[PX14A6G] Albertsons Companies, Inc. SEC Filing
Form PX14A6G Overview: The Accountability Board, Inc. has filed a Notice of Exempt Solicitation with the SEC to urge Albertsons Companies (ACI) shareholders to vote FOR Proposal Four in the 2025 proxy. The proposal requests annual disclosure of (1) the total pounds of food waste generated and (2) the percentage diverted from landfill.
Key Arguments by the Filer:
- Albertsons has publicly committed to diverting 90 % of food waste from landfill by 2030, yet does not calculate or disclose its current diversion rate or total waste generated.
- The Board鈥檚 opposition calls industry food-waste calculators unreliable, but the filer argues that some form of calculation is indispensable to track progress toward the 90 % goal.
- Without a baseline or annual metric, investors cannot evaluate the effectiveness or cost-efficiency of Albertsons鈥� diversion programs.
Peer Comparison with Kroger (FY 2023):
- Kroger operates 2,722 locations with >95 % participation in diversion programs and publicly reports 525 million lbs of food waste generated, diverting 51 % (~268 million lbs).
- Albertsons operates 2,269 locations; only 鈥渕ore than half鈥� participate in diversion programs. The company discloses 325 million lbs diverted but does not report total waste generated or its diversion percentage.
- Average diverted per participating Albertsons location (~286,596 lbs) is roughly 177 % higher than Kroger鈥檚 (~103,634 lbs), implying potentially higher generation per store.
Financial Relevance: A cited Forbes article estimates Kroger鈥檚 food waste costs at ~US$5.6 billion (鈮�4 % of sales). The filer contends that Albertsons鈥� undisclosed鈥攁nd possibly larger鈥攆ood-waste footprint could have material cost implications.
Request to Shareholders: Vote 鈥淔OR鈥� Proposal Four to secure the basic data needed for oversight of progress toward the 90 % diversion commitment and to evaluate any financial exposure related to food waste.
Panoramica del Modulo PX14A6G: Accountability Board, Inc. ha presentato una Comunicazione di Sollecitazione Esente alla SEC per invitare gli azionisti di Albertsons Companies (ACI) a votare FAVOREVOLMENTE alla Proposta Quattro nel proxy del 2025. La proposta richiede la divulgazione annuale di (1) il totale di chili di spreco alimentare generato e (2) la percentuale di spreco deviata dalla discarica.
Argomentazioni Chiave del Proponente:
- Albertsons si 猫 pubblicamente impegnata a deviare il 90% dello spreco alimentare dalle discariche entro il 2030, ma non calcola n茅 divulga il tasso attuale di deviazione o il totale dello spreco generato.
- Il Consiglio si oppone sostenendo che i calcolatori di spreco alimentare del settore non sono affidabili, ma il proponente sostiene che una qualche forma di calcolo 猫 indispensabile per monitorare i progressi verso l鈥檕biettivo del 90%.
- Senza una base di riferimento o una metrica annuale, gli investitori non possono valutare l鈥檈fficacia o l鈥檈fficienza dei costi dei programmi di deviazione di Albertsons.
Confronto con il Peer Kroger (Anno Fiscale 2023):
- Kroger gestisce 2.722 sedi con oltre il 95% di partecipazione ai programmi di deviazione e riporta pubblicamente 525 milioni di libbre di spreco alimentare generato, deviando il 51% (~268 milioni di libbre).
- Albertsons gestisce 2.269 sedi; solo 鈥減i霉 della met脿鈥� partecipa ai programmi di deviazione. L鈥檃zienda dichiara 325 milioni di libbre deviate ma non riporta il totale dello spreco generato n茅 la percentuale di deviazione.
- La media di spreco deviato per sede partecipante di Albertsons (~286.596 libbre) 猫 circa il 177% superiore a quella di Kroger (~103.634 libbre), suggerendo una potenziale maggiore generazione per punto vendita.
Rilevanza Finanziaria: Un articolo citato di Forbes stima che i costi dello spreco alimentare di Kroger siano circa 5,6 miliardi di dollari USA (circa il 4% delle vendite). Il proponente sostiene che l鈥檌mpronta di spreco alimentare di Albertsons, non divulgata e possibilmente pi霉 grande, potrebbe avere implicazioni finanziarie significative.
Richiesta agli Azionisti: Votare 鈥淔AVOREVOLMENTE鈥� alla Proposta Quattro per ottenere i dati di base necessari a monitorare i progressi verso l鈥檌mpegno di deviazione del 90% e valutare eventuali esposizioni finanziarie legate allo spreco alimentare.
Resumen del Formulario PX14A6G: Accountability Board, Inc. ha presentado un Aviso de Solicitud Exenta ante la SEC para instar a los accionistas de Albertsons Companies (ACI) a votar A FAVOR de la Propuesta Cuatro en la reuni贸n proxy de 2025. La propuesta solicita la divulgaci贸n anual de (1) la cantidad total de libras de desperdicio de alimentos generadas y (2) el porcentaje desviado del relleno sanitario.
Argumentos Clave del Presentador:
- Albertsons se ha comprometido p煤blicamente a desviar el 90 % del desperdicio de alimentos del relleno sanitario para 2030, pero no calcula ni divulga su tasa actual de desviaci贸n ni el total de desperdicio generado.
- La oposici贸n de la Junta sostiene que las calculadoras de desperdicio alimentario de la industria no son confiables, pero el presentador argumenta que alg煤n tipo de c谩lculo es indispensable para monitorear el progreso hacia la meta del 90 %.
