, cybersecurity, data and operational transformation will help Albertsons continue modernizing its technology ecosystem and leveraging AI to accelerate the business.
Meg Ham
Ms. Ham is a seasoned grocery executive who most recently served as President of Food Lion, a $22 billion grocery business with more than 1,100 stores. During her tenure, she led one of the grocery industry's most successful turnarounds, delivering 50 consecutive quarters of comparable-store sales growth while strengthening customer loyalty, market share and brand equity. She also led merchandising strategy, supply chain optimization and omnichannel development and currently serves on the board of Tractor Supply Company. Ham brings more than 35 years of grocery retail experience and a proven ability to drive operational excellence, customer-focused innovation and culture transformation. Her perspective will be especially valuable as Albertsons continues to enhance its customer experience and strengthen its position as a leading food and drug retailer.
A copy of the press release announcing these updates is attached to this report as Exhibit 99.1 and is incorporated by reference herein.
Appointment of Interim Chief Financial Officer
In connection with the previously announced retirement of Sharon McCollam as President and Chief Financial Officer, the Company’s Board of Directors appointed Cody Perdue, Senior Vice President of Treasury, Investor Relations and Risk Management, to serve as the Company’s Interim Chief Financial Officer, effective today. As previously announced, Ms. McCollam will continue in an advisory role through the end of the fiscal year to assist with the transition.
Mr. Perdue, age 43, has served as our Senior Vice President of Treasury, Investor Relations and Risk Management since May 2025 and recently expanded his role to include oversight of a broader set of corporate finance functions. Mr. Perdue joined the Company in 2013 as Corporate Finance Manager and has served as Director of Corporate Accounting, Vice President, Finance and Investor Relations and Group Vice President of Treasury and Investor Relations. In connection with his appointment, Mr. Perdue will receive, in addition to his normal compensation, a stipend during his period of service as the Interim Chief Financial Officer at the annual rate of $350,000 which will be paid in accordance with the Company’s regular payroll practices. In addition, he will be covered by the severance terms applicable to executive officers as described in the Company’s proxy statement for the 2026 annual meeting of stockholders, filed on June 22, 2026.
There are no family relationships between Mr. Perdue and any director or executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer. Mr. Perdue is not party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K.
A copy of the press release announcing these updates is attached to this report as Exhibit 99.2 and is incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits. | |||||||
(d) Exhibits. The following exhibits are being filed herewith:
| 99.1 | ||||||||
| 99.2 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Albertsons Companies, Inc. | ||||||||
| (Registrant) | ||||||||
| September 30, 2026 | By: | /s/ Thomas Moriarty | ||||||
| Name: | Thomas Moriarty | |||||||
| Title: | Executive Vice President, M&A and Corporate Affairs | |||||||
Exhibit 99.1
Albertsons® Companies, Inc. Appoints Bill Boltz, Chris Drumgoole and Meg Ham to Board of Directors
New directors bring deep expertise across retail merchandising, operations, technology and large-scale transformations to support the company's long-term growth strategy
BOISE, Idaho – September 30, 2026 – Albertsons® Companies, Inc. (NYSE: ACI) today announced the appointment of Bill Boltz, Chris Drumgoole and Meg Ham to the company’s Board of Directors effective Oct. 14, 2026. The three new directors are seasoned executives with deep expertise in retail merchandising, operations, technology and large-scale enterprise transformations. These appointments reflect the board’s commitment to advancing Albertsons’ growth strategy, strengthening execution and delivering long-term value to customers, associates, communities and shareholders. Following the recent appointment of Meg Whitman as Executive Chair, the board will expand from 11 to 14 members.
"This is an important time for Albertsons, and the appointment of Bill, Chris and Meg to the board demonstrates our commitment to support the company's strategic priorities and position Albertsons for continued success," said Whitman. "Together, these leaders bring a powerful combination of retail, merchandising and technology expertise that will be invaluable to the company’s success."
