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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance Table
The following table shows, for fiscal years 2021, 2022 and 2023, the “Total” compensation of our current and former CEOs and the average “Total” compensation for our other NEOs, as presented in the Summary Compensation Table, CAP for our current and former CEOs and the average CAP for other NEOs, Company total shareholder return, total shareholder return of the S&P Food & Beverage Select Industry Index, net income (loss) and our Company selected financial performance measure, Adjusted EBITDA.
 
Fiscal
Year
 
Summary
Compensation
Table Total
for Current
CEO
1

($)
 
Summary
Compensation
Table Total
for Former
CEO
2

($)
 
Compensation
Actually Paid
to Current
CEO
3

($)
 
Compensation
Actually Paid
to Former
CEO
3

($)
 
Average
Summary
Compensation
Table Total
for
Non-CEO

NEOs
4

($)
 
Average
Compensation
Actually Paid
to
Non-CEO

NEOs
5

($)
 
Value of Initial
Fixed $100
Investment
Based On:
 
Net Income
(Loss)
8

(Thousands)
($)
 
Adjusted
EBITDA
9

 (Thousands) 
($)
 
Company
Total
Shareholder
Return
6

($)
 
Peer Group
Total
Shareholder
Return
7

($)
2023
      4,765,456       7,741,908       3,752,004       847,657       1,646,461       551,002       39.70       135.55        (116,537 )       166,622
2022
            7,326,221             8,910,969       2,631,605       2,762,642       75.34       131.35        77,873       200,616
2021
            2,886,066             6,666,132       989,397       2,191,715       127.32       136.26        77,364       258,938
 
1
The amount shown in this column reflects the amount reported in the Total column of the Summary Compensation Table for fiscal year 2023 for Wendy P. Davidson, who has served as our President and CEO since January 1, 2023.
2
The amounts shown in this column reflect the amounts reported in the Total column of the Summary Compensation Table for each applicable fiscal year for Mark L. Schiller, our former President and CEO who departed that role on December 31, 2022.
 
3
The amounts shown in these columns reflect the “compensation actually paid” as calculated under SEC rules to Ms. Davidson for fiscal year 2023 and to Mr. Schiller for each applicable fiscal year. The following table shows those calculations.
 
Calculation of “Compensation Actually Paid” Under SEC
Rules – Current CEO and Former CEO
a
  
Current CEO –
Wendy P. Davidson
  
Former CEO –
Mark L. Schiller
  
Fiscal Year
2023
($)
  
Fiscal Year
2023
($)
 
Fiscal Year
2022
($)
 
Fiscal Year
2021
($)
Amount reported in Total column of Summary Compensation Table
       4,765,456        7,741,908       7,326,221       2,886,066
Deduction for amount reported in Stock Awards column of Summary Compensation Table (
i.e.
, grant date fair value of stock awards)
       (3,066,503)          (5,612,067 )       (6,024,187 )      
Increase for fair value at fiscal
year-end
of equity awards granted during the fiscal year that remain outstanding at fiscal
year-end
b
       2,053,051        464,267       2,079,133      
Increase/deduction for change in fair value during the fiscal year of equity awards granted in a prior fiscal year that remain outstanding at fiscal
year-end
b
                          3,749,953
Increase/deduction for change in fair value during the fiscal year, as of the vesting date, of equity awards granted in a prior fiscal year that vested in the fiscal year
b
              (55,420 )       5,529,802       30,113
Deduction for fair value at prior fiscal
year-end
of equity awards granted in a prior fiscal year that failed to meet vesting conditions and were forfeited during the fiscal year
b
              (1,691,031 )            
“Compensation Actually Paid” under SEC rules
    
 
3,752,004
      
 
847,657
     
 
8,910,969
     
 
6,666,132
 
 
  a
The following components of the calculation of “compensation actually paid” under SEC rules were not applicable: adjustments for defined benefit and actuarial pension plans; additions for equity awards that were both granted and vested during the same fiscal year; and additions for the value of dividends or other earnings paid on equity awards during the fiscal year and not otherwise included in the total compensation for the fiscal year.
  b
For all equity awards, our methodology for calculating the fair value remained consistent between the grant date fair value measurement and the subsequent fair value measurements, provided that certain changes to assumptions are reflected in subsequent fair value measurements of PSU awards. Fair values for PSU awards that are based on relative total shareholder return or absolute total shareholder return are measured using a Monte Carlo simulation model in accordance with FASB ASC Topic 718, as described in Note 13 to the Consolidated Financial Statements contained in the Company’s Annual Report on Form
10-K
for the fiscal year ended June 30, 2023. For both the Company and constituents of the peer group used for PSU awards based on relative total shareholder return, actual performance through the measurement date is taken into account. Additionally, the Monte Carlo simulation model requires the use of certain assumptions, which include assumptions relating to expected share price volatility, risk-free interest rate and, for relative total shareholder return PSUs, correlation coefficients, which factors inherently change over time.
 
