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If you are a current long-term stockholder of shares of SYSCO Corporation (NYSE:SYY), you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
Nov. 27, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in shares of SYSCO Corporation (NYSE:SYY) was announced concerning whether certain officers and directors of SYSCO Corporation breached their fiduciary duties in connection with the compensation practices of certain executives at SYSCO Corporation.
The investigation by a law firm focuses on conduct by certain directors and officers of SYSCO Corporation in connection with the compensation provided to certain of its executive officers.
SYSCO Corporation (NYSE:SYY) reported that its Total Revenue rose from over $39.32 billion for the 52 weeks period that ended on July 2, 2011 to over $42.38 billion for the 52 weeks period that ended on June 30, 2012. However its Net Income over the respective time periods decreased from over $1.15 billion to over $1.12 billion.
Shares of SYSCO Corporation (NYSE:SYY) grew from $21.51 per share in July 2009 to as high as $32.42 per share. In 2012 NYSE:SYY shares for the most part traded under $30 per share.
The compensation of certain top officials at SYSCO Corporation (NYSE:SYY) increased significantly between 2011 and 2012. For instance the President and CEOs pay increased from over $5.72 million in 2011 to over $8.83 million in 2012.
