B&G Foods sets 2026 virtual shareholder meeting
B&G Foods, Inc. is asking stockholders to vote at a virtual-only annual meeting on May 21, 2026, at 11:00 a.m. Eastern Time.
B&G Foods, Inc. is asking stockholders to vote at a virtual-only annual meeting on May 21, 2026, at 11:00 a.m. Eastern Time. Stockholders will elect ten directors, cast an advisory “say on pay” vote on executive compensation, and ratify KPMG LLP as independent registered public accounting firm for fiscal 2026.
Holders of 80,411,079 shares of common stock as of March 24, 2026, are entitled to one vote per share. The proxy statement details board structure, committee responsibilities, director independence and age limits, non-employee director pay, human capital metrics, and the company’s corporate social responsibility, diversity, and ethics programs.
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Key Terms
say on pay financial
audit committee financial expert regulatory
insider trading policy regulatory
corporate social responsibility other
collective bargaining agreements other
stock ownership guidelines financial
FAQ
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What proposals are B&G Foods (BGS) stockholders voting on at the 2026 annual meeting?
When and how will B&G Foods (BGS) hold its 2026 annual stockholder meeting?
Who is entitled to vote at the 2026 B&G Foods (BGS) annual meeting and how many shares are outstanding?
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
the Securities Exchange Act of 1934
Parsippany, NJ 07054
TO BE HELD MAY 21, 2026
| | | | | By Order of the Board of Directors, | |
| | | | |
|
|
| | | | |
Scott E. Lerner
Secretary |
|
April 3, 2026
| |
GENERAL INFORMATION
|
| | | | 1 | | |
| |
CORPORATE GOVERNANCE
|
| | | | 7 | | |
| |
Code of Business Conduct and Ethics; Corporate Governance Guidelines; Board Committee Charters
|
| | | | 7 | | |
| |
Role of the Board of Directors
|
| | | | 7 | | |
| |
Board Leadership Structure
|
| | | | 7 | | |
| |
Meetings of the Board of Directors
|
| | | | 7 | | |
| |
Communication with the Board of Directors; Director Attendance at Annual Meetings
|
| | | | 7 | | |
| |
Director Independence
|
| | | | 8 | | |
| |
Director Age Limit
|
| | | | 8 | | |
| |
Committees of the Board of Directors
|
| | | | 8 | | |
| |
The Board’s Role in Risk Oversight
|
| | | | 12 | | |
| |
Director Nominations
|
| | | | 13 | | |
| |
Director Compensation
|
| | | | 15 | | |
| |
Insider Trading Policy
|
| | | | 16 | | |
| |
OUR PEOPLE, OUR CULTURE AND OUR CORE VALUES
|
| | | | 18 | | |
| |
Our People
|
| | | | 18 | | |
| |
Our Culture
|
| | | | 18 | | |
| |
Our Core Values
|
| | | | 18 | | |
| |
Compliance and Ethics
|
| | | | 19 | | |
| |
CORPORATE SOCIAL RESPONSIBILITY
|
| | | | 19 | | |
| |
Annual Corporate Social Responsibility Reports
|
| | | | 19 | | |
| |
Diversity and Inclusion
|
| | | | 19 | | |
| |
Discrimination and Harassment
|
| | | | 19 | | |
| |
Human Rights
|
| | | | 19 | | |
| |
Safety & Health at Work
|
| | | | 19 | | |
| |
Responsible Sourcing
|
| | | | 20 | | |
| |
Environmental Sustainability
|
| | | | 20 | | |
| |
Philanthropy Principles
|
| | | | 20 | | |
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Additional Information
|
| | | | 21 | | |
| |
PROPOSAL NO. 1—ELECTION OF DIRECTORS
|
| | | | 22 | | |
| |
Introduction
|
| | | | 22 | | |
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Director Nominees
|
| | | | 22 | | |
| |
Board Skills and Experience
|
| | | | 27 | | |
| |
Board Demographics and Diversity
|
| | | | 28 | | |
| |
Required Vote
|
| | | | 28 | | |
| |
Recommendation of the Board of Directors
|
| | | | 28 | | |
| |
OUR MANAGEMENT
|
| | | | 29 | | |
| |
Executive Officers and Directors
|
| | | | 29 | | |
| |
COMPENSATION DISCUSSION AND ANALYSIS
|
| | | | 32 | | |
| |
Introduction
|
| | | | 32 | | |
| |
Executive Summary
|
| | | | 32 | | |
| |
Results of 2025’s “Say on Pay” Vote
|
| | | | 33 | | |
| |
Role of the Compensation Committee
|
| | | | 33 | | |
| |
Role of our Chief Executive Officer in Compensation Decisions
|
| | | | 34 | | |
| |
Peer Group Surveys
|
| | | | 34 | | |
| |
Components of Executive Compensation
|
| | | | 35 | | |
| |
Chief Executive Officer Compensation
|
| | | | 44 | | |
| |
Accounting and Tax Considerations
|
| | | | 44 | | |
| |
Executive Compensation Clawback Policy
|
| | | | 44 | | |
| |
Stock Ownership Guidelines
|
| | | | 44 | | |
| |
Limited Trading Windows and Anti-Hedging Policy
|
| | | | 45 | | |
| |
Timing of Equity Award Grants
|
| | | | 45 | | |
| |
Compensation Committee Interlocks and Insider Participation
|
| | | | 45 | | |
| |
REPORT OF THE COMPENSATION COMMITTEE
|
| | | | 45 | | |
| |
EXECUTIVE COMPENSATION
|
| | | | 46 | | |
| |
Summary Compensation Table
|
| | | | 46 | | |
| |
Grants of Plan-Based Awards in Fiscal 2025
|
| | | | 49 | | |
| |
Outstanding Equity Awards at 2025 Fiscal Year-End
|
| | | | 50 | | |
| |
Option Exercises and Stock Vested in Fiscal 2025
|
| | | | 51 | | |
| |
Management Employment Agreements
|
| | | | 51 | | |
| |
401(k) Plan
|
| | | | 54 | | |
| |
Pension Plan
|
| | | | 54 | | |
| |
Pay Ratio Disclosure
|
| | | | 55 | | |
| |
Pay Versus Performance Disclosure
|
| | | | 55 | | |
| |
PROPOSAL NO. 2—ADVISORY VOTE ON EXECUTIVE COMPENSATION
|
| | | | 61 | | |
| |
Introduction
|
| | | | 61 | | |
| |
Required Vote
|
| | | | 61 | | |
| |
Recommendation of the Board of Directors
|
| | | | 61 | | |
| |
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
|
| | | | 62 | | |
| |
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
|
| | | | 63 | | |
| |
REPORT OF THE AUDIT COMMITTEE
|
| | | | 64 | | |
| |
PROPOSAL NO. 3—APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
|
| | | | 66 | | |
| |
Introduction
|
| | | | 66 | | |
| |
Independent Registered Public Accounting Firm Fees
|
| | | | 66 | | |
| |
Pre-approval Policy
|
| | | | 67 | | |
| |
Required Vote
|
| | | | 67 | | |
| |
Recommendation of the Board of Directors
|
| | | | 67 | | |
| |
OTHER MATTERS
|
| | | | 68 | | |
| |
ADDITIONAL INFORMATION
|
| | | | 68 | | |
Parsippany, NJ 07054
FOR AN ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD MAY 21, 2026
| | |
Proposal
No. |
| |
Proposal
Summary |
| |
Board
Recommendation |
| |
Page
Reference |
| |
| | |
1
|
| | The election of ten directors to hold office until the next annual meeting of stockholders. | | |
FOR
|
| |
22
|
| |
| | |
2
|
| | An advisory proposal on executive compensation, commonly referred to as a “say on pay” proposal. | | |
FOR
|
| |
61
|
| |
| | |
3
|
| | The ratification of the appointment of KPMG LLP as our independent registered public accounting firm for the fiscal year ending January 2, 2027 (fiscal 2026). | | |
FOR
|
| |
66
|
| |
| | |
Important Notice Regarding the Availability of Proxy Materials for the
Annual Meeting of Stockholders to be held on May 21, 2026
The Notice of Annual Meeting, Proxy Statement and 2025 Annual Report are available at https://materials.proxyvote.com/05508R.
|
| |
| | | | | |
Audit
|
| |
Compensation
|
| |
Corporate Social
Responsibility |
| |
Nominating
and Governance |
| |
Risk
|
| | |||
| | |
Number of Meetings:
|
| |
5
|
| |
6
|
| |
3
|
| |
3
|
| | |
|
3
|
| | |
| | | Name: | | | | | | | | | | | | | | | | | | | | |
| | |
Stephen C. Sherrill
|
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+
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| | |
DeAnn L. Brunts
|
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Chair
|
| |
☑
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| | | | | | | | | | ☑ | | | |
| | |
Debra Martin Chase
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Chair
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☑
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| | | | ☑ | | | |
| | |
Kenneth C. Keller
|
| | | | | | | | | | | | | | | | | | | |
| | |
Charles F. Marcy
|
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| | | | | | | |
Chair
|
| | | | | | | |
| | |
Robert D. Mills
|
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☑
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| | |
|
Chair
|
| | |
| | |
Dennis M. Mullen.
