UNIVERSAL CORPORATION (OTCMKTS:UVVZP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Universal Corporation (the “Company”) announced today that on February5, 2018, David C. Moore informed the Company’s Board of Directors (the “Board”) of his decision to retire as the Company’s Senior Vice President and Chief Financial Officer after 40years of loyal and dedicated service to the Company, effective on August31, 2018. The Company also announced that on February5, 2018, the Board named Johan C. Kroner, age 50, as Senior Vice President of the Company effective immediately and as Chief Financial Officer of the Company effective September1, 2018. Mr.Kroner previously served as Senior Vice President of Universal Leaf Tobacco Company, Incorporated (“ULT”), a subsidiary of the Company, a position he had held since October 2014. Prior to that time, Mr.Kroner had served as Vice President of ULT since 2011.
Mr.Kroner’s compensation as the Company’s Chief Financial Officer will be determined and approved by the Company’s Executive Compensation, Nominating and Corporate Governance Committee at a later date.
The Company issued a press release on February8, 2018, announcing these changes. The press release is attached as Exhibit99.1 and is incorporated by reference into this Item 5.02.
| Item 5.02. | Financial Statements and Exhibits. |
UNIVERSAL CORP /VA/ ExhibitEX-99.1 2 d439865dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 P.O. Box 25099 Richmond,…To view the full exhibit click here
About UNIVERSAL CORPORATION (OTCMKTS:UVVZP)
Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services. North America, South America, Africa, Europe and Asia are involved in flue-cured and/or burley leaf tobacco operations for supply to cigarette manufacturers. The Dark Air-Cured group supplies dark air-cured tobacco to manufacturers of cigars, pipe tobacco and smokeless tobacco products. The Oriental business supplies oriental tobacco to cigarette manufacturers. Special Services segment includes the Company’s laboratory services business, which provides physical and chemical product testing and smoke testing for customers, as well as its liquid nicotine joint venture and its food and vegetable ingredients business.
