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AI brief of an SEC Form 8-K · J.M. Smucker Company (The) (SJM)

Smucker shareholders elect all 10 directors and approve advisory pay vote

Neutral Impact 2 of 5 shareholder Written later

At its August 14, 2024 virtual annual meeting, Smucker shareholders elected all ten directors to one-year terms and ratified Ernst & Young LLP as auditor for fiscal 2025. Shareholders also approved, on an advisory basis, the executive compensation disclosed in the 2024 Proxy Statement. The filing also reports that the Compensation Committee changed the three-year performance targets for fiscal 2025 performance units, weighting them 75% on adjusted earnings per share and 25% on average net sales growth.

Key points

  • All ten directors were elected to terms expiring at the 2025 Annual Meeting; Mark T. Smucker received the most Against votes, at 6,679,589.
  • Advisory say-on-pay proposal passed with 72,526,014 For and 4,436,943 Against votes.
  • Ernst & Young LLP was ratified for the fiscal year ending April 30, 2025, with 81,999,999 For and 7,836,474 Against votes.
  • Fiscal 2025 performance units will replace the three-year return on invested capital target with a three-year average net sales growth target, weighted 25%.

The filing

CompanyJ.M. Smucker Company (The) (SJM)
Form8-K, current report
Filed with the SECAug 15, 2024, 4:15 PM ET
Accession number0000091419-24-000072

Items reported: 5.02 Director / Officer Change5.07 Shareholder Vote Results

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 15, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.