secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2022-06-23T23:59:59+00:00
Accession:  0000091419-22-000077
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

J.M. Smucker Co. announces board changes: Mark Smucker becomes Chair; Richard and Tim Smucker to retire
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- Mark T. Smucker, currently President and CEO, will become Chair of the Board effective Aug 17, 2022, succeeding Richard K. Smucker.
- Richard K. Smucker to retire as Executive Chairman on Aug 17, 2022, remain employee until Oct 9, 2022, then continue as Board director if re-elected.
- Timothy P. Smucker to retire from Board on Aug 17, 2022; will become Chairman Emeritus for one-year term with $100,000 annual retainer.
- Board size reduced from 12 to 11 directors after the annual meeting on Aug 17, 2022, due to Tim Smucker's departure.
- Mark Smucker's base salary and incentive plan targets adjusted for increased responsibilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000009141922000077/0000091419-22-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000009141922000077/sjm-20220623.htm
  HTML page:      https://secwatch.observer/filing/0000091419-22-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer