secwatch.observer — SEC 8-K summary
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Issuer:     J&J SNACK FOODS CORP (JJSF)
CIK:        0000785956
Form:       8-K/A
Filed at:   2022-01-26T23:59:59+00:00
Accession:  0001437749-22-001697
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

J&J Snack Foods adjusts CEO compensation, grants equity awards to CEO and CFO
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- CEO Dan Fachner base salary raised to $900k from $875k; target bonus stays at 100% of base.
- CEO's long-term incentive target increased to 167% of base; 9,677 total units granted (4,839 service, 4,839 performance).
- CFO Ken Plunk granted 2,580 total units (1,290 service, 1,290 performance) vesting over three years.
- Performance share units tied to cumulative EBITDA over first two years; third year based on continued employment.
- Service share units vest in equal thirds on Nov 10, 2022, 2023, and 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/785956/000143774922001697/0001437749-22-001697-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/785956/000143774922001697/jjsf20220125_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-001697

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