J.M. Smucker Company (The) (SJM) 8-K Current Report: March 3, 2026
Filed: March 3, 2026
Consumer Staples
Canned, Fruits, Veg, Preserves, Jams & JelliesJ.M. Smucker Company (The) (SJM) 8-K current report filed with SEC EDGAR on March 3, 2026. This page provides AI-powered analysis of reported events and material disclosures, including results of operations, corporate governance changes, agreements, and other triggering events as disclosed under Form 8-K item codes.
Reported 8-K Items1 item
- Item 5.02: Departure/Election of Directors or Officers
J.M. Smucker Company (The) 8-K Mar 3, 2026 Event Analysis
Item 5.02 · Departure/Election of Directors or Officers
- • Brase (former President & COO) separation effective Feb 26, 2026 — cash severance totals ~$1.993M across base pay, bonus, medical, relocation, and outplacement
- • Largest cash component: $1,185,000 lump sum (18 months base salary), payable Apr 17, 2026
- • Pro-rata FY2026 incentive of $611,885 also paid Apr 17, 2026 — reflects partial-year performance credit
- • Partial equity acceleration granted: third-tranche RSAs/options from June 2023 vest; 2020 hire grant vests; pro-rated performance units from 2023 and 2024 grants remain performance-contingent
- • Terms consistent with existing Executive Severance Plan — signals no negotiated windfall; full agreement to be filed with FY2026 10-K (period ending Apr 30, 2026)
Other J.M. Smucker Company (The) 8-K Filings
Get deeper insights on J.M. Smucker Company (The)
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.