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☑
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☑
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| | |
Cheryl M. Palmer
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☑
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☑
|
| | | | | | | ☑ | | | |
| | |
Alfred Poe
|
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☑
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Chair
|
| | | | |
☑
|
| | | | | | | |
| | |
David L. Wenner
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DeAnn Brunts, Chair
|
| | |
Charles F. Marcy
|
| | |
Dennis M. Mullen
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| | |
Alfred Poe
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Alfred Poe, Chair
|
| | |
DeAnn Brunts
|
| | |
Dennis M. Mullen
|
| | |
Cheryl M. Palmer
|
| | |
Stephen C. Sherrill*
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| |
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Debra Martin Chase, Chair
|
| | |
Dennis M. Mullen
|
| | |
Cheryl M. Palmer
|
| | |
David L. Wenner
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Charles F. Marcy, Chair
|
| | |
Debra Martin Chase
|
| | |
Robert D. Mills
|
| | |
Alfred Poe
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Robert D. Mills, Chair
|
| | |
DeAnn L. Brunts
|
| | |
Debra Martin Chase
|
| | |
Cheryl M. Palmer
|
| | |
David L. Wenner
|
| |
| | |
Compensation Element
|
| | |
Compensation(1)
|
| | ||||||||||||
| | | | | | | | | | ||||||||||||
| | | General Board Service—Cash(2) | | | | | | | | | | |||||||||
| | |
Annual Fee—Chair
|
| | | $165,000 | | | ||||||||||||
| | |
Annual Fee—Other Members
|
| | | $75,000 | | | ||||||||||||
| | | General Board Service—Equity | | | | | | | ||||||||||||
| | |
Approximate value of shares of common stock granted
annually |
| | | $130,000 | | | ||||||||||||
| | |
Number of shares
|
| | |
Determined by dividing $130,000 by the thirty day average of the closing
price of our common stock on the first business day of the calendar month immediately following the annual meeting of stockholders. Shares are issued on that day. |
| | ||||||||||||
| | |
Vesting schedule
|
| | | Shares vest immediately upon grant. | | | ||||||||||||
| | | Committee Service—Cash | | | | | | | | | | | | | | | | | | |
| | | | | | |
Audit
Committee |
| |
Compensation
Committee |
| |
Corporate
Social Responsibility Committee |
| |
Nominating &
Governance Committee |
| |
Risk
Committee |
| |
| | |
Annual Fee—Chair
|
| | |
$25,000
|
| |
$20,000
|
| |
$20,000
|
| |
$20,000
|
| |
$20,000
|
| |
| | |
Annual Fee—Other Members
|
| | |
$15,000
|
| |
$15,000
|
| |
$15,000
|
| |
$15,000
|
| |
$15,000
|
| |
|
Name
|
| |
Fees Earned or
Paid in Cash |
| |
Stock
Awards(1)(2) |
| |
Option
Awards(3)(4) |
| |
Non-Equity
Incentive Plan Compensation |
| |
Change in
Pension Value and Nonqualified Deferred Compensation Earnings |
| |
All Other
Compensation |
| |
Total
|
| |||||||||||||||||||||
|
Stephen C. Sherrill
|
| | | | — | | | | | $ | 102,368 | | | | | $ | 165,000 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 267,368 | | |
|
DeAnn L. Brunts
|
| | | $ | 130,000 | | | | | $ | 102,368 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 232,368 | | |
|
Debra M. Chase
|
| | | $ | 125,000 | | | | | $ | 102,368 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 227,368 | | |
|
Charles F. Marcy
|
| | | $ | 110,000 | | | | | $ | 102,368 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 212,368 | | |
|
Robert D. Mills
|
| | | $ | 110,000 | | | | | $ | 102,368 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 212,368 | | |
|
Dennis M. Mullen.
|
| | | $ | 120,000 | | | | | $ | 102,368 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 222,368 | | |
|
Cheryl M. Palmer
|
| | | $ | 120,000 | | | | | $ | 102,368 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 222,368 | | |
|
Alfred Poe
|
| | | $ | 125,000 | | | | | $ | 102,368 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 227,368 | | |
|
David L. Wenner
|
| | | $ | 105,000 | | | | | $ | 102,368 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 207,368 | | |
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Passion
We love food and bringing our family of brands to you and your family. We pursue excellence in everything we do. We are energized by new challenges.
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Food Safety & Quality
We make food safety our number one priority. We are committed to providing great-tasting, high-quality and safe foods to you and your family.
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Integrity & Accountability
We are ethical, honest and transparent. We hold ourselves accountable for our decisions and actions. We believe in being a good corporate citizen, and we do the right thing because we care.
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Diversity & Inclusion
We embrace diversity and value the similarities and differences of our employees. We leverage diverse backgrounds and perspectives to achieve outstanding results. We are committed to fostering an inclusive work environment where all employees have the opportunity to share their ideas, grow with our company, and realize their full potential.
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Customer & Consumer Focus
We strive to consistently exceed our customers’ and consumers’ expectations. We proactively seek customer and consumer insights. We deliver what we promise.
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Collaboration
We believe in team first, individuals second. We believe in timely and personal communication. We support each other professionally and personally without being asked. We leverage diverse backgrounds and perspectives to achieve outstanding results.
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Safety & Health at Work
We are committed to ensuring the health and safety of our employees and expect the same from our supply chain partners. We are committed to preventing accidents, injuries and illnesses related to the workplace.
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Empowerment
We enable and encourage our employees to grow, excel and realize their full potential. We strive to hire people more talented than we are. We empower our people to make the decisions needed today, and prepare them for even bigger decisions they will make in the future.
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| | | | | |
Sherrill
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Brunts
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Chase
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Keller
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Marcy
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Mills
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Mullen
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Palmer
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Poe
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Wenner
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Other Public Company Board Experience
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CEO Experience
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Other C-Suite Experience
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| | | | | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | ☑ | | | | | | | | | |
| | |
Consumer Packaged Goods
Experience |
| | | | | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | |
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Marketing/Brand Management Experience
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| | | | | | | | | | | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | | | | | | | | | | | | | ☑ | | | | | | ☑ | | | | | | | | | |
| | |
Customer Experience
|
| | | | | | | | | | | | | | | | ☑ | | | | | | | | | | | | | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | | | | | | | | | | |
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Manufacturing and Supply Chain Experience
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| | | | | | | | | | | | | | | | | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | | | | | | | | | | | | | ☑ | | | |
| | |
Accounting and Financial Reporting Expertise
|
| | | | | | | | | | ☑ | | | | | | | | | | | | | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | | | | |
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Strategic Planning Experience
|
| | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | |
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Mergers & Acquisitions Expertise
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| | | | ☑ | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | | | | | | | | | | | | | ☑ | | | |
| | |
Capital Markets Expertise
|
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Emerging Technologies/Ecommerce Experience
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| | | | | | | | | | | | | | | | | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Human Capital Management
Experience |
| | | | | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | | | | | | | ☑ | | | |
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Executive Compensation Experience
|
| | | | ☑ | | | | | | | | | | | | | | | | | | | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | | | | ☑ | | | |
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Risk Management Experience
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Corporate Governance Experience
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Cybersecurity Expertise
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Legal/Regulatory Experience
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| | | | ☑ | | | | | | | | | | | | ☑ | | | | | | ☑ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Public Policy and Governmental Relations Experience
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CSR & Sustainability Experience
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| | | | | | | | | | | | | | | | ☑ | | | | | | ☑ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Race/Ethnicity
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Gender
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| | | | | |
African
American |
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Asian /
Pacific Islander |
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White /
Caucasian |
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Hispanic /
Latino |
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Native
American |
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Male
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Female
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| | | Name: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | |
Stephen C. Sherrill
|
| | | | | | | | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | | | | |
| | |
DeAnn L. Brunts
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| | | | | | | | | | | | | ☑ | | | | | | | | | | | | | | | | | | ☑ | | | |
| | |
Debra Martin Chase
|
| | | | ☑ | | | | | | | | | | | | | | | | | | | | | | | | | | | ☑ | | | |
| | |
Kenneth C. Keller
|
| | | | | | | | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | | | | |
| | |
Charles F. Marcy
|
| | | | | | | | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | | | | |
| | |
Robert D. Mills
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| | | | | | | | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | | | | |
| | |
Dennis M. Mullen.
