Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34 Filing Table of Contents
Document/ExhibitDescriptionPagesSize
1: 10-Q Quarterly Report HTML 3.76M
2: EX-10.2 Material Contract -- exhibit102 HTML 51K
3: EX-10.3 Material Contract -- exhibit103 HTML 204K
4: EX-10.4 Material Contract -- exhibit104 HTML 215K
5: EX-10.5 Material Contract -- exhibit105 HTML 197K
6: EX-31.1 Certification -- §302 - SOA'02 -- exhibit311 HTML 44K
7: EX-31.2 Certification -- §302 - SOA'02 -- exhibit312 HTML 44K
8: EX-32.1 Certification -- §906 - SOA'02 -- exhibit321 HTML 39K
9: EX-32.2 Certification -- §906 - SOA'02 -- exhibit322 HTML 39K
58: R1 Cover Page HTML 90K
128: R2 Condensed Consolidated Statements of Income HTML 99K
85: R3 Condensed Consolidated Statements of Comprehensive HTML 86K
Income
42: R4 Condensed Consolidated Balance Sheets HTML 158K
57: R5 Condensed Consolidated Balance Sheets HTML 51K
(Parenthetical)
127: R6 Condensed Consolidated Statements of Equity HTML 87K
84: R7 Condensed Consolidated Statements of Cash Flows HTML 137K
44: R8 Basis of Presentation (Notes) HTML 45K
56: R9 Restatement of Previously Issued Condensed HTML 722K
Consolidated Financial Statements (Notes)
104: R10 Significant Accounting Policies (Notes) HTML 42K
89: R11 New Accounting Standards (Notes) HTML 51K
18: R12 Acquisitions and Divestitures (Notes) HTML 93K
62: R13 Restructuring Activities (Notes) HTML 110K
105: R14 Restricted Cash (Notes) HTML 47K
90: R15 Inventories (Notes) HTML 46K
19: R16 Goodwill and Intangible Assets (Notes) HTML 125K
63: R17 Income Taxes (Notes) HTML 43K
106: R18 Employees' Stock Incentive Plans (Notes) HTML 64K
88: R19 Postemployment Benefits (Notes) HTML 130K
40: R20 Financial Instruments (Notes) HTML 337K
53: R21 Accumulated Other Comprehensive Income/(Losses) HTML 247K
(Notes)
129: R22 Venezuela - Foreign Currency and Inflation (Notes) HTML 46K
86: R23 Financing Arrangements (Notes) HTML 43K
41: R24 Commitments, Contingencies and Debt (Notes) HTML 103K
54: R25 Leases (Notes) HTML 158K
130: R26 Earnings Per Share (Notes) HTML 72K
87: R27 Segment Reporting (Notes) HTML 149K
38: R28 Supplemental Guarantor Information (Notes) HTML 1.04M
55: R29 Basis of Presentation (Policies) HTML 53K
61: R30 Significant Accounting Policies (Policies) HTML 42K
16: R31 New Accounting Standards (Policies) HTML 51K
93: R32 Restatement of Previously Issued Condensed HTML 705K
Consolidated Financial Statements (Tables)
108: R33 Acquisitions and Divestitures (Tables) HTML 90K
60: R34 Restructuring Activities (Tables) HTML 107K
15: R35 Restricted Cash (Tables) HTML 48K
92: R36 Inventories (Tables) HTML 48K
107: R37 Goodwill and Intangible Assets (Tables) HTML 96K
59: R38 Employees' Stock Incentive Plans (Tables) HTML 68K
17: R39 Postemployment Benefits (Tables) HTML 128K
52: R40 Financial Instruments (Tables) HTML 331K
36: R41 Accumulated Other Comprehensive Income/(Losses) HTML 252K
(Tables)
76: R42 Commitments, Contingencies and Debt (Tables) HTML 71K
120: R43 Leases (Tables) HTML 115K
51: R44 Earnings Per Share (Tables) HTML 71K
35: R45 Segment Reporting (Tables) HTML 152K
75: R46 Supplemental Guarantor Information (Tables) HTML 1.04M
119: R47 Basis of Presentation (Details) HTML 42K
50: R48 Restatement of Previously Issued Condensed HTML 50K
Consolidated Financial Statements Additional
Information (Details)
37: R49 Restatement of Previously Issued Condensed HTML 134K
Consolidated Financial Statements Schedule of
Restatement of Consolidated Statement of Income
(Details)
28: R50 Restatement of Previously Issued Condensed HTML 107K
Consolidated Financial Statements Schedule of
Restatement of Consolidated Statement of
Comprehensive Income (Details)
71: R51 Restatement of Previously Issued Condensed HTML 259K
Consolidated Financial Statements Schedule of
Restatement of Consolidated Balance Sheets
(Details)
109: R52 Restatement of Previously Issued Condensed HTML 136K
Consolidated Financial Statements Schedule of
