Smithfield Foods Announces Director Changes and Officer Appointments
Ticker: SFD · Form: 8-K · Filed: Mar 7, 2025 · CIK: 91388
Sentiment: neutral
Topics: corporate-governance, executive-appointments, board-changes
TL;DR
Smithfield Foods swapped a director, added a new one, and named a new CAO. Executive comp also adjusted.
AI Summary
Smithfield Foods, Inc. announced on March 3, 2025, the departure of director John R. Hogeboom and the election of new director Michael J. Schlotman. The company also appointed Joseph L. Seufer as Chief Accounting Officer and announced changes to its executive compensation arrangements.
Why It Matters
Changes in board composition and executive appointments can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance changes, such as director departures and appointments, and executive compensation adjustments, which are typical for a public company.
Key Numbers
- 001-15321 — SEC File Number (Identifies the company's filing history with the SEC.)
- 52-0845861 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Smithfield Foods, Inc. (company) — Registrant
- John R. Hogeboom (person) — Departing Director
- Michael J. Schlotman (person) — Newly Elected Director
- Joseph L. Seufer (person) — Appointed Chief Accounting Officer
- Virginia (location) — State of Incorporation
- 200 Commerce Street, Smithfield, VA 23430 (location) — Principal Executive Offices Address
- March 03, 2025 (date) — Date of earliest event reported
- March 07, 2025 (date) — Filing Date
FAQ
Who has departed from Smithfield Foods' board of directors?
John R. Hogeboom has departed from the board of directors as of March 3, 2025.
Who has been elected as a new director to Smithfield Foods' board?
Michael J. Schlotman was elected as a new director.
What is the new role appointed to Joseph L. Seufer?
Joseph L. Seufer has been appointed as the Chief Accounting Officer.
What is the principal executive office address for Smithfield Foods, Inc.?
The principal executive offices are located at 200 Commerce Street, Smithfield, VA 23430.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is March 03, 2025.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on March 7, 2025 by John R. Hogeboom regarding SMITHFIELD FOODS INC (SFD).