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Pay vs Performance Disclosure
 12 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance Disclosure
In accordance with rul
es
adopted by the Securities and E
xcha
nge Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation actually paid by us to our principal executive officer (“PEO”), Darcy Horn Davenport, and
Non-PEO
NEOs and Company performance for the fiscal years listed below.
The disclosures included in this section are required by technical SEC rules and do not necessarily align with how the Company or the Compensation Committee views the link between our performance and the compensation of our NEOs. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years presented.
For information regarding the decisions made by our Compensation Committee with respect to the compensation of our NEOs for each fiscal year, including alignment with Company performance, please see the “Compensation Discussion and Analysis” section of the proxy statement for the fiscal years covered.
 
Year
 
   
Summary
Compensation
Table Total
for Darcy
Horn
Davenport¹
($)
 
   
Compensation
Actually Paid
to Darcy
Horn
Davenport
1,2,3
($)
 
   
Average
Summary
Compensation
Table Total
for
Non-PEO

NEOs
1

($)
 
   
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
1,2,
3

($)
 
   
Value of Initial
Fixed $100
Investment based
on:
4
   
Net
Income
($
Millions)
 
   
1-Year

Relative
TSR
Percentile
Rank
5
 
  
TSR
($)
   
Peer
Group
TSR
($)
2024
   
9,901,653
   
29,639,032
   
2,027,491
   
8,453,584
   
328.23
   
126.34
   
246.5
   
83
rd
2023
   
4,321,300
   
17,994,026
   
900,745
   
7,132,747
   
222.87
   
113.96
   
165.5
   
92
nd
2022
   
5,046,013
   
2,706,699
   
3,976,161
   
3,006,251
   
111.41
   
111.29
   
116.0
   
28
th
2021
   
3,565,067
   
6,055,248
   
816,593
   
1,196,210
   
148.26
   
105.63
   
114.4
   
97
th
 
  1.
Darcy Horn Davenport was our PEO for each year presented in the table above. The individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
2021 - 2024
Robert V. Vitale
Paul A. Rode
Douglas J. Cornille
Craig L. Rosenthal
Robin Singh
 
  2.
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation
S-K
and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
 
  3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table.
 
Year
  
Summary
Compensation Table
Total for Darcy
Horn Davenport
($)
  
Exclusion of Stock
Awards for Darcy
Horn Davenport
($)
  
Inclusion of Equity
Values for Darcy
Horn Davenport
($)
  
Compensation
Actually Paid to
Darcy Horn
Davenport
($)
2024   9,901,653   (7,499,798)   27,237,177   29,639,032
 
Year
  
Average Summary
Compensation Table
Total for
Non-PEO

NEOs
($)
  
Average Exclusion of
Stock Awards for
Non-PEO
NEOs
($)
  
Average Inclusion of
Equity Values for
Non-PEO
NEOs
($)
  
Average
Compensation
Actually Paid to
Non-PEO

NEOs
($)
2024   2,027,491   (1,273,978)   7,700,071   8,453,584
The amounts in the Inclusion of Equity Values in the tables above are der
ive
d from the amounts set forth in the following tables:
 
Year
  
Year-End

Fair Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as
of Last Day
of Year for
Darcy Horn
Davenport
($)
  
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
Darcy Horn
Davenport
($)
  
Vesting-Date

Fair Value
of Equity
Awards
Granted
During Year
that Vested
During Year
for
Darcy Horn
Davenport
($)
  
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested
During Year
for
Darcy Horn
Davenport
($)
   
Fair Value
at Last Day
of Prior
Year of
Equity
Awards
Forfeited
During
Year for
Darcy Horn
Davenport
($)
   
Total - Inclusion

of
Equity Values
for Darcy Horn
Davenport
(
$
)
2024   17,288,148   9,660,363   —    288,666    —     27,237,177
 
Year
  
Average
Year-End

Fair Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as
of Last Day
of Year for
Non-PEO

NEOs
($)
  
Average
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
Non-PEO

NEOs
($)
  
Average
Vesting-Date

Fair Value
of Equity
Awards
Granted
During Year
that Vested
During Year
for
Non-PEO

NEOs
($)
  
Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested
During Year
for
Non-PEO

NEOs
($)
   
Average Fair
Value at
Last Day of
Prior Year
of Equity
Awards
Forfeited
During Year
for
Non-PEO

NEOs
($)
   
Total - Average

Inclusion of
Equity Values
for
Non-PEO

NEOs
($)
2024   2,835,092   4,698,454   —    166,524    —     7,700,071
 
  4.
The Peer Group TSR set forth in this table utilizes the S&P Composite 1500 Packaged Foods & Meats (“S&P 1500 Packaged Foods & Meats”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the year ended September 30, 2024. The comparison assumes $100 was invested for the period starting September 30, 2020, through the end of the listed year in the Company and in the S&P 1500 Packaged Foods & Meats, respectively. Historical stock performance is not necessarily indicative of future stock performance.
 
