Joe Park was appointed as member of the Board at HERSHEY CO.
“On June 3, 2026, the Board of Directors (the “Board”) of The Hershey Company (the “Company”), upon the recommendation of its Governance Committee, appointed Joe Park to serve as a member of the Board, effective June 29, 2026.”
Jason Reiman changed role as Senior Vice President, Supply Chain Modernization at HERSHEY CO.
“Mr. Reiman will step down from his current role on June 22, 2026, and will remain with the Company as Senior Vice President, Supply Chain Modernization to assist with the transition of his responsibilities until his retirement.”
Shareholder Votes
HERSHEY CO shareholders approved Non-Binding Advisory Vote on Named Executive Officer Compensation at the 2026-05-05 meeting.
“Proposal No. 3 — Non-Binding Advisory Vote on Named Executive Officer Compensation Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, approved the compensation of the Company’s named executive officers on a non-binding advisory basis by the votes set forth as follows:”
Shareholder Votes
HERSHEY CO shareholders approved Ratification of Appointment of Independent Auditors at the 2026-05-05 meeting.
“Proposal No. 2 — Ratification of Appointment of Independent Auditors Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, ratified the appointment of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2026, by the votes set forth as follows:”
Shareholder Votes
HERSHEY CO shareholders approved Election of Directors at the 2026-05-05 meeting.
“Proposal No. 1 — Election of Directors Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, elected the following directors by the votes set forth as follows:”
Earnings Releases
HERSHEY CO reported first quarter ended March 29, 2026 results: revenue $3,104.2 million, net income $435.1 million, EPS $2.13 per share-diluted. Guidance reaffirmed.
“business to new heights,” said Kirk Tanner, The Hershey Company President and Chief Executive Officer. First-Quarter 2026 Financial Results Summary 1 • Consolidated net sales of $3,104.2 million, an increase of 10.6%. • Organic, constant currency net sales increased 7.9%. • Reported net income of $435.1 million , or $2.13 per share-diluted, an increase of 93.6%. •”
Earnings Releases
HERSHEY CO updated its fiscal year 2026 guidance (reaffirmed).
“The Hershey Company is reaffirming its net sales, organic sales and earnings per share guidance for fiscal year 2026.”
Governance Changes
HERSHEY CO: Amended Bylaws to remove language allowing Michele Buck to hold Chairman of the Board position, remove references to Lead Independent Director, and add provisions regarding Governance Committee Chair presiding in absence of Chairman and Vice Chairman, and Vice Chairman authority to call Board meetin (effective 2025-12-05).
“On December 5, 2025, the Board of Directors (the “Board”) of The Hershey Company (the “Company”) amended the Company’s By-laws, as amended and restated as of March 4, 2025 (the “Bylaws”), to reflect the amendments discussed herein (the “Amendments”).”
Debt Financings
HERSHEY CO incurred revolving credit of up to $1.875 billion with Bank of America, N.A., as administrative agent, JPMorgan Chase Bank, N.A. and Citibank, N.A., as co-syndication agents, Royal Bank of Canada and U.S. Bank National Association, as co-documentation agents.
“On October 21, 2025, The Hershey Company (the “Company”) entered into a new Five Year Credit Agreement (the “Credit Agreement”), dated as of October 21, 2025, with the banks, financial institutions and other institutional lenders listed on the signature pages thereof and the other lenders from time to time party thereto (the “Lenders”), Bank of America, N.A., as administrative agent, JPMorgan Chase Bank, N.A. and Citibank, N.A., as co-syndication agents, Royal Bank of Canada and U.S. Bank National Association, as co-documentation agents, and BofA Securities, Inc., JPMorgan Chase Bank, N.A., Citibank, N.A., RBC Capital Markets and U.S. Bank National Association, as joint lead arrangers and joint book managers. The Credit Agreement establishes an unsecured revolving credit facility under which the Company may borrow up to $1.875 billion with the option to increase the aggregate amount of the commitments by up to $1.0 billion with the consent of the Lenders.”
