Lancaster Colony Corp DEF 14A: Executive Comp & Annual Meeting
Ticker: MZTI · Form: DEF 14A · Filed: Oct 8, 2024 · CIK: 57515
Sentiment: neutral
Topics: executive-compensation, annual-meeting, proxy-statement
TL;DR
Lancaster Colony Corp's DEF 14A is out, detailing exec pay and shareholder meeting info for FY24.
AI Summary
Lancaster Colony Corp filed a DEF 14A on October 8, 2024, detailing executive compensation and annual meeting information for the fiscal year ending June 30, 2024. The filing includes data on equity awards granted and outstanding for key personnel, with specific figures for fiscal years 2021 through 2024.
Why It Matters
This filing provides transparency into how Lancaster Colony Corp compensates its top executives and outlines the agenda for its annual shareholder meeting, impacting investor decisions and corporate governance.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of executive compensation and annual meeting information, not indicating any immediate financial distress or significant operational changes.
Key Numbers
- 2024-11-06 — Conformed Period of Report (Fiscal year end for reporting)
- 2024-10-08 — Filed As Of Date (Date the filing was submitted)
- 0630 — Fiscal Year End (Indicates the end of the company's fiscal year)
Key Players & Entities
- LANCASTER COLONY CORP (company) — Filer
- 0000057515 (company) — Central Index Key
- OH (location) — State of Incorporation
- WESTERVILLE (location) — Business Address City
- 6142247141 (phone_number) — Business Phone
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors, executive compensation, and other business proposals.
What fiscal year does this DEF 14A filing primarily cover?
This DEF 14A filing has a conformed period of report of November 6, 2024, and includes data related to the fiscal year ending June 30, 2024, as well as comparative data from previous fiscal years (2020-2023).
Where is Lancaster Colony Corp headquartered?
Lancaster Colony Corp's business and mail address is listed as 380 Polaris Parkway, Westerville, OH 43082.
What is Lancaster Colony Corp's Standard Industrial Classification (SIC) code?
Lancaster Colony Corp's SIC code is 2030, which corresponds to 'Canned, Frozen & Preserved Fruit, Veg & Food Specialties'.
When was this DEF 14A filing submitted to the SEC?
This DEF 14A filing was submitted to the SEC on October 8, 2024.
Filing Stats: 4,530 words · 18 min read · ~15 pages · Grade level 12.6 · Accepted 2024-10-08 10:00:07
Filing Documents
- lanc-20241007.htm (DEF 14A) — 1204KB
- lanc-20241007_g1.jpg (GRAPHIC) — 76KB
- lanc-20241007_g2.jpg (GRAPHIC) — 61KB
- lanc-20241007_g3.jpg (GRAPHIC) — 68KB
- lanc-20241007_g4.jpg (GRAPHIC) — 444KB
- lanc-20241007_g5.jpg (GRAPHIC) — 295KB
- 0000057515-24-000023.txt ( ) — 4112KB
- lanc-20241007.xsd (EX-101.SCH) — 1KB
- lanc-20241007_htm.xml (XML) — 156KB
: Demographic Background
Part II: Demographic Background African American or Black — 1 Asian 1 — White 1 7 5 CORPORATE GOVERNANCE The Board has four standing committees: the Audit Committee, the Compensation Committee, the Nominating and Governance Committee, and the Executive Committee. In addition, the Board has adopted a Corporate Governance Program that includes Corporate Governance Principles, a Code of Business Ethics, Standards of Conduct and an Insider Trading Policy. Each of these documents and the charters of the Board Committees are posted on the Corporation's website at www.lancastercolony.com/investors/corporate-governance/governance-documents/default.aspx. Director Independence — The Board and the Nominating and Governance Committee have reviewed and evaluated transactions and relationships with Board members and Board nominees to determine the independence of each of the members or nominees. The Board does not believe that any of its nonemployee members or nominees have relationships with the Corporation that would interfere with the exercise of independent judgment in carrying out his or her responsibilities as a director. The Board and the Nominating and Governance Committee have determined that a majority of the Board's members are "independent directors," as that term is defined in the applicable Nasdaq Global Select Market ("Nasdaq") listing standards. The Board has identified and determined that Mses. Arnold and Brasier and Messrs. Fox, Fullen, Harris, Keown, Knight and Ostryniec are independent directors. Board Attendance — Each member of the Board is expected to make a reasonable effort to attend all meetings of the Board, all applicable committee meetings, and each annual meeting of shareholders. All members of the Board at the time of our virtual 2023 Annual Meeting attended the meeting, and each of the current members of the Board is expected to attend the 2024 Annual Meeting. The Board held a total of seven meetings during fiscal 2024. Each director atte