secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0000091419-26-000020
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Smucker enters separation agreement with former President and COO John Brase
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- Lump sum payment of $1,185,000 (18 months base salary) payable on April 17, 2026.
- Pro rata FY2026 incentive payment of $611,885 payable on April 17, 2026.
- Certain unvested restricted stock and option awards will vest; remaining awards forfeited.
- Performance units with at least one performance year completed become eligible for prorated vesting.
- Relocation expense payment of $150,000 and $36,000 for medical insurance cost assistance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000009141926000020/0000091419-26-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000009141926000020/sjm-20260226.htm
  HTML page:      https://secwatch.observer/filing/0000091419-26-000020

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