SANDERSON FARMS, INC. (NASDAQ:SAFM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On January18, 2018, the Compensation Committee (the “Committee”) of the Board of Directors of Sanderson Farms, Inc. (the “Registrant”) ratified the payment of certain miscellaneous items of compensation during fiscal 2017 to the Registrant’s Named Executive Officers, as follows:
| Type | JoeF.Sanderson,Jr., Chairman& CEO | LampkinButts, President&COO | D.MichaelCockrell, Treasurer& CFO | TimRigney, Secretary | ||||||||
|
Personal Use of Company and Charter Aircraft |
$ | 90,432 | $ | 8,095 | $ | 21,311 | $ | — | ||||
|
Other Travel Related Expenses |
11,501 | — | ||||||||||
|
401(k) Plan Matching Contribution |
10,600 | 10,600 | 10,600 | 10,600 | ||||||||
|
ESOP Contribution |
15,819 | 15,819 | 15,819 | 15,819 | ||||||||
|
Term Life Insurance Premium |
||||||||||||
|
Matching Charitable Contributions |
5,000 | 5,000 | 2,500 | — | ||||||||
|
Dividends Paid on Restricted Stock |
226,950 | 59,160 | 47,430 | 7,596 | ||||||||
|
Accidental Death |
||||||||||||
|
Health Plan Benefit |
7,683 | 7,683 | 7,683 | 7,683 | ||||||||
|
Hart-Scott-Rodino filing fees and legal fees |
53,018 | — | — | — | ||||||||
|
Total |
$ | 410,034 | $ | 118,063 | $ | 105,696 | $ | 41,981 |
About SANDERSON FARMS, INC. (NASDAQ:SAFM)
Sanderson Farms, Inc. is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets. The Company, through its subsidiaries, Sanderson Farms, Inc. (Production Division) and Sanderson Farms, Inc. (Processing Division), conducts its chicken operations. Sanderson Farms, Inc. (Production Division) is engaged in the production of chickens to the broiler-stage. Sanderson Farms, Inc. (Foods Division) is engaged in the processing, sale and distribution of chickens. The Company, through Sanderson Farms, Inc. (Foods Division), conducts its prepared chicken business.