- Sin una l铆nea base o m茅trica anual, los inversionistas no pueden evaluar la efectividad ni la rentabilidad de los programas de desviaci贸n de Albertsons.
Comparaci贸n con el Par Kroger (A帽o Fiscal 2023):
- Kroger opera 2,722 ubicaciones con m谩s del 95 % de participaci贸n en programas de desviaci贸n y reporta p煤blicamente 525 millones de libras de desperdicio alimentario generado, desviando el 51 % (~268 millones de libras).
- Albertsons opera 2,269 ubicaciones; solo 鈥渕谩s de la mitad鈥� participa en programas de desviaci贸n. La empresa divulga 325 millones de libras desviadas pero no informa el total de desperdicio generado ni su porcentaje de desviaci贸n.
- El promedio desviado por ubicaci贸n participante de Albertsons (~286,596 libras) es aproximadamente un 177 % mayor que el de Kroger (~103,634 libras), lo que implica una generaci贸n potencialmente mayor por tienda.
Relevancia Financiera: Un art铆culo citado de Forbes estima que los costos de desperdicio alimentario de Kroger son aproximadamente US$5.6 mil millones (~4 % de las ventas). El presentador sostiene que la huella de desperdicio alimentario no divulgada y posiblemente mayor de Albertsons podr铆a tener implicaciones de costos materiales.
Solicitud a los Accionistas: Voten 鈥淎 FAVOR鈥� de la Propuesta Cuatro para asegurar los datos b谩sicos necesarios para supervisar el progreso hacia el compromiso de desviaci贸n del 90 % y evaluar cualquier exposici贸n financiera relacionada con el desperdicio alimentario.
PX14A6G 鞏戩嫕 臧滌殧: Accountability Board, Inc.電� SEC鞐� 氅挫牅 觳暯 瓿店碃毳� 鞝滌稖頃橃棳 Albertsons Companies(ACI) 欤检＜霌れ棎瓴� 2025雲� 鞙勳瀯鞛� 韴憸鞐愳劀 鞝滌晥靹� 4順胳棎 彀劚頃橂弰搿� 齑夑惮頃橁碃 鞛堨姷雼堧嫟. 鞚� 鞝滌晥靹滊姅 (1) 齑� 鞚岇嫕氍� 鞊半爤旮� 氚滌儩霟�(韺岇毚霌�)瓿� (2) 毵る歆�搿滊秬韯� 鞝勴櫂霅� 牍勳湪鞚� 鞐瓣皠 瓿店皽毳� 鞖旍箔頃╇媹雼�.
鞝滌稖鞛愳潣 欤检殧 欤检灔:
- 础濒产别谤迟蝉辞苍蝉电� 2030雲勱箤歆� 鞚岇嫕氍� 鞊半爤旮办潣 90%毳� 毵る歆�搿滊秬韯� 鞝勴櫂頃橁矤雼り碃 瓿店皽鞝侅溂搿� 鞎届啀頄堨溂雮�, 順勳灛 鞝勴櫂鞙澊雮� 齑� 鞊半爤旮� 氚滌儩霟夓潉 靷办稖頃橁卑雮� 瓿店皽頃橃 鞎婈碃 鞛堨姷雼堧嫟.
- 鞚挫偓須岆姅 鞐呹硠 鞚岇嫕氍� 鞊半爤旮� 瓿勳偘旮瓣皜 鞁犽頃� 靾� 鞐嗠嫟瓿� 氚橂寑頃橃毵�, 鞝滌稖鞛愲姅 90% 氇╉憸 雼劚鞚� 鞙勴暅 歆勴枆 靸來櫓 於旍爜鞐� 瓿勳偘鞚� 頃勳垬鞝侅澊霛缄碃 欤检灔頃╇媹雼�.
- 旮办靹犾澊雮� 鞐瓣皠 歆�響滉皜 鞐嗢溂氅� 韴瀽鞛愲摛鞚� Albertsons鞚� 鞝勴櫂 頂勲攴鸽灗鞚� 須臣靹膘澊雮� 牍勳毄 須湪靹膘潉 韽夑皜頃� 靾� 鞐嗢姷雼堧嫟.
霃欖鞐呾泊 Kroger鞕�鞚� 牍勱祼 (2023 須岅硠鞐半弰):
- Kroger電� 2,722臧� 毵れ灔鞚� 鞖挫榿頃橂┌ 95% 鞚挫儊鞚� 彀胳棳鞙 鞝勴櫂 頂勲攴鸽灗鞚� 鞁滍枆頃橁碃 5鞏� 2,500毵� 韺岇毚霌滌潣 鞚岇嫕氍� 鞊半爤旮� 氚滌儩霟夓潉 瓿店皽, 鞎� 51%(鞎� 2鞏� 6,800毵� 韺岇毚霌�)毳� 鞝勴櫂頃橁碃 鞛堨姷雼堧嫟.
- 础濒产别谤迟蝉辞苍蝉电� 2,269臧� 毵れ灔鞚� 鞖挫榿頃橂┌ 鈥滌爤氚� 鞚挫儊鈥濍 鞝勴櫂 頂勲攴鸽灗鞐� 彀胳棳頃╇媹雼�. 須岇偓電� 3鞏� 2,500毵� 韺岇毚霌滊ゼ 鞝勴櫂頄堧嫟瓿� 瓿店皽頃橃毵� 齑� 氚滌儩霟夓澊雮� 鞝勴櫂 牍勳湪鞚� 瓿店皽頃橃 鞎婌姷雼堧嫟.
