Inventure Foods,Inc. (NASDAQ:SNAK) 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.
On May30, 2017, Mr.Harold S. Edwards informed Inventure
Foods,Inc. (the Company) of his decision to resign from the Board
of Directors of the Company (the Board), effective as of such
date. Mr.Edwards resigned from the Board to address overboarding
concerns expressed by the board of directors of Limoneria
(NASDAQ: LMNR), as well as proxy advisory firms such as
Institutional Shareholder Services Inc. (ISS) and Glass Lewis
Co., who each have policies of recommending a vote against
directors who sit on more than two public company boards besides
their own. Mr.Edwards is the President and CEO and a director of
Limoneria and, prior to this resignation, sat on the board of
three other public companies, including the Company. His
resignation did not result from any disagreement with the
Company. Mr.Edwards joined the Board in May2014 and serves as a
member of the Audit Committee of the Board. Effective
concurrently with Mr.Edwards resignation and to the Companys
Second Amended and Restated Bylaws, the Board approved a decrease
in the size of the Board from seven directors to six directors.
Mr.Macon Bryce Edmonson has been appointed by the Board as a
member of the Audit Committee of the Board to fill the vacancy
created by Mr.Edwards departure. Mr.Edmonson has served as a
member of the Board since July2006.
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.
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Inventure Foods,Inc. |
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(Registrant) |
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Date: |
June 1, 2017 |
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/s/ Steve Weinberger |
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About Inventure Foods, Inc. (NASDAQ:SNAK)
Inventure Foods, Inc. is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers. The snack products segment produces potato chips, kettle chips, potato crisps, potato skins, pellet snacks, sheeted dough products and extruded products for sale primarily to snack food distributors and retailers. The products sold under its snack products segment includes products considered part of the indulgent specialty snack food category, as well as products considered part of the healthy/natural food category. Its Frozen Products segment’s brands include Rader Farms and Jamba. Its Snack Products segment’s brands include Boulder Canyon, Nathan’s Famous, T.G.I. Friday’s, Poore Brothers, Bob’s Texas Style and Vidalia. Inventure Foods, Inc. (NASDAQ:SNAK) Recent Trading Information
Inventure Foods, Inc. (NASDAQ:SNAK) closed its last trading session up +0.27 at 4.52 with 55,145 shares trading hands.