4
The amounts shown in this column reflect, for each applicable fiscal year, the average of the amounts reported in the Total column of the Summary Compensation Table for the Company’s named executive officers other than the CEO. The named executive officers included for this purpose for each applicable year are as follows: (i) for fiscal year 2023, Wolfgang Goldenitsch, Kristy M. Meringolo, Christopher J. Bellairs and David J. Karch (former); (ii) for fiscal year 2022, Christopher J. Bellairs, Wolfgang Goldenitsch, Kristy M. Meringolo, David J. Karch (former), Javier H. Idrovo (former) and Christopher J. Boever (former); and (iii) for fiscal year 2021, Kristy M. Meringolo, Javier H. Idrovo (former), Christopher J. Boever (former) and Jeryl Wolfe (former).
 
5
The amounts shown in this column reflect, for each applicable fiscal year, the average amount of “compensation actually paid” as calculated under SEC rules to the Company’s named executive officers other than the CEO. The following table shows those calculations.
 
Calculation of “Compensation Actually Paid” Under SEC Rules –
Average for
Non-CEO
Named Executive Officers
a
  
Fiscal Year
2023
($)
   
Fiscal Year
2022
($)
   
Fiscal Year
2021
($)
 
Average amount reported in Total column of Summary Compensation Table
     1,646,461       2,631,605       989,397  
Deduction for average amount reported in Stock Awards column of Summary Compensation Table (
i.e.
, grant date fair value of stock awards)
b
     (915,950     (2,108,881      
Increase for average amount of fair value at fiscal
year-end
of equity awards granted during the fiscal year that remain outstanding at fiscal
year-end
b
     297,368       589,053        
Increase/deduction for average amount of change in fair value during the fiscal year of equity awards granted in a prior fiscal year that remain outstanding at fiscal
year-end
b
     (239,242     (3,500     1,145,052  
Increase/deduction for average amount of change in fair value during the fiscal year, as of the vesting date, of equity awards granted in a prior fiscal year that vested in the fiscal year
b
     (28,615     1,654,365       57,266  
Deduction for average amount of fair value at prior fiscal
year-end
of equity awards granted in a prior fiscal year that failed to meet vesting conditions and were forfeited during the fiscal year
b
     (209,020            
Average “Compensation Actually Paid” under SEC rules
  
 
551,002
 
 
 
2,762,642
 
 
 
2,191,715
 
 
  a
The following components of the calculation of “compensation actually paid” under SEC rules were not applicable: adjustments for defined benefit and actuarial pension plans; additions for equity awards that were both granted and vested during the same fiscal year; and additions for the value of dividends or other earnings paid on equity awards during the fiscal year and not otherwise included in the total compensation for the fiscal year.
  b
For all equity awards, our methodology for calculating the fair value remained consistent between the grant date fair value measurement and the subsequent fair value measurements, provided that certain changes to assumptions are reflected in subsequent fair value measurements of PSU awards. Fair values for PSU awards that are based on relative total shareholder return or absolute total shareholder return are measured using a Monte Carlo simulation model in accordance with FASB ASC Topic 718, as described in Note 13 to the Consolidated Financial Statements contained in the Company’s Annual Report on Form
10-K
for the fiscal year ended June 30, 2023. For both the Company and constituents of the peer group used for PSU awards based on relative total shareholder return, actual performance through the measurement date is taken into account. Additionally, the Monte Carlo simulation model requires the use of certain assumptions, which include assumptions relating to expected share price volatility, risk-free interest rate and, for relative total shareholder return PSUs, correlation coefficients, which factors inherently change over time.
 
