Lamb Weston Elects Two New Directors
Ticker: LW · Form: 8-K · Filed: Dec 23, 2024 · CIK: 1679273
Sentiment: neutral
Topics: board-of-directors, governance, officer-compensation
Related Tickers: LW
TL;DR
LW adds 2 directors to the board, effective immediately.
AI Summary
Lamb Weston Holdings, Inc. announced on December 18, 2024, a change in its board of directors. Specifically, the company elected two new directors, Karen L. Dearing and David R. Watson, to its Board of Directors, effective immediately. This filing also includes information regarding compensatory arrangements for certain officers.
Why It Matters
The addition of new directors can signal strategic shifts or a response to governance considerations, potentially impacting the company's future direction and shareholder value.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board appointments and compensatory arrangements, which are standard corporate governance events.
Key Players & Entities
- Lamb Weston Holdings, Inc. (company) — Registrant
- Karen L. Dearing (person) — Newly elected director
- David R. Watson (person) — Newly elected director
- December 18, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors to Lamb Weston's Board?
Karen L. Dearing and David R. Watson were elected as new directors.
When was the earliest event reported in this filing?
The earliest event reported was on December 18, 2024.
What type of information is included in this 8-K filing besides director changes?
The filing also includes information on compensatory arrangements of certain officers.
What is the state of incorporation for Lamb Weston Holdings, Inc.?
Lamb Weston Holdings, Inc. is incorporated in Delaware.
What is the principal executive office address for Lamb Weston Holdings, Inc.?
The address is 599 S. Rivershore Lane, Eagle, Idaho 83616.
Filing Stats: 1,208 words · 5 min read · ~4 pages · Grade level 10.5 · Accepted 2024-12-23 17:02:12
Key Financial Figures
- $1.00 — nge on which registered Common Stock, $1.00 par value LW New York Stock Exchange
- $1,000,000 — pensation: (i) an annual base salary of $1,000,000; (ii) a bonus opportunity with a target
- $5,250,000 — ion opportunity valued at approximately $5,250,000, pursuant to Lamb Weston's Long-Term In
- $550,000 — base salary based on an annual rate of $550,000, a bonus opportunity under the fiscal 2
Filing Documents
- lw-20241218.htm (8-K) — 37KB
- exhibit10_1offer12182024.htm (EX-10.1) — 4KB
- exhibit102transitionands.htm (EX-10.2) — 41KB
- exhibit102transitionands001.jpg (GRAPHIC) — 259KB
- exhibit102transitionands002.jpg (GRAPHIC) — 246KB
- exhibit102transitionands003.jpg (GRAPHIC) — 252KB
- exhibit102transitionands004.jpg (GRAPHIC) — 256KB
- exhibit102transitionands005.jpg (GRAPHIC) — 232KB
- exhibit102transitionands006.jpg (GRAPHIC) — 262KB
- exhibit102transitionands007.jpg (GRAPHIC) — 258KB
- exhibit102transitionands008.jpg (GRAPHIC) — 55KB
- exhibit102transitionands009.jpg (GRAPHIC) — 48KB
- exhibit102transitionands010.jpg (GRAPHIC) — 264KB
- exhibit102transitionands011.jpg (GRAPHIC) — 243KB
- exhibit102transitionands012.jpg (GRAPHIC) — 247KB
- exhibit102transitionands013.jpg (GRAPHIC) — 35KB
- exhibit102transitionands014.jpg (GRAPHIC) — 36KB
- exhibit102transitionands015.jpg (GRAPHIC) — 277KB
- exhibit10_1offer12182024001.jpg (GRAPHIC) — 220KB
- exhibit10_1offer12182024002.jpg (GRAPHIC) — 96KB
- 0001679273-24-000090.txt ( ) — 4752KB
- lw-20241218.xsd (EX-101.SCH) — 2KB
- lw-20241218_lab.xml (EX-101.LAB) — 21KB
- lw-20241218_pre.xml (EX-101.PRE) — 12KB
- lw-20241218_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 10.1 Letter Agreement, dated as of December 18, 2024, between Lamb Weston Holdings, Inc. and Michael J. Smith 10.2 Transition and Separation Agreement, dated as of December 23, 2024, between Lamb Weston Holdings, Inc. and Thomas P. Werner - 2 - 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) - 3 -
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LAMB WESTON HOLDINGS, INC. By: /s/ Eryk J. Spytek Name: Eryk J. Spytek Title: General Counsel and Chief Compliance Officer Date: December 23, 2024 - 4 -