Simply Good Foods Files 2025 Proxy Statement

Ticker: SMPL · Form: DEF 14A · Filed: Dec 12, 2024 · CIK: 1702744

Simply Good Foods Co DEF 14A Filing Summary
FieldDetail
CompanySimply Good Foods Co (SMPL)
Form TypeDEF 14A
Filed DateDec 12, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$1,331.3M, $139.3M, $269.1M, $1.38, $1.83
Sentimentneutral

Sentiment: neutral

Topics: proxy-statement, governance, shareholder-meeting

Related Tickers: SMPL

TL;DR

Simply Good Foods (SMPL) proxy filed. Vote on directors & auditors for Jan 23 meeting.

AI Summary

The Simply Good Foods Co. filed its definitive proxy statement (DEF 14A) on December 12, 2024, for its 2025 annual meeting of shareholders scheduled for January 23, 2025. The filing outlines the company's governance, executive compensation, and proposals to be voted on by shareholders, including the election of directors and ratification of the independent registered public accounting firm.

Why It Matters

This filing provides shareholders with crucial information to make informed voting decisions on company leadership and policies, impacting the company's future direction and financial performance.

Risk Assessment

Risk Level: low — This is a routine proxy filing providing information to shareholders and does not inherently introduce new risks.

Key Numbers

  • 20250123 — Annual Meeting Date (Shareholders will vote on proposals at this date.)
  • 20241212 — Filing Date (The proxy statement was filed on this date.)

Key Players & Entities

  • The Simply Good Foods Co. (company) — Registrant
  • 0001702744 (company) — Central Index Key
  • 20250123 (date) — Conformed Period of Report
  • 20241212 (date) — Filed as of Date

FAQ

What is the purpose of a DEF 14A filing?

A DEF 14A filing, or definitive proxy statement, is used by companies to solicit votes from shareholders for their annual meeting, providing details on matters to be voted upon, such as director elections and executive compensation.

When is The Simply Good Foods Co.'s 2025 annual meeting of shareholders?

The 2025 annual meeting of shareholders for The Simply Good Foods Co. is scheduled for January 23, 2025.

What are the main topics covered in this proxy statement?

This proxy statement covers the election of directors, the ratification of the independent registered public accounting firm, and other corporate governance matters.

Who is the filer of this proxy statement?

The filer of this proxy statement is The Simply Good Foods Co.

What is the company's fiscal year end?

The Simply Good Foods Co.'s fiscal year ends on August 26 (0826).

Filing Stats: 4,493 words · 18 min read · ~15 pages · Grade level 13.5 · Accepted 2024-12-12 16:05:22

Key Financial Figures

  • $1,331.3M — iscal Year 2024 Financial Highlights* $1,331.3M $139.3M $269.1M net sales net inc
  • $139.3M — 024 Financial Highlights* $1,331.3M $139.3M $269.1M net sales net income Adjus
  • $269.1M — ial Highlights* $1,331.3M $139.3M $269.1M net sales net income Adjusted EBITDA
  • $1.38 — net sales net income Adjusted EBITDA $1.38 $1.83 $215.7M 1.0x diluted Earni
  • $1.83 — s net income Adjusted EBITDA $1.38 $1.83 $215.7M 1.0x diluted Earnings Per
  • $215.7M — ncome Adjusted EBITDA $1.38 $1.83 $215.7M 1.0x diluted Earnings Per Share Ad
  • $215.7 m — ted steady cash flow from operations of $215.7 million, an increase of about 26% versus
  • $135.0 million — In fiscal year 2024, the Company repaid $135.0 million of its term loan debt, and at the end o
  • $400.0 million — , the outstanding principal balance was $400.0 million. As of August 31, 2024, the Company had
  • $132.5 million — ugust 31, 2024, the Company had cash of $132.5 million and a trailing 12-month Net Debt to Adj
  • $280.0 m — Foods funded the cash purchase price of $280.0 million, excluding post-closing purchase
  • $250.0 million — e sheet and an incremental borrowing of $250.0 million under its outstanding credit facility.
  • $511.6 m — to historical levels. Gross profit was $511.6 million, an increase of $58.1 million, or
  • $58.1 m — ofit was $511.6 million, an increase of $58.1 million, or nearly 13% compared to the pr
  • $3.2 million — g costs, partially offset by a non-cash $3.2 million inventory purchase accounting step-up a

Filing Documents

Business

Business Board Recommendation Proposal 1 FOR EACH NOMINEE Election of the 11 director nominees Proposal 2 FOR Ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for fiscal year 2025 Proposal 3 FOR Advisory vote to approve the compensation of our named executive officers By Order of the Board of Directors, James M. Kilts Chairman of the Board of Directors December 12, 2024 Voting Registered Stockholders BY PHONE: Call 1-800-690-6903, and follow the instructions on the proxy card BY INTERNET: Before the Annual Meeting: proxyvote.com During the Annual Meeting: virtualshareholdermeeting.com/ SMPL2025 BY MAIL: If you received your proxy materials by mail, you can vote by mail by signing, dating and mailing the enclosed proxy card. Beneficial Owners If your shares are held in the name of a broker, bank, trustee, other nominee or custodian, or other holder of record, you will receive instructions from the broker, bank, trustee, other nominee or custodian, or other holder of record as to how to vote your shares. If you intend to vote at the Annual Meeting, please contact your broker or agent to obtain a valid proxy or broker's proxy card with your 16-digit control number, which is required to vote during the Annual Meeting. TABLE OF CONTENTS Table of Contents PROXY STATEMENT SUMMARY 1 BOARD OF DIRECTORS AND CORPORATE GOVERNANCE 11 PROPOSAL ONE: ELECTION OF DIRECTORS 23 EXECUTIVE OFFICERS 37 COMPENSATION DISCUSSION AND ANALYSIS 40 Executive Summary 40 COMPENSATION COMMITTEE REPORT 52 COMPENSATION TABLES 53 Equity Compensation Plan Information 64 Delinquent Section 16(a) Reports 64 65 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 67 PROPOSAL TWO: RATIFICATION OF APPOINTMENT OF DELOITTE & TOUCHE LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACC

executive compensation; and

executive compensation; and ESG initiatives. Say-on-Pay At our annual meeting of stockholders in January 2024, we held our annual advisory vote to approve the compensation of our named executive officers. The fiscal year 2023 compensation of our named executive officers reported in our 2024 proxy statement was approved by 98.1% of the votes cast at the 2024 annual meeting of stockholders. Our Compensation Committee believes this affirms our stockholders' support of our approach to executive compensation. The Compensation Committee did not make any significant changes to our executive compensation program for fiscal year 2024. Our Corporate Responsibility and Integrity At Simply Good Foods, we take great pride in operating with high ethical standards. Our stakeholders expect us to continue to uphold high standards of conduct, and we expect all our business partners to do the same. As a food company, it is imperative that we supply reliable and high-quality products, ingredients and materials that meet all applicable quality and food safety standards, and that we ensure vigorous food-safety and quality control systems are in place. Simply Good Foods is a steadfast champion of consumer health and wellness and has supported millions of people on their health journeys by, among other things, supporting high-quality nutrition research, increasing nutrition awareness through free education and nutrition-related tools, offering great-tasting snacks and meal replacements along with over 1,000 free recipes, being involved in our local communities, and promoting active living. In May 2024, we announced our partnership with the Boys and Girls clubs of metro Denver to create the Spark and Spoon project. This project will impact over 28,000 kids and teens across Denver, providing them with nutrition education, healthy lifestyle programs, culinary programs, healthy food boxes, field trips, and provide funding for a dedicated full time staff member to support the progr

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.