Seneca Foods Announces Shareholder Approval of Five-For-One Forward Stock Split

The approved amendments also provide for a proportionate increase in authorized capital stock.

Rhea-AI Summary

Seneca Foods (NASDAQ: SENEA, SENEB) shareholders approved a five-for-one forward stock split covering each class or series of capital stock. The company plans to file charter amendments on November 16, 2026; upon filing, each issued share will split into five shares. Additional shares are expected to be distributed after market close that day, with Class A and Class B common stock expected to trade split-adjusted on November 17, 2026.

Positive

• Minor pointShareholders approved the five-for-one forward stock split at the November 4, 2026 special meeting.

Negative

• None.

News Explained

The approved amendments also proportionally increase authorized shares, reduce par value for Class A and Class B common and 6% voting cumulative preferred stock, and proportionally reduce stated value, dividend rate, redemption price and conversion price for a designated Class A preferred series.

Key Figures

Forward stock split: 5-for-1 Amendments filing: November 16, 2026 Split-adjusted trading: November 17, 2026

Forward stock split

5-for-1

Approved by shareholders

Amendments filing

November 16, 2026

Planned filing to implement the split

Split-adjusted trading

November 17, 2026

Expected start for Class A and Class B common stock

Key Terms

forward stock split, par value, redemption price, conversion price

4 terms

forward stock split financial

"to effect a five-for-one forward stock split"

A forward stock split is when a company increases the number of its shares by dividing each existing share into smaller parts. This makes the stock price lower and more affordable for investors, similar to splitting a pizza into more slices so everyone can get a smaller piece. It doesn't change the company's total value, just how it's divided among shareholders.

par value financial

"a proportional reduction in the par value of its Class A Common Stock"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

redemption price financial

"reduction in the stated value, dividend rate, redemption price and conversion price"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

conversion price financial

"reduction in the stated value, dividend rate, redemption price and conversion price"

The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.

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FAIRPORT, N.Y., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) (“Seneca” or the “Company”), one of North America's leading providers of packaged fruits and vegetables with facilities located throughout the United States, announced that during its special meeting held on November 4, 2026, its shareholders approved amendments to the Company’s Restated Certificate of Incorporation (the “Amendments”) to effect a five-for-one forward stock split, with a proportionate increase in the number of authorized shares of its capital stock, a proportional reduction in the par value of its Class A Common Stock, Class B Common Stock and Six Percent (6%) Voting Cumulative Preferred Stock, and a proportional reduction in the stated value, dividend rate, redemption price and conversion price of the designated series of the Company’s Class A Preferred Stock.

The Company will file the Amendments with the Secretary of State of the State of New York on November 16, 2026 to implement the stock split, among certain other changes described in Seneca’s definitive proxy statement relating to the Special Meeting of Shareholders held on November 4, 2026 (the “Proxy Statement”).

Upon filing of the Amendments, each share of capital stock issued on November 16, 2026 will be split into five shares of the applicable class or series of capital stock. The additional shares of capital stock are expected to be distributed after market close on November 16, 2026. Trading of Seneca’s Class A Common Stock and Class B Common Stock is expected to begin on a split-adjusted basis at market open on November 17, 2026.

For additional details, please see the Proxy Statement filed with the U.S. Securities and Exchange Commission on October 5, 2026.

About Seneca Foods Corporation

Seneca Foods is one of North America’s leading providers of packaged fruits and vegetables, with facilities located throughout the United States. Its high quality products are primarily sourced from more than 1,100 American farms and are distributed to approximately 55 countries. Seneca holds a large share of the market for retail private label, food service, restaurant chains, international, contracting packaging, industrial, chips and cherry products. Products are also sold under the highly regarded brands of Aunt Nellie’s®, CherryMan®, Green Giant®, Green Valley®, Libby’s®, READ®, and Seneca labels, including Seneca snack chips. Seneca’s common stock is traded on the Nasdaq Global Select Market under the symbols “SENEA” and “SENEB”. SENEA is included in the Russell 2000 and Russell 3000 indices.

Contact:
Michael Wolcott, Chief Financial Officer
585-495-4100

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the ratio of Seneca Foods’ approved stock split?

Seneca Foods shareholders approved a five-for-one forward stock split. Upon filing the charter amendments, each share of capital stock issued on November 16, 2026 will split into five shares of the applicable class or series.

When will Seneca Foods stock begin trading on a split-adjusted basis?

Seneca Foods’ Class A and Class B common stock are expected to begin trading on a split-adjusted basis at market open on November 17, 2026. Additional shares are expected to be distributed after market close on November 16, 2026.