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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 13, 2023
SWEETGREEN, INC.
(Exact name of Registrant as Specified in Its Charter)
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| Delaware | 001-41069 | 27-1159215 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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3102 36th Street Los Angeles, CA | 90018 |
| (Address of Principal Executive Offices) | (Zip Code) |
(323) 990-7040
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
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| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
| Class A Common Stock, $0.001 par value per share | | SG | | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On December 14, 2023, Sweetgreen, Inc. (the “Company”) announced that Jim McPhail, the Company’s Chief Development Officer, will no longer be with the Company, effective December 31, 2023.
In conjunction with Mr. McPhail’s departure, Timothy Noonan has been promoted to the position of Senior Vice President, Development, effective immediately. Mr. Noonan has served in a variety of roles at the Company since joining in May 2009, most recently serving as Vice President, Operations Strategy and Restaurant Concept Design. Mr. Noonan will assume the development responsibilities previously held by Mr. McPhail, including site selection, lease administration and construction and facilities management. Mr. Noonan will continue his prior responsibilities of restaurant concept design.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| SWEETGREEN, INC. |
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| Dated: December 14, 2023 | By: | /s/ Mitch Reback |
| | Mitch Reback |
| | Chief Financial Officer |