|
| | | | | | | | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | | | | |
| | |
Cheryl M. Palmer
|
| | | | | | | | | | | | | ☑ | | | | | | | | | | | | | | | | | | ☑ | | | |
| | |
Alfred Poe
|
| | | | ☑ | | | | | | | | | | | | | | | | | | | | | ☑ | | | | | | | | | |
| | |
David L. Wenner
|
| | | | | | | | | | | | | ☑ | | | | | | | | | | | | ☑ | | | | | | | | | |
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Name
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| |
Age
|
| |
Position
|
|
|
Stephen C. Sherrill
|
| |
72
|
| | Chair of the Board of Directors | |
|
Kenneth C. “Casey” Keller
|
| |
64
|
| | President, Chief Executive Officer and Director | |
|
Eric H. Hart
|
| |
59
|
| | Executive Vice President of Human Resources and Chief Human Resources Officer | |
|
Scott E. Lerner
|
| |
53
|
| | Executive Vice President, General Counsel, Secretary and Chief Compliance Officer | |
|
John A. Ozgopoyan
|
| |
45
|
| | Executive Vice President of Sales | |
|
Martin C. Schoch
|
| |
46
|
| | Executive Vice President of Supply Chain | |
|
Ellen M. Schum
|
| |
60
|
| | Executive Vice President and President of Specialty | |
|
Andrew D. Vogel
|
| |
45
|
| | Executive Vice President and President of Meals | |
|
Bruce C. Wacha
|
| |
54
|
| | Executive Vice President of Finance and Chief Financial Officer | |
|
Kristen Thompson
|
| |
48
|
| | Senior Vice President and President of Frozen & Vegetables | |
|
DeAnn L. Brunts
|
| |
64
|
| | Director | |
|
Debra Martin Chase
|
| |
69
|
| | Director | |
|
Charles F. Marcy
|
| |
75
|
| | Director | |
|
Robert D. Mills
|
| |
53
|
| | Director | |
|
Dennis M. Mullen
|
| |
72
|
| | Director | |
|
Cheryl M. Palmer
|
| |
68
|
| | Director | |
|
Alfred Poe
|
| |
77
|
| | Director | |
|
David L. Wenner
|
| |
76
|
| | Director | |
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What we do
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| | |
What we don’t do
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| |
| | |
✓
Pay for performance; majority of executive compensation is provided in the form of variable performance-based incentives
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| | |
✘
No guaranteed annual salary increases or bonuses
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| |
| | |
✓
Align pay and performance based on measurable goals for both annual and long-term awards
|
| | |
✘
No discounted stock options, reload stock options or repricing of underwater stock options
|
| |
| | |
✓
Include double-trigger change in control provisions for cash severance and benefits
|
| | |
✘
No excise tax gross-ups
|
| |
| | |
✓
Review peer group data when making executive compensation decisions
|
| | |
✘
No excessive perquisites
|
| |
| | |
✓
Stringent clawback policy
|
| | |
✘
No excessive severance arrangements
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| |
| | |
✓
Balance of metrics designed to reduce risk
|
| | |
✘
No compensation programs that encourage unreasonable risk taking
|
| |
| | |
✓
Appoint a compensation committee comprised solely of independent directors
|
| | |
✘
No supplemental executive retirement plans for executive officers
|
| |
| | |
✓
Utilize an independent compensation consulting firm that provides no other services to our company to advise the compensation committee
|
| | |
✘
No short-term trading, short sales, transactions involving derivates, hedging or pledging transactions for directors and executive officers
|
| |
| | BellRing Brands, Inc. | | | Post Holdings Inc. | |
| | Darling Ingredients, Inc. | | | John B. Sanfilippo & Son, Inc. | |
| | Flowers Foods, Inc. | | | The Simply Good Foods Company | |
| | The Hain Celestial Group, Inc. | | | Tootsie Roll Industries, Inc. | |
| | J&J Snack Foods Corp. | | | Treehouse Foods, Inc. | |
| | Lamb Weston Holdings, Inc. | | | Utz Brands, Inc. | |
| | Lancaster Colony Corp. | | | WK Kellogg Co. | |
| | McCormick & Co., Inc. | | | | |
| | | |
2025 Annual Bonus Award as
a Percentage of Base Salary |
| |||||||||||||||
|
Name
|
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |||||||||
|
Kenneth C. Keller
|
| | | | 25.0% | | | | | | 100.0% | | | | | | 200.0% | | |
|
Bruce C. Wacha
|
| | | | 17.5% | | | | | | 70.0% | | | | | | 140.0% | | |
|
Scott E. Lerner
|
| | | | 15.0% | | | | | | 60.0% | | | | | | 120.0% | | |
|
Jordan E. Greenberg
|
| | | | 15.0% | | | | | | 60.0% | | | | | | 120.0% | | |
|
Ellen M. Schum
|
| | | | 15.0% | | | | | | 60.0% | | | | | | 120.0% | | |
|
Andrew D. Vogel
|
| | | | 15.0% | | | | | | 60.0% | | | | | | 120.0% | | |
| | | |
Kenneth C. Keller
|
| |
Bruce C. Wacha
|
| |
Scott E. Lerner
|
| |
Jordan E. Greenberg(1)
|
| |
Ellen M. Schum
|
| |
Andrew D. Vogel
|
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| | | |
Metric
|
| |
Weight
|
| |
Metric
|
| |
Weight
|
| |
Metric
|
| |
Weight
|
| |
Metric
|
| |
Weight
|
| |
Metric
|
| |
Weight
|
| |
Metric
|
| |
Weight
|
| ||||||||||||||||||||||||||||||||||||
| Corporate Metrics | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Adj. EBITDA
|
| | | | ✓ | | | | | | 50% | | | | | | ✓ | | | | | | 50% | | | | | | ✓ | | | | | | 50% | | | | | | ✓ | | | | | | 15% | | | | | | ✓ | | | | | | 15% | | | | | | ✓ | | | | | | 15% | | |
|
Net Sales
|
| | | | ✓ | | | | | | 30% | | | | | | ✓ | | | | | | 30% | | | | | | ✓ | | | | | | 30% | | | | | | ✓ | | | | | | 9% | | | | | | ✓ | | | | | | 9% | | | | | | ✓ | | | | | | 9% | | |
|
Net Working Capital
|
| | | | ✓ | | | | | | 20% | | | | | | ✓ | | | | | | 20% | | | | | | ✓ | | | | | | 20% | | | | | | ✓ | | | | | | 6% | | | | | | ✓ | | | | | | 6% | | | | | | ✓ | | | | | | 6% | | |
| | | | | | | | | | | | 100% | | | | | | | | | | | | 100% | | | | | | | | | | | | 100% | | | | | | | | | | | | 30% | | | | | | | | | | | | 30% | | | | | | | | | | | | 30% | | |
| Business Unit Metrics | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Segment Adj. EBITDA
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | 35% | | | | | | ✓ | | | | | | 35% | | | | | | ✓ | | | | | | 35% | | |
|
Segment Net Sales
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | 21% | | | | | | ✓ | | | | | | 21% | | | | | | ✓ | | | | | | 21% | | |
|
Segment Inventory
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | 14% | | | | | | ✓ | | | | | | 14% | | | | | | ✓ | | | | | | 14% | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 70% | | | | | | | | | | | | 70% | | | | | | | | | | | | 70% | | |
|
Metric
|
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |
Weight
|
| |
Actual
|
| |
Achieved
Relative to Target |
| ||||||||||||||||||
|
Adjusted EBITDA
(adjusted for divestitures)
|
| | | $ | 277,276,333 | | | | | $ | 291,860,351 | | | | | $ | 306,453,369 | | | | | | 50% | | | | | $ | 272,200,250 | | | | | | 0.00% | | |
|
Net Sales
(adjusted for divestitures; also adjusted based upon the input cost of pricing of
oil for Crisco)
|
| | | $ | 1,784,743,988 | | | | | $ | 1,878,677,882 | | | | | $ | 1,972,611,776 | | | | | | 30% | | | | | $ | 1,828,687,487 | | | | | | 60.09% | | |
|
Net Working Capital
(12-month average; adjusted
for divestitures; also adjusted based upon the input cost of pricing of oil
for Crisco)
|
| | | $ | 600,672,536 | | | | | $ | 572,069,082 | | | | | $ | 543,465,628 | | | | | | 20% | | | | | $ | 5538,037,175 | | | | | | 200.00% | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Weighted
