Bridgford Foods Corp. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Bridgford Foods Corporation will hold its 2024 annual shareholder meeting virtually on March 27, 2024, to elect directors, ratify accountants, and consider a shareholder proposal.</b>

AI Summary

BRIDGFORD FOODS CORP (BRID) filed a Proxy Statement (DEF 14A) with the SEC on February 27, 2024. The 2024 annual meeting of Bridgford Foods Corporation shareholders will be held virtually on March 27, 2024, at 2:00 p.m. Central Time. Shareholders will vote on the election of eight directors for a one-year term. The appointment of Baker Tilly US, LLP as the independent registered public accountants for the fiscal year ending November 1, 2024, will be ratified. A shareholder proposal will be considered and voted upon. The meeting will be held virtually via live internet webcast at www.virtualshareholdermeeting.com/BRID2024.

Why It Matters

For investors and stakeholders tracking BRIDGFORD FOODS CORP, this filing contains several important signals. This meeting is the primary forum for shareholders to exercise their voting rights on critical corporate governance matters, including director elections and auditor ratification. The virtual format allows for broader shareholder participation regardless of physical location, though it may limit direct personal interaction with management.

Risk Assessment

Risk Level: low — BRIDGFORD FOODS CORP shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting and does not contain significant new financial or operational information that would indicate elevated risk.

Analyst Insight

Shareholders should review the proxy materials carefully to understand the director nominees, the shareholder proposal, and the company's independent auditor appointment before the March 27, 2024 meeting.

Key Numbers

• 8 — Directors to be elected (Election of Directors)
• 2024-03-27 — Annual Meeting Date (2024 Annual Meeting of Shareholders)
• 2:00 p.m. Central Time — Annual Meeting Time (2024 Annual Meeting of Shareholders)
• 2024-11-01 — Fiscal Year End (Fiscal year for accountant appointment)

Key Players & Entities

• BRIDGFORD FOODS CORP (company) — Registrant
• March 27, 2024 (date) — Date of annual meeting
• Baker Tilly US, LLP (company) — Independent registered public accountants
• November 1, 2024 (date) — Fiscal year end for accountant appointment
• California (location) — State of incorporation
• Texas (location) — Principal executive offices location

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC regulations regarding proxy solicitations and annual meetings, including timely filing and accurate disclosure.
• Virtual Meeting Execution [low — operational]: Ensuring a smooth and accessible virtual meeting experience for all shareholders is crucial for effective communication and participation.
• Auditor Appointment Ratification [low — financial]: Shareholder approval of the independent auditor is a standard governance procedure that impacts financial reporting credibility.

Industry Context

Bridgford Foods Corporation operates in the prepared meat products industry, a sector subject to food safety regulations and consumer demand fluctuations.

Regulatory Implications

The company is subject to the Securities Exchange Act of 1934, requiring public filings like this proxy statement for shareholder communication and corporate governance.

What Investors Should Do

1. Review the list of director nominees and their qualifications.
2. Understand the details of the shareholder proposal to be voted on.
3. Confirm the ratification of Baker Tilly US, LLP as the independent auditor.

Key Dates

• 2024-03-27: 2024 Annual Meeting of Shareholders — Shareholders will vote on director elections, auditor ratification, and a shareholder proposal.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a definitive proxy statement for an annual meeting, indicating a routine corporate governance event rather than a change from a previous filing type.

Filing Documents

• formdef14a.htm (DEF 14A) — 499KB
• formdef14a_001.jpg (GRAPHIC) — 65KB
• formdef14a_002.jpg (GRAPHIC) — 72KB
• 0001493152-24-007942.txt (&nbsp;) — 688KB

From the Filing

DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Section 240.14a-12 Bridgford Foods Corporation (Name of Registrant as Specified In Its Charter) N/A (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: BRIDGFORD FOODS CORPORATION NOTICE OF 2024 ANNUAL MEETING OF SHAREHOLDERS To Be Held On March 27, 2024 2:00 p.m. Central Time To the Shareholders of BRIDGFORD FOODS CORPORATION: You are cordially invited to attend the 2024 annual meeting of shareholders of Bridgford Foods Corporation, a California corporation with principal executive offices located in Texas, on Wednesday, March 27, 2024, at 2:00 p.m. Central Time. The annual meeting will be held virtually via live internet webcast at www.virtualshareholdermeeting.com/BRID2024 . We are holding the annual meeting for the following purposes, as described in greater detail in the accompanying Proxy Statement: (1) Election of Directors. To elect eight directors to hold office for one year or until their successors are elected and qualified. (2) Ratification of Appointment of Accountants. To ratify the appointment of Baker Tilly US, LLP as the Company&rsquo;s independent registered public accountants for the fiscal year ending on November 1, 2024. (3) Shareholder Proposal. To consider and vote upon on the shareholder proposal contained in the Proxy Statement if properly presented at the meeting. (4) Other Business. To transact such other business as may properly come before the meeting, or at any postponements or adjournments thereof. The board of directors recommends that you vote &ldquo; FOR &rdquo; the election of each of the director nominees referenced in Proposal 1, &ldquo; FOR &rdquo; Proposal 2 and &ldquo; AGAINST &rdquo; Proposal 3. Only shareholders of record at the close of business on February 2, 2024, are entitled to notice of and to vote at the virtual annual meeting or any postponements or adjournments thereof. The annual meeting will be a completely virtual meeting of shareholders, which will be conducted via a live webcast. We believe hosting a virtual annual meeting will encourage increased shareholder attendance and participation while reducing the cost of holding the annual meeting for our Company and the cost of attending the annual meeting for our shareholders. You will be able to attend the annual meeting online, submit your questions and vote your shares electronically during the meeting by visiting www.virtualshareholdermeeting.com/BRID2024 . Your vote is extremely important. Whether or not you plan to attend the virtual annual meeting, the board of directors respectfully urges you to complete, date, sign and return the proxy mailed to you, or vote over the internet or by telephone as instructed in these materials, as promptly as possible in order to ensure your representation at the annual meeting. Even if you have voted by proxy, you may still vote online if you virtually attend the annual meeting. Please note, however, that if your shares are held of record by a broker, bank or other agent and you wish to vote at the annual meeting, you must follow the instructions from such organization and will need to obtain a proxy issued in your name from that record holder. By order of the Board of Directors /s/ Cindy Matthews-Morales Cindy Matthews-Morales, Chief Financial Officer and Secretary Dallas, Texas February 27, 2024 Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to Be Held on Wednesday, March

View Full Filing

View this DEF 14A filing on SEC EDGAR