J.M. Smucker Executive Compensation Details Revealed
Ticker: SJM · Form: DEF 14A · Filed: Jun 28, 2024 · CIK: 91419
| Field | Detail |
|---|---|
| Company | J M Smucker Co (SJM) |
| Form Type | DEF 14A |
| Filed Date | Jun 28, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 17 min |
| Key Dollar Amounts | $8.2 billion, $9.94, $643 million, $438 million, $1.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, proxy-statement, sec-filing
Related Tickers: SJM
TL;DR
SJM dropped its proxy statement detailing exec pay - check the stock/option awards for FY24.
AI Summary
The J. M. Smucker Co. (SJM) filed its DEF 14A on June 28, 2024, detailing executive compensation for the fiscal year ending April 30, 2024. The filing includes information on stock awards, option awards, and changes in the fair value of equity awards for both PEO and Non-PEO members. Specific dollar amounts and dates related to these compensation elements are provided within the detailed tables.
Why It Matters
This filing provides transparency into how J.M. Smucker compensates its top executives, which can influence investor decisions and employee morale.
Risk Assessment
Risk Level: low — This is a routine DEF 14A filing disclosing executive compensation, not indicating new financial risks.
Key Numbers
- 20240628 — Filing Date (Date the DEF 14A was submitted to the SEC.)
- 20240814 — Report Period End (The period the filing is conformed to.)
- 0430 — Fiscal Year End (Indicates the end of the company's fiscal year for which compensation is reported.)
Key Players & Entities
- J M Smucker Co (company) — Filer of the DEF 14A
- 0000091419 (company) — Central Index Key for J. M. Smucker Co.
- 20240628 (date) — Filing date of the DEF 14A
- 20240814 (date) — Conformed period of report
- 0430 (date) — Fiscal year end
FAQ
What is the primary purpose of this DEF 14A filing?
The primary purpose of this DEF 14A filing is to provide detailed information regarding the compensation of J. M. Smucker Co.'s executive officers and directors.
When was this DEF 14A filing submitted to the SEC?
This DEF 14A filing was submitted to the SEC on June 28, 2024.
What is the Central Index Key (CIK) for J. M. Smucker Co.?
The Central Index Key (CIK) for J. M. Smucker Co. is 0000091419.
What is the fiscal year end for J. M. Smucker Co.?
The fiscal year end for J. M. Smucker Co. is April 30 (0430).
What types of compensation elements are detailed in the filing?
The filing details compensation elements such as stock awards, option awards, and changes in the fair value of equity awards for PEO and Non-PEO members.
Filing Stats: 4,368 words · 17 min read · ~15 pages · Grade level 16.2 · Accepted 2024-06-28 06:46:11
Key Financial Figures
- $8.2 billion — . For the fiscal year, net sales were $8.2 billion. Additional highlights of our fiscal ye
- $9.94 — ll-year adjusted earnings per share was $9.94*, reflecting a double-digit percentage
- $643 million — n a full-year basis, free cash flow was $643 million*; and Return of cash to shareholders
- $438 million — h to shareholders through dividends was $438 million. In addition to delivering another fi
- $1.5 million — ropic commitments, we donated more than $1.5 million to key partners, including Feeding Amer
Filing Documents
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- 0001193125-24-171203.txt ( ) — 13570KB
- sjm-20240430.xsd (EX-101.SCH) — 5KB
- sjm-20240430_def.xml (EX-101.DEF) — 4KB
- sjm-20240430_lab.xml (EX-101.LAB) — 6KB
- sjm-20240430_pre.xml (EX-101.PRE) — 4KB
- d834843ddef14a_htm.xml (XML) — 265KB
EXECUTIVE COMPENSATION ("SAY-ON-PAY")
EXECUTIVE COMPENSATION ("SAY-ON-PAY") 39
Executive Compensation (includes
Executive Compensation (includes Compensation Discussion and Analysis) 40 Compensation Committee Report 64 Compensation Committee Interlocks and Insider Participation 64 Compensation Tables 65 Summary Compensation Table 65 2024 Grants of Plan-Based Awards 67 Outstanding Equity Awards at 2024 Fiscal Year End 68 2024 Option Exercises and Stock Vested 69 2024 Pension Benefits 71 2024 Nonqualified Deferred Compensation 72 Potential Payments to Executive Officers Upon Termination or Change in Control 73 2024 CEO Pay Ratio 77 Pay Versus Performance 78 Related Party Transactions 82 83 Equity Compensation Plan Information 85 Annual Report 86 2025 Shareholder Proposals 86 Other Matters 86 "Householding" of Proxy Materials 87 Electronic Delivery of Company Shareholder Communications 88 Proxy Solicitation and Costs 88 Questions and Answers About the Annual Meeting and Voting 88 APPENDIX A: RECONCILIATION OF ADJUSTED OPERATING INCOME, ADJUSTED EARNINGS PER SHARE, AND FREE CASH FLOW TO THE RELATED GAAP MEASURES A-1 Table of Contents PROXY SUMMARY This summary highlights information contained elsewhere in this Proxy Statement. This summary does not contain all of the information you should consider. Please carefully read the entire Proxy Statement before voting. 2024 Annual Meeting of Shareholders DATE AND TIME Wednesday, August 14, 2024 | 11:00 a.m. Eastern Time LIVE WEBCAST www.virtualshareholdermeeting.com/SJM2024 WHO CAN VOTE Shareholders of record at the close of business on June 17, 2024 are entitled to vote at the virtual Annual Meeting. Voting Recommendations of the Board Proposal Proposal Summary Voting Recommendation Page Election of the Board nominees named in this Proxy Statement with terms expiring at the 2025 Annual Meeting of Shareholders 19 Ratification of appointment of Ernst & Young LLP as the Com