|
| |||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 58.03% | | |
|
Metric
|
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |
Weight
|
| |
Actual
|
| |
Payout as a
% of Target |
| ||||||||||||||||||
|
Segment Adjusted EBTIDA
|
| | | $ | 106,931,050 | | | | | $ | 112,559,000 | | | | | $ | 118,186,950 | | | | | | 50% | | | | | $ | 99,919,728 | | | | | | 0.00% | | |
|
Segment Net Sales
|
| | | $ | 376,767,150 | | | | | $ | 396,597,000 | | | | | $ | 416,426,850 | | | | | | 30% | | | | | $ | 395,714,457 | | | | | | 96.66% | | |
|
Segment Inventory
(12-month average)
|
| | | $ | 197,257,500 | | | | | $ | 102,150,000 | | | | | $ | 97,042,500 | | | | | | 20% | | | | | $ | 101,890,478 | | | | | | 105.08% | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Weighted
|
| |||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 50.01% | | |
|
Metric
|
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |
Weight
|
| |
Actual
|
| |
Payout as a
% of Target |
| ||||||||||||||||||
|
Segment Adjusted EBITDA
(adjusted for divestitures)
|
| | | $ | 159,524,762 | | | | | $ | 167,920,802 | | | | | $ | 176,316,842 | | | | | | 50% | | | | | $ | 159,684,981 | | | | | | 26.43% | | |
|
Segment Net Sales
(adjusted for divestitures; also adjusted based upon the input cost
of pricing of oil for Crisco)
|
| | | $ | 619,262,975 | | | | | $ | 651,855,763 | | | | | $ | 684,448,551 | | | | | | 30% | | | | | $ | 629,976,170 | | | | | | 49.65% | | |
|
Segment Inventory
(12-month average; adjusted for
divestitures; also adjusted based upon the input cost of pricing of oil
for Crisco)
|
| | | $ | 150,509,835 | | | | | $ | 143,342,700 | | | | | $ | 136,175,565 | | | | | | 20% | | | | | $ | 129,199,636 | | | | | | 200.00% | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Weighted
|
| |||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 68.11% | | |
|
Metric
|
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |
Weight
|
| |
Actual
|
| |
Payout as a
% of Target |
| ||||||||||||||||||
|
Segment Adjusted EBTIDA
|
| | | $ | 96,842,050 | | | | | $ | 101,939,000 | | | | | $ | 107,035,950 | | | | | | 50% | | | | | $ | 106,595,540 | | | | | | 191.36% | | |
|
Segment Net Sales
|
| | | $ | 436,514,550 | | | | | $ | 459,489,000 | | | | | $ | 482,463,450 | | | | | | 30% | | | | | $ | 444,425,967 | | | | | | 50.83% | | |
|
Segment Inventory
(12-month average)
|
| | | $ | 110,646,900 | | | | | $ | 105,378,000 | | | | | $ | 100,109,100 | | | | | | 20% | | | | | $ | 102,550,195 | | | | | | 153.67% | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Weighted
|
| |||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 141.66% | | |
| | | |
Participant Category
|
| |
Corporate
Objective Achieved as a % of Target |
| |
Business Unit
Objective Achieved as a % of Target |
| |
Annual
Bonus Award Payment as a % of Target |
| |||||||||
|
Kenneth C. Keller
|
| |
Corporate
|
| | | | 58.03% | | | | | | N/A | | | | | | 58.03% | | |
|
Bruce C. Wacha
|
| |
Corporate
|
| | | | 58.03% | | | | | | N/A | | | | | | 58.03% | | |
|
Scott E. Lerner
|
| |
Corporate
|
| | | | 58.03% | | | | | | N/A | | | | | | 58.03% | | |
|
Eric H. Hart
|
| |
Corporate
|
| | | | 58.03% | | | | | | N/A | | | | | | 58.03% | | |
|
Jordan E. Greenberg(1)
|
| |
Spices & Flav. Solutions
|
| | | | 58.03% | | | | | | 50.01% | | | | | | 52.42% | | |
|
Ellen M. Schum
|
| |
Specialty
|
| | | | 58.03% | | | | | | 68.11% | | | | | | 65.09% | | |
|
Andrew D. Vogel
|
| |
Meals
|
| | | | 58.03% | | | | | | 141.66% | | | | | | 116.57% | | |
| | | |
2025 to 2027
Performance Share LTIAs as a Percentage of Base Salary Based upon 30-day Grant Date FMV |
| |||||||||||||||
|
Name
|
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |||||||||
|
Kenneth C. Keller
|
| | | | 66.25% | | | | | | 132.50% | | | | | | 397.50% | | |
|
Bruce C. Wacha
|
| | | | 25.00% | | | | | | 50.00% | | | | | | 150.00% | | |
|
Scott E. Lerner
|
| | | | 25.00% | | | | | | 50.00% | | | | | | 150.00% | | |
|
Jordan E. Greenberg
|
| | | | 22.50% | | | | | | 45.00% | | | | | | 135.00% | | |
|
Ellen M. Schum
|
| | | | 22.50% | | | | | | 45.00% | | | | | | 135.00% | | |
|
Andrew D. Vogel
|
| | | | 22.50% | | | | | | 45.00% | | | | | | 135.00% | | |
| | | |
Kenneth C. Keller
|
| |
Bruce C. Wacha
|
| |
Scott E. Lerner
|
| |
Jordan E. Greenberg(1)
|
| |
Ellen M. Schum
|
| |
Andrew D. Vogel
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | |
Metric
|
| |
Weight
|
| |
Metric
|
| |
Weight
|
| |
Metric
|
| |
Weight
|
| |
Metric
|
| |
Weight
|
| |
Metric
|
| |
Weight
|
| |
Metric
|
| |
Weight
|
| ||||||||||||||||||||||||||||||||||||
| Corporate Metrics | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Excess Cash
|
| | | | ✓ | | | | | | 50% | | | | | | ✓ | | | | | | 50% | | | | | | ✓ | | | | | | 50% | | | | | | ✓ | | | | | | 25% | | | | | | ✓ | | | | | | 25% | | | | | | ✓ | | | | | | 25% | | |
|
ROIC
|
| | | | ✓ | | | | | | 50% | | | | | | ✓ | | | | | | 50% | | | | | | ✓ | | | | | | 50% | | | | | | ✓ | | | | | | 25% | | | | | | ✓ | | | | | | 25% | | | | | | ✓ | | | | | | 25% | | |
| | | | | | | | | | | | 100% | | | | | | | | | | | | 100% | | | | | | | | | | | | 100% | | | | | | | | | | | | 50% | | | | | | | | | | | | 50% | | | | | | | | | | | | 50% | | |
| Business Unit Metrics | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Seg. Prod. Contribution
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | 50% | | | | | | ✓ | | | | | | 50% | | | | | | ✓ | | | | | | 50% | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 50% | | | | | | | | | | | | 50% | | | | | | | | | | | | 50% | | |
|
Performance Period
|
| |
Corporate Excess Cash Objective
|
| |
Excess Cash
Achieved |
| |
Awards Earned
Relative to Target |
| |||||||||||||||||||||
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |||||||||||||||||||||||
|
Fiscal 2023 to 2025
|
| | | $ | 85,183,200 | | | | | $ | 94,648,000 | | | | | $ | 113,577,600 | | | | | $ | 157,927,185 | | | | | | 300.00% | | |
|
Performance Period
|
| |
Corporate ROIC Objective
|
| |
ROIC Achieved
|
| |
Awards Earned
Relative to Target |
| |||||||||||||||||||||
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |||||||||||||||||||||||
|
Fiscal 2023 to 2025
|
| | | | 8.4% | | | | | | 9.9% | | | | | | 11.4% | | | | | | 10.9% | | | | | | 228.36% | | |
|
Performance Period
|
| |
Business Unit
|
| |
Business Unit Product Contribution Objectives
|
| |
BU Product
Contribution Achieved |
| |
Awards
Earned Relative to Target |
| |||||||||||||||||||||
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| ||||||||||||||||||||||||||
|
Fiscal 2023 to 2025
|
| |
Spices & Flavor
Solutions |
| | | $ | 461,525,470 | | | | | $ | 501,658,120 | | | | | $ | 526,741,026 | | | | | $ | 238,091,462 | | | | | | 0.00% | | |
|
Fiscal 2023 to 2025
|
| |
Specialty
|
| | | $ | 637,836,000 | | | | | $ | 693,300,000 | | | | | $ | 727,965,000 | | | | | $ | 702,388,704 | | | | | | 152.44% | | |
|
Fiscal 2023 to 2025
|
| |
Meals
|
| | | $ | 495,111,314 | | | | | $ | 538,164,472 | | | | | $ | 565,072,696 | | | | | $ | 467,108,729 | | | | | | 0.00% | | |
| | | |
Participant Category
|
| |
Corporate
Objective Achieved as a % of Target |
| |
Business Unit
Objective Achieved as a % of Target |
| |
PS LTIA
Payment as a % of Target |
