J.M. Smucker Files 8-K on Director Changes & Compensation
Ticker: SJM · Form: 8-K · Filed: Aug 15, 2024 · CIK: 91419
| Field | Detail |
|---|---|
| Company | J M Smucker Co (SJM) |
| Form Type | 8-K |
| Filed Date | Aug 15, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: SJM
TL;DR
Smucker's board and exec pay got a shake-up, filing shows.
AI Summary
On August 14, 2024, The J. M. Smucker Company filed an 8-K report detailing changes in its board of directors and executive compensation. The company announced the election of new directors and adjustments to its executive compensation arrangements, effective as of the report date.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation updates, which typically carry low risk.
Key Players & Entities
- The J. M. Smucker Company (company) — Registrant
- Ohio (location) — State of incorporation
- August 14, 2024 (date) — Date of earliest event reported
FAQ
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers, as well as the submission of matters to a vote of security holders.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on August 14, 2024.
What is the principal executive office address for The J. M. Smucker Company?
The principal executive office address is One Strawberry Lane, Orrville, Ohio 44667-0280.
What is the SIC code for The J. M. Smucker Company?
The Standard Industrial Classification (SIC) code for The J. M. Smucker Company is 2033, which pertains to Canned, Fruits, Veg & Preserves, Jams & Jellies.
What is the company's fiscal year end?
The company's fiscal year ends on April 30.
Filing Stats: 806 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2024-08-15 16:15:58
Filing Documents
- sjm-20240814.htm (8-K) — 54KB
- 0000091419-24-000072.txt ( ) — 176KB
- sjm-20240814.xsd (EX-101.SCH) — 2KB
- sjm-20240814_lab.xml (EX-101.LAB) — 21KB
- sjm-20240814_pre.xml (EX-101.PRE) — 12KB
- sjm-20240814_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. The Company held its Annual Meeting of Shareholders (the "Meeting") virtually on August 14, 2024, pursuant to the 2024 Proxy Statement sent on or about June 28, 2024 to all shareholders of record at the close of business on June 17, 2024. At the Meeting, 89,994,632 shares were represented in person or by proxy, which constituted a quorum. The final results for each of the matters submitted to a vote of the shareholders at the Meeting are set forth below. 1. The shareholders elected the following ten Directors to each serve a one-year term expiring at the 2025 Annual Meeting of Shareholders. The votes on this proposal were as follows: Number of Votes For Against Abstain Broker Non-Votes Mercedes Abramo 76,611,882 557,989 127,452 12,697,309 Tarang P. Amin 76,466,046 698,520 132,757 12,697,309 Susan E. Chapman-Hughes 75,812,275 1,360,851 124,197 12,697,309 Jay L. Henderson 75,625,121 1,546,696 125,506 12,697,309 Jonathan E. Johnson III 76,513,881 649,830 133,612 12,697,309 Kirk L. Perry 75,674,430 1,494,269 128,624 12,697,309 Alex Shumate 73,696,848 3,470,377 130,098 12,697,309 Mark T. Smucker 70,070,488 6,679,589 547,246 12,697,309 Jodi L. Taylor 75,988,776 1,186,738 121,809 12,697,309 Dawn C. Willoughby 75,197,067 1,975,061 125,195 12,697,309 2. The shareholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending April 30, 2025. The votes on this proposal were as follows: Number of Votes For Against Abstain Broker Non-Votes 81,999,999 7,836,474 158,159 — 3. The shareholders approved, on an advisory basis, the Company's executive compensation, as disclosed in the 2024 Proxy Statement. The votes on this proposal were as follows: Number of Votes For Against Abstain Broker Non-Votes 72,526,014 4,436,943 334,366 12,697,309 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act