0000088121-11-000012.txt : 20110906
0000088121-11-000012.hdr.sgml : 20110905
20110906160441
ACCESSION NUMBER: 0000088121-11-000012
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20110901
ITEM INFORMATION: Termination of a Material Definitive Agreement
ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION: Other Events
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20110906
DATE AS OF CHANGE: 20110906
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: SEABOARD CORP /DE/
CENTRAL INDEX KEY: 0000088121
STANDARD INDUSTRIAL CLASSIFICATION: MEAT PACKING PLANTS [2011]
IRS NUMBER: 042260388
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-03390
FILM NUMBER: 111075794
BUSINESS ADDRESS:
STREET 1: 9000 W. 67TH STREET
CITY: SHAWNEE MISSION
STATE: KS
ZIP: 66202
BUSINESS PHONE: 9136768800
MAIL ADDRESS:
STREET 1: 9000 W. 67TH STREET
CITY: SHAWNEE MISSION
STATE: KS
ZIP: 66202
FORMER COMPANY:
FORMER CONFORMED NAME: SEABOARD ALLIED MILLING CORP
DATE OF NAME CHANGE: 19820328
FORMER COMPANY:
FORMER CONFORMED NAME: HATHAWAY BAKERIES INC
DATE OF NAME CHANGE: 19710315
8-K
1
k89611.txt
SEABOARD CORPORATION 8-K DATED SEPTEMBER 1, 2011
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) September 1, 2011
Seaboard Corporation
(Exact name of registrant as specified in its charter)
Delaware 1-3390 04-2260388
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation) File Number) Identification No.)
9000 W. 67th Street, Shawnee Mission, Kansas 66202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (913) 676-8800
Not Applicable
(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:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.02 Termination of a Material Definitive Agreement.
On September 1, 2011, Rod K. Brenneman, President of Registrant's
subsidiary, Seaboard Foods LLC, was appointed President of Butterball, LLC,
which Registrant owns a 50 percent non-controlling voting interest in. In
order to assume his new role as President of Butterball, LLC, Mr. Brenneman
has resigned as President of Seaboard Foods LLC and no longer is an
executive officer of Registrant. Mr. Brenneman will continue to assist in
the management of Seaboard Foods LLC for an interim period. In connection
with this appointment, the Employment Agreement dated July 1, 2005 between
Seaboard Foods LLC, and Mr. Brenneman, as amended by First Amendment to
Employment Agreement dated December 15, 2008 (the "Employment Agreement"),
was terminated by mutual agreement of the parties, effective September 1,
2011. No early termination penalties will be incurred by Registrant on
account of Mr. Brenneman's resignation.
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
The information set forth in Item 1.02 above is incorporated herein by
reference.
Item 8.01 Other Events
On September 6, 2011, Registrant issued a press release announcing that Rod
K. Brenneman was appointed as President of Butterball, LLC. The press
release is attached here to as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Registrant hereby furnishes the following exhibit pursuant to Item
8.01:
99.1 Press release of Seaboard Corporation dated September 6, 2011
announcing that Rod K. Brenneman was appointed as President of
Butterball, LLC.
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 thereunto duly authorized.
DATE: September 6, 2011
Seaboard Corporation
by: /s/ Robert L. Steer
Robert L. Steer, Executive Vice President,
Chief Financial Officer
EX-99.1
2
ex99-1.txt
SEABOARD CORPORATION PRESS RELEASE
Exhibit 99.1
Press Release
Brenneman Appointed President of Butterball, LLC
September 6, 2011
Shawnee Mission, Kansas
Seaboard Corporation, together with Maxwell Farms, LLC, announced today
that Rod K. Brenneman has been appointed the President and Chief Executive
Officer of Butterball, LLC. Seaboard Corporation owns a 50 percent non-
controlling voting interest in Butterball in partnership with Maxwell
Farms, LLC. In order to assume his new role with Butterball, Brenneman has
stepped down as President and Chief Executive Officer of Seaboard Foods
LLC, but will continue to assist in the management of Seaboard Foods for an
interim period.
Steve Bresky, President and Chief Executive Officer of Seaboard
Corporation says, "Rod has done exceptionally well in developing Seaboard
Foods into the business it is today, and we are excited that Rod will bring
his proven management skills and business expertise to Butterball, our most
recent acquisition. With his strategic and customer oriented approach, we
are optimistic that Rod will bring significant value to Butterball
products, the brand name and the company overall. We are also encouraged
that Maxwell Farms has expressed the same optimism."
Brenneman began his career with Seaboard Corporation in 1989, and in
2001 was named President and Chief Executive Officer of Seaboard Foods, a
division of Seaboard Corporation. During his tenure at Seaboard Foods, the
integrated food company has become the second largest pork producer and a
top 5 pork processing company in the United States, and a leading exporter
of premium pork products throughout the world.
"I'm excited and honored to lead the iconic Butterball brand and its
integrated system," says Brenneman. "With the company's world-class
facilities and outstanding people, I look forward to building on the
brand's well-respected reputation by adding value and bringing Butterball
products to tables every day."
About Seaboard Corporation:
Seaboard Corporation has a history dating back more than 90 years.
Although the company has evolved over time through acquisitions,
partnerships and internal growth, its roots are in grain and agriculturally
derived products. Seaboard Corporation directly or indirectly employs more
than 14,000 people worldwide and is a Fortune 500 Company with net sales of
more than $4.3 billion annually. Seaboard is traded on the NYSE Amex
Equities under the symbol SEB. For more information on Seaboard
Corporation, visit www.seaboardcorp.com.
About Maxwell Farms, LLC:
Maxwell Farms, LLC is an affiliated company of Goldsboro Milling
Company. Headquartered in Goldsboro, N.C., Maxwell Farms, LLC owns the
Maxwell family's interest in Butterball, LLC. Goldsboro Milling began in
1916 as a feed mill that sold bag feed across eastern North Carolina. It
soon turned its attention to bulk feed and in 1958 began to grow turkeys.
In the mid 1980's, Goldsboro Milling joined with Carroll's Foods to form
Carolina Turkeys, which is now Butterball. In the late 1980's, Goldsboro
Milling added swine, and today is the tenth largest swine producer in the
U.S. Goldsboro Milling also invests in land and timber.
About Butterball, LLC:
Butterball, LLC is the largest producer of turkey products in the
United States. Headquartered in Garner, N.C, Butterball produces more than
1 billion pounds of turkey each year, and the company supplies its products
to more than 30 countries. The industry leader has seven plants located
throughout the United States.
For more information about Butterball, visit www.butterball.com. You
can also call 1-800-BUTTERBALL for answers to your most puzzling questions
about turkey preparation.
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