Governance Changes
HERSHEY CO: The Company amended its By-laws to require the Chairman of the Board to be an independent director, with a transition exception for the current CEO, and to implement a majority voting standard for uncontested director elections and a director resignation policy for any incumbent nominee who receives (effective 2025-03-04).
“On March 4, 2025, the Board of Directors (the “Board”) of The Hershey Company (the “Company”) amended the Company’s By-laws, as amended and restated as of February 21, 2017 (the “Bylaws”), to reflect the amendments discussed herein (the “Amendments”).”
Victor L. Crawford departed as Lead Independent Director at HERSHEY CO.
“On March 7, 2025, Victor L. Crawford, Lead Independent Director of The Hershey Company (the “Company”), notified the Company of his intention not to stand for re-election as a director at the Company’s 2025 Annual Meeting of Stockholders, currently expected to be held on May 6, 2025.”
Debt Financings
HERSHEY CO incurred senior notes of $500,000,000 4.550% Notes due February 24, 2028; $500,000,000 4.750% Notes due February 24, 2030; $500,000,000 4.950% No with U.S. Bank Trust Company, National Association at 4.550% (2028 Notes), 4.750% (2030 Notes), 4.950% (2032 Notes), 5.100% (2035 Note maturing February 24, 2028 (2028 Notes), February 24, 2030 (2030 Notes), February 24, 2032 (2032 Notes), February 24, 2035 (2035 Notes).
“On February 24, 2025, The Hershey Company (the "Registrant") closed its previously announced public offering of $500,000,000 aggregate principal amount of 4.550% Notes due February 24, 2028 (the "2028 Notes"), $500,000,000 aggregate principal amount of 4.750% Notes due February 24, 2030 (the "2030 Notes"), $500,000,000 aggregate principal amount of 4.950% Notes due February 24, 2032 (the ("2032 Notes") and $500,000,000 aggregate principal amount of 5.100% Notes due February 24, 2035”
Michele G. Buck departed as President and Chief Executive Officer at HERSHEY CO.
“Michele G. Buck, the Company’s Chairman of the Board of Directors, President and Chief Executive Officer, intends to retire from the Company effective June 30, 2026.”
Kristen J. Riggs departed as President, Salty Snacks at HERSHEY CO.
“On January 10, 2025, Kristen J. Riggs, President, Salty Snacks of The Hershey Company (the “Company”), informed the Company of her intention to depart the Company to pursue other opportunities.”
Charles R. Raup departed as President, U.S. Confection at HERSHEY CO.
“Charles R. Raup, President, U.S. Confection of The Hershey Company (the “Company”), informed the Company of his intention to retire effective December 31, 2024.”
Shareholder Votes
HERSHEY CO shareholders rejected Stockholder Proposal Public Report on Packaging Reuse & Recycling at the 2024-05-06 meeting.
“Proposal No. 5 — Stockholder Proposal Public Report on Packaging Reuse & Recycling Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, voted against the stockholder proposal by the votes set forth as follows: Votes For Votes Against Abstentions Broker Non-Votes 36,015,912 614,628,103 1,215,177 19,052,467”
Shareholder Votes
HERSHEY CO shareholders rejected Stockholder Proposal Public Report on Living Wage & Income at the 2024-05-06 meeting.
“Proposal No. 4 — Stockholder Proposal Public Report on Living Wage & Income Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, voted against the stockholder proposal by the votes set forth as follows: Votes For Votes Against Abstentions Broker Non-Votes 18,587,401 631,763,440 1,508,351 19,052,467”
Shareholder Votes
HERSHEY CO shareholders approved Non-Binding Advisory Vote on Named Executive Officer Compensation at the 2024-05-06 meeting.
“Proposal No. 3 — Non-Binding Advisory Vote on Named Executive Officer Compensation Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, approved the compensation of the Company’s named executive officers on a non-binding advisory basis by the votes set forth as follows: Votes For Votes Against Abstentions Broker Non-Votes 638,757,642 12,528,566 572,984 19,052,467”
Shareholder Votes
HERSHEY CO shareholders approved Ratification of Appointment of Independent Auditors at the 2024-05-06 meeting.
