Bridgford Foods Corporation (NASDAQ:BRID) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Paul R. Zippwald as Director
On October 15, 2019, Paul R. Zippwald resigned as a member of the Board of Directors of Bridgford Foods Corporation (the “Company”) as well as a member of the Company’s Audit and Compensation Committees, effective immediately. The resignation was not the result of a disagreement with management regarding operations, policies or practices of the Company.
Appointment of Mary Schott as Director
On October 15, 2019, the Board appointed Mary Schott as a director of the Company to fill the vacancy created by the resignation of Mr. Zippwald. Ms. Schott was also appointed as a member of the Audit and Compensation Committees. Ms. Schott has been determined by the Board to be independent within the meaning of the independent director standards of the Securities and Exchange Commission (“SEC”) and the Nasdaq Market and to otherwise qualify to serve upon the Committees for which she was appointed.
Ms. Schott, age 58, presently serves as Chief Financial Officer and Corporate Secretary of California Commerce Club, Inc., a privately held gaming and hospitality company, for which she has served since March 31, 2014. Ms. Schott holds an EMBA from Claremont Graduate University and a bachelor’s degree in Accounting from Cal Poly Pomona University. She is also a Certified Public Accountant and a member of the California Society of Certified Public Accountants and the American Institute of Certified Public Accountants.
There are no family relationships between Ms. Schott and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. Additionally, there are no relationships involving Ms. Schott that are required to be reported to Item 404(a) of Regulation S-K.
A press release announcing Mr. Zippwald’s resignation and Ms. Schott’s appointment 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 | Press Release dated October 16, 2019. |
BRIDGFORD FOODS CORP Exhibit
EX-99.1 2 ex99-1.htm Exhibit 99.1 For release Western Circuit and Analyst Wire. October 16,…
To view the full exhibit click here
About Bridgford Foods Corporation (NASDAQ:BRID)
Bridgford Foods Corporation is engaged in the manufacturing, marketing and distribution of a range of frozen and snack food products throughout the United States. The Company operates in two business segments, which include the processing and distribution of frozen products, and the processing and distribution of snack food products. The Company’s frozen food products segment serves both food service and retail customers. The Company, through its frozen food products segment, sells approximately 160 frozen food products through wholesalers, cooperatives and distributors to approximately 21,000 retail outlets and over 23,000 restaurants and institutions. The Company through snack food products segment sells approximately 90 different items through customer owned distribution centers and a direct store delivery network serving approximately 15,000 supermarkets, mass merchandise and convenience retail stores located in over 45 states.