- 彀胳棳 毵れ灔雼� 韽夑窢 鞝勴櫂霟�(鞎� 286,596韺岇毚霌�)鞚� Kroger(鞎� 103,634韺岇毚霌�)氤措嫟 鞎� 177% 雴掛晞 毵れ灔雼� 氚滌儩霟夓澊 雿� 毵庫潉 臧�電レ劚鞚� 鞁滌偓頃╇媹雼�.
鞛鞝� 欷戩殧靹�: Forbes 旮办偓鞐� 霐半ゴ氅� Kroger鞚� 鞚岇嫕氍� 鞊半爤旮� 牍勳毄鞚� 鞎� 56鞏� 雼煬(毵れ稖鞚� 鞎� 4%)搿� 於旍偘霅╇媹雼�. 鞝滌稖鞛愲姅 Albertsons鞚� 瓿店皽霅橃 鞎婌晿瓿� 鞎勲霃� 雿� 韥� 鞚岇嫕氍� 鞊半爤旮� 攴滊臧� 鞛鞝� 牍勳毄鞐� 欷戨寑頃� 鞓來枼鞚� 氙胳範 靾� 鞛堧嫟瓿� 欤检灔頃╇媹雼�.
欤检＜ 鞖旍箔: 90% 鞝勴櫂 鞎届啀鞐� 雽�頃� 歆勴枆 靸來櫓 臧愲弲瓿� 鞚岇嫕氍� 鞊半爤旮� 甏�霠� 鞛 鞙勴棙 韽夑皜鞐� 頃勳殧頃� 旮半掣 雿办澊韯半ゼ 頇曤炒頃橁赴 鞙勴暣 鞝滌晥靹� 4順胳棎 彀劚 韴憸頃� 欤检嫮鞁滌槫.
Pr茅sentation du formulaire PX14A6G : Accountability Board, Inc. a d茅pos茅 un avis de sollicitation exempt茅e aupr猫s de la SEC pour inciter les actionnaires d'Albertsons Companies (ACI) 脿 voter POUR la proposition quatre lors de la r茅union 2025. La proposition demande la divulgation annuelle de (1) la quantit茅 totale de d茅chets alimentaires g茅n茅r茅s en livres et (2) le pourcentage d茅tourn茅 de la mise en d茅charge.
Arguments cl茅s du d茅posant :
- Albertsons s'est publiquement engag茅 脿 d茅tourner 90 % des d茅chets alimentaires des d茅charges d'ici 2030, mais ne calcule ni ne divulgue son taux actuel de d茅tournement ni le total des d茅chets g茅n茅r茅s.
- Le conseil d'administration s'oppose en qualifiant les calculateurs de d茅chets alimentaires de l'industrie d'inefficaces, mais le d茅posant soutient qu'une forme de calcul est indispensable pour suivre les progr猫s vers l'objectif de 90 %.
- Sans base de r茅f茅rence ni indicateur annuel, les investisseurs ne peuvent pas 茅valuer l'efficacit茅 ou la rentabilit茅 des programmes de d茅tournement d'Albertsons.
Comparaison avec le pair Kroger (exercice 2023) :
- Kroger exploite 2 722 sites avec une participation >95 % aux programmes de d茅tournement et rapporte publiquement 525 millions de livres de d茅chets alimentaires g茅n茅r茅s, en d茅tournant 51 % (~268 millions de livres).
- Albertsons exploite 2 269 sites ; seulement 芦 plus de la moiti茅 禄 participent aux programmes de d茅tournement. La soci茅t茅 divulgue 325 millions de livres d茅tourn茅es mais ne rapporte pas le total des d茅chets g茅n茅r茅s ni son pourcentage de d茅tournement.
- La moyenne d茅tourn茅e par site Albertsons participant (~286 596 livres) est environ 177 % plus 茅lev茅e que celle de Kroger (~103 634 livres), ce qui sugg猫re une g茅n茅ration potentiellement plus 茅lev茅e par magasin.
Importance financi猫re : Un article cit茅 de Forbes estime les co没ts des d茅chets alimentaires de Kroger 脿 environ 5,6 milliards de dollars US (鈮�4 % des ventes). Le d茅posant affirme que l'empreinte alimentaire non divulgu茅e 鈥� et possiblement plus importante 鈥� d'Albertsons pourrait avoir des implications financi猫res significatives.
Demande aux actionnaires : Votez 芦 POUR 禄 la proposition quatre pour obtenir les donn茅es de base n茅cessaires 脿 la surveillance des progr猫s vers l'engagement de d茅tournement de 90 % et pour 茅valuer toute exposition financi猫re li茅e aux d茅chets alimentaires.
脺berblick 眉ber Formular PX14A6G: Accountability Board, Inc. hat bei der SEC eine Mitteilung 眉ber eine von der Registrierung ausgenommene Aufforderung eingereicht, um die Aktion盲re von Albertsons Companies (ACI) aufzufordern, f眉r Vorschlag Vier bei der Hauptversammlung 2025 zu stimmen. Der Vorschlag fordert die j盲hrliche Offenlegung von (1) der Gesamtmenge an erzeugtem Lebensmittelabfall in Pfund und (2) dem Prozentsatz, der von der Deponie abgewendet wurde.
