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| SVU > SEC Filings for SVU > Form 8-K on 13-Jul-2009 | All Recent SEC Filings |
13-Jul-2009
Change in Directors or Principal Officers, Amendments to Articles of Inc. or Bylaws
(b)Michael L. Jackson, President and Chief Operating Officer; President, Retail East and Kevin H. Tripp, Executive Vice President; President, Retail Midwest, both "named executive officers" of SUPERVALU INC. (the "Company") are retiring from the Company effective August 14, 2009. Craig R. Herkert, the Company's Chief Executive Officer, will assume the additional role of President.
(e) As part of the increase in responsibilities for Duncan Mac Naughton, Executive Vice President, Merchandising and Marketing, his base salary will increase from $500,000 to $550,000 per year.
On July 7, 2009, the Board of Directors of the Corporation approved the following amendments to the Corporation's Restated Bylaws, which were effective immediately.
One sentence from each of Section 5.05 (relating to the description of the President) and Section 5.07 (relating to the description of the Chief Operating Officer) was removed to remove the requirement that the President be the Chief Operating Officer of the Company and that the Chief Operating Officer be the President.
As amended, Section 5.05 of the Corporation's Restated Bylaws now states, "The President shall have such duties as may, from time to time be prescribed by the Board of Directors or be delegated by the Chief Executive Officer. In the absence of the Chairman of the Board and the Vice Chairman of the Board, or if a Chairman of the Board and Vice Chairman of the Board shall not have been elected, the President shall preside at all meetings of the directors."
As amended, Section 5.07 of the Corporation's Restated Bylaws now states, "The Chief Operating Officer shall be responsible for the daily operations of the Corporation's business and shall have such other authority and duties as the Board of Directors or the Chief Executive Officer may prescribe. The Chief Operating Officer shall report to the Chief Executive Officer if the Chief Executive Officer is not also serving as the Chief Operating Officer."
(d) Exhibits.
Exhibit Description of Exhibit
3.1 Restated Bylaws of SUPERVALU INC., as amended July 7, 2009
99.1 News Release of SUPERVALU INC., dated July 8, 2009
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