11-K 1 a202311k.htm 11-K Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________
FORM 11-K
____________________________

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2023
OR

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                     to                      .
Commission File Number 001-33268

____________________________



A.Full title of the plan and address of the plan, if different from that of the issuer named below:
Central Garden & Pet Company Investment Growth Plan

B.Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
CENTRAL GARDEN & PET COMPANY
1340 Treat Blvd., Suite 600
Walnut Creek, California 94597


1

REQUIRED INFORMATION

2

Report of Independent Registered Public Accounting Firm

To the Benefits Administrative Committee, Plan Administrator and Participants of
Central Garden & Pet Company Investment Growth Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of the Central Garden & Pet Investment Growth Plan (the “Plan”) as of December 31, 2023, and 2022, the related statement of changes in net assets available for benefits for the year ended December 31, 2023, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2023, and 2022, and the changes in net assets available for benefits for the year ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Opinion on the Supplemental Information

The supplemental information included in Schedule H, Line 4(a) – Schedule of Delinquent Participant Contributions for the year ended December 31, 2023, and Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year) as of December 31, 2023, have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedules, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedules is fairly stated, in all material respects, in relation to the financial statements as a whole.


/s/ Moss Adams LLP

Seattle, Washington
June 20, 2024

We have served as the Plan’s auditor since 2013.

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CENTRAL GARDEN & PET COMPANY INVESTMENT GROWTH PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 2023 and 2022

20232022
ASSETS
Investments at fair value
$350,164,096 $298,550,639 
Investments at contract value
53,657,336 65,028,200 
Total investments
403,821,432 363,578,839 
Receivables
Notes receivable from participants
4,188,129 4,100,684 
Employer contributions receivable
745,547 1,734,811 
Participants contributions receivable
148,832 163,121 
Total receivables
5,082,508 5,998,616 
Total assets
408,903,940 369,577,455 
LIABILITIES
Excess contributions payable
311,261 — 
Total liabilities
311,261 — 
NET ASSETS AVAILABLE FOR BENEFITS
$408,592,679 $369,577,455 
The accompanying notes are an integral part of these financial statements
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CENTRAL GARDEN & PET COMPANY INVESTMENT GROWTH PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
Year Ended December 31, 2023
 
ADDITIONS TO NET ASSETS ATTRIBUTED TO:
Investment income
Dividends and interest
$18,000,382 
Net appreciation in fair value of investments
40,851,130 
Total investment income
58,851,512 
Interest income on notes receivable from participants
296,881 
Contributions
Participants
17,158,701 
Rollover
1,072,622 
Employer
8,126,395 
Total contributions
26,357,718 
Total additions
85,506,111 
DEDUCTIONS TO NET ASSETS ATTRIBUTED TO:
Benefits paid to participants
46,280,076 
Administrative and investment expenses
210,811 
Total deductions
46,490,887 
NET INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS
39,015,224 
NET ASSETS AVAILABLE FOR BENEFITS
Beginning of year
369,577,455 
End of year
$408,592,679 
The accompanying notes are an integral part of these financial statements
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CENTRAL GARDEN & PET COMPANY INVESTMENT GROWTH PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

