SpartanNash Company - SPTN STOCK NEWS

SpartanNash (Nasdaq: SPTN) has appointed Peter Anjorin as Vice President of Strategy and Business Development. Anjorin, with nearly 20 years of experience in strategy and operations, will focus on growth initiatives including partnerships, innovations, and mergers. Previously at Whirlpool, he led product strategy for refrigeration. His role aims to advance SpartanNash's mission to enhance customer-centric innovations and bolster shareholder value. Anjorin holds an MBA from Western Michigan University and a mechanical engineering degree from Calvin University.

Macellum Advisors and Ancora Holdings, holding approximately 4.5% of SpartanNash's shares, demand urgent boardroom changes due to years of financial underperformance and strategic failures. They have nominated three independent candidates for the board elections, citing a $1 billion in idle real estate and ineffective corporate strategy as key issues. The Investor Group urges shareholders to vote using the BLUE Proxy Card to foster a credible operating plan and explore value creation alternatives amid increasing interest from potential buyers.

SpartanNash has filed definitive proxy materials with the SEC regarding its Annual Meeting on June 9, 2022. The company emphasizes its successful transformation, reporting a total shareholder return of 251% since the management team's transition in mid-2019 and an 88% increase since CEO Tony Sarsam's appointment in September 2020. The letter urges shareholders to vote for its nine qualified director nominees on the WHITE proxy card, arguing that the Investor Group's short-term agenda may jeopardize the company's long-term value.

SpartanNash has appointed Yu Ying Seah as Vice President of IT Global Applications, focusing on the development and execution of the company's applications roadmap. Reporting to Arif Dar, Seah is expected to enhance operational excellence through technology-enabled services. He has a proven track record from his previous role at SC Johnson and has significantly improved project delivery at SpartanNash. Seah will lead business system initiatives crucial for adapting to market changes, which could positively impact SpartanNash's operational efficiency.

SpartanNash has secured a contract extension with the U.S. Defense Commissary Agency to supply private label products to commissaries through Dec. 15, 2025. This agreement reflects a continued partnership aimed at enhancing service for military personnel and their families. Since being selected in December 2016, SpartanNash Military has expanded its distribution, servicing 160 commissaries and 400 exchanges globally. The military division delivered over 70,000 loads to families and conducted 16 emergency airlifts in 2021.

SpartanNash (Nasdaq: SPTN) has raised $180,000 through a fundraising campaign to support 43 Habitat for Humanity chapters across the Midwest. The initiative aims to help families in eight states take steps toward homeownership, with all funds remaining local. Since 2006, the SpartanNash Foundation has contributed over $2.1 million to Habitat, assisting more than 1,100 households. The funds were collected via donations from store guests at various retail locations, demonstrating community support for housing initiatives.

SpartanNash (Nasdaq: SPTN) has responded to Macellum Advisors and Ancora Holdings Group's proposal to nominate three director candidates at its upcoming annual meeting. The Company emphasized its successful turnaround, achieving a 251% total shareholder return since 2019, and highlighted significant improvements in revenue and EBITDA. Despite extensive engagement, SpartanNash asserts Macellum's approach lacks substantive ideas and threatens the ongoing progress. The Board remains committed to long-term value creation and is open to constructive dialogue with shareholders.