SpartanNash Management

Management criteria checks 2/4

SpartanNash's CEO is Tony Sarsam, appointed in Sep 2020, has a tenure of 4.17 years. total yearly compensation is $9.98M, comprised of 9.8% salary and 90.2% bonuses, including company stock and options. directly owns 0.44% of the company’s shares, worth €2.70M. The average tenure of the management team and the board of directors is 3.6 years and 2.8 years respectively.

Key information

Tony Sarsam

Chief executive officer

US$10.0m

Total compensation

CEO salary percentage	9.8%
CEO tenure	4.2yrs
CEO ownership	0.4%
Management average tenure	3.6yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tony Sarsam's remuneration changed compared to SpartanNash's earnings?
Date	Total Compensation	Salary	Company Earnings
Oct 05 2024	n/a	n/a	US$46m
Jul 13 2024	n/a	n/a	US$46m
Apr 20 2024	n/a	n/a	US$54m
Dec 30 2023	n/a	n/a	US$52m
Oct 07 2023	n/a	n/a	US$43m
Jul 14 2023	n/a	n/a	US$41m
Apr 22 2023	n/a	n/a	US$27m
Dec 31 2022	US$10m	US$900k	US$35m
Oct 08 2022	n/a	n/a	US$56m
Jul 16 2022	n/a	n/a	US$62m
Apr 23 2022	n/a	n/a	US$74m
Jan 01 2022	US$5m	US$860k	US$74m
Oct 09 2021	n/a	n/a	US$64m
Jul 17 2021	n/a	n/a	US$68m
Apr 24 2021	n/a	n/a	US$80m
Jan 02 2021	US$2m	US$245k	US$76m

Compensation vs Market: Tony's total compensation ($USD9.98M) is above average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.

CEO

Tony Sarsam (62 yo)

4.2yrs

Tenure

US$9,977,490

Compensation

Mr. Tony Bashir Sarsam is Director of Topco Associates, LLC. Mr. Sarsam is Independent Director at Mission Produce, Inc. since August 14, 2023. He serves as President for SpartanNash Company.He has been C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Tony Sarsam	President	4.2yrs	US$9.98m	0.44% € 2.7m
Jason Monaco	Executive VP & CFO	3.7yrs	US$2.99m	0.14% € 833.0k
Masiar Tayebi	Executive VP	2.2yrs	US$1.64m	0.051% € 313.0k
Bennett Morgan	Executive VP & Chief Merchandising Officer	2.8yrs	US$1.56m	0.031% € 191.4k
R. Riksen	VP, Corporate Controller & Principal Accounting Officer	3.7yrs	no data	0.037% € 222.6k
Kayleigh Campbell	Head of Investor Relations	no data	no data	no data
Ileana McAlary	Executive VP	3yrs	no data	0.026% € 155.2k
Adrienne Chance	Senior VP & Chief Communications Officer	3.6yrs	no data	no data
Bill Jacobs	Vice President of Treasury & Corporate Development	7.7yrs	no data	no data
Erin Storm	Senior VP & Chief Marketing Officer	less than a year	no data	no data
Nicole Zube	Executive VP & Chief Human Resources Officer	2.2yrs	no data	no data
Thomas Swanson	Executive Officer	6.1yrs	US$1.45m	0.090% € 545.1k

3.6yrs

Average Tenure

48yo

Average Age

Experienced Management: SRJ's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tony Sarsam	President	4.2yrs	US$9.98m	0.44% € 2.7m
Jaymin Patel	Independent Director	2.8yrs	US$287.90k	0.031% € 190.9k
Margaret Atkins	Independent Director	21.3yrs	US$305.40k	0.16% € 968.5k
Douglas Hacker	Independent Chairman of the Board	11yrs	US$378.34k	0.19% € 1.1m
Fred Bentley Jr.	Independent Director	less than a year	US$40.52k	0.0055% € 33.2k
Dorlisa Flur	Independent Director	1.8yrs	no data	no data
Julien Mininberg	Independent Director	2.8yrs	US$272.90k	0.031% € 190.9k
Pamela Puryear	Independent Director	2.8yrs	US$287.90k	0.031% € 190.9k
Kerrie MacPherson	Independent Director	1.3yrs	US$101.95k	0.014% € 85.4k

2.8yrs

Average Tenure

60yo

Average Age

Experienced Board: SRJ's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

SpartanNash Management

Management criteria checks 2/4

Key information

Recent management updates

SpartanNash Appoints Erin Storm as Senior Vice President and Chief Marketing Officer

SpartanNash Company Appoints Dorlisa Flur as an Independent Director

SpartanNash Appoints John Taylor as Associate General Counsel

SpartanNash Company, Annual General Meeting, May 22, 2024

Independent Director recently sold €300k worth of stock

SpartanNash Company Promotes Nicole Zube to Executive Vice President, Chief Human Resources Officer

Recent updates

Spartannash Declares Quarterly Cash Dividend, Payable December 30, 2024

Investor sentiment deteriorates as stock falls 15%

Third quarter 2024 earnings released: EPS: US$0.33 (vs US$0.33 in 3Q 2023)

SpartanNash Company (NasdaqGS:SPTN) agreed to acquire Markham Enterprises Inc, Markham Oil and its affiliates.