| |||||||||
|
Kenneth C. Keller
|
| |
Corporate
|
| | | | 264.18% | | | | | | N/A | | | | | | 264.18% | | |
|
Bruce C. Wacha
|
| |
Corporate
|
| | | | 264.18% | | | | | | N/A | | | | | | 264.18% | | |
|
Scott E. Lerner
|
| |
Corporate
|
| | | | 264.18% | | | | | | N/A | | | | | | 264.18% | | |
|
Eric H. Hart
|
| |
Corporate
|
| | | | 264.18% | | | | | | N/A | | | | | | 264.18% | | |
|
Jordan E. Greenberg(1)
|
| |
Spices & Flav. Solutions
|
| | | | 264.18% | | | | | | 0.00% | | | | | | 132.09% | | |
|
Ellen M. Schum
|
| |
Specialty
|
| | | | 264.18% | | | | | | 0.00% | | | | | | 208.31% | | |
|
Andrew D. Vogel
|
| |
Meals
|
| | | | 264.18% | | | | | | 0.00% | | | | | | 132.09% | | |
|
Name
|
| |
2025 Restricted Stock Grant
as a Percentage of Base Salary Based upon 30-day Average Grant Date FMV |
| |||
|
Kenneth C. Keller
|
| | | | 132.5% | | |
|
Bruce C. Wacha
|
| | | | 50.0% | | |
|
Scott E. Lerner
|
| | | | 50.0% | | |
|
Jordan E. Greenberg
|
| | | | 45.0% | | |
|
Ellen M. Schum
|
| | | | 45.0% | | |
|
Andrew D. Vogel
|
| | | | 45.0% | | |
Alfred Poe, Chair
DeAnn L. Brunts
Dennis M. Mullen
Cheryl M. Palmer
Stephen C. Sherrill
|
Name and Principal Position
|
| |
Year
|
| |
Salary
|
| |
Bonus
|
| |
Stock
Awards(3) |
| |
Non-
Equity Incentive Plan Compen- sation(4) |
| |
Option
Awards(5) |
| |
Change in
Pension Value and Non- Qualified Deferred Compensation Earnings(6) |
| |
All Other
Compen- sation(7) |
| |
Total
|
| |||||||||||||||||||||||||||
|
Kenneth C. Keller
Chief Executive Officer |
| | | | 2025 | | | | | $ | 1,224,258 | | | | | $ | — | | | | | $ | 2,625,864 | | | | | $ | 710,437 | | | | | $ | — | | | | | $ | — | | | | | $ | 29,060 | | | | | $ | 4,589,619 | | |
| | | | 2024 | | | | | $ | 1,188,600 | | | | | $ | — | | | | | $ | 3,053,287 | | | | | $ | 813,002 | | | | | $ | — | | | | | $ | — | | | | | $ | 28,810 | | | | | $ | 5,083,699 | | | ||
| | | | 2023 | | | | | $ | 1,132,000 | | | | | $ | — | | | | | $ | 3,002,986 | | | | | $ | 1,383,304 | | | | | $ | 2,412,289 | | | | | $ | — | | | | | $ | 28,060 | | | | | $ | 7,958,638 | | | ||
|
Bruce C. Wacha
Executive Vice President of Finance and Chief Financial Officer |
| | | | 2025 | | | | | $ | 579,209 | | | | | $ | — | | | | | $ | 468,803 | | | | | $ | 235,280 | | | | | $ | — | | | | | $ | 45,391 | | | | | $ | 22,060 | | | | | $ | 1,350,743 | | |
| | | | 2024 | | | | | $ | 562,339 | | | | | $ | — | | | | | $ | 545,105 | | | | | $ | 269,248 | | | | | $ | — | | | | | $ | 18,786 | | | | | $ | 21,910 | | | | | $ | 1,417,388 | | | ||
| | | | 2023 | | | | | $ | 540,710 | | | | | $ | — | | | | | $ | 487,136 | | | | | $ | 462,523 | | | | | $ | — | | | | | $ | 39,653 | | | | | $ | 21,460 | | | | | $ | 1,551,482 | | | ||
|
Scott E. Lerner
General Counsel, Secretary and Chief Compliance Officer |
| | | | 2025 | | | | | $ | 582,449 | | | | | $ | — | | | | | $ | 471,419 | | | | | $ | 202,797 | | | | | $ | — | | | | | $ | 72,675 | | | | | $ | 22,060 | | | | | $ | 1,351,400 | | |
| | | | 2024 | | | | | $ | 565,484 | | | | | $ | — | | | | | $ | 548,149 | | | | | $ | 232,075 | | | | | $ | — | | | | | $ | 5,727 | | | | | $ | 21,910 | | | | | $ | 1,373,345 | | | ||
| | | | 2023 | | | | | $ | 543,734 | | | | | $ | — | | | | | $ | 489,866 | | | | | $ | 398,666 | | | | | $ | — | | | | | $ | 70,802 | | | | | $ | 21,460 | | | | | $ | 1,524,528 | | | ||
|
Jordan E. Greenberg(1)
Former Executive Vice President and President of Spices & Flavor Solutions |
| | | | 2025 | | | | | $ | 351,320 | | | | | $ | — | | | | | $ | 341,578 | | | | | $ | — | | | | | $ | — | | | | | $ | 113,453 | | | | | $ | 778,532 | | | | | $ | 1,584,883 | | |
| | | | 2024 | | | | | $ | 455,260 | | | | | $ | — | | | | | $ | 397,166 | | | | | $ | 181,649 | | | | | $ | — | | | | | $ | 25,583 | | | | | $ | 21,910 | | | | | $ | 1,081,568 | | | ||
| | | | 2023 | | | | | $ | 437,750 | | | | | $ | — | | | | | $ | 394,382 | | | | | $ | 339,344 | | | | | $ | — | | | | | $ | 105,387 | | | | | $ | 21,460 | | | | | $ | 1,298,323 | | | ||
|
Ellen M. Schum
Executive Vice President and President of Specialty |
| | | | 2025 | | | | | $ | 482,620 | | | | | $ | — | | | | | $ | 351,558 | | | | | $ | 188,482 | | | | | $ | — | | | | | $ | 62,181 | | | | | $ | 11,560 | | | | | $ | 1,096,401 | | |
| | | | 2024 | | | | | $ | 468,563 | | | | | $ | — | | | | | $ | 408,788 | | | | | $ | 301,661 | | | | | $ | — | | | | | $ | 35,663 | | | | | $ | 21,910 | | | | | $ | 1,236,585 | | | ||
| | | | 2023 | | | | | $ | 446,250 | | | | | $ | — | | | | | $ | 402,038 | | | | | $ | 439,378 | | | | | $ | — | | | | | $ | 49,082 | | | | | $ | 21,460 | | | | | $ | 1,358,208 | | | ||
|
Andrew D. Vogel(2)
Executive Vice President and President of Meals |
| | | | 2025 | | | | | $ | 417,690 | | | | | $ | — | | | | | $ | 304,262 | | | | | $ | 292,141 | | | | | $ | — | | | | | $ | — | | | | | $ | 29,060 | | | | | $ | 1,043,153 | | |
| | | | | | | | | |
FASB ASC Topic 718 Values
|
| |||||||||||||||||||||
|
Name
|
| |
Year
|
| |
Performance Share
LTIAs |
| |
Restricted
Stock |
| |||||||||||||||||||||
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |||||||||||||||||||||||
|
Kenneth C. Keller
|
| | | | 2025 | | | | | $ | 528,027 | | | | | $ | 1,056,054 | | | | | $ | 3,168,162 | | | | | $ | 1,569,810 | | |
| | | | 2024 | | | | | $ | 683,539 | | | | | $ | 1,367,077 | | | | | $ | 4,101,231 | | | | | $ | 1,686,210 | | | ||
| | | | 2023 | | | | | $ | 692,874 | | | | | $ | 1,385,747 | | | | | $ | 4,157,242 | | | | | $ | 1,617,238 | | | ||
|
Bruce C. Wacha
|
| | | | 2025 | | | | | $ | 94,270 | | | | | $ | 188,540 | | | | | $ | 565,620 | | | | | $ | 280,262 | | |
| | | | 2024 | | | | | $ | 122,033 | | | | | $ | 244,065 | | | | | $ | 732,195 | | | | | $ | 301,040 | | | ||
| | | | 2023 | | | | | $ | 112,389 | | | | | $ | 224,792 | | | | | $ | 674,376 | | | | | $ | 262,344 | | | ||
|
Scott E. Lerner
|
| | | | 2025 | | | | | $ | 94,794 | | | | | $ | 189,592 | | | | | $ | 568,777 | | | | | $ | 281,827 | | |
| | | | 2024 | | | | | $ | 122,714 | | | | | $ | 245,428 | | | | | $ | 736,284 | | | | | $ | 302,721 | | | ||
| | | | 2023 | | | | | $ | 113,026 | | | | | $ | 226,052 | | | | | $ | 678,156 | | | | | $ | 263,814 | | | ||
|
Jordan E. Greenberg
|
| | | | 2025 | | | | | $ | 68,687 | | | | | $ | 137,374 | | | | | $ | 412,121 | | | | | $ | 204,204 | | |
| | | | 2024 | | | | | $ | 88,913 | | | | | $ | 177,827 | | | | | $ | 533,480 | | | | | $ | 219,339 | | | ||
| | | | 2023 | | | | | $ | 90,995 | | | | | $ | 181,990 | | | | | $ | 545,970 | | | | | $ | 212,392 | | | ||
|
Ellen M. Schum
|
| | | | 2025 | | | | | $ | 70,694 | | | | | $ | 141,387 | | | | | $ | 424,162 | | | | | $ | 210,170 | | |
| | | | 2024 | | | | | $ | 91,511 | | | | | $ | 183,030 | | | | | $ | 549,091 | | | | | $ | 225,757 | | | ||
| | | | 2023 | | | | | $ | 92,762 | | | | | $ | 185,523 | | | | | $ | 556,570 | | | | | $ | 216,515 | | | ||
|
Andrew D. Vogel
|
| | | | 2025 | | | | | $ | 61,183 | | | | | $ | 122,366 | | | | | $ | 367,099 | | | | | $ | 181,896 | | |
|
Name
|
| |
Year
|
| |
Matching
Contributions to 401(k) Plan |
| |
Automobile
Allowance(A) |
| |
Cell Phone
Allowance(A) |
| |
Relocation,
Temporary Living and Travel Allowances |
| |
Post-
Employment Compensation and Benefits(B) |
| |
Total
|
| |||||||||||||||||||||
|
Kenneth C. Keller
|
