Vital Farms, Inc. shareholders approved Advisory vote on the compensation of named executive officers as disclosed in the Proxy Statement at the 2026-06-10 meeting.
“Proposal No. 3 : Stockholders approved, on a non-binding, advisory basis, the compensation of the Company’s named executive officers as disclosed in the Proxy Statement. The votes were cast as follows: Votes For Votes Against Abstained Broker Non-Votes 25,303,758 2,246,660 298,218 7,551,586”
Shareholder Votes
Vital Farms, Inc. shareholders approved Ratification of KPMG LLP as independent registered public accounting firm for fiscal year ending December 27, 2026 at the 2026-06-10 meeting.
“Proposal No. 2 : Stockholders ratified the selection of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 27, 2026. The votes were cast as follows: Votes For Votes Against Abstained 35,004,645 374,653 20,924”
Shareholder Votes
Vital Farms, Inc. shareholders approved Election of two directors to serve until 2029 annual meeting at the 2026-06-10 meeting.
“Proposal No. 1 : Stockholders elected each of the two nominees to serve as directors until the 2029 annual meeting of stockholders and until their respective successors are duly elected and qualified. The votes were cast as follows: Name Votes For Votes Withheld Broker Non-Votes Russell Diez-Canseco 22,296,432 5,552,204 7,551,586 Kelly Kennedy 22,047,980 5,800,656 7,551,586”
Earnings Releases
Vital Farms, Inc. reported the first quarter ended March 29, 2026 results: revenue $187.2 million, net income Net Loss of $1.5 million, EPS Net Loss per Diluted Share of $0.03. Guidance lowered.
“Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced foods nationwide, today reported financial results for its first quarter ended March 29, 2026. Financial highlights for the first quarter ended March 29, 2026, compared to the first quarter ended March 30, 2025, include: • Net Revenue increased 15.4% to $187.2 million, compared to $162.2 million • Gross Margin of 28.3%, compared to 38.5% • Net Loss of $1.5 million, compared to Net Income of $16.9 million • Net Loss per Diluted Share of $0.03, compared to Net Income per Diluted Share of $0.37 • Adjusted EBITDA of $5.0 million, compared to $27.5 million”
Restructurings & Charges
Vital Farms, Inc. announced a restructuring affecting butter product offerings.
“On May 1, 2026, management of the Company elected to wind down and discontinue its butter product offerings to focus on its core egg product categories, with such discontinuation expected to be substantially completed by the end of fiscal 2026.”
Kathryn McKeon was appointed as Chief Marketing Officer and General Manager, Butter at Vital Farms, Inc..
“On January 16, 2025, Vital Farms, Inc. (the “ Company ”) announced the appointment of Peter Pappas, the Company’s current Chief Sales Officer, as Chief Sales Officer and President, Eggs and Kathryn McKeon, the Company’s current Chief Marketing Officer, as Chief Marketing Officer and General Manager, Butter, in each case effective as of January 1, 2025.”
Peter Pappas was appointed as Chief Sales Officer and President, Eggs at Vital Farms, Inc..
“On January 16, 2025, Vital Farms, Inc. (the “ Company ”) announced the appointment of Peter Pappas, the Company’s current Chief Sales Officer, as Chief Sales Officer and President, Eggs and Kathryn McKeon, the Company’s current Chief Marketing Officer, as Chief Marketing Officer and General Manager, Butter, in each case effective as of January 1, 2025.”
Jason Dale departed as Chief Operating Officer at Vital Farms, Inc..
“As previously announced, Jason Dale, the Company’s current Chief Operating Officer and principal operating officer, will step down on August 31, 2024.”
Joe Holland was appointed as Chief Supply Chain Officer at Vital Farms, Inc..
“On August 14, 2024, the Board of Directors (the “ Board ”) of Vital Farms, Inc. (the “ Company ”) appointed Joe Holland as Chief Supply Chain Officer and principal operating officer of the Company, effective on or about September 1, 2024 (the “ Start Date ”).”
