Sweetgreen, Inc 8-K, filed Dec 6, 2022
Sweetgreen, Inc. (SG)
8-K
2022-12-06
For: 2022-12-06
View Original
Added on
April 08, 2026
About this 8-K
Sweetgreen, Inc filed this 8-K on December 6, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
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): December 6, 2022
(Exact name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||||||||
(323 ) 990-7040
(Registrant's Telephone Number, Including Area Code)
| 3101 W. Exposition Blvd. | Los Angeles, | CA | 90018 | ||||||||
(Former Name or Former Address, if Changed Since Last Report)
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 (see General Instructions A.2. below):
| 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) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
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 x
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. o
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 5, 2022, Chris Carr, Chief Operating Officer of Sweetgreen, Inc. (the “Company”), resigned from his position as Chief Operating Officer, effective as of December 31, 2022. From January 1, 2023 through the end of the first quarter of 2023, Mr. Carr will stay on in an advisory capacity.
In connection with Mr. Carr’s resignation, the Company has promoted Stephanie Traut to the role of Senior Vice President, Operations, effective January 1, 2023. Previously, Ms. Traut served as the Company’s Vice President, Operations since August 2021.
Item 7.01 Regulation FD Disclosure.
On December 6, 2022, the Company issued a press release announcing Mr. Carr’s resignation and Ms. Traut’s appointment as discussed in Item 5.02 herein. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in this Item 7.01 and the attached Exhibit 99.1 to this Current Report on Form 8-K is furnished herewith and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits
(d)Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SWEETGREEN, INC. | ||||||||
| Dated: December 6, 2022 | By: | /s/ Mitch Reback | ||||||
| Mitch Reback | ||||||||
| Chief Financial Officer | ||||||||
Sweetgreen, Inc. Announces
Change to the Executive Leadership Team
LOS ANGELES, CA (December 6, 2022) - Today, sweetgreen, announces that Chris Carr, Chief Operating Officer ("COO"), will be departing the Company for personal reasons on March 17, 2023. In the first quarter of 2023, Chris will stay on in an advisory capacity. Effective January 1, 2023, Stephanie Traut, SVP of Operations, will oversee Operations reporting directly to Jonathan Neman.
Jonathan Neman, Co-Founder and Chief Executive Officer, shared, “Chris has been a valued member of the sweetgreen leadership team and I’m grateful for the contributions he has made. Chris joined the company at the height of the pandemic and helped us navigate a challenging and uncertain operating environment. He led the simplification of our operations and laid the foundation for scale as we enter our next phase of growth. On behalf of the Board of Directors and the company, I would like to thank him for the positive impact he has had on sweetgreen and wish him every success in his future endeavors."
Chris Carr, COO, said, "As I reflect on my time with sweetgreen, I’m immensely proud of the work we’ve done together. We have an incredible team of leaders who are dedicated to our mission of connecting people to real food. The strength of the team gives me confidence in my personal decision. In addition to being a continued loyal customer, I look forward to watching sweetgreen’s continued growth.”
Traut joined sweetgreen in August 2021 bringing over 20 years of operational leadership. Prior to joining sweetgreen, Stephanie served as Chief Operating Officer of Vasa Fitness. Stephanie also served in a variety of roles at Starbucks for nearly 8 years, including as Vice President Licensed Stores - Southwest, Vice President Workforce Management, and Director of Labor and Deployment.
“Stephanie came to sweetgreen with deep operational expertise in the restaurant space. In her time here, she has proven herself as a respected and effective hands-on leader. I am confident that Stephanie will continue to raise the bar and give our guests and team members an exceptional experience,” said Neman.
About sweetgreen:
sweetgreen (NYSE: SG) passionately believes that real food should be convenient and accessible to everyone. Every day their team members create plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing. Sweetgreen strongly believes in harnessing the power of technology to enhance the customer experience to meet their customers where they are. Sweetgreen’s strong food ethos and investment in local communities have enabled them to grow into a national brand with a mission to build healthier communities by connecting people to real food. To learn more about sweetgreen and its menu, visit www.sweetgreen.com. Follow sweetgreen on Instagram, Facebook and Twitter @sweetgreen.
sweetgreen Contact, Investor Relations: Rebecca Nounou ir@sweetgreen.com
sweetgreen Contact, Media: Maude Michel press@sweetgreen.com
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