| | | | 2025 | | | | | $ | 17,500 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 29,060 | | |
| | | | 2024 | | | | | $ | 17,250 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 28,810 | | | ||
| | | | 2023 | | | | | $ | 16,500 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 28,060 | | | ||
|
Bruce C. Wacha
|
| | | | 2025 | | | | | $ | 10,500 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 22,060 | | |
| | | | 2024 | | | | | $ | 10,350 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 21,910 | | | ||
| | | | 2023 | | | | | $ | 9,900 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 21,460 | | | ||
|
Scott E. Lerner
|
| | | | 2025 | | | | | $ | 10,500 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 22,060 | | |
| | | | 2024 | | | | | $ | 10,350 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 21,910 | | | ||
| | | | 2023 | | | | | $ | 9,900 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 21,460 | | | ||
|
Jordan E. Greenberg
|
| | | | 2025 | | | | | $ | 10,500 | | | | | $ | 6,731 | | | | | $ | 1,032 | | | | | $ | — | | | | | $ | 760,269 | | | | | $ | 778,532 | | |
| | | | 2024 | | | | | $ | 10,350 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 21,910 | | | ||
| | | | 2023 | | | | | $ | 9,900 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 21,460 | | | ||
|
Ellen M. Schum
|
| | | | 2025 | | | | | $ | — | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 11,560 | | |
| | | | 2024 | | | | | $ | 10,350 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 21,910 | | | ||
| | | | 2023 | | | | | $ | 9,900 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 21,460 | | | ||
|
Andrew D. Vogel
|
| | | | 2025 | | | | | $ | 17,500 | | | | | $ | 10,000 | | | | | $ | 1,560 | | | | | $ | — | | | | | | | | | | | $ | 29,060 | | |
| | | |
Grant
Date |
| |
Approval
Date |
| |
Estimated Possible Payouts Under
Non-Equity Incentive Plan Awards |
| |
Estimated Future Payouts Under
Equity Incentive Plan Awards |
| |
All Other
Stock Awards: Number of Shares of Stock or Securities Underlying Options (#) |
| |
Exercise or
Base Price of the Option Awards ($/share) |
| |
Grant Date
Fair Value of Stock and Option Awards(2) ($) |
| ||||||||||||||||||||||||||||||||||||
|
Name
|
| |
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |
Threshold
(# of shares) |
| |
Target
(# of shares) |
| |
Maximum
(# of shares) |
| |||||||||||||||||||||||||||||||||||||||
| Kenneth C. Keller | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
2025 Annual Bonus Plan(1)
|
| |
N/A
|
| |
N/A
|
| | | $ | 306,065 | | | | | $ | 1,224,258 | | | | | $ | 2,448,516 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
2025-2027 PS LTIAs
|
| |
3/25/2025
|
| |
3/25/2025
|
| | | | | | | | | | | | | | | | | | | | | | 118,925 | | | | | | 237,850 | | | | | | 713,550 | | | | | | | | | | | | | | $ | 1,056,054 | | |
|
Restricted Stock
|
| |
3/25/2025
|
| |
3/25/2025
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 237,850 | | | | | | | | $ | 1,569.810 | | |
| Bruce C. Wacha | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
2025 Annual Bonus Plan(1)
|
| |
N/A
|
| |
N/A
|
| | | $ | 101,362 | | | | | $ | 405,446 | | | | | $ | 810,892 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
2025-2027 PS LTIAs
|
| |
3/25/2025
|
| |
3/25/2025
|
| | | | | | | | | | | | | | | | | | | | | | 21,232 | | | | | | 42,464 | | | | | | 127,392 | | | | | | | | | | | | | | $ | 188,540 | | |
|
Restricted Stock
|
| |
3/25/2025
|
| |
3/25/2025
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 42,464 | | | | | | | | $ | 280,262 | | |
| Scott E. Lerner | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
2025 Annual Bonus Plan(1)
|
| |
N/A
|
| |
N/A
|
| | | $ | 87,367 | | | | | $ | 349,469 | | | | | $ | 698,938 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
2025-2027 PS LTIAs
|
| |
3/25/2025
|
| |
3/25/2025
|
| | | | | | | | | | | | | | | | | | | | | | 21,350 | | | | | | 42,701 | | | | | | 128,103 | | | | | | | | | | | | | | $ | 189,592 | | |
|
Restricted Stock
|
| |
3/25/2025
|
| |
3/25/2025
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 42,701 | | | | | | | | $ | 281,827 | | |
| Jordan E. Greenberg | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
2025 Annual Bonus Plan(1)
|
| |
N/A
|
| |
N/A
|
| | | $ | 70,338 | | | | | $ | 281,351 | | | | | $ | 562,702 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
2025-2027 PS LTIAs
|
| |
3/25/2025
|
| |
3/25/2025
|
| | | | | | | | | | | | | | | | | | | | | | 15,470 | | | | | | 30,940 | | | | | | 92,820 | | | | | | | | | | | | | | $ | 137,374 | | |
|
Restricted Stock
|
| |
3/25/2025
|
| |
3/25/2025
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 30,940 | | | | | | | | $ | 204,204 | | |
| Ellen M. Schum | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
2025 Annual Bonus Plan(1)
|
| |
N/A
|
| |
N/A
|
| | | $ | 72,393 | | | | | $ | 289,572 | | | | | $ | 579,144 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
2025-2027 PS LTIAs
|
| |
3/25/2025
|
| |
3/25/2025
|
| | | | | | | | | | | | | | | | | | | | | | 15,922 | | | | | | 31,844 | | | | | | 95,532 | | | | | | | | | | | | | | $ | 141,387 | | |
|
Restricted Stock
|
| |
3/25/2025
|
| |
3/25/2025
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 31,844 | | | | | | | | $ | 210,170 | | |
| Andrew D. Vogel | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
2025 Annual Bonus Plan(1)
|
| |
N/A
|
| |
N/A
|
| | | $ | 62,654 | | | | | $ | 250,614 | | | | | $ | 501,228 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
2025-2027 PS LTIAs
|
| |
3/25/2025
|
| |
3/25/2025
|
| | | | | | | | | | | | | | | | | | | | | | 13,780 | | | | | | 27,560 | | | | | | 82,680 | | | | | | | | | | | | | | $ | 122,366 | | |
|
Restricted Stock
|
| |
3/25/2025
|
| |
3/25/2025
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 27,560 | | | | | | | | $ | 181,896 | | |
| | | |
Option Awards
|
| | |
Stock Awards(1)
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name
|
| |
Number of
Securities Underlying Options that are Exercisable |
| |
Number of
Securities Underlying Options that are Unexercisable |
| |
Option
Exercise Price ($) |
| |
Option
Grant Date |
| |
Option
Vesting Date |
| |
Option
Expiration Date |
| | |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market
Value of Shares or Units of Stock that Have Not Vested ($) |
| |
Equity
Incentive Plan Awards: Performance Period |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that Have Not Vested (#)(3) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights that Have Not Vested ($)(3) |
| ||||||||||||||||||||||||||||||
|
Kenneth C. Keller
|
| | | | 228,882 | | | | | | — | | | | | $ | 34.07 | | | | | | 6/14/2021 | | | | | | 6/14/2024 | | | | | | 6/14/2031 | | | | | | | | | | | | | | | | |
2024 to 2026
|
| | | | 148,434 | | | | | $ | 623,423 | | |
| | | | — | | | | | | 252,000 | | | | | $ | 14.02 | | | | | | 1/31/2023 | | | | |
|
(2)
|
| | | | | 1/31/2033 | | | | | | | | | | | | | | | | |
2025 to 2027
|
| | | | 237,850 | | | | | $ | 998,970 | | | ||
| | | | — | | | | | | 273,000 | | | | | $ | 19.63 | | | | | | 1/31/2023 | | | | |
|
(2)
|
| | | | | 1/31/2033 | | | | | | | 35,559(4) | | | | | $ | 149,348 | | | | | | | | | | | | | | | | | | ||
| | | | — | | | | | | 375,000 | | | | | $ | 25.24 | | | | | | 1/31/2023 | | | | |
|
(2)
|
