Sysco Corporation filed a Form 8-K with the SEC on November 3, 2026, disclosing the permanent appointment of Brandon E. Sewell as Executive Vice President and Chief Financial Officer effective November 1, 2026, along with first-quarter fiscal year 2027 operating results.

Key Highlights

  • CFO appointment: Brandon E. Sewell was appointed Executive Vice President, Chief Financial Officer by the Board of Directors on October 30, 2026, effective November 1, 2026.
  • Interim role concluded: Sewell had served as Interim Chief Financial Officer since March 6, 2026, according to the filing.
  • Base salary: The Compensation and Leadership Development Committee approved an annual base salary of $775,000 for Sewell, effective November 1, 2026.
  • Annual incentive target: Sewell's target annual incentive opportunity was set at 125% of his annual base salary.
  • Long-term incentive target: His target long-term incentive award was set at 350% of his annual base salary.
  • One-time RSU award: A one-time restricted stock unit with a target grant date value of $500,000 was approved upon completion of his interim role.
  • Supplemental LTI award: A one-time supplemental fiscal year 2027 award of performance stock units and restricted stock units was approved with an aggregate target grant-date value of $1,000,000.

Sewell's Permanent CFO Role and Compensation at Sysco

According to the filing, Sysco's Board of Directors formally appointed Brandon E. Sewell as Executive Vice President and Chief Financial Officer on October 30, 2026, with an effective date of November 1, 2026. Sewell had previously held the interim version of the same role since March 6, 2026, as disclosed in a prior Form 8-K filed on March 5, 2026. The filing notes that information required by Items 401(b), (d), and (e) of Regulation S-K regarding Sewell was previously reported in the company's Annual Report on Form 10-K for the fiscal year ended June 27, 2026, filed August 21, 2026.

The Compensation and Leadership Development Committee of the Board approved Sewell's compensation package on November 1, 2026. The filing specifies an annual base salary of $775,000, a target annual incentive of 125% of that base salary, and a target long-term incentive award of 350% of base salary. In addition to these recurring elements, the committee approved a one-time restricted stock unit award with a target grant date value of $500,000, tied to the completion of his interim role, and a one-time supplemental fiscal year 2027 long-term incentive award comprising performance stock units and restricted stock units with an aggregate target grant-date value of $1,000,000. The filing clarifies that this supplemental award is "supplemental to, and not in lieu of, previous LTI awards granted during 2027."

The filing also discloses, under Item 2.02, that Sysco issued a press release on November 3, 2026, announcing results of operations and financial condition for its first quarter of fiscal year 2027, which ended September 26, 2026. That press release is attached as Exhibit 99.1. The filing notes that the Item 2.02 information is being furnished, not filed, and will not be incorporated by reference into any Securities Act registration statement unless specifically identified. Sysco's common stock, $1.00 par value, trades on the NYSE:SYY.

What Was Disclosed

Sysco's November 3, 2026 Form 8-K reported Brandon E. Sewell's permanent appointment as Executive Vice President and CFO effective November 1, 2026, detailed his approved compensation terms, and referenced a press release covering first-quarter fiscal year 2027 financial results for the period ended September 26, 2026.