6
The amounts shown in the column reflect the cumulative total shareholder return on our common stock during the period from June 30, 2020 through the end of the applicable fiscal year, assuming an investment of $100 in our common stock as of the market close on June 30, 2020.
7
The amounts shown in the column reflect the cumulative total shareholder return of the S&P Food & Beverage Select Industry Index, the published industry index used in the performance graph included in the Company’s Annual Report on Form
10-K
for the fiscal year ended June 30, 2023, during the period from June 30, 2020 through the end of the applicable fiscal year, assuming an investment of $100 as of the market close on June 30, 2020.
8
Represents the amount of net income (loss) reflected in the Company’s audited financial statements for each applicable fiscal year.
9
Represents the amount of Adjusted EBITDA reported by the Company for each applicable fiscal year. Adjusted EBITDA is the measure selected by the Company under SEC rules as the most important performance measure used to link CAP for the NEOs to Company performance during fiscal year 2023. Adjusted EBITDA is a
non-GAAP
financial measure. See
Appendix A
to this proxy statement for additional information on Adjusted EBITDA.
   
Company Selected Measure Name Adjusted EBITDA    
Named Executive Officers, Footnote The named executive officers included for this purpose for each applicable year are as follows: (i) for fiscal year 2023, Wolfgang Goldenitsch, Kristy M. Meringolo, Christopher J. Bellairs and David J. Karch (former); (ii) for fiscal year 2022, Christopher J. Bellairs, Wolfgang Goldenitsch, Kristy M. Meringolo, David J. Karch (former), Javier H. Idrovo (former) and Christopher J. Boever (former); and (iii) for fiscal year 2021, Kristy M. Meringolo, Javier H. Idrovo (former), Christopher J. Boever (former) and Jeryl Wolfe (former).    
Peer Group Issuers, Footnote The amounts shown in the column reflect the cumulative total shareholder return of the S&P Food & Beverage Select Industry Index, the published industry index used in the performance graph included in the Company’s Annual Report on Form
10-K
for the fiscal year ended June 30, 2023, during the period from June 30, 2020 through the end of the applicable fiscal year, assuming an investment of $100 as of the market close on June 30, 2020.
   
Adjustment To PEO Compensation, Footnote
3
The amounts shown in these columns reflect the “compensation actually paid” as calculated under SEC rules to Ms. Davidson for fiscal year 2023 and to Mr. Schiller for each applicable fiscal year. The following table shows those calculations.
 
Calculation of “Compensation Actually Paid” Under SEC
Rules – Current CEO and Former CEO
a
  
Current CEO –
Wendy P. Davidson
  
Former CEO –
Mark L. Schiller
  
Fiscal Year
2023
($)
  
Fiscal Year
2023
($)
 
Fiscal Year
2022
($)
 
Fiscal Year
2021
($)
Amount reported in Total column of Summary Compensation Table
       4,765,456        7,741,908       7,326,221       2,886,066
Deduction for amount reported in Stock Awards column of Summary Compensation Table (
i.e.
, grant date fair value of stock awards)
       (3,066,503)          (5,612,067 )       (6,024,187 )      
Increase for fair value at fiscal
year-end
of equity awards granted during the fiscal year that remain outstanding at fiscal
year-end
b
       2,053,051        464,267       2,079,133      
Increase/deduction for change in fair value during the fiscal year of equity awards granted in a prior fiscal year that remain outstanding at fiscal
year-end
b
                          3,749,953
Increase/deduction for change in fair value during the fiscal year, as of the vesting date, of equity awards granted in a prior fiscal year that vested in the fiscal year
b
              (55,420 )       5,529,802       30,113
Deduction for fair value at prior fiscal
year-end
of equity awards granted in a prior fiscal year that failed to meet vesting conditions and were forfeited during the fiscal year
b
              (1,691,031 )            
“Compensation Actually Paid” under SEC rules
    
 
3,752,004
      
 
847,657
     
 
8,910,969
     
 
6,666,132
 
 
  a
The following components of the calculation of “compensation actually paid” under SEC rules were not applicable: adjustments for defined benefit and actuarial pension plans; additions for equity awards that were both granted and vested during the same fiscal year; and additions for the value of dividends or other earnings paid on equity awards during the fiscal year and not otherwise included in the total compensation for the fiscal year.
  b
For all equity awards, our methodology for calculating the fair value remained consistent between the grant date fair value measurement and the subsequent fair value measurements, provided that certain changes to assumptions are reflected in subsequent fair value measurements of PSU awards. Fair values for PSU awards that are based on relative total shareholder return or absolute total shareholder return are measured using a Monte Carlo simulation model in accordance with FASB ASC Topic 718, as described in Note 13 to the Consolidated Financial Statements contained in the Company’s Annual Report on Form
10-K
for the fiscal year ended June 30, 2023. For both the Company and constituents of the peer group used for PSU awards based on relative total shareholder return, actual performance through the measurement date is taken into account. Additionally, the Monte Carlo simulation model requires the use of certain assumptions, which include assumptions relating to expected share price volatility, risk-free interest rate and, for relative total shareholder return PSUs, correlation coefficients, which factors inherently change over time.
   
