CORRECTED-Premier Foods says CEO Darby will get at least 1 mln stg exit deal [Reuters]
McCormick & Company, Incorporated (MKC)
Last mccormick & company, incorporated earnings: 3/31 06:30 am
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Source: Reuters
CORRECTED-Premier Foods says CEO Darby will get at least 1 mln stg exit deal | Reuters 2 Min Read (Corrects fourth paragraph to say Darby’s departure was not related to shareholder revolt) Feb 8 (Reuters) - Oxo-cube maker Premier Foods said its former chief executive will get at least 1 million pounds ($1.3 million) in an exit deal after he stepped down following a shareholder revolt. Gavin Darby, who led the Mr Kipling cake company from 2013 to the end of January this year, drew investor flak for failing to revive the business after rebuffing a takeover approach from U.S. food maker McCormick & Co Inc. The company’s shares have lost nearly a third of their value since McCormick abandoned its approach in April 2016. Almost 41 percent of Premier shareholders in July backed an attempt led by activist hedge fund Oasis Management to oust Darby. In November, Darby agreed to step down, but said it didn’t have anything to do with the shareholder revolt. Darby will be paid 863,557 pounds for
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MKC
Earnings
- 3/26/24 - Beat
MKC
Sec Filings
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- 4/3/24 - Form 4
- MKC's page on the SEC website