Current Report · Items 5.02, 7.01, 9.01 · 8-K
KROGER CO
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 8, 2026, the Board of Directors (the “Board”) of The Kroger Co. (the “Company”) appointed Gregory S. Foran, 64, Chief Executive Officer (“CEO”), effective as of February 10, 2026. Mr.…
Filed Feb 9, 2026Accepted Feb 9, 2026, 4:06 PM ESTCIK 56873Accession 0001104659-26-012061
Company context
The Kroger Co. (NYSE: KR) is one of America's largest retailers, serving more than 11 million customers daily through a digital shopping experience and retail food stores under a variety of banner names. With more than 400,000 associates across our family of companies, Kroger is committed to providing America with affordable, great-tasting food and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site.
Current securities
Registered securities in this filing
Kroger Co. · 8-K · Filed 2026-02-09
As filed in this accession. Current/historical status below comes from the governed listing record; the cover itself remains exact to this filing.
Common Stock, $1.00 par value per share
- Exchange
- NYSE
- Classification
- COMMON
- Status
- Current
Filing context
Context: AsOf2026-02-04
Dimensions: Not supplied
Accession 000110465926012061 · 1 registered-security cover member
Read the exact SEC filing ↗Disclosure sections
Items 5.02, 7.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 8, 2026, the Board of Directors (the “Board”)
of The Kroger Co. (the “Company”) appointed Gregory S. Foran, 64, Chief Executive Officer (“CEO”), effective
as of February 10, 2026. Mr. Foran was also appointed as a member of the Board, effective as of February 10, 2026.
Mr. Foran previously served as the Chief Executive Officer of Air New
Zealand Limited from February 2020 until October 2025. Prior to joining Air New Zealand, Mr. Foran had been at Walmart since October 2011,
including serving as Executive Vice President, President and Chief Executive Officer, Walmart U.S. from August 2014 until January 2020,
as President and Chief Executive Officer for the Walmart Asia region from May 2014 to August 2014, and as President and Chief Executive
Officer of Walmart China from March 2012 to May 2014.
In connection with and contingent upon Mr. Foran’s appointment
by the Board as CEO, the Company has entered into an offer letter with Mr. Foran (the “Offer Letter”). Under the Offer Letter,
Mr. Foran will be entitled to the following CEO compensation and benefits: (1) base salary at a rate of $1,500,000 per year; (2) participation
starting in 2026 in the Company’s annual cash incentive plan awards, with an annual target award opportunity equal to 200% of base
salary that can be earned from 0% to 200% of target based on actual performance; (3) subject to approval by the Compensation Committee
of the Board, participation in the Company’s long-term incentive compensation program and equity awards, starting with a standard
grant in March 2026 with an annual target award opportunity equal to $12,000,000 (currently anticipated to be a mix of 20% in time-based
stock options, 30% in time-based restricted shares, and 50% in performance units); (4) standard participation in the Company’s health,
welfare, benefits and retirement programs for executives; (5) five weeks of paid vacation annually; and (6) eligibility for personal use
of Company-provided aircraft for up to $200,000 per year and an automobile allowance (or comparable car service) for three months (without
reimbursement for related taxes).
In addition, to align Mr. Foran’s service with prior incentive
awards, the Offer Letter provides that Mr. Foran will receive in March 2026 a special grant of performance units for each of the
ongoing 2024-2026 and 2025-2027 long-term incentive compensation program cycles. The number of target performance units for each cycle’s
grant will be based on $1,000,000 divided by the grant date closing stock price, and then divided by a percentage reflective of the current
projected cycle performance, and earned during the remaining performance period for each cycle based on actual performance. The
special grant is subject to the other terms and conditions provided for such grants under the applicable award agreements. The Offer Letter
also provides that Mr. Foran will receive expatriate benefits, including up to $250,000 per year for two years to cover personal housing
expenses and New Zealand healthcare and financial and tax planning costs, up to $50,000 per year after that to further cover New Zealand
healthcare, financial and tax planning costs, and up to $50,000 in a post-employment payment for further tax planning services (without
reimbursement for related taxes).
During employment, Mr. Foran will participate in the Company’s
standard employee severance benefit plan relating to any change in control of the Company, which plan generally provides for the following
benefits upon a qualifying termination of employment relating to a change in control of the Company: (1) cash severance equal to two times
the sum of his base salary plus his target annual cash incentive award opportunity; (2) payment of any accrued but unpaid vacation and
banked vacation; (3) continued health coverage for up to 24 months and continued group term life insurance coverage for up to 6 months;
and (4) up to $10,000 in outplacement reimbursement benefits. These benefits will be reduced to ensure that none are subject to any change
in control excise tax under the U.S. tax code (or will be made in full, subject to the excise tax, depending on which approach puts Mr.
Foran in the best after-tax position). As part of his hiring process, Mr. Foran will participate in the Company’s standard executive
relocation program, including one month of base salary to cover miscellaneous relocation expenses (certain relocation expenses may be
subject to reimbursement for taxes).
Mr. Foran will be covered during his executive service by the Company’s
standard stock ownership guidelines for executives at a level equal to six times his base salary with an initial compliance period of
five years, and is expected to enter into the Company’s standard indemnification agreement for executive officers. Compensation
and benefits provided to Mr. Foran will be subject to application of the Company’s compensation clawback policies as in effect from
time to time, as applicable.
There are no family relationships, or arrangements or understandings
between Mr. Foran and any other person pursuant to which he was appointed Chief Executive Officer. Mr. Foran has not engaged in any transaction
with the Company during the last fiscal year, and he does not propose to engage in any transaction, that would be reportable under Item
404(a) of Regulation S-K.
Ronald Sargent, the Company’s current interim Chief Executive
Officer and Chairman of the Board, will continue to serve as Chairman of the Board. Mr. Sargent will continue to receive his current annual
salary in his role as Chairman of the Board. Mr. Sargent will continue to act as the Company’s principal executive officer through
the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2026, after which Mr. Foran will assume
such role.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On February 9, 2026, Kroger issued a press release regarding the matters
described in Item 5.02 of this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit 99.1.
The information in Item 7.01 of this Current Report on Form 8-K and
Exhibit 99.1 attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise be subject to liability under that section, nor shall it be deemed incorporated by reference in
any filing under the Securities Act of 1933, as amended, except as expressly set forth therein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release of The Kroger Co.
104 Cover Page Interactive Data File (embedded within the Inline
XBRL document)
Filed exhibits (1)
EX-99.1 (by filename) tm265602d1_ex99-1.htmExhibit 99.1
Kroger Appoints Greg Foran as Chief Executive
Officer
Accomplished Food Retail Leader Brings Strong
Experience as Company Advances Its Growth Strategy
Ron Sargent Continues as Chairman of Kroger’s
Board of Directors
CINCINNATI,
Ohio (February 9, 2026) - The Kroger Co. (NYSE: KR) today announced its Board of Directors appointed Greg Foran
as Chief Executive Officer, effective immediately. Foran will also join Kroger’s Board of Directors and succeeds Ron Sargent, who
served as interim CEO since March 2025. This announcement follows an extensive search process conducted by the Board to identify
an innovative retail leader with a strong track record of execution at scale.
“Greg is a highly respected operator who knows how to run large-scale
retail businesses, strengthen store execution, and lead high-performing teams,” said Sargent. “His leadership style, focus
on the customer, commitment to associates, and disciplined approach to execution are the perfect fit for Kroger. The Board is confident
Greg is the right leader to guide Kroger into its next chapter.”
Foran brings over 40 years of experience leading large, complex consumer
businesses through periods of transfo…
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