Sysco (NYSE: SYY) tech leader Tom Peck resigns for new industry role. Filing Impact (Moderate) Filing Sentiment Rhea-AI filing summary. Sysco Corporation reported that Tom Peck, its Executive Vice President and Chief Information and Digital Officer, has decided to resign from his position. His resignation is effective April 10, 2026. The company states that Mr. Peck is leaving to accept another opportunity in a different industry and that there were no disagreements between him and Sysco regarding operations, policies, or practices. This reflects a leadership change focused on the company's technology and digital functions rather than an operational dispute. 8-K event classification. Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Key figures. Resignation notice date: March 27, 2026 Resignation effective date: April 10, 2026 Company address: 1390 Enclave Parkway, Houston, TX 77077-2099 Key terms. Executive Vice President, Chief Information and Digital Officer, emerging growth company 04/02/2026 - 05:00 PM Faq. What leadership change did Sysco (SYY) disclose on March 27, 2026? Sysco disclosed that Tom Peck, Executive Vice President and Chief Information and Digital Officer, decided to resign. His departure affects leadership over technology and digital strategy but is described as amicable, with no disagreements over operations, policies, or practices. When is Sysco executive Tom Peck's resignation effective? Tom Peck's resignation from Sysco is effective April 10, 2026. The company notes he informed them of his decision on March 27, 2026, providing a brief transition window before his role as technology and digital leader ends. Why is Sysco's Chief Information and Digital Officer resigning? Sysco states that Tom Peck resigned to accept another opportunity in a different industry. The filing emphasizes that his decision was not due to disagreements with Sysco on its operations, policies, or practices, indicating a career move rather than internal conflict. Did Sysco report any disagreements with Tom Peck before his resignation? Sysco explicitly reports there were no disagreements with Tom Peck regarding operations, policies, or practices. This suggests his departure is not tied to disputes or controversy but rather to his decision to pursue another role outside the company's industry. What role did Tom Peck hold at Sysco before resigning? Before resigning, Tom Peck served as Executive Vice President, Chief Information and Digital Officer at Sysco. This position oversaw the company's information technology and digital initiatives, making his exit a notable change in leadership of Sysco's technology organization. Filing exhibits & attachments. 3 documents

Sysco to acquire Jetro Restaurant Depot in $29bn deal. Umesh Ellichipuram US-based foodservice distribution company Sysco has agreed to acquire catering supplier Jetro Restaurant Depot in a $29.1bn transaction. As agreed, Jetro Restaurant Depot shareholders will receive $21.6bn in cash proceeds and 91.5 million Sysco shares. Founded in 1976, Jetro Restaurant Depot is a wholesale cash-and-carry foodservice supplier catering primarily to small, independent restaurants and other small businesses. The company runs 166 large warehouse-style stores in 35 states, serving more than 725,000 independent restaurants and foodservice operators. The transaction will mark Sysco's entry into the cash-and-carry channel. Sysco CEO Kevin Hourican said: "Topforeignstocks is thrilled to combine two industry leaders to create a preeminent multichannel foodservice distribution platform. "Together, Sysco and Jetro Restaurant Depot will enhance value for small independent restaurants and the consumers they serve by expanding access to more affordable, fresh food products and delivering more choice and convenience." Sysco intends to cover the cash element of the purchase with $21bn of new debt and hybrid debt instruments. An additional $1bn is expected to come from a combination of existing cash, equity, or equity-linked securities. At closing, Sysco plans to issue shares representing around 19.1% of its outstanding stock to Jetro Restaurant Depot shareholders. Following completion, those shareholders are expected to own approximately 16% of Sysco's common equity. Jetro Restaurant Depot will operate as a separate business segment within Sysco once the acquisition is finalised. The existing leadership team is expected to stay in place under Richard Kirschner, who will report directly to Hourican. The company will continue to be based at its headquarters in Whitestone, New York. In connection with the deal, two current Jetro Restaurant Depot directors, Bradley Fried and Stanley Fleishman, will join Sysco's board of directors. Jetro Restaurant Depot executive chairman Stanley Fleishman said: "Today's announcement is an exciting moment for Jetro Restaurant Depot and a clear recognition of the strength of our business model, and the teams who have built it over the past 50 years." According to a Sysco statement, the combined business generated nearly $100bn in 2025 net revenue. Sysco expects the deal to be mid-to-high single-digit EPS accretive in year one and low-to-mid teens accretive in year two. Additionally, the merger is expected to deliver $250m in annualised net cost synergies within three years, primarily from procurement savings and inbound supply chain optimisation.

Sysco has announced a $29.1 billion acquisition of Jetro Restaurant Depot, a 166-store cash-and-carry warehouse chain spanning 35 US states. The deal comprises $21.6 billion in cash and 91.5 million Sysco shares, marking the company's largest acquisition. Jetro generated $1.9 billion in free cash flow on approximately $16 billion revenue last year. Unlike Sysco's traditional delivery model, Jetro operates warehouses where restaurant operators collect supplies themselves, reducing logistics complexity whilst maintaining profitability. Sysco is financing the cash portion with roughly $21 billion in debt, pushing leverage to 4.5 times. The company projects $250 million in annual cost synergies within three years, bringing the effective acquisition multiple from 14.6 times to 13.0 times operating income. Sysco shares fell following the announcement, with investors questioning the valuation despite understanding the strategic rationale.