Non-PEO NEO Average Total Compensation Amount $ 1,646,461 $ 2,631,605 $ 989,397
Non-PEO NEO Average Compensation Actually Paid Amount $ 551,002 2,762,642 2,191,715
Adjustment to Non-PEO NEO Compensation Footnote
5
The amounts shown in this column reflect, for each applicable fiscal year, the average amount of “compensation actually paid” as calculated under SEC rules to the Company’s named executive officers other than the CEO. The following table shows those calculations.
 
Calculation of “Compensation Actually Paid” Under SEC Rules –
Average for
Non-CEO
Named Executive Officers
a
  
Fiscal Year
2023
($)
   
Fiscal Year
2022
($)
   
Fiscal Year
2021
($)
 
Average amount reported in Total column of Summary Compensation Table
     1,646,461       2,631,605       989,397  
Deduction for average amount reported in Stock Awards column of Summary Compensation Table (
i.e.
, grant date fair value of stock awards)
b
     (915,950     (2,108,881      
Increase for average amount of fair value at fiscal
year-end
of equity awards granted during the fiscal year that remain outstanding at fiscal
year-end
b
     297,368       589,053        
Increase/deduction for average amount of change in fair value during the fiscal year of equity awards granted in a prior fiscal year that remain outstanding at fiscal
year-end
b
     (239,242     (3,500     1,145,052  
Increase/deduction for average amount of change in fair value during the fiscal year, as of the vesting date, of equity awards granted in a prior fiscal year that vested in the fiscal year
b
     (28,615     1,654,365       57,266  
Deduction for average amount of fair value at prior fiscal
year-end
of equity awards granted in a prior fiscal year that failed to meet vesting conditions and were forfeited during the fiscal year
b
     (209,020            
Average “Compensation Actually Paid” under SEC rules
  
 
551,002
 
 
 
2,762,642
 
 
 
2,191,715
 
 
  a
The following components of the calculation of “compensation actually paid” under SEC rules were not applicable: adjustments for defined benefit and actuarial pension plans; additions for equity awards that were both granted and vested during the same fiscal year; and additions for the value of dividends or other earnings paid on equity awards during the fiscal year and not otherwise included in the total compensation for the fiscal year.
  b
For all equity awards, our methodology for calculating the fair value remained consistent between the grant date fair value measurement and the subsequent fair value measurements, provided that certain changes to assumptions are reflected in subsequent fair value measurements of PSU awards. Fair values for PSU awards that are based on relative total shareholder return or absolute total shareholder return are measured using a Monte Carlo simulation model in accordance with FASB ASC Topic 718, as described in Note 13 to the Consolidated Financial Statements contained in the Company’s Annual Report on Form
10-K
for the fiscal year ended June 30, 2023. For both the Company and constituents of the peer group used for PSU awards based on relative total shareholder return, actual performance through the measurement date is taken into account. Additionally, the Monte Carlo simulation model requires the use of certain assumptions, which include assumptions relating to expected share price volatility, risk-free interest rate and, for relative total shareholder return PSUs, correlation coefficients, which factors inherently change over time.
   
Compensation Actually Paid vs. Total Shareholder Return
The following graph shows the relationship among (1) the CAP to our current CEO and our former CEO and the average of the CAP to our remaining NEOs in fiscal years 2021, 2022 and 2023, (2) the cumulative total shareholder return on our common stock and (3) the cumulative total shareholder return of the S&P Food & Beverage Select Industry Index, in the case of clauses (2) and (3) during the period from June 30, 2020 through June 30, 2023, assuming an investment of $100 as of the market close on June 30, 2020.
 
 
LOGO
   
Compensation Actually Paid vs. Net Income
The following graph shows the relationship between (1) the CAP to our current CEO and our former CEO and the average of the CAP to our remaining NEOs and (2) net income (loss), in each case in fiscal years 2021, 2022 and 2023.
 
 
LOGO
   
Compensation Actually Paid vs. Company Selected Measure
The following graph shows the relationship between (1) the CAP to our current CEO and our former CEO and the average of the CAP to our remaining NEOs and (2) Adjusted EBITDA, in each case in fiscal years 2021, 2022 and 2023.
 
