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 Officers

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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 Officers

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 Officers
Item 5.02

On July 18, 2019, Sonia Pérez was elected to the Board of Directors (the “Board”) of Sanderson Farms, Inc. (the “Company”), effective immediately. She will serve as a Class C director until the Company’s annual meeting of shareholders in 2020 and will, if re-elected at that meeting, serve for a term expiring in 2022. There are no understandings or arrangements between Ms. Pérez and any other person to which Ms. Pérez was elected as a director. There are no relationships between Ms. Pérez and the Company that would require disclosure to Item 404(a) of Regulation S-K.

The Board expects to appoint Ms. Pérez to one or more committees of the Board at a later date. The Company will file an amendment to this Current Report on Form 8-K to report any such appointment within four business days after the information is determined or becomes available.

As a non-employee director, Ms. Pérez will participate in the non-employee director compensation arrangements described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on January 11, 2019.

Section 7 — Regulation FD

On July 19, 2019, the Company issued a press release regarding the matter referenced above and the declaration of a regular quarterly dividend. A copy of the press release is furnished herewith as Exhibit 99.1.

In accordance with General Instruction B.2, the information contained in this Item 7.01 and the attached Exhibit 99.1 is being “furnished” to the SEC and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under such section. Furthermore, such information shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, unless specifically identified as being incorporated therein by reference.

Section 9 — Financial Statements and Exhibits

(d) The following exhibits are furnished with this Current Report:

99.1    Press release of Sanderson Farms, Inc. dated July 19, 2019.


SANDERSON FARMS INC Exhibit
EX-99.1 2 d781743dex991.htm EX-99.1 EX-99.1 Exhibit 99.1     Contact:   Mike Cockrell   Treasurer & Chief Financial Officer (601) 649-4030 SANDERSON FARMS,…
To view the full exhibit click here

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.