Flowers Foods (NYSE: FLO) details $50,000/month consulting deal with retiring CFO
Rhea-AI Filing Summary
Flowers Foods, Inc. has entered into a consulting agreement with its retiring chief financial officer, R. Steve Kinsey. Mr. Kinsey retired from the CFO role effective December 31, 2025 and will continue to support the company as a consultant.
Under the agreement dated December 31, 2025, Mr. Kinsey will provide professional consulting services and advice from January 1, 2026 through February 28, 2026, with the term extendable by mutual agreement. He will be paid a consulting fee of $50,000 per month, payable in monthly installments in arrears, and either party may terminate the agreement on 30 days’ written notice. The agreement also includes confidentiality covenants covering his work for the company.
Positive
- None.
Negative
- None.
FAQ
What did Flowers Foods (FLO) announce regarding its CFO R. Steve Kinsey?
Flowers Foods announced that chief financial officer R. Steve Kinsey, who retired effective December 31, 2025, has entered into a consulting agreement to provide professional services to the company after his retirement.
How long will the former CFO consult for Flowers Foods (FLO)?
Under the consulting agreement, R. Steve Kinsey will provide services from January 1, 2026 through February 28, 2026, with the possibility of a later end date if both he and the company mutually agree.
How much will Flowers Foods (FLO) pay its former CFO under the consulting agreement?
Flowers Foods will pay $50,000 per month in consulting fees to R. Steve Kinsey, with payments made in monthly installments in arrears during the consulting term.
Can the consulting agreement with Flowers Foods’ former CFO be terminated early?
Yes. The consulting agreement allows either Flowers Foods or R. Steve Kinsey to terminate the arrangement at any time by giving 30 days’ written notice to the other party.
Does the Flowers Foods (FLO) consulting agreement include confidentiality obligations?
Yes. Under the consulting agreement, R. Steve Kinsey is subject to confidentiality covenants, requiring him to keep certain company information confidential while providing consulting services.
Where can investors find the full text of the Flowers Foods consulting agreement?
The full text of the Consulting Agreement dated December 31, 2025, between Flowers Foods, Inc. and R. Steve Kinsey is filed as Exhibit 10.1 and is incorporated by reference.