Restatement of Consolidated Statement of Equity
(Details)
94: R53 Restatement of Previously Issued Condensed HTML 170K
Consolidated Financial Statements Schedule of
Restatement of Consolidated Statement of Cash
Flows (Details)
29: R54 New Accounting Standards Additional Information HTML 46K
(Details)
72: R55 Acquisitions and Divestitures Additional HTML 105K
Information (Details)
110: R56 Acquisitions and Divestitures Primal Nutrition HTML 58K
Purchase Price Allocation to Assets Acquired and
Liabilities Assumed (Details)
95: R57 Acquisitions and Divestitures Primal Nutrition HTML 46K
Purchase Price Allocation to Identifiable
Intangible Assets Acquired (Details)
27: R58 Acquisitions and Divestitures Components of Gain HTML 52K
on Heinz India Sale (Details)
73: R59 Acquisitions and Divestitures Components of Gain HTML 49K
on Canada Natural Cheese Sale (Details)
122: R60 Acquisitions and Divestitures Assets and HTML 65K
Liabilities Held for Sale by Major Class (Details)
80: R61 Restructuring Activities Additional Information HTML 57K
(Details)
32: R62 Restructuring Activities Restructuring Reserve HTML 52K
Roll-forward (Details)
46: R63 Restructuring Activities Restructuring Costs by HTML 58K
Type and Income Statement Location (Details)
123: R64 Restructuring Activities Restructuring Costs HTML 52K
Excluded from Segments (Details)
82: R65 Restricted Cash Reconciliation from Cash and Cash HTML 54K
Equivalents to Cash, Cash Equivalents, and
Restricted Cash (Details)
33: R66 Inventories Components of Inventories (Details) HTML 48K
48: R67 Goodwill and Intangible Assets Changes in the HTML 64K
Carrying Amount of Goodwill by Segment (Details)
126: R68 Goodwill and Intangible Assets Goodwill - HTML 110K
Additional Information (Details)
78: R69 Goodwill and Intangible Assets Changes in the HTML 47K
Carrying Amount of Indefinite-Lived Intangible
Assets (Details)
100: R70 Goodwill and Intangible Assets Indefinite-Lived HTML 63K
Intangible Assets - Additional Information
(Details)
116: R71 Goodwill and Intangible Assets Definite-Lived HTML 52K
Intangible Assets (Details)
67: R72 Goodwill and Intangible Assets Definite-Lived HTML 58K
Intangible Assets - Additional Information
(Details)
25: R73 Income Taxes Additional Information (Details) HTML 40K
97: R74 Employees' Stock Incentive Plans Additional HTML 43K
Information (Details)
115: R75 Employees' Stock Incentive Plans Schedule of Stock HTML 62K
Option Activity and Related Information (Details)
66: R76 Employees' Stock Incentive Plans Schedule of RSU HTML 62K
Activity and Related Information (Details)
22: R77 Employees' Stock Incentive Plans Schedule of PSU HTML 52K
Activity and Related Information (Details)
102: R78 Postemployment Benefits Additional Information HTML 55K
(Details)
111: R79 Postemployment Benefits Pension Plans - Net HTML 75K
Cost/(Benefit) (Details)
101: R80 Postemployment Benefits Postretirement Benefit HTML 61K
Plans - Net Cost/(Benefit) (Details)
118: R81 Financial Instruments Schedule of Notional Values HTML 44K
of Outstanding Derivatives (Details)
69: R82 Financial Instruments Schedule of Derivative Fair HTML 93K
Values (Details)
26: R83 Financial Instruments Additional Information HTML 83K
(Details)
96: R84 Financial Instruments Derivative Impact on HTML 69K
Statements of Other Comprehensive Income (Details)
113: R85 Financial Instruments Derivative Impact on HTML 128K
Statements of Income (Details)
64: R86 Components of and Changes in Accumulated Other HTML 75K
Comprehensive Income/(Losses) (Details)
21: R87 Gross Amount and Related Tax Benefit/(Expense) HTML 86K
Recorded in and Associated with each Component of
Other Comprehensive Income/(Loss) (Details)
103: R88 Amounts Reclassified from Accumulated Other HTML 92K
Comprehensive Income/(Losses) (Details)
112: R89 Venezuela - Foreign Currency and Inflation HTML 47K
Additional Information (Details)
121: R90 Financing Arrangements Additional Information HTML 40K
(Details)
79: R91 Class Actions and Stockholder Derivative Actions HTML 62K
