John B. Sanfilippo & Son, Inc. completed its leadership transition effective October 1, 2026: Jeffrey T. Sanfilippo became Executive Chair, Jasper B. Sanfilippo, Jr. became Chief Executive Officer, and Frank Pellegrino became President and Chief Financial Officer. Pellegrino’s employment letter sets his base salary at $700,000 per year and his Sanfilippo Value Added Plan target bonus at 100% of salary. It provides cash severance equal to one or two times the sum of his salary and target bonus, and accelerated vesting of certain equity awards, if the company terminates him without cause or he terminates his employment for “Good Reason.” Customary releases and restrictive covenants apply to those benefits.
SANFILIPPO JOHN B & SON INC (JBSS) is asking stockholders to vote at a virtual annual meeting on October 28, 2026 on three items: electing ten directors split between Common Stock and Class A Stock holders, ratifying PricewaterhouseCoopers LLP as independent auditor for fiscal 2027, and approving an advisory "Say on Pay" vote on named executive officer compensation.
The company highlights a family-controlled, dual‑class structure in which the Sanfilippo Group holds 50.5% and the Valentine Group 23.8% of general voting power, while maintaining key board committees composed entirely of independent Common Stock directors and a Lead Independent Director role. Governance initiatives in fiscal 2026–2027 included expanded stockholder outreach, enhanced codes of conduct and AI, human rights and environmental policies, and strengthened readiness for evolving environmental reporting.
The proxy describes a CEO succession effective October 1, 2026, with Jeffrey T. Sanfilippo moving from CEO to Executive Chairman and Jasper B. Sanfilippo Jr. becoming CEO, and notes a pay‑for‑performance compensation framework that previously received approximately 98.2% support in the Say on Pay vote. The company also details board‑level oversight of risk, cybersecurity and pledging, and reports a recycling rate above 90.6% and fiscal 2026 audit fees to PricewaterhouseCoopers LLP of about $1.30 million.
SANFILIPPO JOHN B & SON INC (JBSS) furnished an investor presentation highlighting long-term growth, recent performance, and strategy as a leading U.S. nut and snack manufacturer. For FY 2026, net sales were $1.18 billion with EBITDA of $113.6 million and an EBITDA margin of 9.7%, on 349.3 million pounds sold.
Diluted EPS increased from $2.68 in FY 2016 to $5.26 in FY 2026, a 7.0% CAGR, while average daily stock price rose from $56.13 to $71.83. The consumer channel generated $960 million of FY 2026 net sales, up 6% versus FY 2025; commercial ingredients reached $120 million (+10%), and contract manufacturing $95 million (+4%). JBSS emphasizes private label and branded growth, especially in snack and nutrition bars, where installed bar lines add 64 million pounds of capacity. Financial position metrics show FY 2026 net working capital of $181.4 million and return on equity of 16.3%, supporting continued dividends and elevated capital investment.
SANFILIPPO JASPER BRIAN JR reported acquisition or exercise transactions in this Form 4 filing.
SANFILIPPO JOHN B & SON INC (JBSS) reported that director, officer, and ten percent owner Jasper Brian Sanfilippo Jr received an award of 4,698 shares of common stock on August 18, 2026. The shares were earned from previously granted Performance Stock Units under the 2023 Omnibus Incentive Plan after the Compensation and Human Resources Committee certified that performance reached 159% of the target PSUs. These PSUs are scheduled to vest and generally be paid in an equivalent number of common shares on November 12, 2028, and following this award he holds 33,746 shares of common stock directly.
SANFILIPPO JOHN B & SON INC (JBSS) reported that its CFO & EVP, Finance and Admin, Frank S. Pellegrino, acquired 2,584 shares of common stock through an earned award of Performance Stock Units (PSUs) previously granted under the 2023 Omnibus Incentive Plan. The PSUs were earned at 159% of the target after performance criteria were certified by the Compensation and Human Resources Committee on August 18, 2026. Subject to conditions, these PSUs are scheduled to vest and become generally payable in shares on November 12, 2028, bringing Pellegrino’s directly held common stock to 37,882 shares following this award.
SANFILIPPO JOHN B & SON INC (JBSS) reported that executive Julia A. Pronitcheva, SVP Human Resources, acquired 986 shares of common stock on August 18, 2026 via a grant/award. The award represents Performance Stock Units earned at 159% of target under the 2023 Omnibus Incentive Plan and is scheduled to vest on November 12, 2028, with settlement generally in an equivalent number of shares on that date. Following this award, she directly holds 10,936 shares.
SANFILIPPO JOHN B & SON INC (JBSS) reported that Chief Executive Officer and director Jeffrey T. Sanfilippo acquired an award tied to 4,698 shares of common stock. The award represents Performance Stock Units (PSUs) earned at 159% of the target level under the 2023 Omnibus Incentive Plan, based on performance certified on August 18, 2026. Each PSU represents a contingent right to receive one share upon vesting, and, subject to conditions, these PSUs are scheduled to vest and generally be paid in an equivalent number of common shares on November 12, 2028. Following this award, Sanfilippo is reported with 45,195 shares of common stock held directly.
SANFILIPPO JOHN B & SON INC (JBSS) reported that officer Michael J. Finn, VP, Corporate Controller, acquired 517 shares of common stock through the earning of Performance Stock Units under the 2023 Omnibus Incentive Plan. The PSUs were earned at 159% of target based on certified performance and are scheduled to vest on November 12, 2028, after which they are generally eligible to be settled in an equivalent number of common shares. Following this award, Finn holds 6,775.99 shares of JBSS common stock directly.
SANFILIPPO JOHN B & SON INC (JBSS) is a Delaware-based processor and distributor of peanuts, tree nuts and snack bars, operating a single reportable segment. It sells mainly private-brand and Fisher, Orchard Valley Harvest, Squirrel Brand and Southern Style Nuts products through consumer, commercial ingredient and contract manufacturing channels.
The company is generally vertically integrated in pecans, peanuts and walnuts, buying directly from growers and shelling in-house, which heightens exposure to crop, commodity-price and inventory-yield risk. Business is highly seasonal, with strongest nut demand in the last four calendar months and peak working capital needs in the third fiscal quarter.
JBSS is heavily dependent on a few customers: Walmart accounted for about 41% of fiscal 2026 net sales and Target about 12%. About 28% of nut, dried fruit and oat purchases were sourced internationally, adding geopolitical and FX risk. Operations are concentrated in five main production facilities, with meaningful available capacity in several plants and expanded warehouse space in Huntley, Illinois. A detailed cybersecurity program, led by experienced certified professionals and overseen by the board’s Audit Committee, is in place; no material cyber incidents have occurred to date. As of June 25, 2026, the company employed roughly 1,770 full-time employees and emphasizes safety, training, engagement and incentive-based compensation programs.