NOTE 1 – DESCRIPTION OF PLAN
The following description of the Central Garden & Pet Company Investment Growth Plan (the “Plan”) provides only general information. Participants should refer to the summary plan description or plan document, as amended, for a more complete description of plan provisions.
General - The Plan is a defined contribution plan that was established to provide benefits to eligible employees, as provided in the plan document. The Plan covers substantially all employees of Central Garden & Pet Company (the “Company” or “Employer”) except certain groups of employees, as defined in the plan document. The Plan is subject to provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”). The Company is the Plan’s sponsor and serves as plan administrator.
Eligibility - Employees of the Company are eligible to participate in the Plan upon reaching age 21 and after completing three months of service, as defined in the plan document.
Participant contributions – Eligible participants may make contributions starting at 1% of their eligible pre-tax compensation subject to the annual dollar maximum set by the Internal Revenue Service (“IRS”). Effective January 1, 2023, participants are also allowed to make after-tax contributions (as Roth) to the Plan.
The contribution limit for highly compensated employees, defined as those whose annual earnings equal at least $150,000 in 2023, is subject to contribution limits that may vary from year to year. The Company has the right to further limit these contributions to conform to applicable regulations. Unless elected otherwise, eligible participants are automatically enrolled to contribute 3% of their eligible compensation as pre-tax contributions subject to the IRS limitation. Participants may make a contribution from any cash bonus but the deferral election should be made prior to the payment of such cash bonus. Participants may also contribute amounts representing distributions from other qualified plans.
Employer contributions – The Company makes basic matching contributions at a rate of 100% of the participant's annual deferrals (not to exceed the IRS deferral limits), up to 3% of the participant's compensation. The matching contribution is paid at the end of each quarter and is subject to a true-up provision at the end of the year. Only those participants employed as of the last day of the quarter are eligible to receive the matching contribution. The Company matching contributions may be made in cash or in shares of the Company’s Class A Common Stock, as determined by the Company’s Board of Directors. For 2023, the matching contribution was made in shares of the Company’s Class A Common Stock.
The Company may elect to make an additional employer contribution that, if made, is a flat dollar amount allocated to each non-highly compensated employee. During 2023, the Company contributed $1,322,000 as an additional employer contribution to non-highly compensated employees. The Company may also elect to contribute discretionary employer contributions on behalf of an eligible class of participants, as defined in the plan document. Such contributions shall be made in the same dollar amount for each eligible participant. No discretionary employer contributions were made by the Company for the year ended December 31, 2023. The Company may also elect to make a discretionary profit-sharing contribution to the Plan. Such contribution is allocated to all eligible employees in proportion to the participant’s eligible compensation. Participants are eligible for the profit-sharing contribution only if they remain employed as of the last day of the plan year, unless employment is terminated due to death, disability, or retirement. No discretionary profit-sharing contributions were made by the Company for the year ended December 31, 2023.
Participant accounts – Each participant’s account is credited with the participant’s contribution, the Company’s contributions, if any, and any income, gains, or losses attributable to the investment mix of the account. Participants may direct the investment of their account balances into various investment options offered by the Plan. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.
Vesting – Participants are immediately vested in their salary deferrals and voluntary contributions, plus actual earnings thereon. Vesting in Company contributions and earnings thereon is based on years of continuous service and increases in increments of 20% per year until fully vested after five years of credited service.

Notes receivable from participants – Participants may borrow up to 50% of their vested account balance, with a minimum borrowing of $500 and a maximum of $50,000. Maturities on notes receivable are for a maximum of five years, unless the participant's loan is used to acquire a primary residence, in which case the repayment period may be up to 10 years. Participants are allowed to have only one note receivable outstanding at a time. Notes receivable are secured by the participant’s vested balances, bear interest at prime plus 2% at the time of the borrowing, and generally must be repaid from payroll deductions over the loan term.
Effective July 31, 2023 the Plan was amended to allow for terminated participants to continue making loan repayments directly to the Plan. Prior to July 31, 2023, notes receivable were generally payable in full upon a participant’s termination of employment or the occurrence of certain other events.

Notes receivable as of December 31, 2023 carry interest rates ranging from 4.25% to 10.50%, with various maturities through June 2033.
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Payment of benefits – Distributions and withdrawals are payable upon retirement, termination, disability, or death. The Plan permits in-service and hardship withdrawals under certain conditions, as described in the plan document. Upon termination, if a participant’s balance is equal to or less than $1,000, the balance is distributed immediately in a lump-sum cash payment. A participant whose vested Plan accounts exceed $1,000 may leave the funds in the Plan or elect either a distribution paid in the form of a lump-sum cash payment, a distribution in Company stock, a direct rollover into another qualified plan, or other distribution methods as described in the plan document.
Forfeitures – Forfeitures represent the non-vested portion of a participant’s account that is lost upon termination of employment. Forfeitures are retained in the Plan and are used to pay administrative expenses and reduce the Company contribution. As of December 31, 2023 and 2022, forfeited non-vested account balances totaled approximately $107,000 and $637,000, respectively. During 2023, forfeitures of approximately $105,000 and $3,000 were used to pay administrative expenses and employer contributions, respectively. Forfeitures of $1,000,000 were used subsequent to year end to reduce employer contributions for the year ended December 31, 2023.

Excess contributions payable - Excess contributions payable represents amounts that were refunded to participants after year end to comply with regulatory contribution limitations or compliance testing.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of accounting – The financial statements are prepared on the accrual method of accounting in accordance with U.S. generally accepted accounting principles ("GAAP").
Use of estimates – The preparation of financial statements in conformity with GAAP requires Plan management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and changes therein, and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Investment valuation – Investments are stated at fair value, except for the Voya Fixed Account and Voya Fixed Account A (collectively, the “Voya Fixed Accounts”), which are stated at contract value. Fair value is the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date. See Note 3 for discussion of fair value measurements.
Investment contracts – The Plan holds investment contracts with the Voya Fixed Accounts, which are maintained under a directed trust with Voya Institutional Trust Company ("Voya"). The Voya Fixed Accounts are fully benefit-responsive investment contracts and do not have any liquidity or redemption restrictions.  Investment contracts held by a defined contribution plan are required to be reported at contract value.  Contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan.