(Details)
30: R92 Commitments, Contingencies and Debt Redeemable HTML 38K
Noncontrolling Interest (Details)
45: R93 Commitments, Contingencies and Debt Debt HTML 146K
Additional Information (Details)
124: R94 Commitments, Contingencies and Debt Schedule of HTML 55K
Debt Tender Offers (Details)
83: R95 Commitments, Contingencies and Debt Schedule of HTML 50K
Debt Redemptions (Details)
34: R96 Commitments, Contingencies and Debt Schedule of HTML 46K
Long-Term Debt Issuances (Details)
49: R97 Leases Narrative (Details) HTML 41K
125: R98 Leases Components of Lease Cost (Details) HTML 54K
77: R99 Leases Supplemental Balance Sheet Information HTML 60K
Related to Leases (Details)
68: R100 Leases Cash Flows Arising from Lease Transactions HTML 51K
(Details)
24: R101 Leases Future Minimum Lease Payments for Leases in HTML 77K
Effect (Details)
99: R102 Leases Schedule of Future Minimum Rental Payments HTML 57K
for Operating Leases (Details)
117: R103 Earnings Per Share Schedule of Earnings Per Common HTML 64K
Share, Basic and Diluted (Details)
65: R104 Earnings Per Share Additional Information HTML 39K
(Details)
23: R105 Segment Reporting Net Sales by Segment (Details) HTML 49K
98: R106 Segment Reporting Segment Adjusted EBITDA HTML 76K
(Details)
114: R107 Segment Reporting Net Sales by Product Category HTML 65K
(Details)
70: R108 Supplemental Guarantor Information Condensed HTML 175K
Consolidating Statements of Operations (Details)
20: R109 Supplemental Guarantor Information Condensed HTML 270K
Consolidating Balance Sheets (Details)
31: R110 Supplemental Guarantor Information Condensed HTML 187K
Consolidating Statements of Cash Flows (Details)
47: R111 Supplemental Guarantor Information Reconciliation HTML 70K
From Cash and Cash Equivalents to Cash, Cash
Equivalents, and Restricted Cash (Details)
81: XML IDEA XML File -- Filing Summary XML 245K
91: XML XBRL Instance -- form10-qq32019_htm XML 10.24M
39: EXCEL IDEA Workbook of Financial Reports XLSX 179K
11: EX-101.CAL XBRL Calculations -- khc-20190928_cal XML 357K
12: EX-101.DEF XBRL Definitions -- khc-20190928_def XML 1.35M
13: EX-101.LAB XBRL Labels -- khc-20190928_lab XML 2.29M
14: EX-101.PRE XBRL Presentations -- khc-20190928_pre XML 1.85M
10: EX-101.SCH XBRL Schema -- khc-20190928 XSD 277K
43: JSON XBRL Instance as JSON Data -- MetaLinks 512± 831K
74: ZIP XBRL Zipped Folder -- 0001637459-19-000113-xbrl Zip 840K
I am very pleased to confirm your continued employment with the Kraft Heinz Company (“Kraft Heinz” or the “Company”) as Advisor to Kraft Heinz’s Chief Executive Officer, effective July 1, 2019 (“Effective Date”). This letter supersedes the December 16, 2016 Offer Letter and all
other understandings or instruments regarding the subject hereof and sets forth the terms and conditions of your current employment relationship with the Company.
Annual Base Salary
As of the Effective Date, you will convert from full-time to part-time employment status, and will be paid a base salary at the rate of $400,000 USD per annum (“Annual Base Salary”), payable in periodic installments according to the Company’s normal payroll practice. Your Annual Base Salary will be subject to periodic review by the Company.
Equity
Incentive
You will be eligible for a one-time discretionary Kraft Heinz stock option award of 200,000 shares to be issued at the end of the current black-out period on the company designated Grant Date or August 15, 2019, whichever occurs later, based on the closing price for Kraft Heinz stock on that date. The terms and conditions of this Award will be outlined in the award agreement that you will receive on or shortly after the Grant Date.
In addition, and subject to your continued service with Kraft Heinz through December 31, 2019, you will remain eligible for 100% of the Restricted Stock Units that you were granted on January
1, 2017, pursuant to the applicable Award Agreement and the Company’s 2016 Omnibus Incentive Plan.