Wesentliche Argumente des Einreichers:
- Albertsons hat sich 枚ffentlich verpflichtet, bis 2030 90 % des Lebensmittelabfalls von der Deponie abzulenken, berechnet oder ver枚ffentlicht jedoch nicht die aktuelle Ablenkungsrate oder die Gesamtmenge des erzeugten Abfalls.
- Der Vorstand lehnt dies ab und bezeichnet die branchen眉blichen Lebensmittelabfall-Rechner als unzuverl盲ssig, aber der Einreicher argumentiert, dass eine Form der Berechnung unerl盲sslich ist, um den Fortschritt zum 90 %-Ziel zu verfolgen.
- Ohne eine Basislinie oder j盲hrliche Kennzahl k枚nnen Investoren die Effektivit盲t oder Kosteneffizienz der Ablenkungsprogramme von Albertsons nicht bewerten.
Vergleich mit dem Wettbewerber Kroger (Gesch盲ftsjahr 2023):
- Kroger betreibt 2.722 Standorte mit 眉ber 95 % Teilnahme an Ablenkungsprogrammen und berichtet 枚ffentlich 眉ber 525 Millionen Pfund erzeugten Lebensmittelabfall, von dem 51 % (~268 Millionen Pfund) abgelenkt werden.
- Albertsons betreibt 2.269 Standorte; nur 鈥瀖ehr als die H盲lfte鈥� nimmt an Ablenkungsprogrammen teil. Das Unternehmen gibt 325 Millionen Pfund abgelenkt an, berichtet jedoch nicht 眉ber die Gesamtmenge des erzeugten Abfalls oder den Ablenkungsprozentsatz.
- Der durchschnittlich abgelenkte Abfall pro teilnehmendem Albertsons-Standort (~286.596 Pfund) ist etwa 177 % h枚her als bei Kroger (~103.634 Pfund), was auf eine potenziell h枚here Erzeugung pro Filiale hindeutet.
Finanzielle Relevanz: Ein zitierter Forbes-Artikel sch盲tzt die Lebensmittelabfallkosten von Kroger auf ca. 5,6 Milliarden US-Dollar (etwa 4 % des Umsatzes). Der Einreicher argumentiert, dass die nicht offengelegte 鈥� und m枚glicherweise gr枚脽ere 鈥� Lebensmittelabfallmenge von Albertsons wesentliche Kostenfolgen haben k枚nnte.
Aufruf an die Aktion盲re: Stimmen Sie 鈥濬脺R鈥� Vorschlag Vier, um die grundlegenden Daten zur 脺berwachung des Fortschritts beim 90 %-Ablenkungsziel zu erhalten und m枚gliche finanzielle Risiken im Zusammenhang mit Lebensmittelabf盲llen zu bewerten.
- 325 million lbs of food waste diverted in FY 2023, demonstrating existing diversion activity.
- 90 % diversion target by 2030 indicates a clear long-term environmental goal.
- No disclosure of total food waste generated, preventing calculation of diversion percentage or progress tracking.
- Only "more than half" of locations have diversion programs, compared with >95 % at Kroger, suggesting operational lag.
- Board opposes providing basic waste metrics, creating transparency and governance concerns.
- Albertsons may incur material, undisclosed food-waste costs if generation per store exceeds peers.
Insights
TL;DR: Lack of disclosure on food-waste metrics may mask material costs; shareholder proposal aims to close this gap.
The filing highlights a governance and cost-control issue rather than immediate earnings impact. Albertsons鈥� 90 % diversion pledge signals commitment, but without baseline data, investors cannot quantify progress or financial exposure. Peer data show Kroger鈥檚 waste equals 鈮圲S$5.6 billion annually; if Albertsons generates more waste per site, the cost could be significant relative to its sales base. Absent clear reporting, investors face uncertainty around potential margin drag and capital allocation for diversion programs. Supporting the proposal could improve transparency and allow more accurate modelling of waste-related expenses.
TL;DR: Proposal Four addresses a transparency deficit and aligns with emerging ESG disclosure norms.
From a governance lens, the Board鈥檚 resistance to quantify performance against its own 90 % target is inconsistent with best-practice ESG reporting. Investors increasingly expect auditable metrics on environmental commitments. Kroger鈥檚 detailed reporting sets an industry benchmark; Albertsons鈥� omission exposes the company to reputational and proxy-advisor scrutiny. Passing the proposal would impose minimal burden鈥攐nly two data points鈥攚hile providing material information for risk assessment. The exempt solicitation is therefore viewed as moderately impactful for upcoming proxy voting outcomes and long-term disclosure standards.
Panoramica del Modulo PX14A6G: Accountability Board, Inc. ha presentato una Comunicazione di Sollecitazione Esente alla SEC per invitare gli azionisti di Albertsons Companies (ACI) a votare FAVOREVOLMENTE alla Proposta Quattro nel proxy del 2025. La proposta richiede la divulgazione annuale di (1) il totale di chili di spreco alimentare generato e (2) la percentuale di spreco deviata dalla discarica.
Argomentazioni Chiave del Proponente:
- Albertsons si 猫 pubblicamente impegnata a deviare il 90% dello spreco alimentare dalle discariche entro il 2030, ma non calcola n茅 divulga il tasso attuale di deviazione o il totale dello spreco generato.
- Il Consiglio si oppone sostenendo che i calcolatori di spreco alimentare del settore non sono affidabili, ma il proponente sostiene che una qualche forma di calcolo 猫 indispensabile per monitorare i progressi verso l鈥檕biettivo del 90%.