“Proposal No. 2 — Ratification of Appointment of Independent Auditors Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, ratified the appointment of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2024, by the votes set forth as follows: Votes For Votes Against Abstentions 669,540,141 1,119,884 251,634”
Shareholder Votes
HERSHEY CO shareholders approved Election of Directors at the 2024-05-06 meeting.
“Proposal No. 1 — Election of Directors Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, elected the following directors by the votes set forth as follows:”
Earnings Releases
HERSHEY CO reported the first quarter ended March 31, 2024 results: revenue $3,252.7 million, net income $797.5 million, EPS $3.89 per share-diluted. Guidance reaffirmed.
“we remain committed to strategies that drive long-term growth and sustainable value creation.” First-Quarter 2024 Financial Results Summary 1 • Consolidated net sales of $3,252.7 million, an increase of 8.9%. • Organic, constant currency net sales increased 8.6%. • Reported net income of $797.5 million, or $3.89 per share-diluted, an increase of 36.5%. • Adjusted”
Earnings Releases
HERSHEY CO reported financial results for the full year ended December 31, 2023.
“On February 8, 2024, The Hershey Company (the “Company”) announced sales and earnings information for the fourth quarter and full year ended December 31, 2023. A copy of the Company's press release is furnished hereto as Exhibit 99.1 and is incorporated herein by reference.”
Earnings Releases
HERSHEY CO reported financial results for the fourth quarter ended December 31, 2023.
“On February 8, 2024, The Hershey Company (the “Company”) announced sales and earnings information for the fourth quarter and full year ended December 31, 2023. A copy of the Company's press release is furnished hereto as Exhibit 99.1 and is incorporated herein by reference.”
Restructurings & Charges
HERSHEY CO announced a restructuring with charges of $200 million to $250 million affecting supply chain and manufacturing-related spend, selling, general and administrative expenses ($45 million to $60 million as we facilitate workforce reductions).
“On February 2, 2024, the Board of Directors of the Company approved a multi-year productivity initiative (“Advancing Agility & Automation” or “AAA”) to improve supply chain and manufacturing-related spend, optimize selling, general and administrative expenses, leverage new technology and business models to further simplify and automate processes, and generate long-term savings. The Company estimates that the AAA Initiative will result in total pre-tax costs of $200 million to $250 million from inception through 2026.”
Earnings Releases
HERSHEY CO updated its the third quarter ended October 1, 2023 guidance (reaffirmed).
“On October 26, 2023, The Hershey Company (the “Company”) announced sales and earnings information for the third quarter ended October 1, 2023.”
Earnings Releases
HERSHEY CO reported second quarter ended July 2, 2023 results: revenue $2,490.3 million, net income $407.0 million, EPS $1.98 per share-diluted. Guidance raised.
“Consolidated net sales of $2,490.3 million, an increase of 5.0%. • Organic, constant currency net sales increased 5.0%. • Reported net income of $407.0 million, or $1.98 per share-diluted, an increase of 29.4%.”
Shareholder Votes
HERSHEY CO shareholders rejected Stockholder Proposal at the 2023-05-16 meeting.
“Proposal No. 5 — Stockholder Proposal Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, voted against the stockholder proposal by the votes set forth as follows: Votes For Votes Against Abstentions Broker Non-Votes 24,575,823 652,467,970 1,703,867 16,794,912”
Shareholder Votes
HERSHEY CO shareholders approved Advisory Vote on Frequency of Future Advisory Votes on Named Executive Officer Compensation at the 2023-05-16 meeting.
“Proposal No. 4 — Advisory Vote on Frequency of Future Advisory Votes on Named Executive Officer Compensation Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, approved to hold future advisory votes on named executive officer compensation every one year by the votes set forth as follows: 1 Year 2 Years 3 Years Abstentions 676,524,601 274,525 1,526,468 422,066”
Shareholder Votes
HERSHEY CO shareholders approved Non-Binding Advisory Vote on Named Executive Officer Compensation at the 2023-05-16 meeting.