Contributions to these contracts are maintained in a general account that is credited with earnings on the underlying investment and charged for participant withdrawals and administrative expenses. The contracts are included in the financial statements at contract value as reported to the Plan by Voya. Contract value represents contributions made under the contracts, plus earnings, less participant withdrawals and administrative expenses. Participants may ordinarily direct the withdrawal or transfer of all, or a portion, of their investment at contract value. There are no reserves against contract value for credit risk.
There are no unfunded commitments. Under the terms of the contracts, the Plan sponsor must provide a minimum of 90-days notice to Voya prior to redemption of the contracts.
The Plan’s ability to receive amounts due is dependent on the issuer’s ability to meet its financial obligations. The issuer’s ability to meet its contractual obligations may be affected by future economic and regulatory developments.
Certain events might limit the ability of the Plan to transact at contract value with the issuer. Such events include (1) amendments to the Plan documents (including complete or partial Plan termination or merger with another plan), (2) changes to the Plan’s prohibition on competing investment options or deletion of equity wash provisions, (3) bankruptcy of the Plan sponsor or other Plan sponsor events (for example, divestitures or spinoffs of a subsidiary) that cause a significant withdrawal from the Plan, (4) the failure of the trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA, or (5) premature termination of the contract. Events that might limit the ability of the Plan to transact at contract value with the contract issuers and that would limit the ability of the Plan to transact at contract value with the participants are not probable of occurring.
In addition, certain events allow the issuer to terminate the contract with the Plan and settle at an amount different from contract value. Such events include (1) an uncured violation of the Plan’s investment guidelines, (2) a breach of material obligation under the contract, (3) a material misrepresentation, or (4) a material amendment to the agreement without the consent of the issuer.
Income recognition – Purchases and sales of securities are recorded on a trade-date basis. Dividends are recorded on the ex-dividend date. Interest income is recorded on the accrual basis. The net appreciation or depreciation in the fair value of investments consists of both the realized gains or losses and unrealized appreciation or depreciation of those investments.
Notes receivable – Notes receivable from participants are measured at the unpaid principal balance plus any accrued but unpaid interest. Delinquent notes receivable are recorded as distributions based on the terms of the plan document. No allowance for credit losses has been recorded as of December 31, 2023 or 2022.

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Payment of benefits – Participant withdrawals and termination payments are recorded when paid.
Administrative expenses – Certain expenses incurred for administering the Plan are paid by the Company, except for loan fees, distribution fees, investment consulting fees and certain Plan asset-related fees. The Company also provides administrative services to the Plan at no charge. Administrative expenses and investment advisory fees paid by the Plan for 2023 totaled approximately $555,000. Investment advisory fees of approximately $345,000 are included within investment income on the statement of changes in net assets available for benefits.

NOTE 3 – FAIR VALUE MEASUREMENTS
The Plan classifies its investments based upon an established fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:
 
Level 1:Valuations based on quoted prices in active markets for identical assets or liabilities that the Plan has the ability to access.
 
Level 2:Valuations based on quoted prices in markets that are not active, quotes prices for similar investments in active markets or model-based valuations for which all significant assumptions are observable and can be corroborated by observable market data.
 
Level 3:Valuations based on unobservable inputs that are supported by little or no market activity and are significant to the overall fair value measurement. Values are determined using proprietary pricing models, discounted cash flow models that include the investment entities' own judgments and estimations or some other pricing method using unobservable inputs.
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.
Following are descriptions of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2023 and 2022.
The fair value of the common stock of the Company is determined by quoted market prices. Accordingly, investments in common stock are classified within Level 1 of the valuation hierarchy.
Shares of registered investment company funds are valued at the net asset value ("NAV") of shares held by the Plan at year-end. The NAV is a quoted price in an active market and is classified within Level 1 of the valuation hierarchy.

Interest-bearing cash is valued at cost plus accrued interest.