- Senza una base di riferimento o una metrica annuale, gli investitori non possono valutare l鈥檈fficacia o l鈥檈fficienza dei costi dei programmi di deviazione di Albertsons.
Confronto con il Peer Kroger (Anno Fiscale 2023):
- Kroger gestisce 2.722 sedi con oltre il 95% di partecipazione ai programmi di deviazione e riporta pubblicamente 525 milioni di libbre di spreco alimentare generato, deviando il 51% (~268 milioni di libbre).
- Albertsons gestisce 2.269 sedi; solo 鈥減i霉 della met脿鈥� partecipa ai programmi di deviazione. L鈥檃zienda dichiara 325 milioni di libbre deviate ma non riporta il totale dello spreco generato n茅 la percentuale di deviazione.
- La media di spreco deviato per sede partecipante di Albertsons (~286.596 libbre) 猫 circa il 177% superiore a quella di Kroger (~103.634 libbre), suggerendo una potenziale maggiore generazione per punto vendita.
Rilevanza Finanziaria: Un articolo citato di Forbes stima che i costi dello spreco alimentare di Kroger siano circa 5,6 miliardi di dollari USA (circa il 4% delle vendite). Il proponente sostiene che l鈥檌mpronta di spreco alimentare di Albertsons, non divulgata e possibilmente pi霉 grande, potrebbe avere implicazioni finanziarie significative.
Richiesta agli Azionisti: Votare 鈥淔AVOREVOLMENTE鈥� alla Proposta Quattro per ottenere i dati di base necessari a monitorare i progressi verso l鈥檌mpegno di deviazione del 90% e valutare eventuali esposizioni finanziarie legate allo spreco alimentare.
Resumen del Formulario PX14A6G: Accountability Board, Inc. ha presentado un Aviso de Solicitud Exenta ante la SEC para instar a los accionistas de Albertsons Companies (ACI) a votar A FAVOR de la Propuesta Cuatro en la reuni贸n proxy de 2025. La propuesta solicita la divulgaci贸n anual de (1) la cantidad total de libras de desperdicio de alimentos generadas y (2) el porcentaje desviado del relleno sanitario.
Argumentos Clave del Presentador:
- Albertsons se ha comprometido p煤blicamente a desviar el 90 % del desperdicio de alimentos del relleno sanitario para 2030, pero no calcula ni divulga su tasa actual de desviaci贸n ni el total de desperdicio generado.
- La oposici贸n de la Junta sostiene que las calculadoras de desperdicio alimentario de la industria no son confiables, pero el presentador argumenta que alg煤n tipo de c谩lculo es indispensable para monitorear el progreso hacia la meta del 90 %.
- Sin una l铆nea base o m茅trica anual, los inversionistas no pueden evaluar la efectividad ni la rentabilidad de los programas de desviaci贸n de Albertsons.
Comparaci贸n con el Par Kroger (A帽o Fiscal 2023):
- Kroger opera 2,722 ubicaciones con m谩s del 95 % de participaci贸n en programas de desviaci贸n y reporta p煤blicamente 525 millones de libras de desperdicio alimentario generado, desviando el 51 % (~268 millones de libras).
- Albertsons opera 2,269 ubicaciones; solo 鈥渕谩s de la mitad鈥� participa en programas de desviaci贸n. La empresa divulga 325 millones de libras desviadas pero no informa el total de desperdicio generado ni su porcentaje de desviaci贸n.
- El promedio desviado por ubicaci贸n participante de Albertsons (~286,596 libras) es aproximadamente un 177 % mayor que el de Kroger (~103,634 libras), lo que implica una generaci贸n potencialmente mayor por tienda.
Relevancia Financiera: Un art铆culo citado de Forbes estima que los costos de desperdicio alimentario de Kroger son aproximadamente US$5.6 mil millones (~4 % de las ventas). El presentador sostiene que la huella de desperdicio alimentario no divulgada y posiblemente mayor de Albertsons podr铆a tener implicaciones de costos materiales.
Solicitud a los Accionistas: Voten 鈥淎 FAVOR鈥� de la Propuesta Cuatro para asegurar los datos b谩sicos necesarios para supervisar el progreso hacia el compromiso de desviaci贸n del 90 % y evaluar cualquier exposici贸n financiera relacionada con el desperdicio alimentario.
PX14A6G 鞏戩嫕 臧滌殧: Accountability Board, Inc.電� SEC鞐� 氅挫牅 觳暯 瓿店碃毳� 鞝滌稖頃橃棳 Albertsons Companies(ACI) 欤检＜霌れ棎瓴� 2025雲� 鞙勳瀯鞛� 韴憸鞐愳劀 鞝滌晥靹� 4順胳棎 彀劚頃橂弰搿� 齑夑惮頃橁碃 鞛堨姷雼堧嫟. 鞚� 鞝滌晥靹滊姅 (1) 齑� 鞚岇嫕氍� 鞊半爤旮� 氚滌儩霟�(韺岇毚霌�)瓿� (2) 毵る歆�搿滊秬韯� 鞝勴櫂霅� 牍勳湪鞚� 鞐瓣皠 瓿店皽毳� 鞖旍箔頃╇媹雼�.
鞝滌稖鞛愳潣 欤检殧 欤检灔:
- 础濒产别谤迟蝉辞苍蝉电� 2030雲勱箤歆� 鞚岇嫕氍� 鞊半爤旮办潣 90%毳� 毵る歆�搿滊秬韯� 鞝勴櫂頃橁矤雼り碃 瓿店皽鞝侅溂搿� 鞎届啀頄堨溂雮�, 順勳灛 鞝勴櫂鞙澊雮� 齑� 鞊半爤旮� 氚滌儩霟夓潉 靷办稖頃橁卑雮� 瓿店皽頃橃 鞎婈碃 鞛堨姷雼堧嫟.
