Short answer
Sweetgreen, Inc. (SG) filed an 8-K current report with the SEC on August 31, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Executive severance plan adopted August 27, 2026, covering CEO Jonathan Neman, CCO Nicolas Jammet, CFO Jamie McConnell, and COO Jason Cochran.
Sweetgreen, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Executive severance plan adopted August 27, 2026, covering CEO Jonathan Neman, CCO Nicolas Jammet, CFO Jamie McConnell, and COO Jason Cochran
- Change-in-control termination benefits: 1.5x salary for Tier I and 1x for Tier II executives
- Change-in-control benefits include prorated target bonus, 18 or 12 months’ COBRA, and accelerated equity vesting
- Non-change-in-control severance: 1x salary for Tier I and 0.5x for Tier II executives
- Plan increases potential acquisition-related costs and may support executive retention during strategic change periods
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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