Seneca Foods (SENEA) SEC Filings

Seneca Foods Corporation reported second-quarter net sales of $492.6 million for the three months ended September 26, 2026, up 7.1% from $460.0 million a year earlier. Six-month sales rose 18.5% to $897.8 million from $757.5 million, driven by higher volume and selling prices/product mix, particularly in canned and frozen vegetables.

Six-month net earnings were $48.7 million, compared with $44.6 million, and diluted earnings per share were $7.12 versus $6.43. Quarterly net earnings were $29.2 million versus $29.7 million. Gross margin was 12.5% for the quarter and 12.2% for six months, compared with 13.4% and 13.7% a year earlier; Seneca attributed the GAAP declines mainly to prior-year LIFO credits versus current-period charges, while stating gross margin increased excluding LIFO effects.

Six-month operating cash flow was $81.1 million, compared with $83.0 million. Seneca used cash on hand for $100.0 million of voluntary prepayments on Amended Term Loan A-2; cash and cash equivalents were $10.7 million as of September 26, 2026. It finalized the Green Giant U.S. frozen business purchase price without adjustment and received $1.7 million of contingent consideration.

Seneca Foods Corporation is asking shareholders to approve two charter amendments: a five-for-one forward stock split and removal of the authorized Preferred Stock Without Par Value. Both amendments must be approved for either to take effect. If approved, authorized Class A Common Stock would rise from 20,000,000 to 100,000,000 shares, and authorized Class B Common Stock from 10,000,000 to 50,000,000 shares. The proposal also proportionally increases authorized shares of specified preferred classes and reduces specified par values and preferred-stock per-share terms.

Each share of an included class held immediately before the split would become five shares; the company states that proportional ownership and voting power would remain unchanged. The split is not expected to affect consolidated results of operations, while net income per share and other per-share amounts would be proportionally reduced. Implementation requires filing the amendments after the November 4, 2026 special meeting, and the board may decide not to proceed before filing.

Seneca Foods Corp (SENEA) reports that its Board of Directors approved amendments to its Certificate of Incorporation on September 21, 2026. The amendments reduce the designated shares of Class A Preferred Stock labeled Convertible Participating Preferred Stock from 4,166,667 to 6,602, reflecting that 4,160,065 such shares have already been retired and canceled.

The amendments also delete provisions governing a fourth series of 967,742 shares of Class A Preferred Stock designated Convertible Participating Preferred Stock, Series 2003, since all of those shares have been retired and canceled, and update the company’s office location and the address for service of process by the New York Secretary of State. Retired shares automatically become authorized Class A Preferred Stock under the company’s charter.

Seneca Foods Corp (SENEA) is asking shareholders at a November 4, 2026 special meeting to approve amendments to its Restated Certificate of Incorporation to effect a five‑for‑one forward stock split of all classes and series of its capital stock, with proportional changes to authorized share counts, par value, stated value, dividend rates, redemption prices and conversion prices. As of September 14, 2026, voting stock outstanding included 5,211,510 Class A common shares and 1,558,207 Class B common shares, plus several preferred series. The company is also seeking to remove the currently unissued Preferred Stock Without Par Value from its authorized capital. Both charter amendments are cross‑conditioned so that neither will be adopted unless both are approved.

Seneca Foods Corp (SENEA) reported that Senior VP Sales & Marketing Dean Everett Erstad sold 1,587 shares of Seneca Foods Class A Common on September 4, 2026 at a reported price of $206.16 per share in a sale described as occurring in the open market or a private transaction. After this sale, he directly holds 609 shares of Class A Common and 1,000 shares of Class B Common, and no Rule 10b5-1 trading plan is reported.

Seneca Foods Corp (SENEA) received a notice that officer Dean E. Erstad intends to sell Class A Common Stock under Rule 144. The notice covers 1,587 shares of Class A Common Stock, with an aggregate market value of $328,985.10, relative to 5,221,238 shares of Class A Common Stock outstanding as of September 2, 2026.

Seneca Foods Corp (SENEA) reported that Michael S. Wolcott, SVP, CFO & Treasurer, purchased 15,222 shares of the company’s 6% Preferred Stock on 2026-08-26 at $0.25 per share in a private transaction at par value, which equals the stated redemption price. Following this, he directly holds 56,066 preferred shares, as well as direct holdings of Class A and Class B common stock and additional indirect holdings through a 401(k) Stock Fund.

American Century entities reported passive ownership in Seneca Foods Corporation Class A Common Stock. American Century ETF Trust reported beneficial ownership of 272,841 shares, representing 5.2% of the class, with sole voting and dispositive power over these shares as of June 30, 2026.

American Century Investment Management, Inc., American Century Companies, Inc., and the Stowers Institute for Medical Research each reported beneficial ownership of 291,319 shares, representing 5.6% of the Class A Common Stock, with sole voting and sole dispositive power. The filing also explains that various advisory clients of American Century Investment Management have rights to dividends or sale proceeds, but no single client holds more than 5% of the class.

Seneca Foods Corporation reported the results of its 2026 Annual Meeting of Shareholders held on August 6, 2026. As of the record date, voting stock outstanding included 5,221,238 Class A shares with 0.05 votes per share, 1,549,202 Class B shares with 1 vote per share, 407,240 shares of 10% Cumulative Convertible Voting Preferred Stock Series A, 400,000 shares of 10% Cumulative Convertible Voting Preferred Stock Series B, and 200,000 shares of 6% Cumulative Voting Preferred Stock.

Shareholders elected directors Peter R. Call, Kraig H. Kayser, and Bruce E. Ware to serve until the 2029 annual meeting, each receiving over 2.0 million votes “For” with several hundred thousand broker non-votes. Investors also gave advisory approval to 2026 executive compensation with 2,039,835 votes For versus 14,463 Against, and adopted the 2026 Equity Incentive Plan with 1,918,211 For and 139,721 Against. In addition, shareholders ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending March 31, 2027, with 2,388,759 votes For and minimal opposition.