J.M. Smucker Files 8-K on Director Changes & Compensation

Ticker: SJM · Form: 8-K · Filed: 2024-08-15T00:00:00.000Z

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

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.

From the Filing

0000091419-24-000072.txt : 20240815 0000091419-24-000072.hdr.sgml : 20240815 20240815161558 ACCESSION NUMBER: 0000091419-24-000072 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240814 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20240815 DATE AS OF CHANGE: 20240815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: J M SMUCKER Co CENTRAL INDEX KEY: 0000091419 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FRUITS, VEG & PRESERVES, JAMS & JELLIES [2033] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 340538550 STATE OF INCORPORATION: OH FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05111 FILM NUMBER: 241212623 BUSINESS ADDRESS: STREET 1: ONE STRAWBERRY LANE CITY: ORRVILLE STATE: OH ZIP: 44667 BUSINESS PHONE: 3306823000 MAIL ADDRESS: STREET 1: ONE STRAWBERRY LANE CITY: ORRVILLE STATE: OH ZIP: 44667 FORMER COMPANY: FORMER CONFORMED NAME: SMUCKER J M CO DATE OF NAME CHANGE: 19920703 8-K 1 sjm-20240814.htm 8-K sjm-20240814 0000091419 false 0000091419 2024-08-14 2024-08-14 UNITED STATES S ECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934   Date of report (Date of earliest event reported): August 14, 2024 THE J. M. SMUCKER COMPANY (Exact name of registrant as specified in charter) Ohio 001-05111 34-0538550 (State or other jurisdiction of (Commission (IRS Employer incorporation or organization) File Number) Identification No.) One Strawberry Lane Orrville, Ohio 44667-0280 (Address of principal executive offices) (Zip code) Registrant’s telephone number, including area code: ( 330 ) 682-3000 Not Applicable (Former name or former address and former fiscal year, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common shares, no par value SJM New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) As disclosed in The J. M. Smucker Company’s (the “Company”) 2024 Proxy Statement and Notice of Annual Meeting of Shareholders (the “2024 Proxy Statement”), the Company’s Compensation and People Committee (the “Compensation Committee”) approved several changes to the Company’s long-term incentive compensation program for fiscal year 2025. At its meeting in August 2024, the Compensation Committee determined the performance metrics and targe

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