The following tables disclose, by level, the fair value hierarchy of the Plan’s investments at fair value.
December 31, 2023
Level 1Level 2Level 3Total
Registered investment companies
$298,234,761 $— $— $298,234,761 
Common stock
49,753,303 — — 49,753,303 
Interest-bearing cash2,176,032 — — 2,176,032 
Total investments at fair value$350,164,096 $— $— $350,164,096 

December 31, 2022
Level 1Level 2Level 3Total
Registered investment companies
$255,561,484 $— $— $255,561,484 
Common stock
41,314,635 — — 41,314,635 
Interest-bearing cash1,674,520 — — 1,674,520 
Total investments at fair value$298,550,639 $— $— $298,550,639 
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NOTE 4 – TAX STATUS
The Company adopted the Bryan Cave Leighton Paisner LLP Pre-Approved Defined Contribution Plan Profit Sharing/401(k)/Money Purchase Pension Plan (the "Prototype Plan"). The Prototype Plan has received an opinion letter from the IRS dated June 30, 2020, stating that the written form of the underlying prototype is qualified under Section 401 of the Internal Revenue Code (“IRC”), and that any employer adopting this form of the plan will be considered to have qualified under Section 401 of the IRC. Therefore, the related trust is exempt from taxation. Once qualified, the Plan is required to operate in conformity with the IRC to maintain its qualification. Although the Plan has been amended since the date of the opinion letter, the Plan administrator believes the Plan is currently being operated in compliance with the applicable requirements of the IRC and, therefore, believes that the Plan is qualified and the related trust is tax exempt.

GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that, more likely than not, would not be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions. However, there are currently no audits for any tax period in progress.
NOTE 5 – RISKS AND UNCERTAINTIES
The participants invest in various investment securities. Investment securities are exposed to various risks, such as market, interest rate and credit risk. It is reasonably possible that given the level of risk associated with investment securities, changes in the near term could materially affect a participant’s account balance and the amounts reported in the statement of net assets available for benefits.

NOTE 6 – PARTY-IN-INTEREST TRANSACTIONS
As allowed by the Plan, participants may elect to invest their salary deferral contributions and employer matching contributions in the Company’s common stock. The aggregate investment in the Company’s common stock was as follows:

December 31, 2023December 31, 2022
Number of SharesFair ValueNumber of SharesFair Value
Central Garden & Pet Company
Class A Common Stock
1,112,692$49,002,956 1,134,269$40,606,830 
Central Garden & Pet Company
Common Stock
14,974750,347 18,900707,805 
$49,753,303 $41,314,635 
Plan investments include shares of registered investment company funds managed by Voya Financial Inc., an affiliate of Voya. Any purchases and sales of these funds are performed in the open market at fair value. As Voya is the custodian and trustee of the Plan, transactions with this entity qualify as exempt party-in-interest transactions.
NOTE 7 – PLAN TERMINATIONS
Although it has not expressed any intention to do so, the Company has the right to terminate the Plan and discontinue its contributions at any time. If the Plan is terminated, amounts allocated to a participant’s account become fully vested.
NOTE 8 – SUBSEQUENT EVENTS
Effective January 1, 2024, the Plan was amended to add C&S Products Co. Inc. ("C&S") as a participating employer in the Plan. Effective January 1, 2024, employees of C&S are credited with prior service with C&S and RMC Products, Inc. for vesting and eligibility purposes under the Plan. Plan accounts merged from the C&S Products Co., Inc. 401(k) Savings Plan (“Merged Plan”), effective January 1, 2024, shall vest upon plan merger according to the Plan’s vesting schedule as described above. During January 2024, the Plan received $4,212,328 in assets from the Merged Plan.
The Plan has evaluated subsequent events through June 20, 2024, which is the date the financial statements were issued.
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NOTE 9 – RECONCILIATION TO FORM 5500
The financial statements are prepared on the accrual basis of accounting, while the Form 5500 is prepared on the cash basis of accounting. The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 as of December 31, 2023 and 2022:

20232022
Net assets available for benefits per the financial statements
$408,592,679 $369,577,455 
Less contributions receivable, end of year
Employer
(745,547)(1,734,811)
Participants
(148,832)(163,121)
Add contributions payable, end of year
Participants
311,261 — 
Net assets available for benefits per Form 5500
$408,009,561 $367,679,523 

The following is a reconciliation of contributions per the financial statements to the Form 5500 for the year ended December 31, 2023:

Contributions per the financial statements
$26,357,718 
Add contributions receivable, beginning of year
Employer
1,734,811 
Participants
163,121 
Less contributions receivable, end of year
Employer
(745,547)
Participants
(148,832)
Add contributions payable, end of year
Participants
311,261 
Contributions per the Form 5500
$27,672,532 

The Form 5500 has certain items that differ from amounts shown on the accompanying financial statements. These differences relate to classification only and have no effect upon net assets available for benefits for either period.
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SUPPLEMENTAL INFORMATION

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CENTRAL GARDEN & PET COMPANY INVESTMENT GROWTH PLAN
SCHEDULE H, LINE 4(a)—SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS
DECEMBER 31, 2023
Employer identification number: 68-0275553
Plan number: 001
Schedule H, Line 4(a)