"Albertsons is operating in an increasingly dynamic retail environment, and Bill, Chris and Meg bring expertise to our board that will help me and my team strengthen the business and serve customers," said Susan Morris, CEO of Albertsons Companies. "Bill's expertise in merchandising and omnichannel retail, Chris' deep technology and AI capabilities and Meg's decades of grocery leadership and customer-focused transformation will be instrumental as we continue building a better, more agile company."
Bill Boltz Biography
Boltz currently serves as Executive Vice President of Merchandising for Lowe's Companies, where he oversees merchandising, global sourcing, private brands, product development and omnichannel strategy across more than 1,700 stores and digital platforms. During his career spanning more than four decades, he has held senior leadership roles at Lowe's, The Home Depot, Sears and Chevron North America. Boltz has extensive experience leading large-scale retail transformation, supply chain modernization, vendor management, marketing and merchandising strategy. His experience helping drive enterprise performance in highly competitive retail environments will bring valuable insight to Albertsons as the company advances its omnichannel and operational capabilities.
"I am honored to join Albertsons' Board of Directors and look forward to working with Meg, Susan, my fellow directors and the management team as the company strives to compete more effectively," said Boltz.
Chris Drumgoole Biography
Drumgoole serves as Chief Operating Officer of Aligned Data Centers, where he leads operations, platform delivery and technology. Previously, he was President of Global Infrastructure Services at DXC Technology, where he led the company's largest business unit, operating, modernizing and securing mission-critical infrastructure for global enterprises and government organizations, and served as the Chief Information Officer at General Electric. Throughout his career, Drumgoole has led large-scale global technology organizations, digital transformation initiatives, cybersecurity programs and AI-driven innovation efforts. His deep expertise in technology, cloud infrastructure, cybersecurity, data and operational transformation will help Albertsons continue modernizing its technology ecosystem and leveraging AI to accelerate the business.
"Albertsons has a strong reputation for serving customers and communities while embracing innovation. I am excited to contribute my experience in technology, operations and digital transformation to support the company's long-term growth strategy," said Drumgoole.
Meg Ham Biography
Ham is a seasoned grocery executive who most recently served as President of Food Lion, a $22 billion grocery business with more than 1,100 stores. During her tenure, she led one of the grocery industry's most successful turnarounds, delivering 50 consecutive quarters of comparable-store sales growth while strengthening customer loyalty, market share and brand equity. She also led merchandising strategy, supply chain optimization and omnichannel development and currently serves on the board of Tractor Supply Company. Ham brings more than 35 years of grocery retail experience and a proven ability to drive operational excellence, customer-focused innovation and culture transformation. Her perspective will be especially valuable as Albertsons continues to enhance its customer experience and strengthen its position as a leading food and drug retailer.
"Albertsons is an iconic retailer with a talented leadership team and a customer-first culture. I look forward to helping the company continue advancing its operational excellence, customer experience and growth initiatives," said Ham.
Important Notice Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the federal securities laws. The "forward-looking statements" include our current expectations, assumptions, perspectives and projections about our business and our industry. You can identify forward-looking statements by the use of words such as "outlook," "may," "should," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future" and "intends" and similar expressions which are intended to identify forward-looking statements. The forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties which are beyond our control and difficult to predict and could cause actual results to differ materially from the results expressed or implied by the statements. In evaluating our forward-looking statements, you should carefully consider the risks and uncertainties more fully described in the “Risk Factors” section or other sections in our reports filed with the SEC including the most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K and available at the SEC’s website at www.sec.gov.
About Albertsons Companies
Albertsons Companies is a leading food and drug retailer in the United States. As of June 20, 2026, the Company operated 2,240 retail stores with 1,708 in-store pharmacies, 408 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 35 states and the District of Columbia under 22 well known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2025, along with the Albertsons Companies Foundation, the Company contributed $497 million in food and financial support, including $56 million through its Nourishing Neighbors Program, to ensure those living in its communities and those impacted by disasters have enough to eat.
