Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Chief Financial Officer
Weis Markets, Inc. (the "Company") issued a press release on January 19, 2021
announcing the retirement of Scott F. Frost, Senior Vice President, Chief
Financial Officer and Treasurer. After 42 years of distinguished service, Mr.
Frost provided notice announcing his intention to retire from the Company. Mr.
Frost will continue to serve as Chief Financial Officer until, March 12, 2021,
at which time Michael T. Lockard will assume the role.
Mr. Frost joined the Company in 1979 and held various positions since then,
including but not limited to, Controller, Assistant Secretary, Assistant
Treasurer and Acting Chief Financial Officer. The Company appointed Mr. Frost as
Vice President, Chief Financial Officer and Treasurer in October 2009. In
January 2011, Mr. Frost was promoted to Senior Vice President, Chief Financial
Officer and Treasurer.
Appointment of Chief Financial Officer
On January 19, 2021, the Company announced Michael T. Lockard will assume the
role of Senior Vice President, Chief Financial Officer and Treasurer, to be
effective March 12, 2021.
Mr. Lockard, age 51, most recently held the role of Senior Vice President and
Chief Financial Officer of K-VA-T Food Stores, Inc. Mr. Lockard initially joined
K-VA-T Food Stores, Inc. in 2012 and prior to that held several senior level
positions with Walmart and UPS.
A copy of the press release is furnished as Exhibit 99.1, which, in its
entirety, is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibit
(d) Exhibit.
99.1 Weis Markets, Inc. January 19, 2021 news release announcing executive
leadership change.
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