UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On March 19, 2024, Symbotic Inc. (the “Company”) appointed Maria G. Freve to the position of Vice President, Controller and Chief Accounting Officer, effective as of April 15, 2024. In this role, Ms. Freve will serve as the Company’s principal accounting officer. Upon the effective date of Ms. Freve’s appointment as principal accounting officer, Carol Hibbard, the Company’s Chief Financial Officer, will no longer serve as the Company’s principal accounting officer but will continue to serve in her roles as the Company’s Chief Financial Officer, Treasurer and principal financial officer.
Prior to joining the Company, Ms. Freve, age 49, served as the Vice President and Chief Accounting Officer of Sensata Technologies Holding plc, an industrial technology company, from March 2020 until March 2024 after joining Sensata Technologies in January 2020 as Vice President, Accounting. Prior to joining Sensata Technologies, Ms. Freve served in various finance and accounting leadership roles at Dell EMC for 11 years, including Sr. Director of Cross-sell Accounting Operations from November 2016 to January 2020, Sr. Director of Corporate Accounting and Reporting from February 2011 to October 2016, and Director of Corporate Accounting & Reporting from November 2009 to February 2011. Prior to joining Dell, she spent 13 years with PricewaterhouseCoopers LLP providing audit, advisory and M&A related services for both private and public companies. Ms. Freve has a B.S. in Management from Tulane University.
In connection with her appointment and subject to approval by the Company’s Board of Directors, Ms. Freve will be eligible to receive a grant of an equity-based award that is expected to have a grant date value of $600,000, with such terms as determined by the Company’s Board of Directors at the time of grant.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 25, 2024
| Symbotic Inc. | ||
| By: | /s/ Carol Hibbard | |
| Name: | Carol Hibbard | |
| Title: | Chief Financial Officer and Treasurer | |