Board of Directors Compensation
You will be eligible for an annual equity grant of Restricted Stock Units with a $125,000 USD nominal value, to be issued after each Annual Stockholders meeting in each year of your continued service pursuant to this Agreement. You also will be eligible for an annual cash retainer of $110,000 USD, to be paid quarterly in arrears, deferred quarterly and invested or converted to deferred Kraft Heinz shares annually in arrears, to be determined by the Head of Global Rewards and to be separately confirmed by your election.
Other Benefits
Your
offer includes the Company’s comprehensive benefits package available to part-time similarly situated salaried employees (except that you will not participate in the Company’s severance plans or programs). The benefits provided to you hereunder are subject to the specific terms of each plan as set forth in the governing plan documents, as may be amended or terminated from time to time.
You will be a U.S. employee of the Company and your employment status will be governed
by and shall be construed in accordance with the laws of the United States. As such, your status will be that of an “at will” employee. Your employment with the Company hereunder shall terminate upon the earliest to occur of (i) your death, (ii) an involuntary termination by the Company with or without cause, in either case to be effective immediately upon delivery of reasonable notice to you, (iii) a voluntary resignation by you with or without good reason, upon delivery of reasonable notice to the Company, or (iv) the three-year anniversary of the Effective Date. If the Company involuntarily terminates your employment
prior to the three-year anniversary of the Effective Date (July 1, 2022), you will receive a lump sum payment (less applicable deductions) equal to the pay you would have received had you remained employed through the three-year anniversary of the Effective Date. Except as required by law or as otherwise set forth expressly herein, your participation in, and eligibility for participation in, the benefit plans and programs of the Company shall cease as of the effective date of any termination of employment with the Company.
Non-Competition
and Non-Solicitation Obligations
By signing below, you acknowledge and agree that the services to be rendered by you to the Company will be of a special character having a unique value to the Company, and that, as a result of your new role and position within the Company, you will be given access to (i) some of the Company’s most sensitive and valuable Company Confidential Information, (ii) the Company’s business habits, needs, pricing policies, purchasing policies, profit structures, and margins,
(iii) the Company’s relationship with its customers, their buying habits, special needs, and purchasing policies, (iv) the Company’s relationship with its suppliers, licensees, licensors, vendors, consultants, and independent contractors, their pricing habits, and purchasing policies, (v) the Company’s pricing policies, purchasing policies, profit structures, and margin needs, (vi) the skills, capabilities and other employment-related information relating to the Company employees, and/or (vii) and other matters of which you would not otherwise know and that is not otherwise readily available.
Therefore,
in consideration for the role being offered to you and the salary, benefits and incentives you will receive, each of which you agree is sufficient consideration for your assent to these covenants, by signing below, you agree that, during your employment and for a period of twelve (12) months following the termination of your employment with the Company for any reason, including termination by the Company with or without cause, you will not, either as an employee, employer, consultant, agent, principal, partner, stockholder, corporate officer, director, or in any other individual or representative capacity, directly or indirectly:
▪
Engage
in any business or other activities with any person or entity about which you gained access to confidential information through your performance of services for the Company, or which are in the same line or lines of business as the Company in the consumer packaged food and beverage industry (“Competitive Business”) anywhere within North America (the “Restricted Territory”).
▪
Solicit, assist in the solicitation of, or accept any business (other than on behalf of the
Company) from any customer about which you had access to confidential information by virtue of your employment with the Company; or disclose to any person, firm, association, corporation or business entity of any kind the names or addresses of any such customer; or directly or indirectly in any way request, suggest or advise any such customer or any suppliers, licensees, licensors, vendors, consultants, and independent contractors with which you had access to confidential information by virtue of your employment with the Company to withdraw or cancel any of their business or refuse to continue to do business with the Company. This paragraph shall apply only where the customer is solicited to purchase a service
or product that competes with the services or products offered by the Company.
▪
Cause, solicit, induce, or encourage any individual who was an employee of the Company at the time of, or within six (6) months prior to, your termination, to terminate or reject their employment with the Company or to seek or accept employment with any other entity, including but not limited to a competitor, supplier, or client of the
Company, nor shall you cooperate with any others in doing or attempting to do so. As used herein, the term “solicit, induce, or encourage” includes, but is not limited to, (i) initiating communications with a Company employee relating to possible employment, (ii) offering bonuses or other compensation to encourage a Company employee to terminate his or her employment with the Company and accept employment with any entity, (iii) recommending a Company employee to any entity, and (iv) aiding an entity in recruitment of a Company employee.
We are excited about your continued role with the Company!
If
you have any question regarding this Offer Letter, please do not hesitate to contact me.
Sincerely,
Shirley Weinstein
Global Head of Rewards
By my signature below I confirm that I understand and agree to the terms and conditions of employment as outlined above.