Earnings Releases
Vital Farms, Inc. reported first quarter ended March 31, 2024 results: revenue $147.9 million, net income $19.0 million, EPS $0.43. Guidance raised.
“Vital Farms Reports First Quarter 2024 Financial Results Record First Quarter Net Revenue of $147.9 million, up 24.1% versus Prior Year Period Raises Fiscal Year 2024 Outlook”
Debt Financings
Vital Farms, Inc. incurred revolving credit of $60.0 million with JPMorgan Chase Bank, N.A. at adjusted term Secured Overnight Financing Rate or adjusted daily Secured Overnig maturing five years.
“On April 9, 2024, Vital Farms, Inc. (the “Company”) entered into a credit agreement with the other loan parties party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, which provides for a five-year $60.0 million senior secured revolving credit facility (the “2024 Credit Facility”).”
Material Agreements
Vital Farms, Inc. terminated previous $20.0 million revolving credit and term loan facility entered into on October 4, 2017 with PNC Bank, National Association with PNC Bank, National Association valued at $20.0 million (effective 2024-04-09).
“The 2024 Credit Facility replaced the Company’s previous $20.0 million revolving credit and term loan facility entered into on October 4, 2017 with PNC Bank, National Association, which terminated concurrently with the establishment of the 2024 Credit Facility.”
Material Agreements
Vital Farms, Inc. entered into 2024 Credit Facility with JPMorgan Chase Bank, N.A., as administrative agent valued at $60.0 million senior secured revolving credit facility (effective 2024-04-09).
“On April 9, 2024, Vital Farms, Inc. (the “Company”) entered into a credit agreement with the other loan parties party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, which provides for a five-year $60.0 million senior secured revolving credit facility (the “2024 Credit Facility”).”
Jeffery Dawson resigned as Chief Accounting Officer at Vital Farms, Inc..
“On April 4, 2024, the Company accepted the resignation of Jeffery Dawson, the Company’s Chief Accounting Officer and principal accounting officer, and entered into a transition agreement, pursuant to which Mr. Dawson will transition his responsibilities and cease serving as the Company’s Chief Accounting Officer and principal accounting officer effective April 19, 2024.”
Jason Dale changed role as Chief Operating Officer at Vital Farms, Inc..
“On April 3, 2024, Vital Farms, Inc. (the “ Company ”) entered into a transition agreement (the “ COO Transition Agreement ”) with Jason Dale, the Company’s Chief Operating Officer and principal operating officer, pursuant to which Mr. Dale will transition into a non-employee advisory role with the Company.”
Earnings Releases
Vital Farms, Inc. updated its fiscal year 2024 guidance (initiated).
“Vital Farms Reports Fourth Quarter and Fiscal Year 2023 Financial Results Record Fourth Quarter Net Revenue of $135.8 million, up 23.4% versus Prior Year Period Provides Fiscal Year 2024 Outlook”
Earnings Releases
Vital Farms, Inc. reported fiscal year (53 weeks) ended December 31, 2023 results: revenue $471.9 million, net income $25.6 million, EPS $0.59.
“Financial highlights for the fiscal year ended December 31, 2023 (53 weeks) compared to the fiscal year ended December 25, 2022 (52 weeks): • Net Revenue increased 30.3% to $471.9 million, compared to $362.1 million. Excluding the extra week in fiscal year 2023, Net Revenue increased 28.0%. • Net Income of $25.6 million, compared to $1.2 million. • Net Income per Diluted Share of $0.59, compared to $0.03. • Adjusted EBITDA of $48.3 million, compared to $16.2 million.”
Earnings Releases
Vital Farms, Inc. reported fourth quarter (14 weeks) ended December 31, 2023 results: revenue $135.8 million, net income $7.2 million, EPS $0.17.
“Vital Farms Reports Fourth Quarter and Fiscal Year 2023 Financial Results Record Fourth Quarter Net Revenue of $135.8 million, up 23.4% versus Prior Year Period Provides Fiscal Year 2024 Outlook”
Governance Changes
Vital Farms, Inc.: Amended and restated bylaws to address universal proxy rules, advance notice requirements, and other updates (effective 2023-11-14).