Albertsons, Safeway, Vons, Jewel-Osco, Tom Thumb, Randalls, United Supermarkets, Pavilions, Haggen and Balducci's Food Lovers Market are registered trademarks of Albertsons Companies Inc. or its subsidiaries. ACME, Carrs, Kings Food Markets, Shaw's, and Star Market are trademarks of Albertsons Companies Inc. or its subsidiaries. Albertsons associated logos, product names and services are trademarks of Albertsons Companies, Inc. All other trademarks are the property of their respective owners.
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Exhibit 99.2
Albertsons® Companies, Inc. Names Cody Perdue Interim Chief Financial Officer
Longtime Albertsons finance leader brings extensive experience across treasury, investor relations, financial reporting and risk management
BOISE, Idaho – September 30, 2026 – Albertsons® Companies, Inc. (NYSE: ACI) today announced that its Board of Directors has appointed Cody Perdue as Interim Chief Financial Officer, effective today. Perdue currently serves as Senior Vice President of Treasury, Investor Relations and Risk Management and will continue to oversee those functions while serving in the interim role.
Perdue succeeds Sharon McCollam, who previously announced her plans to retire as President and Chief Financial Officer. McCollam will remain with the company in an advisory capacity through the end of the fiscal year on Feb. 27, 2027, to support a seamless transition. The company’s search for a permanent Chief Financial Officer is underway.
“Cody is a highly respected finance leader with a deep understanding of Albertsons and a strong record of helping guide our financial strategy,” said Susan Morris, CEO of Albertsons Companies. “His experience across treasury, investor relations, financial reporting and risk management, together with the relationships he has built throughout the organization and with the investment community, make him well suited to lead the finance function during this transition.
“Cody has been my right hand and a trusted partner to the entire leadership team,” said McCollam. “Throughout his career at Albertsons, he has been at the center of the company’s most significant strategic and financial transactions. He is a disciplined and thoughtful financial leader with excellent judgment, and I look forward to working with him to ensure a seamless transition.”
Perdue joined Albertsons in 2013 and has served as Senior Vice President of Treasury, Investor Relations and Risk Management since 2025. Prior to this position, Perdue served as Group Vice President of Treasury and Investor Relations along with several finance and accounting leadership roles of increasing responsibility. Before joining Albertsons, Perdue worked at Deloitte and Touche LLP. He earned a Master of Science in Accountancy from the University of Notre Dame and a Bachelor of Business Administration in Accounting from Boise State University.
Important Notice Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the federal securities laws. The forward-looking statements include our current expectations, assumptions, perspectives and projections about our business and our industry. You can identify forward-looking statements by the use of words such as “outlook,” “may,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future” and “intends,” and similar expressions intended to identify forward-looking statements. The forward-looking statements are based on the company’s current expectations and involve risks and uncertainties that are beyond our control and difficult to predict and could cause actual results to differ materially from the results expressed or implied by the statements. In evaluating our forward-looking statements, you should carefully consider the risks and uncertainties more fully described in the “Risk Factors” section and other sections of our reports filed with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
About Albertsons Companies
Albertsons Companies is a leading food and drug retailer in the United States. As of June 20, 2026, the company operated 2,240 retail stores with 1,708 in-store pharmacies, 408 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The company operates stores across 35 states and the District of Columbia under 22 well-known banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci’s Food Lovers Market. The company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2025, along with the Albertsons Companies Foundation, the company contributed $497 million in food and financial support, including $56 million through its Nourishing Neighbors program, to help ensure those living in its communities and those affected by disasters have enough to eat.
Albertsons, Safeway, Vons, Jewel-Osco, Tom Thumb, Randalls, United Supermarkets, Pavilions, Haggen and Balducci’s Food Lovers Market are registered trademarks of Albertsons Companies, Inc. or its subsidiaries. ACME, Carrs, Kings Food Markets, Shaw’s and Star Market are trademarks of Albertsons Companies, Inc. or its subsidiaries. Albertsons-associated logos, product names and services are trademarks of Albertsons Companies, Inc. All other trademarks are the property of their respective owners.
Contacts