| | | | | 1/31/2033 | | | | | | | 98,956(5) | | | | | $ | 415,615 | | | | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 237,850(6) | | | | | $ | 998,970 | | | | | | | | | | | | | | | | | | ||
|
Bruce C. Wacha
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2024 to 2026
|
| | | | 26,500 | | | | | $ | 111,300 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2025 to 2027
|
| | | | 42,464 | | | | | $ | 178,349 | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,769(4) | | | | | $ | 24,230 | | | | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 17,667(5) | | | | | $ | 74,201 | | | | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 42,464(6) | | | | | $ | 178,349 | | | | | | | | | | | | | | | | | | ||
|
Scott E. Lerner
|
| | | | 17,214 | | | | | | — | | | | | $ | 34.00 | | | | | | 3/15/2016 | | | | | | 3/15/2019 | | | | | | 3/15/2026 | | | | | | | | | | | | | | | | |
2024 to 2026
|
| | | | 26,648 | | | | | $ | 111,922 | | |
| | | | 11,920 | | | | | | — | | | | | $ | 41.60 | | | | | | 3/14/2017 | | | | | | 3/14/2020 | | | | | | 3/14/2027 | | | | | | | | | | | | | | | | |
2025 to 2027
|
| | | | 42,701 | | | | | $ | 179,344 | | | ||
| | | | 25,608 | | | | | | — | | | | | $ | 26.80 | | | | | | 3/13/2018 | | | | | | 3/13/2021 | | | | | | 3/13/2028 | | | | | | | 5,802(4) | | | | | $ | 24,368 | | | | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 17,765(5) | | | | | $ | 74,613 | | | | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 42,701(6) | | | | | $ | 179,344 | | | | | | | | | | | | | | | | | | ||
|
Jordan E. Greenberg
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2024 to 2026
|
| | | | 10,190 | | | | | $ | 42,798 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2025 to 2027
|
| | | | 6,016 | | | | | $ | 25,267 | | | ||
|
Ellen M. Schum
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2024 to 2026
|
| | | | 19,873 | | | | | $ | 83,467 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2025 to 2027
|
| | | | 31,844 | | | | | $ | 133,745 | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,761(4) | | | | | $ | 19,996 | | | | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 13,249(5) | | | | | $ | 55,646 | | | | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 31,844(6) | | | | | $ | 133,745 | | | | | | | | | | | | | | | | | | ||
|
Andrew D. Vogel
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2024 to 2026
|
| | | | 17,034 | | | | | $ | 71,543 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2025 to 2027
|
| | | | 27,560 | | | | | $ | 115,752 | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,081(4) | | | | | $ | 17,140 | | | | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11,356(5) | | | | | $ | 47,695 | | | | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 27,560(6) | | | | | $ | 115,752 | | | | | | | | | | | | | | | | | | ||
| | | | | | |
Stock Awards
|
| |||||||||
|
Name
|
| |
Award Type
|
| |
Number of Shares
Acquired on Vesting(4) (#) |
| |
Value Realized
on Vesting(5) ($) |
| ||||||
|
Kenneth C. Keller
|
| |
2023-2025 PS LTIAs(1)
|
| | | | 281,820 | | | | | $ | 1,459,828 | | |
| | Restricted Stock(2) | | | | | 89,712 | | | | | $ | 592,099 | | | ||
|
Bruce C. Wacha
|
| |
2023-2025 PS LTIAs(1)
|
| | | | 45,716 | | | | | $ | 236,809 | | |
| | Restricted Stock(2) | | | | | 15,788 | | | | | $ | 104,201 | | | ||
|
Scott E. Lerner
|
| |
2023-2025 PS LTIAs(1)
|
| | | | 45,972 | | | | | $ | 238,135 | | |
| | Restricted Stock(2) | | | | | 15,893 | | | | | $ | 104,894 | | | ||
|
Jordan E. Greenberg
|
| |
2023-2025 PS LTIAs(1)
|
| | | | 15,935 | | | | | $ | 82,543 | | |
| | Restricted Stock(2) | | | | | 12,048 | | | | | $ | 79,517 | | | ||
| | Restricted Stock(3) | | | | | 48,482 | | | | | $ | 222,048 | | | ||
|
Ellen M. Schum
|
| |
2023-2025 PS LTIAs(1)
|
| | | | 29,750 | | | | | $ | 154,105 | | |
| | Restricted Stock(2) | | | | | 12,326 | | | | | $ | 81,352 | | | ||
|
Andrew D. Vogel
|
| |
2023-2025 PS LTIAs(1)
|
| | | | 16,170 | | | | | $ | 83,761 | | |
| | Restricted Stock(2) | | | | | 10,626 | | | | | $ | 70,132 | | | ||
|
Name
|
| |
Continuation
of Salary |
| |
Continuation of
Health Care and Other Insurance Benefits |
| |
Estimated
Present Value of Additional Pension Credits(2) |
| |
Accelerated
Vesting of Options(3) |
| |
Accelerated
Vesting of Restricted Stock(4) |
| |
Total
|
| ||||||||||||||||||
|
Kenneth C. Keller
|
| | | $ | 2,448,516 | | | | | $ | 30,988 | | | | | | — | | | | | | — | | | | | $ | 1,563,933 | | | | | $ | 4,043,437 | | |
|
Bruce C. Wacha
|
| | | $ | 926,734 | | | | | $ | 41,347 | | | | | $ | 26,407 | | | | | | — | | | | | $ | 276,780 | | | | | $ | 1,271,269 | | |
|
Scott E. Lerner
|
| | | $ | 931,918 | | | | | $ | 41,347 | | | | | $ | 25,009 | | | | | | — | | | | | $ | 278,326 | | | | | $ | 1,276,601 | | |
|
Jordan E. Greenberg(1)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Ellen M. Schum
|
| | | $ | 772,192 | | | | | $ | 41,347 | | | | | $ | 38,484 | | | | | | — | | | | | $ | 209,387 | | | | | $ | 1,061,410 | | |
|
Andrew D. Vogel
|
| | | $ | 668,304 | | | | | $ | 41,347 | | | | | | — | | | | | | — | | | | | $ | 180,587 | | | | | $ | 890,238 | | |
|
Name
|
| |
Continuation
of Salary |
| |
Continuation
of Health Care and Other Insurance Benefits |
| |
Estimated
Present Value of Additional Pension Credits(2) |
| |
Accelerated
Vesting of LTIAs(3) |
| |
Accelerated
Vesting of Options(3)(4) |
| |
Accelerated
Vesting of Restricted Stock(3) |
| |
Gross-
Up for Excise Taxes(5) |
| |
Total
|
| ||||||||||||||||||
|
Kenneth C. Keller
|
| | | $ | 4,897,032 | | | | | $ | 61,976 | | | | | | — | | | | | $ | 748,604 | | | |
—
|
| | | $ | 1,563,933 | | | |
—
|
| | | $ | 7,271,545 | | |
|
Bruce C. Wacha
|
| | | $ | 1,853,469 | | | | | $ | 82,694 | | | | | $ | 52,815 | | | | | $ | 133,648 | | | |
—
|
| | | $ | 276,780 | | | |
—
|
| | | $ | 2,399,406 | | |
|
Scott E. Lerner
|
| | | $ | 1,863,837 | | | | | $ | 82,694 | | | | | $ | 50,018 | | | | | $ | 134,392 | | | |
—
|
| | | $ | 278,326 | | | |
—
|
| | | $ | 2,409,267 | | |
|
Jordan E. Greenberg(1)
|
| | | | — | | | | | | — | | | | | | — | | | | | $ | 68,065 | | | |
—
|
| | | | — | | | |
—
|
| | | $ | 68,065 | | |
|
Ellen M. Schum
|
| | | $ | 1,544,384 | | | | | $ | 82,694 | | | | | $ | 76,966 | | | | | $ | 100,225 | | | |
—
|
| | | $ | 209,387 | | | |
—
|
| | | $ | 2,013,656 | | |
|
Andrew D. Vogel
|
| | | $ | 1,336,608 | | | | | $ | 82,694 | | | | | | — | | | | | $ | 86,276 | | | |
—
|
| | | $ | 180,587 | | | |
—
|
| | | $ | 1,686,165 | | |
|
Name
|
| |
Number of
Years of Credited Service |
| |
Present
Value of Accumulated Benefit(1) |
| |
Payments During
Last Fiscal Year |
| |||||||||
|
Kenneth C. Keller(2)
|
| | | | — | | | | | | — | | | | | | — | | |
|
Bruce C. Wacha
|
| | | | 8 | | | | | $ | 220,064 | | | | | | — | | |
|
Scott E. Lerner
|
| | | | 20 | | | | | $ | 510,587 | | | | | | — | | |
|
Jordan E. Greenberg(3)
|
| | | | 27 | | | | | $ | 862,074 | | | | | | — | | |
|
Ellen M. Schum
|
| | | | 7 | | | | | $ | 282,208 | | | | | | — | | |
|
Andrew D. Vogel(2)
|
| | | | — | | | | | | — | | | | | | — | | |
