Andrew Iacobucci served as the Interim Chief Executive Officer of US Foods from May 2022 until January 2023. He has a solid background in commercial operations and has held several key positions at US Foods, including Executive Vice President and...

Number of Employees

30K

Year

2022

Total Compensation

$2.39M

Salary

$900.00K

Board Justification

The compensation philosophy emphasizes performance and retention-based compensation opportunities designed to incentivize executive officers to execute the company's long-range plan and increase long-term stockholder value.

Bonus

$1.49M

Board Justification

The bonus was based on the company's performance against the annual incentive plan (AIP) goals, with a target percentage of 150% applied to eligible earnings.

Other

$0.00

Board Justification

No additional compensation was reported for Mr. Iacobucci in 2022.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2022 as Mr. Iacobucci forfeited his awards upon leaving the company.

Performance Metrics

The performance metrics for the AIP included Adjusted EBITDA and Distribution Cost Per Case.

SEC Filing

From April 5, 2023