Post Holdings Announces Director Changes and Officer Compensation
Ticker: POST · Form: 8-K · Filed: Nov 18, 2024 · CIK: 1530950
| Field | Detail |
|---|---|
| Company | Post Holdings, Inc. (POST) |
| Form Type | 8-K |
| Filed Date | Nov 18, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01, $464.9 m, $600.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-compensation, board-changes
TL;DR
Post Holdings board shakeup: new directors in, one out. Officer pay details also filed.
AI Summary
On November 12, 2024, Post Holdings, Inc. announced the departure of director Robert L. Beran and the appointment of new directors, including Christopher J. Lown and Michael A. Smith. The company also disclosed compensatory arrangements for certain officers, though specific details and dollar amounts were not provided in this filing.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while details on officer compensation are crucial for understanding executive incentives.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance changes and officer compensation disclosures, which typically carry low immediate risk.
Key Players & Entities
- Post Holdings, Inc. (company) — Registrant
- Robert L. Beran (person) — Departing Director
- Christopher J. Lown (person) — Appointed Director
- Michael A. Smith (person) — Appointed Director
- November 12, 2024 (date) — Earliest event reported
FAQ
Who has departed from the Post Holdings, Inc. board of directors?
Robert L. Beran has departed from the board of directors of Post Holdings, Inc.
Who has been appointed as new directors to the Post Holdings, Inc. board?
Christopher J. Lown and Michael A. Smith have been appointed as new directors to the Post Holdings, Inc. board.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on November 12, 2024.
What other items are disclosed in this 8-K filing besides director changes?
This 8-K filing also discloses the election of directors and compensatory arrangements of certain officers.
In which state is Post Holdings, Inc. incorporated?
Post Holdings, Inc. is incorporated in Missouri.
Filing Stats: 1,675 words · 7 min read · ~6 pages · Grade level 12.4 · Accepted 2024-11-18 16:37:12
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share POST New York Stock
- $464.9 m — gregate outstanding principal amount of $464.9 million, in accordance with the terms of
- $600.0 million — isclosed issuance on October 9, 2024 of $600.0 million in aggregate principal amount of its 6.
Filing Documents
- post-20241112.htm (8-K) — 45KB
- ex991-prnotesredemption.htm (EX-99.1) — 6KB
- image_0.jpg (GRAPHIC) — 157KB
- post-20241112_g1.jpg (GRAPHIC) — 410KB
- 0001530950-24-000375.txt ( ) — 1487KB
- post-20241112.xsd (EX-101.SCH) — 2KB
- post-20241112_lab.xml (EX-101.LAB) — 23KB
- post-20241112_pre.xml (EX-101.PRE) — 13KB
- post-20241112_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On November 15, 2024, the Company announced that it intends to redeem the remaining balance of its outstanding 5.625% senior notes due 2028 (the "2028 Notes"), having an aggregate outstanding principal amount of $464.9 million, in accordance with the terms of the Indenture dated as of December 1, 2017, by and among the Company, each of the guarantors party thereto and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, Trustee, as supplemented by that certain First Supplemental Indenture dated as of January 30, 2018, that certain Second Supplemental Indenture dated as of July 5, 2018, that certain Third Supplemental Indenture dated as of February 19, 2021, that certain Fourth Supplemental Indenture dated as of September 14, 2022 and that certain Fifth Supplemental Indenture dated as of May 19, 2023. The Company will redeem the 2028 Notes at 100.938% of the principal amount thereof, plus the accrued and unpaid interest to, but excluding, the redemption date (the "Redemption Amount"), which the Company anticipates will be December 2, 2024. The Company plans to fund the Redemption Amount with cash on hand, which includes net proceeds from the Company's previously disclosed issuance on October 9, 2024 of $600.0 million in aggregate principal amount of its 6.250% senior notes due 2034. A copy of the press release issued in connection with this announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 99.1 Redemption Announcement Press Release, dated November 15, 2024 104 Cover Page Interactive Data File (the cover page iXBRL tags are 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. Date: November 18, 2024 Post Holdings, Inc. (Registrant) By: /s/ Diedre J. Gray Name: Diedre J. Gray Title: EVP, General Counsel & Chief Administrative Officer, Secretary 4