Skip to main content

Nash Finch executives out after buyout by Michigan wholesaler


Edina-based grocery wholesaler Nash Finch Co. is losing four top executives once a Michigan-based wholesaler takes over operations after it completes its buyout, the Star Tribune reports.

Spartan Stores bought out Nash Finch for $1.3 billion in July. The transaction is expected to be completed by the end of year.

Nash Finch said in a filing with the Securities and Exchange Commission Thursday that at the request of Spartan, CEO Alec Covington, chief financial officer Robert Dimond, chief information officer Calvin Sihilling and chief operating officer for wholesale and retail Kevin Elliott were all terminated last week.

All four will be compensated in the millions per a "change of control" agreement. The SEC filing says Covington will walk away with $17 million, which includes $8.5 million in deferred compensation.

Once combined, the companies will have 22 distribution centers that cover 37 states and 177 retail stores.

The companies announced in a press release last month that the sale cleared the waiting period required by the Hart-Scott-Rodino act with no action by the Federal Trade Commission or the Department of Justice.

The HSR period is required in order for a transaction to be completed.

Next Up

D'Angelo Russell

With KAT out, Timberwolves can't upset Nets

D'Angelo Russell stepped up but couldn't overcome Brooklyn's firepower.

Everson Griffen Vikings dot com

Everson Griffen confirms he has bipolar disorder

"I’ve been running from it a long time. I’m not ashamed of it anymore.”

Angela Renee Jones, St. Cloud murder suspect

St. Cloud suspect now charged in two local murder cases

Both murders happened within a day of each other in June.

st anthony 3 crop

Twin Cities police ask for help finding missing 16-year-old

Police say all her family and friends have been contacted, and none of them know where she is.

mpd suspect 12.3.21 - 1 - CROP

MPD releases photos of shooting suspect, asks for public's help

The man is wanted in connection with a fatal shooting that happened Wednesday evening.

redmons popcorn colbert 2

Support grows for Redmon's Popcorn after shop's sudden closure

The county also commented on the situation, saying it hopes to help owner Zack Redmon.

prior lake high school

Prior Lake HS investigating another 'racist' video involving student

The principal said the social media video was reported to them this week.

Screen Shot 2021-12-03 at 3.08.27 PM

Walz: Minnesota has secured 1 million rapid, at-home COVID tests for kids

It comes as the delta variant continues to surge in Minnesota, and the omicron variant might follow.

boundary waters

Forest Service limiting permits to BWCAW due to damage, overcrowding

Visitors have been cutting down trees and have been forced to compete for campsites.

police lights

Lockdown update: Armed man threatened to go to Kimball High School

A high school and elementary school near St. Cloud went into lockdown as a precaution.

chaska sewer

People in Chaska are flushing the wrong crap down the toilet

Water and sewer crews in Chaska have had to clean the same pump four times in the past seven days.


Edina-based Nash Finch buys 18 supermarkets

The food distributor is acquiring 18 No Frills Supermarkets in Nebraska and Iowa. The deal is expected to be complete in the third quarter.