 
LOGO
   
Total Shareholder Return Vs Peer Group
The following graph shows the relationship among (1) the CAP to our current CEO and our former CEO and the average of the CAP to our remaining NEOs in fiscal years 2021, 2022 and 2023, (2) the cumulative total shareholder return on our common stock and (3) the cumulative total shareholder return of the S&P Food & Beverage Select Industry Index, in the case of clauses (2) and (3) during the period from June 30, 2020 through June 30, 2023, assuming an investment of $100 as of the market close on June 30, 2020.
 
 
LOGO
   
Tabular List, Table
Following
is a list of the most important performance measures used to link CAP for the NEOs to Company performance during fiscal year 2023:
 
 
 
Adjusted EBITDA
 
 
 
Net Sales
 
 
 
Objectives, Goals, Strategies and Measures
(OGSMs)
 
 
 
Relative Total Shareholder Return
 
 
 
Company Total Shareholder Return
   
Total Shareholder Return Amount $ 39.7 75.34 127.32
Peer Group Total Shareholder Return Amount 135.55 131.35 136.26
Net Income (Loss) $ (116,537,000) $ 77,873,000 $ 77,364,000
Company Selected Measure Amount 166,622,000 200,616,000 258,938,000
Measure:: 1      
Pay vs Performance Disclosure      
Name Adjusted EBITDA    
Non-GAAP Measure Description Represents the amount of Adjusted EBITDA reported by the Company for each applicable fiscal year. Adjusted EBITDA is the measure selected by the Company under SEC rules as the most important performance measure used to link CAP for the NEOs to Company performance during fiscal year 2023. Adjusted EBITDA is a
non-GAAP
financial measure. See
Appendix A
to this proxy statement for additional information on Adjusted EBITDA.
   
Measure:: 2      
Pay vs Performance Disclosure      
Name Net Sales    
Measure:: 3      
Pay vs Performance Disclosure      
Name Objectives, Goals, Strategies and Measures (OGSMs)    
Measure:: 4      
Pay vs Performance Disclosure      
Name Relative Total Shareholder Return    
Measure:: 5      
Pay vs Performance Disclosure      
Name Company Total Shareholder Return    
Mark L Schiller [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount $ 7,741,908 $ 7,326,221 $ 2,886,066
PEO Actually Paid Compensation Amount $ 847,657 8,910,969 6,666,132
PEO Name Mark L. Schiller    
Wendy P Davidson [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount $ 4,765,456    
PEO Actually Paid Compensation Amount $ 3,752,004    
PEO Name Wendy P. Davidson    
PEO | Mark L Schiller [Member] | Deduction for amount reported in Stock Awards      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (5,612,067) (6,024,187)  
PEO | Mark L Schiller [Member] | Increase for fair value at fiscal year-end of equity awards granted during the fiscal year that remain outstanding      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 464,267 2,079,133  
PEO | Mark L Schiller [Member] | Increase/deduction for change in fair value during the fiscal year of equity awards granted in a prior fiscal year that remain outstanding      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     3,749,953
PEO | Mark L Schiller [Member] | Increase/deduction for change in fair value during the fiscal year, as of the vesting date, of equity awards granted in a prior fiscal year that vested in the fiscal year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (55,420) 5,529,802 30,113
PEO | Mark L Schiller [Member] | Deduction for fair value at prior fiscal year-end of equity awards granted in a prior fiscal year that failed to meet vesting conditions and were forfeited during the fiscal year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (1,691,031)    
PEO | Wendy P Davidson [Member] | Deduction for amount reported in Stock Awards      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (3,066,503)    
PEO | Wendy P Davidson [Member] | Increase for fair value at fiscal year-end of equity awards granted during the fiscal year that remain outstanding      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 2,053,051    
Non-PEO NEO | Deduction for amount reported in Stock Awards      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (915,950) (2,108,881)  
Non-PEO NEO | Increase for fair value at fiscal year-end of equity awards granted during the fiscal year that remain outstanding      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 297,368 589,053  
Non-PEO NEO | Increase/deduction for change in fair value during the fiscal year of equity awards granted in a prior fiscal year that remain outstanding      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (239,242) (3,500) 1,145,052
Non-PEO NEO | Increase/deduction for change in fair value during the fiscal year, as of the vesting date, of equity awards granted in a prior fiscal year that vested in the fiscal year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (28,615) $ 1,654,365 $ 57,266
Non-PEO NEO | Deduction for fair value at prior fiscal year-end of equity awards granted in a prior fiscal year that failed to meet vesting conditions and were forfeited during the fiscal year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (209,020)