“Proposal No. 3 — Non-Binding Advisory Vote on Named Executive Officer Compensation Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, approved the compensation of the Company’s named executive officers on a non-binding advisory basis by the votes set forth as follows: Votes For Votes Against Abstentions Broker Non-Votes 670,354,069 7,815,379 578,212 16,794,912”
Shareholder Votes
HERSHEY CO shareholders approved Ratification of Appointment of Independent Auditors at the 2023-05-16 meeting.
“Proposal No. 2 — Ratification of Appointment of Independent Auditors Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, ratified the appointment of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2023, by the votes set forth as follows: Votes For Votes Against Abstentions 694,661,914 606,385 276,903”
Shareholder Votes
HERSHEY CO shareholders approved Election of Directors at the 2023-05-16 meeting.
“Proposal No. 1 — Election of Directors Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, elected the following directors by the votes set forth as follows: Name Votes For Votes Withheld Broker Non-Votes Pamela M. Arway 671,168,508 7,579,152 16,794,912 Michele G. Buck 667,986,709 10,760,951 16,794,912 Mary Kay Haben 676,482,071 2,265,589 16,794,912 James C. Katzman 642,466,370 36,281,290 16,794,912 M. Diane Koken 676,368,776 2,378,884 16,794,912 Huong Maria T. Kraus 677,954,369 793,291 16,794,912 Robert M. Malcolm 643,621,680 35,125,980 16,794,912 Anthony J. Palmer 642,944,245 35,803,415 16,794,912 Juan R. Perez 635,248,556 43,499,104 16,794,912 Holders of the Company’s Common Stock, voting separately as a class, elected the following directors by the votes set forth as follows: Name Votes For Votes Withheld Broker Non-Votes Victor L. Crawford 105,359,027 2,265,883 16,794,912 Robert M. Dutkowsky 60,939,519 46,685,391 16,794,912”
Debt Financings
HERSHEY CO incurred senior notes of $400,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 4.500% maturing May 4, 2033.
“The Notes were issued under an indenture with U.S. Bank Trust Company, National Association, as trustee, dated as of May 14, 2009.”
Debt Financings
HERSHEY CO incurred senior notes of $350,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 4.250% maturing May 4, 2028.
“On May 4, 2023, The Hershey Company (the “Registrant”) closed its previously announced public offering of $350,000,000 aggregate principal amount of 4.250% Notes due May 4, 2028”
Material Agreements
HERSHEY CO entered into Indenture with U.S. Bank Trust Company, National Association valued at $350,000,000 aggregate principal amount of 4.250% Notes due May 4, 2028 and $400,000,000 aggregate p (effective 2023-05-04).
“On May 4, 2023, The Hershey Company (the “Registrant”) closed its previously announced public offering of $350,000,000 aggregate principal amount of 4.250% Notes due May 4, 2028 (the “2028 Notes”) and $400,000,000 aggregate principal amount of 4.500% Notes due May 4, 2033 (together with the 2028 Notes, the “Notes”). The Notes were issued under an indenture with U.S. Bank Trust Company, National Association, as trustee, dated as of May 14, 2009.”
Material Agreements
HERSHEY CO entered into Pricing Agreement with BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets, LLC, as representatives of the several underwriters valued at $350,000,000 aggregate principal amount of 4.250% Notes due 2028 and $400,000,000 aggregate principa (effective 2023-05-01).
“On May 1, 2023, The Hershey Company (the “Registrant”) entered into a Pricing Agreement (the “Pricing Agreement”) with BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets, LLC, as representatives of the several underwriters listed in Schedule I to the Pricing Agreement (the “Underwriters”), pursuant to which the Registrant has agreed to sell to the Underwriters, and the Underwriters have agreed to purchase from the Registrant, $350,000,000 aggregate principal amount of 4.250% Notes due 2028 (the “2028 Notes”) and $400,000,000 aggregate principal amount of 4.500% Notes due 2033 (together with the 2028 Notes, the “Notes”).”
Earnings Releases
HERSHEY CO reported the first quarter ended April 2, 2023 results: revenue $2,987.6 million, net income $587.2 million, EPS $2.85 per share-diluted. Guidance raised.
