Seneca Foods Corp has recently released its 10-K report, providing a detailed insight into its operations and financials. The company, incorporated in 1949 and headquartered in Fairport, New York, is primarily involved in providing packaged fruits and vegetables in the United States and internationally. Additionally, Seneca Foods Corp engages in the sale of cans, ends, seeds, trucking, and aircraft operations.
In the 10-K report, Seneca Foods Corp disclosed its 2007 Equity Incentive Plan, which was approved by shareholders at the annual meeting on August 10, 2007, and extended on July 28, 2017. The plan, which expires in August 2027, initially authorized the issuance of up to 100,000 shares of either Class A Common Stock and Class B Common Stock or a combination of the two classes of stock. During fiscal year 2025, 3,870 shares were awarded under the terms of the 2007 Equity Plan. As of March 31, 2025, there were 36,224 shares available for distribution as part of future awards under the 2007 Equity Plan. The report also stated that no additional shares have been awarded under the 2007 Equity Plan through the date of the Annual Report on Form 10-K. Additionally, there are no equity compensation plans not approved by the Company’s shareholders. As a result of these announcements, the company's shares have moved 0.2% on the market, and are now trading at a price of $92.47. If you want to know more, read the company's complete 10-K report here.