- 鞚挫偓須岆姅 鞐呹硠 鞚岇嫕氍� 鞊半爤旮� 瓿勳偘旮瓣皜 鞁犽頃� 靾� 鞐嗠嫟瓿� 氚橂寑頃橃毵�, 鞝滌稖鞛愲姅 90% 氇╉憸 雼劚鞚� 鞙勴暅 歆勴枆 靸來櫓 於旍爜鞐� 瓿勳偘鞚� 頃勳垬鞝侅澊霛缄碃 欤检灔頃╇媹雼�.
- 旮办靹犾澊雮� 鞐瓣皠 歆�響滉皜 鞐嗢溂氅� 韴瀽鞛愲摛鞚� Albertsons鞚� 鞝勴櫂 頂勲攴鸽灗鞚� 須臣靹膘澊雮� 牍勳毄 須湪靹膘潉 韽夑皜頃� 靾� 鞐嗢姷雼堧嫟.
霃欖鞐呾泊 Kroger鞕�鞚� 牍勱祼 (2023 須岅硠鞐半弰):
- Kroger電� 2,722臧� 毵れ灔鞚� 鞖挫榿頃橂┌ 95% 鞚挫儊鞚� 彀胳棳鞙 鞝勴櫂 頂勲攴鸽灗鞚� 鞁滍枆頃橁碃 5鞏� 2,500毵� 韺岇毚霌滌潣 鞚岇嫕氍� 鞊半爤旮� 氚滌儩霟夓潉 瓿店皽, 鞎� 51%(鞎� 2鞏� 6,800毵� 韺岇毚霌�)毳� 鞝勴櫂頃橁碃 鞛堨姷雼堧嫟.
- 础濒产别谤迟蝉辞苍蝉电� 2,269臧� 毵れ灔鞚� 鞖挫榿頃橂┌ 鈥滌爤氚� 鞚挫儊鈥濍 鞝勴櫂 頂勲攴鸽灗鞐� 彀胳棳頃╇媹雼�. 須岇偓電� 3鞏� 2,500毵� 韺岇毚霌滊ゼ 鞝勴櫂頄堧嫟瓿� 瓿店皽頃橃毵� 齑� 氚滌儩霟夓澊雮� 鞝勴櫂 牍勳湪鞚� 瓿店皽頃橃 鞎婌姷雼堧嫟.
- 彀胳棳 毵れ灔雼� 韽夑窢 鞝勴櫂霟�(鞎� 286,596韺岇毚霌�)鞚� Kroger(鞎� 103,634韺岇毚霌�)氤措嫟 鞎� 177% 雴掛晞 毵れ灔雼� 氚滌儩霟夓澊 雿� 毵庫潉 臧�電レ劚鞚� 鞁滌偓頃╇媹雼�.
鞛鞝� 欷戩殧靹�: Forbes 旮办偓鞐� 霐半ゴ氅� Kroger鞚� 鞚岇嫕氍� 鞊半爤旮� 牍勳毄鞚� 鞎� 56鞏� 雼煬(毵れ稖鞚� 鞎� 4%)搿� 於旍偘霅╇媹雼�. 鞝滌稖鞛愲姅 Albertsons鞚� 瓿店皽霅橃 鞎婌晿瓿� 鞎勲霃� 雿� 韥� 鞚岇嫕氍� 鞊半爤旮� 攴滊臧� 鞛鞝� 牍勳毄鞐� 欷戨寑頃� 鞓來枼鞚� 氙胳範 靾� 鞛堧嫟瓿� 欤检灔頃╇媹雼�.
欤检＜ 鞖旍箔: 90% 鞝勴櫂 鞎届啀鞐� 雽�頃� 歆勴枆 靸來櫓 臧愲弲瓿� 鞚岇嫕氍� 鞊半爤旮� 甏�霠� 鞛 鞙勴棙 韽夑皜鞐� 頃勳殧頃� 旮半掣 雿办澊韯半ゼ 頇曤炒頃橁赴 鞙勴暣 鞝滌晥靹� 4順胳棎 彀劚 韴憸頃� 欤检嫮鞁滌槫.
Pr茅sentation du formulaire PX14A6G : Accountability Board, Inc. a d茅pos茅 un avis de sollicitation exempt茅e aupr猫s de la SEC pour inciter les actionnaires d'Albertsons Companies (ACI) 脿 voter POUR la proposition quatre lors de la r茅union 2025. La proposition demande la divulgation annuelle de (1) la quantit茅 totale de d茅chets alimentaires g茅n茅r茅s en livres et (2) le pourcentage d茅tourn茅 de la mise en d茅charge.
Arguments cl茅s du d茅posant :
- Albertsons s'est publiquement engag茅 脿 d茅tourner 90 % des d茅chets alimentaires des d茅charges d'ici 2030, mais ne calcule ni ne divulgue son taux actuel de d茅tournement ni le total des d茅chets g茅n茅r茅s.
- Le conseil d'administration s'oppose en qualifiant les calculateurs de d茅chets alimentaires de l'industrie d'inefficaces, mais le d茅posant soutient qu'une forme de calcul est indispensable pour suivre les progr猫s vers l'objectif de 90 %.