SpartanNash Company to Report Q3, 2024 Results on Nov 07, 2024

SpartanNash Company (NasdaqGS:SPTN) agreed to acquire Fresh Encounter Inc. from Michael Needler Jr. and Julie Anderson.

Second quarter dividend of US$0.22 announced

SpartanNash Company Approves Quarterly Cash Dividend, Payable on October 4, 2024

SpartanNash Appoints Erin Storm as Senior Vice President and Chief Marketing Officer

Second quarter 2024 earnings released: EPS: US$0.34 (vs US$0.57 in 2Q 2023)

SpartanNash Company Reaffirms Earnings Guidance for the Fiscal Year 2024

SpartanNash Unveils Fresh Store Vision with Revamped Family Fare

SpartanNash Company to Report Q2, 2024 Results on Aug 15, 2024

SpartanNash Company Appoints Dorlisa Flur as an Independent Director

Upcoming dividend of US$0.22 per share

SpartanNash Company Updates Earnings Guidance for the Fiscal Year 2024

Fourth quarter dividend of US$0.22 announced

SpartanNash Company Approves Quarterly Cash Dividend, Payable on June 28, 2024

SpartanNash Company to Report Q1, 2024 Results on May 30, 2024

SpartanNash Appoints John Taylor as Associate General Counsel

SpartanNash Company (NasdaqGS:SPTN) agreed to acquire Metcalfe, Inc.

SpartanNash Company, Annual General Meeting, May 22, 2024

New minor risk - Earnings quality

Independent Director recently sold €300k worth of stock

SpartanNash Company Promotes Nicole Zube to Executive Vice President, Chief Human Resources Officer

Fourth quarter dividend of US$0.22 announced

Spartannash Company Announces Board Retirements

SpartanNash Increases Quarterly Cash Dividend, Payable on March 28, 2024

Independent Director recently sold €90k worth of stock

SpartanNash Launches New Private Label Brand, Finest Reserve by Our Family

SpartanNash Launches New Private Label Brand, Finest Reserve by Our Family

Full year 2023 earnings released: EPS: US$1.53 (vs US$0.98 in FY 2022)

SpartanNash Company provides earnings guidance for the fiscal year 2024

SpartanNash Company to Report Q4, 2023 Results on Feb 15, 2024

High number of new directors

Upcoming dividend of US$0.21 per share at 3.9% yield

SpartanNash Promoting Amy McClellan to Executive Vice President, Chief Customer Officer

SpartanNash Declares Quarterly Cash Dividend, Payable on December 29, 2023

Spartannash Appoints Fred Bentley to the Board of Directors

Third quarter 2023 earnings released: EPS: US$0.33 (vs US$0.27 in 3Q 2022)

SpartanNash Company Revises Earnings Guidance for the Fiscal Year 2023

SpartanNash Company to Report Q3, 2023 Results on Nov 08, 2023

Upcoming dividend of US$0.21 per share at 4.1% yield

High number of new directors

SpartanNash Declares Quarterly Cash Dividend, Payable on Sept. 29, 2023

SpartanNash Company Appoints Kerrie D. MacPherson to the Board with Immediate Effect

SpartanNash Company Revises Earnings Guidance for the Fiscal Year 2023

Second quarter 2023 earnings released: EPS: US$0.57 (vs US$0.14 in 2Q 2022)

SpartanNash Company to Report Q2, 2023 Results on Aug 17, 2023

SpartanNash Company(NasdaqGS:SPTN) dropped from Russell 2000 Dynamic Index

Independent Director recently sold €181k worth of stock

Independent Director recently sold €137k worth of stock

Upcoming dividend of US$0.21 per share at 3.8% yield

SpartanNash Company Provides Earnings Guidance for the Fiscal Year 2023

SpartanNash Company to Report Q1, 2023 Results on Jun 01, 2023

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$0.98 (vs US$2.07 in FY 2021)

SpartanNash Company to Report Q4, 2022 Results on Feb 23, 2023

SpartanNash Company (NasdaqGS : SPTN) acquired Great Lakes Foods, LLC.

Upcoming dividend of US$0.21 per share

SpartanNash Declares Quarterly Cash Dividend, Payable on December 30, 2022

Third quarter 2022 earnings released: EPS: US$0.27 (vs US$0.43 in 3Q 2021)

Third quarter 2022 earnings released: EPS: US$0.27 (vs US$0.43 in 3Q 2021)

SpartanNash Provides Preliminary Results for the Third Quarter Fiscal 2022

SpartanNash Company to Report Q3, 2022 Results on Nov 09, 2022

SpartanNash Promotes Masiar Tayebi to EVP, Chief Strategy and Information Officer

Provender Partners LLC acquired 483,000 square-foot Four Property Food Production and Distribution Portfolio from SpartanNash Company (NasdaqGS:SPTN) for $29.9 million.

SpartanNash Appoints Nicole Zube as New Senior Vice President and Chief Human Resources Officer

Upcoming dividend of US$0.21 per share