Seneca Foods Corp SEC Filings

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 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.

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.

Seneca Foods Corp senior vice president, CFO and treasurer Michael S. Wolcott reported a bona fide gift of 250 shares of Seneca Foods Class B Common on March 31, 2026 at a reference price of $148.03 per share, equal to the closing price that day.

After the gift, he directly holds 16,085 Class B shares, 9,781 Class A shares, and 40,844 shares of 6% preferred stock. He also has indirect holdings through a 401(k) plan of 633 Class A and 167 Class B shares, with the plan’s unitized stock fund causing daily fluctuations in actual share counts.

Seneca Foods Corp senior vice president, CFO and treasurer Michael S. Wolcott reported a bona fide gift of 250 shares of Seneca Foods Class B Common on March 31, 2026 at a reference price of $148.03 per share, equal to the closing price that day.

After the gift, he directly holds 16,085 Class B shares, 9,781 Class A shares, and 40,844 shares of 6% preferred stock. He also has indirect holdings through a 401(k) plan of 633 Class A and 167 Class B shares, with the plan’s unitized stock fund causing daily fluctuations in actual share counts.

Seneca Foods delivered much stronger results for the quarter and nine months ended December 27, 2025. Quarterly net sales edged up to $508.3 million from $502.9 million, but profit expanded sharply, with net earnings rising to $44.8 million from $14.7 million and diluted EPS increasing to $6.48 from $2.10.

Gross margin improved to 16.4% from 9.8% for the quarter and to 14.8% from 10.9% year-to-date, helped by favorable LIFO inventory credits, lower per-unit production costs in the latest pack, and modest pricing/mix gains. Interest expense was cut roughly in half, as average borrowings on the revolving credit facility declined and the company fully repaid its Term Loan A-1.

For the nine months, net sales grew to $1.27 billion from $1.23 billion and net earnings more than doubled to $89.4 million. Cash from operations was $114.2 million, supporting $27.0 million of capital spending, $8.7 million of share repurchases, and meaningful term-debt reduction, while long-term debt decreased to $242.7 million and cash ended at $33.3 million.

Seneca Foods delivered much stronger results for the quarter and nine months ended December 27, 2025. Quarterly net sales edged up to $508.3 million from $502.9 million, but profit expanded sharply, with net earnings rising to $44.8 million from $14.7 million and diluted EPS increasing to $6.48 from $2.10.

Gross margin improved to 16.4% from 9.8% for the quarter and to 14.8% from 10.9% year-to-date, helped by favorable LIFO inventory credits, lower per-unit production costs in the latest pack, and modest pricing/mix gains. Interest expense was cut roughly in half, as average borrowings on the revolving credit facility declined and the company fully repaid its Term Loan A-1.

For the nine months, net sales grew to $1.27 billion from $1.23 billion and net earnings more than doubled to $89.4 million. Cash from operations was $114.2 million, supporting $27.0 million of capital spending, $8.7 million of share repurchases, and meaningful term-debt reduction, while long-term debt decreased to $242.7 million and cash ended at $33.3 million.

Kraig H. Kayser, a director of Seneca Foods Corp, reported a charitable gift of company stock. On January 15, 2026, he gifted 640 shares of Class B common stock at $119.71 per share, using the closing market price that day.

After this transaction, he beneficially owned 130,836 Class B common shares directly. He also held 61,113 Class A common shares, 32,168 Class A Series A preferred shares, and 91,400 Class A Series B preferred shares directly. Through the company 401(k) Stock Fund, he indirectly held 3,344 Class A and 883 Class B shares, with amounts that can fluctuate daily.

Seneca Foods Corp reporting person Paul Laurence Palmby disclosed discretionary dispositions of company stock held through the Seneca Foods 401(k) Stock Fund. The filing shows units tied to Class A and Class B common shares were redeemed from the unitized Stock Fund for portfolio diversification, with valuation based on the closing prices on the disposition date. The report lists dispositions executed on 08/27/2025 and indicates the disposed units reflected holdings within the 401(k) plan rather than direct open-market sales.

The explanation clarifies the Stock Fund continuously reallocates between Class A, Class B and cash, so the exact underlying share counts fluctuate daily and certain elective deferrals and company matching contributions since the last report were exempt from reporting.

Seneca Foods Corp reporting person Michael S. Wolcott, SVP, CFO & Treasurer, filed a Form 4 disclosing transactions on 08/25/2025. The filing shows a gift transaction of 320 Class B common shares (Transaction Code G) with a reference price of $108.51 per share. The report also lists disposals of 9,781 Class A common, 15,835 Class B common, and 40,844 6% preferred shares (all shown as disposed). Separately, the filer holds 633 Class A and 167 Class B units indirectly in the company 401(k) Stock Fund, which fluctuates daily and includes cash for transfers.

On August 7, 2025, Seneca Foods Corporation held its 2025 Annual Meeting. At the record date the company had outstanding shares of Class A common: 5,319,447 (0.05 votes per share), Class B common: 1,562,195 (1 vote per share), 10% Cumulative Convertible Voting Preferred Series A: 407,240 (1 vote per share), Series B: 400,000 (1 vote per share), and 6% Cumulative Preferred: 200,000 (1 vote per share; voting only for director elections). Shareholders elected Kathryn J. Boor, John P. Gaylord, and Paul L. Palmby to terms running until the 2028 Annual Meeting, with recorded votes of 2,187,291, 2,185,155, and 2,311,307 respectively (tables also show authority and non-vote counts). Shareholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2026 by a vote of 2,380,835 for, 1,120 against, and 35 abstentions.

Michael S. Wolcott, SVP, CFO & Treasurer of Seneca Foods Corp (ticker SENEA), filed a Form 4 reporting transactions dated 08/07/2025. The filing shows an award of 243 restricted shares of Class A common stock granted at no cost; these shares vest 25% per year over four years. The award is described as restricted stock under the company’s 2007 Equity Incentive Plan.

The report also discloses disposals of 15,515 Class B common shares and 40,844 of the company’s 6% preferred shares. The filing states indirect holdings of 633 Class A and 167 Class B units held via the Seneca Foods 401(k) Stock Fund, noting those units fluctuate daily and include recent elective deferrals and company matching contributions that were exempt from reporting. The Form 4 was signed by Gregory R. Ide, Attorney in Fact, on 08/11/2025.