“commercial, supply chain, and operational strategies to sustain our momentum into 2024 and beyond.” First-Quarter 2023 Financial Results Summary 1 • Consolidated net sales of $2,987.6 million, an increase of 12.1%. • Organic, constant currency net sales increased 12.2%. • Foreign currency exchange was a 0.1-point headwind. • Reported net income of $587.2 million, or”
Debt Financings
HERSHEY CO incurred revolving credit of $1.35 billion with Bank of America, N.A., JPMorgan Chase Bank, N.A., Citibank, N.A., and others at Not specified maturing Five-year maturity, due April 26, 2028, with option to extend for up to two additional one-year periods.
“On April 26, 2023, The Hershey Company (the “Company”) entered into a new Five Year Credit Agreement (the “Credit Agreement”), dated as of April 26, 2023, with the banks, financial institutions and other institutional lenders listed on the signature pages thereof and the other lenders from time to time party thereto (the “Lenders”), Bank of America, N.A., as administrative agent, JPMorgan Chase Bank, N.A. and Citibank, N.A., as syndication agents, Royal Bank of Canada, as documentation agent, and BofA Securities, Inc., JPMorgan Chase Bank, N.A., Citibank, N.A., RBC Capital Markets and U.S. Bank National Association, as joint lead arrangers and joint book managers. The Credit Agreement establishes an unsecured revolving credit facility under which the Company may borrow up to $1.35 billion with the option to increase borrowings by an additional $500 million with the concurrence of the Lenders.”
Material Agreements
HERSHEY CO entered into Stock Purchase Agreement with Hershey Trust Company, as trustee for the Milton Hershey School Trust valued at $239,910,000 (effective 2023-02-13).
“Effective February 13, 2023, The Hershey Company (the “Company”) entered into a Stock Purchase Agreement with Hershey Trust Company, as trustee for the Milton Hershey School Trust (the “Trust”), pursuant to which the Company agreed to purchase 1,000,000 shares of the Company’s Common Stock from the Trust at a price equal to $239.91 per share, for a total purchase price of $239,910,000.”
Wendy L. Schoppert departed as Chair of the Audit Committee at HERSHEY CO.
“On February 2, 2023, Wendy L. Schoppert, Chair of the Audit Committee of The Hershey Company (the “Company”), notified the Company of her intention not to stand for re-election as a director at the Company’s 2023 Annual Meeting of Stockholders, currently expected to be held on May 16, 2023.”
Earnings Releases
HERSHEY CO updated its the full year ending December 31, 2023 guidance (initiated).
HERSHEY CO reported the full-year ended December 31, 2022 results: revenue $10,419.3 million, net income $1,644.8 million, EPS $7.96 per share-diluted.
“the impact from the 2021 acquisitions of Pretzels Inc. (Pretzels) and Dot’s Pretzels, LLC (Dot’s). 1 2022 Full-Year Financial Results Summary 3 • Consolidated net sales of $10,419.3 million, an increase of 16.1%. • Organic, constant currency net sales increased 12.0%. • The net impact of acquisitions on net sales was a 4.3-point benefit 4 while foreign currency”
Earnings Releases
HERSHEY CO reported the fourth quarter ended December 31, 2022 results: revenue $2,652.3 million, net income $396.3 million, EPS $1.92 per share-diluted.
“in 2023 as we invest in our amazing portfolio of brands, additional capacity and capabilities.” Fourth-Quarter 2022 Financial Results Summary 1 • Consolidated net sales of $2,652.3 million, an increase of 14.0%. • Organic, constant currency net sales increased 10.7%. • The impact of acquisitions on net sales was a 3.6-point benefit 2 while foreign currency exchange”
Earnings Releases
HERSHEY CO reported third quarter ended October 2, 2022 results: revenue $2,728.2 million, net income $399.5 million, EPS $1.94 earnings per share-diluted. Guidance raised.
“visibility into the fourth quarter, we are raising our net sales and earnings outlook for the year.” Third-Quarter 2022 Financial Results Summary 1 • Consolidated net sales of $2,728.2 million, an increase of 15.6%. • Organic, constant currency net sales increased 11.8%. • The impact of acquisitions on net sales was a 4.1-point benefit 2 while foreign currency exchange”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.