AN IMPORTANT MESSAGE FROM PRESIDENT JOHN T. NICCOLLAI - 10-13-2020

AN IMPORTANT MESSAGE FROM PRESIDENT JOHN T. NICCOLLAI - TUESDAY, OCTOBER 13, 2020

KINGS BANKRUPTCY UPDATE

President Niccollai reported this evening, Tuesday, October 13, 2020, that ACME was the successful bidder at the auction conducted through the Bankruptcy court.

The bid submitted by ACME was for almost the entire complement of locations presently operated by Kings.  There are several stores with lease or location problems that may or may not be resolved.  Obviously, the Union seeks jobs for everyone and we will do everything humanly possible to achieve that result.  President Niccollai

reported further he will be in contact with ACME tomorrow to tie up as many loose ends as possible and to protect our jobs, medical program, and pensions.

The Local Union views the acceptance of ACME's bid as a positive for our Brothers and Sisters from Kings.  We will be dealing with a company run by supermarket operators

as opposed to investors and, further, we presently have an excellent working relationship with the ACME company executives and field supervision.

We will do another posting as we get additional information.  President Niccollai commented that your Union will continue working tirelessly to turn these latest

events into a success story for all.