SpartanNash Management

Management criteria checks 2/4

SpartanNash's CEO is Tony Sarsam, appointed in Sep 2020, has a tenure of 3.58 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 $2.93M. The average tenure of the management team and the board of directors is 3 years and 2.9 years respectively.

Key information

Tony Sarsam

Chief executive officer

US$10.0m

Total compensation

CEO salary percentage	9.8%
CEO tenure	3.6yrs
CEO ownership	0.4%
Management average tenure	3yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

SpartanNash Non-GAAP EPS of $0.66 beats by $0.12, revenue of $2.27B beats by $140M, updates FY guidance

Aug 18

Is SpartanNash Company (NASDAQ:SPTN) Trading At A 42% Discount?

Jul 19

SpartanNash: 2025 Target Challenged By Its Dissident Shareholders

Jun 07

SpartanNash (NASDAQ:SPTN) Has Affirmed Its Dividend Of US$0.21

Jun 03

SpartanNash: Activist Pressure/Potential Buyout

May 24

CEO Compensation Analysis

How has Tony Sarsam's remuneration changed compared to SpartanNash's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 30 2023	n/a	n/a	US$52m
Oct 07 2023	n/a	n/a	US$43m
Jul 15 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 ($USD9.98M) is above average for companies of similar size in the US market ($USD3.43M).

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

CEO

Tony Sarsam (61 yo)

3.6yrs

Tenure

US$9,977,490

Compensation

Mr. Tony Bashir Sarsam serves as Director at Mission Produce, Inc. since August 14, 2023. He serves as President for SpartanNash Company. He has been Chief Executive Officer and Director at SpartanNash Com...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Tony Sarsam	President	3.6yrs	US$9.98m	0.44% $ 2.9m
Jason Monaco	Executive VP & CFO	3.1yrs	US$2.99m	0.13% $ 902.6k
Masiar Tayebi	Executive VP	1.6yrs	US$1.64m	0.052% $ 350.3k
Bennett Morgan	Executive VP & Chief Merchandising Officer	2.3yrs	US$1.56m	0.031% $ 207.3k
R. Riksen	VP, Corporate Controller & Principal Accounting Officer	3.1yrs	no data	0.036% $ 242.9k
Kayleigh Campbell	Head of Investor Relations	no data	no data	no data
Ileana McAlary	Executive VP	2.4yrs	no data	0.025% $ 168.2k
Adrienne Chance	Senior VP of Communications & Executive Director of SpartanNash Foundation	3yrs	no data	no data
Bill Jacobs	Vice President of Treasury & Corporate Development	7.1yrs	no data	no data
Nicole Zube	Executive VP & Chief Human Resources Officer	1.6yrs	no data	no data
Thomas Swanson	Executive VP & GM of Corporate Retail	5.5yrs	US$1.45m	0.088% $ 590.6k
David Petko	Executive VP & Chief Supply Chain Officer	3yrs	no data	0.039% $ 263.5k

3.0yrs

Average Tenure

48yo

Average Age

Experienced Management: SPTN's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tony Sarsam	President	3.6yrs	US$9.98m	0.44% $ 2.9m
Jaymin Patel	Independent Director	2.2yrs	US$287.90k	0.031% $ 206.9k
Margaret Atkins	Independent Director	20.7yrs	US$305.40k	0.16% $ 1.0m
Douglas Hacker	Independent Chairman of the Board	10.4yrs	US$378.34k	0.18% $ 1.2m
William Voss	Independent Director	10.4yrs	US$285.40k	0.044% $ 297.6k
Fred Bentley Jr.	Independent Director	less than a year	US$40.52k	0.0053% $ 35.9k
Hawthorne Proctor	Independent Director	10.4yrs	US$275.40k	0.074% $ 497.5k
Julien Mininberg	Independent Director	2.2yrs	US$272.90k	0.031% $ 206.9k
Pamela Puryear	Independent Director	2.2yrs	US$287.90k	0.031% $ 206.9k
Kerrie MacPherson	Independent Director	less than a year	US$101.95k	0.011% $ 73.0k

2.9yrs

Average Tenure

62.5yo

Average Age

Experienced Board: SPTN's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

SpartanNash Management

Management criteria checks 2/4

Key information

Recent management updates

SpartanNash Appoints John Taylor as Associate General Counsel

SpartanNash Company, Annual General Meeting, May 22, 2024

Independent Director recently sold US$326k worth of stock

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

Independent Director notifies of intention to sell stock

Spartannash Company Announces Board Retirements

Recent updates

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 US$326k worth of stock

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

Independent Director notifies of intention to sell stock

SpartanNash (NASDAQ:SPTN) Is Increasing Its Dividend To $0.2175

Fourth quarter dividend increased to US$0.22

Spartannash Company Announces Board Retirements

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

Independent Director recently sold US$98k worth of stock

Independent Director notifies of intention to sell stock

SpartanNash: LIFO Adjustments, A Step Too Far

Consensus EPS estimates fall by 16%

Consensus EPS estimates fall by 16%

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

Full year 2023 earnings: EPS misses analyst expectations

SpartanNash Company provides earnings guidance for the fiscal year 2024

Price target decreased by 7.1% to US$24.33

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 (NASDAQ:SPTN) Has Announced A Dividend Of $0.215

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

Spartannash Appoints Fred Bentley to the Board of Directors

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

SpartanNash Company Revises Earnings Guidance for the Fiscal Year 2023

SpartanNash (NASDAQ:SPTN) Has A Somewhat Strained Balance Sheet

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 (NASDAQ:SPTN) Is Paying Out A Dividend Of $0.215

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

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

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

SpartanNash Company Revises Earnings Guidance for the Fiscal Year 2023

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

Consensus EPS estimates increase by 12%

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

Independent Director recently sold US$197k worth of stock

Independent Director recently sold US$147k worth of stock

New major risk - Financial position

Price target decreased by 7.1% to US$29.00

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

SpartanNash's (NASDAQ:SPTN) Dividend Will Be $0.215

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

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.21 per share at 3.2% yield

SpartanNash (NASDAQ:SPTN) Will Pay A Dividend Of $0.215

Consensus EPS estimates fall by 16%, revenue upgraded

Price target decreased by 7.5% to US$32.20

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

Investor sentiment deteriorates as stock falls 15%

SpartanNash (NASDAQ:SPTN) Has A Somewhat Strained Balance Sheet

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 (NASDAQ:SPTN) Is Due To Pay A Dividend Of $0.21

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

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

SpartanNash Provides Preliminary Results for the Third Quarter Fiscal 2022

Price target increased to US$34.00

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.