8-K

 

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): November 26, 2012

Nash-Finch Company

(Exact name of Registrant as specified in its charter)

Delaware	0-785	41-0431960
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

7600 France Avenue South, Minneapolis, Minnesota	55435
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (952) 832-0534

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of theregistrant under any of the following provisions (see General Instruction A.2. below):

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 5.02         Appointment of Certain Officers.

Kevin Elliott has been appointed as the Company’s Executive Vice President, President & Chief Operating Officer – Nash Finch Wholesale/Retail.  Mr. Elliott, age 46, who served as Senior Vice President of Merchandising, Logistics and Marketing at Seven Eleven Inc. (“7-Eleven”), joined the Company on November 26, 2012.  Mr. Elliott worked at 7-Eleven from 2001 to 2010 and was responsible for overseeing the corporate store and franchise operations, as well as their national distribution network comprised of 26 distribution centers.  Mr. Elliott led many sales growth initiatives for the organization, while maintaining a steady increase of consecutive, annual same-store sales for eight years.  Mr. Elliott has worked as a consultant with a focus on retail/distribution since leaving 7-Eleven.

As President and COO of Nash Finch Wholesale/Retail, Mr. Elliott will be responsible for the Company’s food distribution business and corporate retail operations, reporting to Alec C. Covington, President and Chief Executive Officer of Nash Finch.

The Company will pay Mr. Elliott a base salary of $500,000 per annum and he will also be eligible to participate in the Company’s 2013 Executive Incentive Plan, with a target incentive amount equal to 70% of his base pay (and a payout anywhere between zero and 150% of target). Mr. Elliott will also be eligible to participate in the Company’s 2013 Long Term Incentive Plan, with a payout between zero and 200% of target, with final payout, if any, dependent on actual performance. In the event of termination of Mr. Elliott's employment, other than for cause or for a change of control, he would receive a severance equal to 24 months of base salary, payable over a 24 month period, commencing six months and a day after separation. Mr. Elliott will also receive certain other benefits, such as a change of control agreement, and has agreed to a two year non-compete agreement.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly causedthis report to be signed on its behalf by the undersigned hereunto duly authorized.

	NASH-FINCH COMPANY
Date: November 29, 2012	By:	/s/ Kathleen M. Mahoney
		Name:	Kathleen M. Mahoney
		Title:	Executive Vice President, General Counsel and Secretary

 

NASH-FINCH COMPANY

EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K

Exhibit No.	Description
99.1	Press Release issued by the registrant, dated November 29, 2012

EX-99

 

KEVIN ELLIOTT JOINS NASH FINCH COMPANY AS EXECUTIVE VICE PRESIDENT, PRESIDENT AND CHIEF OPERATING OFFICER – NASH FINCH WHOLESALE/RETAIL

MINNEAPOLIS (November 29, 2012) – Nash Finch Company (Nasdaq: NAFC), a Minneapolis-based food distributor, announced that Kevin Elliott has been appointed as the Company’s Executive Vice President, President & Chief Operating Officer - Nash Finch Wholesale/Retail.  Mr. Elliott, age 46, who previously served as Senior Vice President of Merchandising, Logistics and Marketing at Seven Eleven Inc. (“7-Eleven”), joined the Company Monday November 26, 2012.

Mr. Elliott worked at 7-Eleven from 2001 to 2010, and where he was responsible for overseeing the corporate store and franchise operations as well as their national distribution network comprised of 26 distribution centers.  Mr. Elliott led many sales growth initiatives for the organization, and maintained a steady increase of consecutive, annual same-store sales for 8 years while maintaining strong margins.  Mr. Elliott has worked as a consultant with a focus on retail/distribution since leaving 7-Eleven. 

As President and COO – Nash Finch Wholesale/Retail, Mr. Elliott will be responsible for the Company’s food distribution and corporate retail operations reporting to Alec C. Covington, President and Chief Executive Officer of Nash Finch Company.  Mr. Elliott’s top priority will be leading the Company’s sales-growth strategy, building upon the Company’s customer/consumer focused approach to serving independent retailers and its quality execution.  Mr. Elliott will also focus on strengthening the performance of the Company’s corporate retail banners. 

“Kevin Elliott brings extensive experience in driving top line growth which will serve us well in this economic environment," said Alec Covington.  "We have positioned ourselves for growth with the impressive programs we have built to serve our independent retailers including our private label and category management programs.   Kevin’s unique blend of distribution and retail experience makes him well suited to run our food distribution and retail businesses.  We are excited to have Kevin join our team, ” concluded Covington.

 

Nash-Finch is a Fortune 500 company and one of the leading food distribution companies in the United States. Nash-Finch's core business, food distribution, serves independent retailers and military commissaries in 36 states, the District of Columbia, Europe, Cuba, Puerto Rico, the Azores, Egypt and Bahrain. The Company also owns and operates a base of retail stores, primarily supermarkets under the Econofoods®, Family Thrift Center®, AVANZA®, Family Fresh Market®, No Frills®, Bag ‘N Save® and Sun Mart® trade names. Further information is available on the Company's website, www.nashfinch.com. 

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CONTACT:  Maria Gallegos 952-844-1223