B&G Foods, Inc 8-K, filed Jul 15, 2020
B&G Foods, Inc. (BGS)
About this 8-K
B&G Foods, Inc filed this 8-K on July 15, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
As filed with the Securities and Exchange Commission on July 15, 2020
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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Item 5.02. Election of Director.
On July 15, 2020, the board of directors of B&G Foods elected Debra Martin Chase to our board of directors. The appointment, which is effective immediately, increases the size of our board to ten members. The board has determined that Ms. Chase is independent under the listing standards of the New York Stock Exchange and our corporate governance guidelines. The election of Ms. Chase increases the number of independent directors on the board to eight.
B&G Foods also established a Board-level corporate social responsibility (CSR) committee, which Ms. Chase will chair. The CSR committee will be responsible for overseeing, among other things, social and public policy issues; diversity and inclusion efforts; environmental and sustainability efforts; philanthropic activities; charitable contributions; and community relations. Current directors Robert D. Mills and David L. Wenner have also been appointed to the CSR committee. In addition to the CSR committee, Ms. Chase has also been appointed to the nominating and governance committee.
Ms. Chase will receive compensation as a non-employee director in accordance with our company’s non-employee director compensation practices described under the heading “Director Compensation” in our annual meeting proxy statement we filed with the Securities and Exchange Commission on March 26, 2020. The initial annual board cash fee, equity award and annual committee fees to be received by Ms. Chase will be pro-rated.
A copy of the press release we issued announcing the election of Ms. Chase to the board of directors is attached to this report as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. |
| 99.1 | Press Release dated July 15, 2020 |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| B&G FOODS, INC. | ||
| Dated: July 15, 2020 | By: | /s/ Scott E. Lerner |
| Scott E. Lerner | ||
| Executive Vice President, | ||
| General Counsel and Secretary | ||
Exhibit 99.1
B&G Foods Elects Debra Martin Chase to the Board of Directors
— Announces Establishment of Corporate Social Responsibility Committee —
PARSIPPANY, N.J., July 15, 2020 — B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors has elected Debra Martin Chase to the Board of Directors.
B&G Foods also established a Board-level Corporate Social Responsibility (CSR) Committee, which Ms. Chase will chair. The CSR Committee will be responsible for overseeing, among other things, social and public policy issues; diversity and inclusion efforts; environmental and sustainability efforts; philanthropic activities; charitable contributions; and community relations. Ms. Chase was also appointed to the Board’s Nominating and Governance Committee. The election of Ms. Chase to B&G Foods’ Board of Directors, which is effective immediately, increases the size of the Board to ten members, including eight independent directors.
Dennis M. Mullen, Chairman of the Nominating and Governance Committee, said, “We are delighted that Debra Martin Chase has agreed to join B&G Foods. Debra is a remarkably talented television and film producer with very strong leadership, business and legal skills. We are confident that Debra will complement the existing strengths of our Board, while also bringing fresh ideas and new perspectives to our Board discussions.”
Stephen C. Sherrill, Chairman of the Board of Directors, said, “Debra Chase is a trailblazer in her field and an inspiration to women and people of color in the film and television production industry. With her strong business acumen and legal skills and her commitment to diversity and inclusion, Debra will be an excellent addition to our Board. She will help to lead and inspire all of our employees to achieve great business results while doing so with a keen sense of social purpose.”
Ms. Chase, an Emmy-nominated and Peabody Award-winning television and motion picture producer, is an entertainment industry icon and trailblazer as the first African American female producer ever to have a production deal at a major studio, and the first African American woman to produce a film that grossed over $100 million. To date, her films have grossed over a half billion dollars.
Ms. Chase serves on the boards of the New York City Ballet, where she chairs the Diversity and Inclusion Committee, and the Second Stage Theatre in Manhattan, where she chairs the Artistic Committee. She is a member of the Academy of Motion Picture Arts and Sciences, the Academy of Television Arts and Sciences, and the advisory boards of the African American Film Critics’ Association and The Mayor’s Fund of New York City. She is also a long-serving co-chair of the Athena Film Festival in New York City, one of the largest film festivals in the United States dedicated to films by and about women.
Ms. Chase graduated Phi Beta Kappa and magna cum laude from Mount Holyoke College and Harvard Law School. Prior to entering the entertainment industry, Ms. Chase practiced corporate law in New York and Houston.
About B&G Foods, Inc.
Based in Parsippany, New Jersey, B&G Foods and our subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including Back to Nature, B&G, B&M, Cream of Wheat, Dash, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria, there’s a little something for everyone. For more information about B&G Foods and our brands, please visit www.bgfoods.com.
Contacts:
Investor Relations: ICR, Inc. Dara Dierks 866.211.8151 |
Media Relations: ICR, Inc. Matt Lindberg 203.682.8214 |