- Sans base de r茅f茅rence ni indicateur annuel, les investisseurs ne peuvent pas 茅valuer l'efficacit茅 ou la rentabilit茅 des programmes de d茅tournement d'Albertsons.
Comparaison avec le pair Kroger (exercice 2023) :
- Kroger exploite 2 722 sites avec une participation >95 % aux programmes de d茅tournement et rapporte publiquement 525 millions de livres de d茅chets alimentaires g茅n茅r茅s, en d茅tournant 51 % (~268 millions de livres).
- Albertsons exploite 2 269 sites ; seulement 芦 plus de la moiti茅 禄 participent aux programmes de d茅tournement. La soci茅t茅 divulgue 325 millions de livres d茅tourn茅es mais ne rapporte pas le total des d茅chets g茅n茅r茅s ni son pourcentage de d茅tournement.
- La moyenne d茅tourn茅e par site Albertsons participant (~286 596 livres) est environ 177 % plus 茅lev茅e que celle de Kroger (~103 634 livres), ce qui sugg猫re une g茅n茅ration potentiellement plus 茅lev茅e par magasin.
Importance financi猫re : Un article cit茅 de Forbes estime les co没ts des d茅chets alimentaires de Kroger 脿 environ 5,6 milliards de dollars US (鈮�4 % des ventes). Le d茅posant affirme que l'empreinte alimentaire non divulgu茅e 鈥� et possiblement plus importante 鈥� d'Albertsons pourrait avoir des implications financi猫res significatives.
Demande aux actionnaires : Votez 芦 POUR 禄 la proposition quatre pour obtenir les donn茅es de base n茅cessaires 脿 la surveillance des progr猫s vers l'engagement de d茅tournement de 90 % et pour 茅valuer toute exposition financi猫re li茅e aux d茅chets alimentaires.
脺berblick 眉ber Formular PX14A6G: Accountability Board, Inc. hat bei der SEC eine Mitteilung 眉ber eine von der Registrierung ausgenommene Aufforderung eingereicht, um die Aktion盲re von Albertsons Companies (ACI) aufzufordern, f眉r Vorschlag Vier bei der Hauptversammlung 2025 zu stimmen. Der Vorschlag fordert die j盲hrliche Offenlegung von (1) der Gesamtmenge an erzeugtem Lebensmittelabfall in Pfund und (2) dem Prozentsatz, der von der Deponie abgewendet wurde.
Wesentliche Argumente des Einreichers:
- Albertsons hat sich 枚ffentlich verpflichtet, bis 2030 90 % des Lebensmittelabfalls von der Deponie abzulenken, berechnet oder ver枚ffentlicht jedoch nicht die aktuelle Ablenkungsrate oder die Gesamtmenge des erzeugten Abfalls.
- Der Vorstand lehnt dies ab und bezeichnet die branchen眉blichen Lebensmittelabfall-Rechner als unzuverl盲ssig, aber der Einreicher argumentiert, dass eine Form der Berechnung unerl盲sslich ist, um den Fortschritt zum 90 %-Ziel zu verfolgen.
- Ohne eine Basislinie oder j盲hrliche Kennzahl k枚nnen Investoren die Effektivit盲t oder Kosteneffizienz der Ablenkungsprogramme von Albertsons nicht bewerten.
Vergleich mit dem Wettbewerber Kroger (Gesch盲ftsjahr 2023):
- Kroger betreibt 2.722 Standorte mit 眉ber 95 % Teilnahme an Ablenkungsprogrammen und berichtet 枚ffentlich 眉ber 525 Millionen Pfund erzeugten Lebensmittelabfall, von dem 51 % (~268 Millionen Pfund) abgelenkt werden.
- Albertsons betreibt 2.269 Standorte; nur 鈥瀖ehr als die H盲lfte鈥� nimmt an Ablenkungsprogrammen teil. Das Unternehmen gibt 325 Millionen Pfund abgelenkt an, berichtet jedoch nicht 眉ber die Gesamtmenge des erzeugten Abfalls oder den Ablenkungsprozentsatz.
- Der durchschnittlich abgelenkte Abfall pro teilnehmendem Albertsons-Standort (~286.596 Pfund) ist etwa 177 % h枚her als bei Kroger (~103.634 Pfund), was auf eine potenziell h枚here Erzeugung pro Filiale hindeutet.
Finanzielle Relevanz: Ein zitierter Forbes-Artikel sch盲tzt die Lebensmittelabfallkosten von Kroger auf ca. 5,6 Milliarden US-Dollar (etwa 4 % des Umsatzes). Der Einreicher argumentiert, dass die nicht offengelegte 鈥� und m枚glicherweise gr枚脽ere 鈥� Lebensmittelabfallmenge von Albertsons wesentliche Kostenfolgen haben k枚nnte.
Aufruf an die Aktion盲re: Stimmen Sie 鈥濬脺R鈥� Vorschlag Vier, um die grundlegenden Daten zur 脺berwachung des Fortschritts beim 90 %-Ablenkungsziel zu erhalten und m枚gliche finanzielle Risiken im Zusammenhang mit Lebensmittelabf盲llen zu bewerten.
United States
Securities and Exchange Commission
Washington, DC 20549
Notice of Exempt Solicitation
| 1. | Name of Registrant: |
ALBERTSONS COMPANIES
| 2. | Name of persons relying on exemption: |
THE ACCOUNTABILITY BOARD, INC.
| 3. | Addresses of persons relying on exemption: |
401 Edgewater Pl #600, Wakefield, MA 01880
| 4. | Written materials: |
The attached written materials are submitted pursuant to a voluntary application of Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934. Submission is not required of this filer under the terms of the Rule but is made in the interest of public disclosure and consideration of these important issues.
