Palmby Paul Laurence reported acquisition or exercise transactions in this Form 4 filing.
Seneca Foods Corp reported that President & CEO Paul Laurence Palmby received an award of 2500 shares of Seneca Foods Class B Common as restricted stock on 2026-08-05 under the company’s 2007 Equity Incentive Plan. No price was paid. The restricted shares vest 25% per year over the next four years. Following this award, he directly holds 4533 Class B shares and 21184 Class A shares.
Wolcott Michael S reported acquisition or exercise transactions in this Form 4 filing.
Seneca Foods Corp reports that Senior Vice President, Chief Financial Officer and Treasurer Michael S. Wolcott received a grant of 1,000 shares of Seneca Foods Class B Common on August 5, 2026. The restricted stock, issued at $0.00 per share under the 2007 Equity Incentive Plan, vests 25% annually over four years. After the grant he holds 17,085 Class B, 9,781 Class A and 40,844 6% Preferred shares directly, plus 401(k) Stock Fund interests reported as 716 Class A and 205 Class B shares that fluctuate with plan activity.
Nelson Timothy Robert reported acquisition or exercise transactions in this Form 4 filing.
Seneca Foods Corp Chief Operating Officer Timothy Robert Nelson received an award of 1,000 shares of Seneca Foods Class B Common as restricted stock on August 5, 2026 under the company’s 2007 Equity Incentive Plan. No price was paid, and the stock vests 25% annually over four years. Following this grant, he holds Class B and Class A shares both directly and through units in the company’s 401(k) Stock Fund, including 2,196 shares of Class A common stock held directly.
Erstad Dean Everett reported acquisition or exercise transactions in this Form 4 filing.
Seneca Foods Corp granted Senior VP Sales & Marketing Dean Everett Erstad an award of 1,000 shares of Class B Common stock as restricted stock under its 2007 Equity Incentive Plan. The shares vest 25% annually over four years; Erstad now directly holds 1,000 Class B and 2,196 Class A shares.
Ide Gregory R reported acquisition or exercise transactions in this Form 4 filing.
Seneca Foods Corp reported that officer Gregory R Ide, VP, Controller/Asst. Secretary, received an award of 500 shares of Seneca Foods Class B Common on 2026-08-05. The restricted stock was granted under the 2007 Equity Incentive Plan at $0.0000 per share and vests 25% annually over four years. Following the grant, Ide directly holds 500 Class B shares and 1,281 Class A shares.
Seneca Foods Corporation, a major U.S. producer of packaged fruits and vegetables, reported strong fiscal first quarter 2027 results for the period ended June 27, 2026. Net sales rose to $405.2 million, up 36.2 percent year over year, driven mainly by higher canned and frozen vegetable volumes plus modest pricing and mix benefits. Net earnings increased to $19.5 million from $14.9 million, with basic earnings per share of $2.88. Gross margin declined on a GAAP basis to 11.8 percent from 14.1 percent because the prior-year quarter benefited from a larger LIFO credit; excluding the LIFO impact, management characterizes gross margin as steady year over year. On a FIFO basis, adjusted net earnings were $17.2 million and FIFO EBITDA was $38.0 million.
Operating cash flow strengthened to $109.1 million, supported by earnings and working capital movements, allowing Seneca Foods to reduce term debt and finance obligations to a combined carrying value of $217.1 million and end the quarter with $86.9 million of cash. Long term debt, excluding current portion, fell to $185.4 million, and the revolving credit facility remained largely undrawn with $398.6 million of availability. The company also voluntarily prepaid $50.0 million on its Amended Term Loan A-2 during the quarter and a further $50.0 million in July 2026, repurchased 9,900 Class A shares for $1.4 million, and continues to emphasize seasonal working capital needs, input cost inflation, weather risk, and labor and commodity volatility as important business drivers.
Seneca Foods Corporation has issued its 2026 proxy materials for the August 6 annual meeting, asking shareholders to elect three directors, approve executive pay, adopt a new equity plan, and ratify Deloitte & Touche as auditor. The proxy details a staggered nine-member board with seven independent directors and a separated Chair/CEO structure. It explains how shareholders can vote, broker voting rules, and quorum requirements. Executive pay is built around base salary, an annual bonus tied to Return on Invested Capital, and time-vested restricted stock. In fiscal 2026 the CEO earned $1.3 million, including a 50% of salary cash bonus after ROIC exceeded the top target. The company reports a CEO-to-median-employee pay ratio of 16:1 and emphasizes broad-based profit sharing and pension benefits. Shareholders are also asked to approve a new 2026 Equity Incentive Plan authorizing 120,000 restricted stock and restricted stock unit awards to key employees, replacing the 2007 plan.
Seneca Foods Corp director and President & CEO Paul Laurence Palmby reported a bona fide gift of 914 shares of Seneca Foods Class A Common on a Form 4. The gift carried a stated price of $0.00 per share. After this disposition, he directly holds 21,184 Class A shares and 2,033 Class B shares, indicating the transaction reflects a personal transfer rather than a market sale.
Seneca Foods Corporation filed its annual report, detailing operations for the year ended March 31, 2026 and related risks, controls and governance. The company remains a leading U.S. producer of packaged fruits and vegetables, now operating 27 main facilities and managing two reportable segments: Vegetable and Fruit/Snack.
Net sales reached $1,659,675,000 in fiscal 2026, up from $1,578,887,000 in 2025, led by canned vegetables at $1,366,632,000 and frozen vegetables at $151,183,000. During 2026, Seneca acquired the Green Giant U.S. frozen business, bolstering its frozen vegetable capabilities and adding to the Vegetable segment.
The filing highlights significant seasonality in production and working capital, outlines extensive risk factors from input cost inflation and labor shortages to climate and cybersecurity, and describes an active cybersecurity program aligned with the NIST framework. Seneca also reports a stock repurchase program and ongoing focus on sustainability, employee safety, and internal control effectiveness.