Darling Ingredients Inc 8-K, filed Oct 27, 2021
Darling Ingredients Inc. (DAR)
8-K
2021-10-27
For: 2021-10-26
View Original
Added on
April 04, 2026
About this 8-K
Darling Ingredients Inc filed this 8-K on October 27, 2021, reporting on events of October 26, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
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
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 26, 2021, the Board of Directors (the “Board”) of Darling Ingredients Inc. (the “Company”) elected Celeste A. Clark, Ph.D., to the Board effective immediately. In connection with Dr. Clark’s election to the Board, the size of the Board was increased to ten members. It is expected that she will also be appointed to a new, standalone environmental, social and governance (ESG) committee currently being developed by the Board. The Board has determined that Dr. Clark is an independent director under the applicable New York Stock Exchange listing standards and the Company’s Corporate Governance Guidelines.
In connection with her service as a director, Dr. Clark will receive the Company’s standard non-employee director compensation, which currently consists of an annual retainer equal to $95,000, paid in quarterly installments, and an annual grant of $135,000 in value of restricted stock units, with Dr. Clark to receive a prorated amount of such grant, with the number of restricted stock units granted to be based on the closing price of our common stock on the date of her appointment to the Board. In addition, the Company will enter into its standard form of Indemnification Agreement for directors and executive officers with Dr. Clark, which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on February 25, 2008, and is incorporated herein by reference.
There is no arrangement or understanding between Dr. Clark and any other persons pursuant to which she was selected as a director, nor are there any transactions in which Dr. Clark has an interest requiring disclosure under Item 404(a) of Regulation S-K.
A copy of the press release announcing Dr. Clark’s election to the Board is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within Inline XBRL document) | |||||||
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SIGNATURES
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.
| DARLING INGREDIENTS INC. | |||||||||||
| Date: October 27, 2021 | By: | /s/ John F. Sterling | |||||||||
| John F. Sterling | |||||||||||
| Executive Vice President, General Counsel | |||||||||||
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EXHIBIT 99.1
News ReleaseDARLING INGREDIENTS INC. ANNOUNCES
NEW APPOINTMENT TO BOARD OF DIRECTORS
Company Names Celeste A. Clark as Director
IRVING, TEXAS, October 26, 2021/PRNewswire/ Darling Ingredients Inc. (NYSE: DAR) today announces the appointment of Celeste A. Clark, Ph.D., to its Board of Directors. Dr. Clark joins the Board as an independent director, and her appointment is effective immediately. The appointment of Dr. Clark will expand the total number of directors to ten. It is expected that she will also be appointed to a new, standalone environmental, social and governance (ESG) committee currently being developed by the Board.
Dr. Clark has served as a principal of Abraham Clark Consulting, LLC, a consulting firm, since November 2011 and consults on nutrition and health policy, regulatory affairs and leadership development. Dr. Clark is also an adjunct professor in the Department of Food Science and Human Nutrition at Michigan State University, where she has served in such position since January 2012. She previously served as Senior Vice President, Global Policy and External Affairs of Kellogg Company, a food manufacturing company, and was the Chief Sustainability Officer until she retired in 2011. She was a member of the Global Executive Management Team and had an accomplished career spanning nearly 35 years in the food industry. At Kellogg Company, she was responsible for the development and implementation of health, nutrition and regulatory science initiatives globally to ensure consistency in approach and implementation. In addition, she also led global corporate communications, public affairs, philanthropy and several administrative functions. Dr. Clark is currently a member of the board of directors of Wells Fargo & Company, The Hain Celestial Group, Inc. and Prestige Consumer Healthcare Inc. She also serves as a trustee of the W.K. Kellogg Foundation.
"We are excited to welcome Dr. Clark to our Board as her leadership, experience and wealth of knowledge in the areas of sustainability and nutrition are a great addition. I believe she will provide excellent guidance in enhancing our ESG messaging and bring thoughtful insight into the positioning of our Rousselot® brand Peptan products as they continue to grow across the globe,” said Randall C. Stuewe, Chairman and CEO of Darling Ingredients.
About Darling
Darling Ingredients Inc. (NYSE: DAR) is a world leading producer of organic ingredients, generating a wide array of sustainable protein and fat products while being one of the largest producers of renewable clean energy. With operations on five continents, Darling collects waste streams from the agri-food industry, repurposing into specialty ingredients, such as hydrolyzed collagen, edible and feed-grade fats, animal proteins and meals, plasma, pet food ingredients, fuel feedstocks, and green bioenergy. Darling Ingredients named one of the 50 Sustainability and Climate Leaders in 2021, to learn more Darling Ingredients: The greenest Company on the planet - 50 Sustainability & Climate Leaders (50climateleaders.com). The Company sells its ingredients around the globe and works to strengthen our promise for a better tomorrow, creating product applications for health, nutrients and bioenergy while optimizing our services to the food chain. Darling is a 50% joint venture partner in Diamond Green Diesel (DGD), North America's largest renewable diesel manufacturer, currently producing approximately 290 million gallons of renewable diesel annually which products reduce Greenhouse Gas (GHG) emissions by up to 85% compared to fossil fuels. For additional information, visit the Company's website at http://www.darlingii.com.
Safe Harbor Statement
Some of the statements made in this press release are forward-looking statements. These forward-looking statements are based upon our current expectations and projections about future events and generally relate to our plans, objectives and expectations for the development of our business. Although management believes that the plans and objectives reflected in or suggested by these forward-looking statements are reasonable, all forward-looking statements involve risks and uncertainties and actual future results may be materially different from the plans, objectives and expectations expressed in this press release.
| For more information contact: | ||||||||
| Jim Stark, Vice President, Investor Relations | Email : james.stark@darlingii.com | |||||||
| 5601 MacArthur Blvd., Irving, Texas 75038 | Phone : 972-281-4823 | |||||||