June 24, 2025
Dear fellow shareholders,
Our proposal in Albertsons’ proxy statement—Proposal Four—seeks disclosure about how much food waste Albertsons generates and the percentage of that amount diverted from landfills.
The logical flaw in the Board’s opposition statement lies in its fundamental contradictions. On the one hand, Albertsons has set a goal to reach a 90% diversion rate of food waste kept from landfills by 2030. Yet the company claims it doesn’t believe it should report its annual diversion rate, or even calculate it. The most obvious—and troubling—question then is: how can shareholders know whether Albertsons is on track to reach its goal, or what its current diversion rate actually is?
The Board criticizes industry calculators as inaccurate for baseline food waste measurements and diversion reduction percentages, but the company’s own goal for a 90% food waste diversion rate by 2030 necessarily requires that it adopt some sort of calculations of waste generated and diverted. Otherwise, it can’t know when it reaches its target (or how far it yet must go to achieve it).
Further, there’s a gaping deficiency in the Board’s claim that Albertsons can reach its target simply by implementing diversion programs throughout its operations without actually estimating its total food waste generated: there’d be no way to measure the efficiency or effectiveness of those diversion programs. Without a baseline measurement against which to compare its annual food waste diversion, the company won’t be able to assure that any of its diversion programs are being “adhered to” or reaching the declared target rate by 2030.
Importantly, the opposition statement criticizes certain food waste calculators that aren’t even called for by the proposal. The company wrongly implies that the proposal calls for an annual food waste reduction percentage. Not so. In fact, the proposal is clear and calls only for the two indispensable data points necessary to assess the company’s own programmatic goals: (1) the total amount of food waste generated and (2) the percentage of that amount diverted from landfills. Knowing those critical data points will allow shareholders to follow the company’s progress on its way to (and when it reaches) its declared target of a 90% food waste landfill diversion rate by 2030.
Consider the concerns—including of a financial nature—that arise from a brief food waste comparison between Albertsons and one of its top rivals, Kroger.
According to a 2022 Forbes article, at Kroger, food waste represents an estimated 4% of annual sales, or about $5.6 billion. And, as the article says, “that’s for a business that’s actively working to reduce it.” (See bit.ly/ForbesFoodWasteArticle.)
Although Albertsons’ opposition statement touts the company’s food waste initiatives, an analysis of its disclosures indicates serious—and potentially extremely costly—concerns about its management of this issue.
Using data from Kroger’s 2024 ESG report (pp. 14 and 75), Albertsons’ opposition statement, and each company’s Form 10-K, here’s how Albertsons compared to its rival in fiscal 2023 on (1) food waste generation, and (2) food waste diversion:
| Kroger | Albertsons | |
| Total number of locations in FY 2023 | 2,722 | 2,269 |
| Food Waste Generated | ||
| Total food waste generated (lbs) | 525 million | Not disclosed |
| Food Waste Diversion Efforts | ||
| Locations with food waste recycling/diversion programs (%) | > 95% | “More than half” |
| Locations with food waste recycling/diversion programs (#) | > 2,586 | > 1,134 |
| Food waste diverted from total amount generated (%) | 51% | Not disclosed |
| Amount of food waste diverted (lbs) | ~268 million | 325 million |
| Average diverted per participating location (lbs) | ~103,634 | ~286,596 |
Note that nearly all Kroger locations participate in food waste diversion initiatives but only about half of Albertsons locations do. That alone strikes us as hugely problematic. Moreover, for each participating location, Albertsons is diverting approximately 287,000 lbs. of food waste—which is approximately 177% more than is diverted from each participating Kroger location.
To us, this suggests Albertsons is likely generating a far greater amount of waste per location than Kroger. Since the Forbes article referenced above says food waste costs Kroger almost $6 billion each year, if Albertsons is indeed generating much more than Kroger then how much more is that additional food waste costing Albertsons?
Of course, we recognize that Albertsons’ much higher per-location diversion average doesn’t necessarily mean a comparably higher amount of food waste generation; but the problem is, there’s no way to know for certain, since unlike Kroger, Albertsons refuses to disclose the total amount of food waste it generates. That’s precisely why our proposal seeks this information.
So, while the Board’s opposition statement touts its food waste efforts, the evidence shows that Albertsons may be seriously lagging Kroger, and that there may be fundamental flaws in its management of this issue. Indeed, although we needn’t look further than the fact that all Kroger locations divert food waste while Albertsons vaguely puts its number somewhere above the halfway mark, when we do look further, the numbers paint a highly concerning picture and raise highly material questions.
Since there are such significant financial implications associated with food waste, we believe adoption of our proposal is warranted, as it would provide the basic information needed to sufficiently assess the scope of the problem and the efficacy (or lack thereof) of Albertsons’ related initiatives. Thank you.
We’re not asking for and can’t accept your proxy. Please vote “FOR” Proposal Four.
Source:
FAQ
What does Proposal Four in Albertsons (ACI) 2025 proxy ask for?
Why is the Accountability Board urging a FOR vote on Proposal Four?
How does Albertsons鈥� food-waste program compare to Kroger鈥檚?
What financial impact could undisclosed food waste have on Albertsons (ACI)?
Does the proposal require Albertsons to calculate waste-reduction percentages?
