Lamb Weston Elects Two New Directors

TL;DR

LW adds 2 directors to the board, effective immediately.

AI Summary

Lamb Weston Holdings, Inc. announced on December 18, 2024, a change in its board of directors. Specifically, the company elected two new directors, Karen L. Dearing and David R. Watson, to its Board of Directors, effective immediately. This filing also includes information regarding compensatory arrangements for certain officers.

Why It Matters

The addition of new directors can signal strategic shifts or a response to governance considerations, potentially impacting the company's future direction and shareholder value.

Risk Assessment

Risk Level: low — This filing primarily concerns routine board appointments and compensatory arrangements, which are standard corporate governance events.

Key Players & Entities

• Lamb Weston Holdings, Inc. (company) — Registrant
• Karen L. Dearing (person) — Newly elected director
• David R. Watson (person) — Newly elected director
• December 18, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001679273-24-000090.txt : 20241223 0001679273-24-000090.hdr.sgml : 20241223 20241223170212 ACCESSION NUMBER: 0001679273-24-000090 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 32 CONFORMED PERIOD OF REPORT: 20241218 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241223 DATE AS OF CHANGE: 20241223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Lamb Weston Holdings, Inc. CENTRAL INDEX KEY: 0001679273 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES [2030] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 611797411 FISCAL YEAR END: 0525 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37830 FILM NUMBER: 241574708 BUSINESS ADDRESS: STREET 1: 599 S. RIVERSHORE LANE CITY: EAGLE STATE: ID ZIP: 83616 BUSINESS PHONE: 208.938.1047 MAIL ADDRESS: STREET 1: 599 S. RIVERSHORE LANE CITY: EAGLE STATE: ID ZIP: 83616 8-K 1 lw-20241218.htm 8-K lw-20241218 0001679273 FALSE 0001679273 2024-12-18 2024-12-18 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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): December 18, 2024 _________________________ Lamb Weston Holdings, Inc. (Exact name of registrant as specified in its charter) _________________________ Delaware 1-37830 61-1797411 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 599 S. Rivershore Lane 83616 Eagle , Idaho (Zip Code) (Address of principal executive offices) ( 208 ) 938-1047 (Registrant’s telephone number, including area code) N/A (Former name or former address, 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: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o 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 Stock, $1.00 par value LW 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      o 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.    o Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 18, 2024, the Board of Directors (the “Board”) of Lamb Weston Holdings, Inc. (“Lamb Weston”) appointed Michael J. Smith as President and Chief Executive Officer and as a member of the Board, effective January 3, 2025. Mr. Smith succeeds Thomas P. Werner who is stepping down as President and Chief Executive Officer and as a member of the Board on that date. Mr. Werner will serve in an advisory role as a non-executive employee through August 31, 2025 (the “Advisory Period”). Mr. Smith, age 48, has