Albertsons Companies, Inc. announced that Mr. Steven Davis, one of directors and a member of the Audit and Risk Committee (the Audit Committee) and Chair of the Finance Committee (Finance Committee) of Board of Directors (the Board") died unexpectedly on July 10, 2022. In light of his death, Mr. Davis, whose term as a director was scheduled to expire at the Annual Meeting and who is listed as a nominee for Board in the Proxy Statement, is no longer a nominee.
On July 15, 2022, the Board appointed Ms. Sharon Allen, a current independent director, to fill Mr. Davis's vacancy on the Audit Committee. The Board has also affirmatively determined that Ms. Allen qualifies as an audit committee financial expert" within the meaning of Item 407(d)(5)(ii) of Regulation S-K promulgated by the SEC. Upon her appointment to the Audit Committee, Ms. Allen will no longer serve as a member of the Compensation Committee but will continue to serve as Chair of the Governance, Compliance and ESG Committee of the Board. At this time, the Board has determined not to fill Mr. Davis's vacancy on the Finance Committee, nor to appoint a successor nominee for election at the Annual Meeting. The Board has reduced the number of directors on the Board to 13 members.
Albertsons Companies, Inc. is a food and drug retailer in the United States. The Company is engaged in the operation of food and drug retail stores that offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel and other items and services in its stores or through digital channels. The Company operates approximately 2,269 stores across 34 states and the District of Columbia under 20 banners including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and others. The Company operates approximately 1,725 pharmacies, 1,336 in-store branded coffee shops, 402 adjacent fuel centers, 22 dedicated distribution centers, 19 manufacturing facilities and various digital platforms. Its own brands include Signature SELECT, Open Nature, Signature Cafe, Lucerne, Waterfront BISTRO, Primo Taglio, Signature Care, Signature Reserve and Value Corner.
ALBERTSONS COMPANIES, INC. 