Participant Contributions Transferred Late to PlanTotal that Constitute Nonexempt Prohibited Transactions
Check here if Late Participant Loan Repayments are IncludedContributions Not CorrectedContributions Corrected Outside VFCPContributions Pending Correction in VFCPTotal Fully Corrected Under VFCP and PTE 2002-51
$531 $— $— $— 

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CENTRAL GARDEN & PET COMPANY INVESTMENT GROWTH PLAN
SCHEDULE H, LINE 4(i)—SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2023
Employer identification number: 68-0275553
Plan number: 001
Schedule H, Line 4(i)
(a)
(b)
Identity of issue, borrower,
lessor, or similar party
(c)
Description of investment,including maturity date, rate of interest, collateral, par, or maturity value
(e)
Current
value
Investments at fair value:
Registered Investment Companies
American Funds EuroPacific Growth Fund R5Registered investment company$17,504,866 
Cohen & Steers Real Estate Securities Fund, Inc. Class InstitutionalRegistered investment company1,748,282 
JPMorgan Small-Cap Value Fund R6Registered investment company7,727,904 
Lord Abbett Income Fund FRegistered investment company6,532,956 
Massachusetts Investors Growth Stock Fund R4Registered investment company32,693,667 
Principal Mid-Cap S&P 400 Institutional Fund R4Registered investment company9,359,800 
Putnam Large Cap Value Fund Class YRegistered investment company17,499,501 
T.Rowe Price Dividend Growth Fund Registered investment company9,771,637 
T.Rowe Price Mid-Cap Growth Fund AdvisorRegistered investment company7,910,302 
T.Rowe Price Retirement Balanced FundRegistered investment company3,391,933 
T.Rowe Price Retirement Income 2010 Fund AdvisorRegistered investment company914,153 
T.Rowe Price Retirement Income 2015 Fund AdvisorRegistered investment company406,770 
T.Rowe Price Retirement Income 2020 Fund Advisor Registered investment company2,004,064 
T.Rowe Price Retirement Income 2025 Fund AdvisorRegistered investment company3,596,476 
T.Rowe Price Retirement Income 2030 Fund AdvisorRegistered investment company5,344,759 
T.Rowe Price Retirement Income 2035 Fund AdvisorRegistered investment company6,764,221 
T.Rowe Price Retirement Income 2040 Fund AdvisorRegistered investment company3,157,389 
T.Rowe Price Retirement Income 2045 Fund AdvisorRegistered investment company3,794,899 
T.Rowe Price Retirement Income 2050 Fund AdvisorRegistered investment company2,357,111 
T.Rowe Price Retirement Income 2055 Fund AdvisorRegistered investment company1,895,158 
T.Rowe Price Retirement Income 2060 Fund AdvisorRegistered investment company558,484 
T.Rowe Price Retirement Income 2065 Fund AdvisorRegistered investment company123,347 
Vanguard Institutional Index FundRegistered investment company53,076,064 
Vanguard Short-Term Treasury Index Fund AdmiralRegistered investment company2,614,005 
Vanguard Small-Cap Index Fund AdmiralRegistered investment company12,649,043 
*Fidelity Advisor International Small-Cap FundRegistered investment company3,075,727 
*Voya GNMA Income Fund A RegisteredRegistered investment company9,581,744 
*Voya Government Money Market FundRegistered investment company1,116,677 
Voya T.Rowe Price Capital Appreciation Portfolio - Institutional ClassRegistered investment company71,063,822 
298,234,761 
*Central Garden & Pet Company Stock Fund A:
Central Garden & Pet Class A Common StockClass A Common Stock49,002,956 
Interest-bearing cashInterest-bearing cash2,157,219 
       Total Central Garden & Pet Stock Fund A51,160,175 
*Central Garden & Pet Company Stock Fund:
Central Garden & Pet Company Stock Common Stock750,347 
Interest-bearing cashInterest-bearing cash18,813 
       Total Central Garden & Pet Stock Fund769,160 
Investments at contract value:
*Voya Fixed AccountGuaranteed investment contract25,884,709 
*Voya Fixed Account AGuaranteed investment contract27,772,627 
     53,657,336 
*Participant loansInterest rates between 4.25% and 10.50%, maturing through June 20334,188,129 
$408,009,561 
*Indicates party-in-interest as defined by ERISA
Column (d) information was omitted as all investments are participant directed
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized.

CENTRAL GARDEN & PET COMPANY INVESTMENT GROWTH PLAN
Date: June 20, 2024By:/s/ Robert Boyce
Robert Boyce
Director of Compensation & Benefits
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EXHIBIT INDEX


Exhibit
Number
Description
23.1
Consent of Independent Registered Public Accounting Firm


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