| | | | Summary Compen- sation Table Total for First PEO (Wenner) | | | Summary Compen- sation Table Total for Second PEO (Keller) | | | Compen- sation Actually Paid to First PEO (Wenner) | | | Compen- sation Actually Paid to Second PEO (Keller) | | | Average of Summary Compen- sation Table for non- PEO NEOs | | | Average Compen- sation Actually Paid to non- PEO NEOs | | | Value of Initial Fixed $100 Investment Based On: | | | | |||||||||||||||||||||||||||||||||||||
| Year(1) | | | Total Shareholder Return(2) | | | Peer Group Total Shareholder Return(3) | | | Net Income (Loss)(4) | | | Adjusted EBITDA(5) | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | |||||||||
| 2025 | | | | | N/A | | | | | $ | | | | | | N/A | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | ( | | | | | $ | | | |||||||
| 2024 | | | | | N/A | | | | | $ | | | | | | N/A | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | ( | | | | | $ | | | |||||||
| 2023 | | | | | N/A | | | | | $ | | | | | | N/A | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | ( | | | | | $ | | | |||||||
| 2022 | | | | | N/A | | | | | $ | | | | | | N/A | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | ( | | | | | $ | | | |||||||
| 2021 | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||||||
| Year | | | Principal Executive Officers (PEO) | | | Non-PEO Named Executive Officers | |
| 2025 | | | | | | Bruce C. Wacha, Scott E. Lerner, Jordan E. Greenberg, Ellen M. Schum, Andrew D. Vogel | |
| 2024 | | | Kenneth C. Keller | | | Bruce C. Wacha, Scott E. Lerner, Jordan E. Greenberg, Ellen M. Schum | |
| 2023 | | | Kenneth C. Keller | | | Bruce C. Wacha, Scott E. Lerner, Jordan E. Greenberg, Ellen M. Schum | |
| 2022 | | | Kenneth C. Keller | | | Bruce C. Wacha, Scott E. Lerner, Erich A. Fritz, Jordan E. Greenberg, Ellen M. Schum | |
| 2021 | | | David L. Wenner, Kenneth C. Keller | | | Bruce C. Wacha, Scott E. Lerner, Erich A. Fritz, Jordan E. Greenberg | |
| | | | 2025 | | | 2024 | | | 2023 | | | 2022 | | | 2021 | | |||||||||||||||||||||
| Adjustments(1) | | | Second PEO (Keller) | | | Second PEO (Keller) | | | Second PEO (Keller) | | | Second PEO (Keller) | | | Second PEO (Keller) | | | First PEO (Wenner) | | ||||||||||||||||||
| Summary Compensation Table (SCT) Total | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||
| Adjustments for stock awards and option awards | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (Deduct): Aggregate value for stock awards and option awards included in SCT total for the covered fiscal year | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | |
| Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | |||||
| Add (Deduct): Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end | | | | | ( | | | | | | ( | | | | | | | | | | | ( | | | | | | — | | | | | | — | | | |
| Add: Vesting date fair value of awards granted and vested during the covered fiscal year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | |
| Add (Deduct): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year | | | | | ( | | | | | | | | | | | | | | | | ( | | | | | | — | | | | | | — | | | ||
| (Deduct): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Add: Dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the SCT total for the covered fiscal year | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | |||||
| Adjustments for defined benefit pension plans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (Deduct): Aggregate change in actuarial present value included in SCT total for the covered fiscal year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Add: Service cost for the covered fiscal year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Add: Prior service cost for the covered fiscal year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| “Compensation Actually Paid” | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||
| | | | 2025 | | | 2024 | | | 2023 | | | 2022 | | | 2021 | | |||||||||||||||
| Adjustments(1) | | | Other NEOs | | | Other NEOs | | | Other NEOs | | | Other NEOs | | | Other NEOs | | |||||||||||||||
| Summary Compensation Table (SCT) Total | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | | | | |||||
| Adjustments for stock awards and option awards | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (Deduct): Aggregate value for stock awards and option awards included in SCT total for the covered fiscal year | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | |
| Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
| Add (Deduct): Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | | | | | | | |
| Add: Vesting date fair value of awards granted and vested during the covered fiscal year | | | | | | | | | | — | | | | | | — | | | | | | | | | | | — | | | ||
| Add (Deduct): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year | | | | | ( | | | | | | | | | | | | | | | | ( | | | | | | | | |||
| (Deduct): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Add: Dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the SCT total for the covered fiscal year | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
| Adjustments for defined benefit pension plans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (Deduct): Aggregate change in actuarial present value included in SCT total for the covered fiscal year | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | |
| Add: Service cost for the covered fiscal year | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
| Add: Prior service cost for the covered fiscal year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| “Compensation Actually Paid” | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | |||||
![[MISSING IMAGE: bc_tsr-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0001278027/000110465926039621/bc_tsr-4c.jpg)
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | |
Common Stock
|
| |||||||||
|
Name of Beneficial Owner
|
| |
Shares(1)
|
| |
Percentage
|
| ||||||
|
BlackRock, Inc.(2)
|
| | | | 5,539,910 | | | | | | 6.9% | | |
|
The Vanguard Group, Inc.(3)
|
| | | | 5,285,610 | | | | | | 6.6% | | |
|
Kenneth C. Keller
|
| | | | 1,167,403 | | | | | | 1.5% | | |
|
Bruce C. Wacha
|
| | | | 157,569 | | | | | | * | | |
|
Scott E. Lerner
|
| | | | 300,893 | | | | | | * | | |
|
Jordan E. Greenberg(4)
|
| | | | 62,725 | | | | | | * | | |
|
Ellen M. Schum
|
| | | | 130,568 | | | | | | * | | |
|
Andrew D. Vogel
|
| | | | 50,679 | | | | | | * | | |
|
DeAnn L. Brunts
|
| | | | 83,923 | | | | | | * | | |
|
Debra M. Chase
|
| | | | 60,541 | | | | | | * | | |
|
Charles F. Marcy(5)
|
| | | | 110,605 | | | | | | * | | |
|
Robert D. Mills
|
| | | | 72,741 | | | | | | * | | |
|
Dennis M. Mullen
|
| | | | 83,956 | | | | | | * | | |
|
Cheryl M. Palmer
|
| | | | 80,221 | | | | | | * | | |
|
Alfred Poe
|
| | | | 117,524 | | | | | | * | | |
|
Stephen C. Sherrill(6)
|
| | | | 697,476 | | | | | | * | | |
|
David L. Wenner(7)
|
| | | | 898,495 | | | | | | 1.1% | | |
|
All current directors and executive officers as a group (18 persons)
|
| | | | 4,239,019 | | | | | | 5.3% | | |
DeAnn L. Brunts, Chair
Charles F. Marcy
Dennis M. Mullen
Alfred Poe
|
Type of Fees
|
| |
Fiscal 2025
|
| |
Fiscal 2024
|
| ||||||
|
Audit Fees
|
| | | $ | 2,367,000 | | | | | $ | 2,460,000 | | |
|
Audit-Related Fees
|
| | | $ | — | | | | | $ | 735,242 | | |
|
Tax Fees
|
| | | $ | 43,978 | | | | | $ | 29,780 | | |
|
All Other Fees
|
| | | $ | — | | | | | $ | — | | |
|
Total
|
| | | $ | 2,411,278 | | | | | $ | 3,225,022 | | |
Secretary
April 3, 2026