Sanfilippo & Son Files DEF 14A on Executive Compensation
Ticker: JBSS · Form: DEF 14A · Filed: Sep 12, 2024 · CIK: 880117
Sentiment: neutral
Topics: proxy-statement, executive-compensation, stock-awards, pension-plans
TL;DR
JBSS DEF 14A out: exec comp details & stock award adjustments for FY24.
AI Summary
John B. Sanfilippo & Son, Inc. filed a DEF 14A on September 12, 2024, detailing executive compensation and corporate actions for the fiscal year ending June 28, 2024. The filing includes adjustments related to stock awards and defined benefit pension plans for the covered fiscal years, specifically referencing periods like 2022-2023 and 2021-2022.
Why It Matters
This filing provides transparency into how executive compensation is structured and adjusted, which can influence investor perception and corporate governance.
Risk Assessment
Risk Level: low — This is a routine DEF 14A filing detailing executive compensation and is not indicative of immediate financial risk.
Key Numbers
- 20240912 — Filing Date (Date the DEF 14A was filed.)
- 0628 — Fiscal Year End (The end date of the company's fiscal year.)
Key Players & Entities
- SANFILIPPO JOHN B & SON INC (company) — Filer
- 0000880117 (company) — Central Index Key
- 20240912 (date) — Filing Date
- 0628 (date) — Fiscal Year End
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes and provide detailed information about matters to be voted on at a shareholder meeting, including executive compensation, director elections, and other corporate governance issues.
What specific fiscal year does this DEF 14A primarily cover?
While the filing date is September 12, 2024, the details within the filing pertain to adjustments for covered fiscal years, including periods like 2022-2023 and 2021-2022, related to executive compensation and stock awards.
What type of adjustments are detailed in this filing regarding stock awards?
The filing details adjustments for stock awards granted in prior fiscal years where vesting conditions were satisfied during the covered fiscal year, as well as awards that failed to meet vesting conditions during the covered fiscal year.
Does this filing mention any changes to defined benefit pension plans?
Yes, the filing includes adjustments for defined benefit pension plans, specifically referencing the aggregate change in actuarial present value and prior service cost for the covered fiscal years.
What is the SIC code for John B. Sanfilippo & Son, Inc.?
The Standard Industrial Classification (SIC) code for John B. Sanfilippo & Son, Inc. is 2060, which falls under Sugar & Confectionery Products.
Filing Stats: 4,600 words · 18 min read · ~15 pages · Grade level 14.1 · Accepted 2024-09-12 16:19:55
Filing Documents
- jbss-20240912.htm (DEF 14A) — 1885KB
- img24068991_0.jpg (GRAPHIC) — 659KB
- img24068991_1.jpg (GRAPHIC) — 34KB
- img24068991_2.jpg (GRAPHIC) — 338KB
- img24068991_3.jpg (GRAPHIC) — 331KB
- img24068991_4.jpg (GRAPHIC) — 325KB
- img24068991_5.jpg (GRAPHIC) — 34KB
- img24068991_6.jpg (GRAPHIC) — 834KB
- img24068991_7.jpg (GRAPHIC) — 183KB
- img24068991_8.jpg (GRAPHIC) — 82KB
- img24068991_9.jpg (GRAPHIC) — 184KB
- img24068991_10.jpg (GRAPHIC) — 87KB
- 0000950170-24-105937.txt ( ) — 10074KB
- jbss-20240912.xsd (EX-101.SCH) — 46KB
- jbss-20240912_htm.xml (XML) — 589KB
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 50 Review of Related Party Transactions 53 Delinquent Section 16(a) Reports 54 Other Annual Meeting Matters 55 Annex A – Amendment to Restated Certificate of Incorporation A- 1 Table of Contents John B. Sanfilippo & Son, Inc. PROXY STATEMENT ANNUAL MEETI NG OF STOCKHOLDERS October 30, 2024 This Proxy Statement is furnished in connection with the solicitation by the Board of Directors of John B. Sanfilippo & Son, Inc. (the "Board of Directors" or "Board"), a Delaware corporation, of proxies for use at the annual meeting of our stockholders to be held on Wednesday, October 30, 2024, at 11:30 A.M., Central Time, and at any postponement or adjournment thereof (the "Annual Meeting"). This year's Annual Meeting will be held via a live audio-only webcast. There is no physical location for the Annual Meeting. Stockholders will be able to join the meeting via a website where they can listen to the speakers, hear responses to any questions submitted by stockholders and answered by company management and vote their shares electronically. Instructions on how to participate in the Annual Meeting are posted at http://www.proxydocs.com/JBSS . Prior registration to attend the Annual Meeting at http://www.proxydocs.com/JBSS is required by 5:00 P.M., Eastern Time, on October 28, 2024. All shares of our Common Stock, $.01 par value (the "Common Stock"), and our Class A Common Stock, $.01 par value (the "Class A Stock"), entitled to vote at the Annual Meeting which are represented by properly submitted proxies will, unless such proxies have been revoked, be voted in accordance with the instructions given in such proxies. Any stockholder who has submitted a proxy may revoke it by: (a) delivering a written notice of revocation to our Secretary prior to the exercise of the proxy at the Annual Meeting; (b) duly submitting a subsequent properly executed proxy (by Internet, telephone or mail) so th