Seaboard Corp Appoints New CFO, Announces Officer Compensation
Ticker: SEB · Form: 8-K · Filed: Mar 25, 2024 · CIK: 88121
| Field | Detail |
|---|---|
| Company | Seaboard Corp /De/ (SEB) |
| Form Type | 8-K |
| Filed Date | Mar 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, cfo, compensation
TL;DR
New CFO at Seaboard Corp (David L. Lomas) starts March 22, replacing Robert L. Weick.
AI Summary
Seaboard Corporation announced on March 25, 2024, the departure of its Chief Financial Officer, Robert L. Weick, effective March 22, 2024. Concurrently, the company appointed David L. Lomas as the new Chief Financial Officer, also effective March 22, 2024. The company also disclosed compensatory arrangements for its officers.
Why It Matters
A change in CFO can signal shifts in financial strategy or reporting, and details on executive compensation are important for understanding management incentives.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Players & Entities
- Seaboard Corporation (company) — Registrant
- Robert L. Weick (person) — Departing Chief Financial Officer
- David L. Lomas (person) — Appointed Chief Financial Officer
- March 25, 2024 (date) — Date of Report
- March 22, 2024 (date) — Effective date of CFO change
FAQ
Who has been appointed as the new Chief Financial Officer of Seaboard Corporation?
David L. Lomas has been appointed as the new Chief Financial Officer of Seaboard Corporation.
When was the appointment of the new CFO effective?
The appointment of David L. Lomas as CFO was effective March 22, 2024.
Who is the departing Chief Financial Officer?
Robert L. Weick is the departing Chief Financial Officer.
What is the effective date of Robert L. Weick's departure?
Robert L. Weick's departure was effective March 22, 2024.
What other information is disclosed in this 8-K filing besides the CFO change?
The filing also discloses compensatory arrangements of certain officers and includes a Regulation FD Disclosure.
Filing Stats: 658 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-03-25 16:06:13
Key Financial Figures
- $1.00 — hange on which registered Common Stock $1.00 Par Value SEB NYSE American Indic
Filing Documents
- seb-20240325x8k.htm (8-K) — 49KB
- seb-20240325xex99d1.htm (EX-99.1) — 8KB
- 0000088121-24-000041.txt ( ) — 176KB
- seb-20240325.xsd (EX-101.SCH) — 3KB
- seb-20240325_lab.xml (EX-101.LAB) — 15KB
- seb-20240325_pre.xml (EX-101.PRE) — 10KB
- seb-20240325x8k_htm.xml (XML) — 5KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On March 25, 2024, the Company issued a press release announcing the management changes disclosed above under Item 5.02. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished in this Item 7.01 — "Regulation FD Disclosure" of this Current Report on Form 8-K and the press release attached hereto as Exhibit 99.1 shall not be deemed "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibits 99.1 Press release of Seaboard Corporation dated March 25, 2024 announcing the retirement of Peter B. Brown as President and Chief Executive Officer of Seaboard Foods and the appointment of Chad Groves to succeed Mr. Brown as President and Chief Executive Officer of Seaboard Foods. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 2 SIGNATURE 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 thereunto duly authorized. Date: March 25, 2024 Seaboard Corporation (Registrant) By: /s/ David H. Rankin David H. Rankin Executive Vice President, Chief Financial Officer (principal financial officer) 3