UNITED STATES
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FORM
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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 |
On May 9, 2023, Lancaster Colony Corporation (the “Corporation”) announced the appointment of Zena Srivatsa Arnold to the Corporation’s Board of Directors (the “Board”) as a Class II director, effective immediately, to serve until the 2024 annual meeting of shareholders and until her successor is duly elected. Ms. Arnold was unanimously appointed by the Board on May 8, 2023. The Board has not yet appointed Ms. Arnold to serve on any committees of the Board.
Ms. Arnold does not have any direct or indirect material interest in any transaction with the Corporation required to be disclosed pursuant to Item 404(a) of Regulation S-K. There is no arrangement or understanding between Ms. Arnold and any other person pursuant to which she was selected as a director.
As with each of the Corporation’s other non-employee directors, Ms. Arnold will be entitled to receive an annual retainer of $75,000, payable quarterly, as well as a grant of restricted stock with a grant date market value of approximately $100,000 to be awarded at a future date.
A press release announcing the appointment of Ms. Arnold is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. |
Description | |
99.1 | Press Release, dated May 9, 2023, entitled “Lancaster Colony Appoints Zena Srivatsa Arnold to Board of Directors.” | |
104 | Cover Page Interactive Data File (embedded within the 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.
Lancaster Colony Corporation | ||||||
Date: May 9, 2023 | By: | /s/ Matthew R. Shurte | ||||
Matthew R. Shurte | ||||||
General Counsel and Secretary |
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Exhibit 99.1
FOR IMMEDIATE RELEASE | SYMBOL: LANC | |
May 9, 2023 | TRADED: Nasdaq |
LANCASTER COLONY APPOINTS ZENA SRIVATSA ARNOLD
TO BOARD OF DIRECTORS
ZENA SRIVATSA ARNOLD |
WESTERVILLE, Ohio, May 9 Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has appointed Zena Srivatsa Arnold to the Companys Board of Directors. Ms. Arnold most recently served as Senior Vice President, Carbonated Soft Drinks, at PepsiCo., Inc. where she oversaw the Carbonated Soft Drink portfolio in North America, including some of PepsiCos largest brands such as Pepsi and Mountain Dew. Prior to joining PepsiCo, she was the Chief Digital and Marketing Officer of Kimberly-Clark Corporation, a global personal care and consumer products company and prior to that she held various management roles with Alphabet Inc. (Google). Ms. Arnold is an accomplished marketing and general management executive with extensive global experience in consumer packaged goods and technology. |
Lancaster Colonys Chairman, John B. Gerlach, Jr., commented, We are excited to welcome Zena to the Board. Her executive leadership skills and breadth of experience in marketing and management in the consumer packaged goods and technology industries will further strengthen the expertise of the Board in these areas. We look forward to working with Zena and leveraging her strong and diverse skill set to help grow our business and serve our stakeholders in the years ahead.
Ms. Arnold is currently a Board Member for EZCORP, the second-largest pawn shop operator in the Americas. She graduated from The Ohio State University with a B.S. in Computer Science.
About the Company
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels.
MORE .
PAGE 2 / LANCASTER COLONY APPOINTS ZENA SRIVATSA ARNOLD TO BOARD OF DIRECTORS
Forward-Looking Statements
We desire to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the PSLRA). This news release contains various forward-looking statements within the meaning of the PSLRA and other applicable securities laws. Such statements can be identified by the use of the forward-looking words anticipate, estimate, project, believe, intend, plan, expect, hope or similar words. These statements discuss future expectations; contain projections regarding future developments, operations or financial conditions; or state other forward-looking information. Such statements are based upon assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, expected future developments; and other factors we believe to be appropriate. These forward-looking statements involve numerous risks and uncertainties, including, without limitation, the various risks inherent in the Companys business as set forth in periodic reports filed with the Securities and Exchange Commission, including the Companys Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update such forward-looking statements, except as required by law. Management believes these forward-looking statements to be reasonable; however, you should not place undue reliance on such statements that are based on current expectations.
#####
FOR FURTHER INFORMATION: | Dale N. Ganobsik Vice President, Corporate Finance and Investor Relations Lancaster Colony Corporation Phone: 614/224-7141 Email: ir@lancastercolony.com |
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Document and Entity Information |
May 08, 2023 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | LANCASTER COLONY CORP |
Amendment Flag | false |
Entity Central Index Key | 0000057515 |
Document Type | 8-K |
Document Period End Date | May 08, 2023 |
Entity Incorporation State Country Code | OH |
Entity File Number | 000-04065 |
Entity Tax Identification Number | 13-1955943 |
Entity Address, Address Line One | 380 Polaris Parkway |
Entity Address, Address Line Two | Suite 400 |
Entity Address, City or Town | Westerville |
Entity Address, State or Province | OH |
Entity Address, Postal Zip Code | 43082 |
City Area Code | (614) |
Local Phone Number | 224-7141 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, without par value |
Trading Symbol | LANC |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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