“On November 14, 2023, the Board of Directors (the “Board”) of Vital Farms, Inc. (the “Company”) approved and adopted the amended and restated bylaws of the Company (the “Amended Bylaws”), which became effective immediately.”
Earnings Releases
Vital Farms, Inc. reported third quarter ended September 24, 2023 results: revenue $110.4 million, net income $4.5 million. Guidance raised.
“Vital Farms Reports Third Quarter 2023 Financial Results Third Quarter Net Revenue $110.4 million, up 20.0% versus Prior Year Period Raises 2023 Adjusted EBITDA Forecast”
Shareholder Votes
Vital Farms, Inc. shareholders approved Ratification of the appointment of KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-06-07 meeting.
“Proposal No. 2 : Ratification of the appointment of KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2023. The votes were cast as follows: Votes For Votes Against Abstained Ratification of appointment of KPMG LLP 37,279,805 29,268 45,939”
Shareholder Votes
Vital Farms, Inc. shareholders approved Election of three nominees to serve as directors until the 2026 annual meeting of stockholders at the 2023-06-07 meeting.
“Proposal No. 1 : Election of three nominees to serve as directors until the 2026 annual meeting of stockholders and until their respective successors are elected and qualified. All nominees were elected. The votes were cast as follows: Name Votes For Votes Withheld Broker Non-Votes Matthew O’Hayer 26,595,553 8,461,839 2,297,620 Russell Diez-Canseco 27,225,892 7,831,500 2,297,620 Kelly J. Kennedy 24,904,159 10,153,233 2,297,620”
Earnings Releases
Vital Farms, Inc. reported first quarter ended March 26, 2023 results: revenue $119.2 million, net income $7.2 million.
“Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced foods nationwide, today reported financial results for its first quarter ended March 26, 2023. Financial highlights for the first quarter include: • First Quarter 2023 Net Revenue increase of 54.7% to $119.2 million • First Quarter 2023 Net Income of $7.2 million”
Earnings Releases
Vital Farms, Inc. reported the fiscal quarter and fiscal year ended December 25, 2022 results: revenue $110.1 million, net income $1.2 million. Guidance raised.
“in such filing. --- EX-99 (EX-99.1) --- EX-99 Exhibit 99.1 Vital Farms Reports Fourth Quarter and Fiscal Year 2022 Financial Results Fourth Quarter Net Revenue a Record $110.1 million, up 42.2% versus Prior Year Expects Net Revenue of More than $450 million in Fiscal Year 2023 AUSTIN, TX – March 9, 2023 – Vital Farms (Nasdaq: VITL), a Certified B Corporation”
Bo Meissner departed as Chief Financial Officer at Vital Farms, Inc..
“Mr. Wrede will replace Bo Meissner, who will step down from his role as Chief Financial Officer and principal financial officer, effective as of the Transition Date.”
Thilo Wrede was appointed as Chief Financial Officer at Vital Farms, Inc..
“On February 4, 2023, the Board of Directors (the “ Board ”) of Vital Farms, Inc. (the “ Company ”) appointed Thilo Wrede as Chief Financial Officer and principal financial officer of the Company, effective on or about March 15, 2023 (the “ Transition Date ”).”
Earnings Releases
Vital Farms, Inc. reported fiscal quarter ended September 25, 2022 results: revenue $92.0 million, net income $0.7 million. Guidance reaffirmed.
“specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Vital Farms Reports Third Quarter 2022 Financial Results Third Quarter Net Revenue a Record $92.0 million, up 42.4% versus Prior Year Reaffirms Fiscal Year 2022 Outlook AUSTIN, TX – November 3, 2022 – Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of”
Brent Drever resigned as Director at Vital Farms, Inc..
“On January 26, 2022, Brent Drever notified the Board of Directors (the “Board”) of Vital Farms, Inc. (the “Company”) of his resignation from the Board, effective as of the date immediately following the date of the Company’s next annual meeting of stockholders.”
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.