  5.
We determined
1-Year
Relative TSR Perce
nt
ile Rank of Russell 3000 Food Products Index
(“1-Year
Relative TSR Percentile”) to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and
Non-PEO
NEOs in 2024. This performance measure may not have been the most important financial performance measure in prior years, and we may determine a different financial performance measure to be the most important financial performance measure in future years.
     
Company Selected Measure Name 1-YearRelativeTSRPercentileRank      
Named Executive Officers, Footnote
  1.
Darcy Horn Davenport was our PEO for each year presented in the table above. The individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
2021 - 2024
Robert V. Vitale
Paul A. Rode
Douglas J. Cornille
Craig L. Rosenthal
Robin Singh
      
Peer Group Issuers, Footnote The Peer Group TSR set forth in this table utilizes the S&P Composite 1500 Packaged Foods & Meats (“S&P 1500 Packaged Foods & Meats”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the year ended September 30, 2024. The comparison assumes $100 was invested for the period starting September 30, 2020, through the end of the listed year in the Company and in the S&P 1500 Packaged Foods & Meats, respectively. Historical stock performance is not necessarily indicative of future stock performance. 		     
PEO Total Compensation Amount $ 9,901,653 $ 4,321,300 $ 5,046,013 $ 3,565,067
PEO Actually Paid Compensation Amount $ 29,639,032 17,994,026 2,706,699 6,055,248
Adjustment To PEO Compensation, Footnote
  3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table.
 
Year
  
Summary
Compensation Table
Total for Darcy
Horn Davenport
($)
  
Exclusion of Stock
Awards for Darcy
Horn Davenport
($)
  
Inclusion of Equity
Values for Darcy
Horn Davenport
($)
  
Compensation
Actually Paid to
Darcy Horn
Davenport
($)
2024   9,901,653   (7,499,798)   27,237,177   29,639,032
Year
  
Year-End

Fair Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as
of Last Day
of Year for
Darcy Horn
Davenport
($)
  
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
Darcy Horn
Davenport
($)
  
Vesting-Date

Fair Value
of Equity
Awards
Granted
During Year
that Vested
During Year
for
Darcy Horn
Davenport
($)
  
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested
During Year
for
Darcy Horn
Davenport
($)
   
Fair Value
at Last Day
of Prior
Year of
Equity
Awards
Forfeited
During
Year for
Darcy Horn
Davenport
($)
   
Total - Inclusion

of
Equity Values
for Darcy Horn
Davenport
(
$
)
2024   17,288,148   9,660,363   —    288,666    —     27,237,177
      
Non-PEO NEO Average Total Compensation Amount $ 2,027,491 900,745 3,976,161 816,593
Non-PEO NEO Average Compensation Actually Paid Amount $ 8,453,584 7,132,747 3,006,251 1,196,210
Adjustment to Non-PEO NEO Compensation Footnote
  3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table.
Year
  
Average Summary
Compensation Table
Total for
Non-PEO

NEOs
($)
  
Average Exclusion of
Stock Awards for
Non-PEO
NEOs
($)
  
Average Inclusion of
Equity Values for
Non-PEO
NEOs
($)
  
Average
Compensation
Actually Paid to
Non-PEO

NEOs
($)
2024   2,027,491   (1,273,978)   7,700,071   8,453,584
Year
  
Average
Year-End

Fair Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as
of Last Day
of Year for
Non-PEO

NEOs
($)
  
Average
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
Non-PEO

NEOs
($)
  
Average
Vesting-Date

Fair Value
of Equity
Awards
Granted
During Year
that Vested
During Year
for
Non-PEO

NEOs
($)
  
Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested
During Year
for
Non-PEO

NEOs
($)
   
Average Fair
Value at
Last Day of
Prior Year
of Equity
Awards
Forfeited
During Year
for
Non-PEO

NEOs
($)
   
Total - Average

Inclusion of
Equity Values
for
Non-PEO

NEOs
($)
2024   2,835,092   4,698,454   —    166,524    —     7,700,071
      
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, the Company’s cumulative TSR over the four most rec
ently
completed fiscal years, and the S&P 1500 Packaged Foods & Meats TSR over the same period.
 
 
LOGO
     
Compensation Actually Paid vs. Net Income
Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Net Income
 
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and our net income during the four most recently completed fiscal years.
 
 
LOGO
     
Compensation Actually Paid vs. Company Selected Measure
Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Company-Selected Measure,
1-Year
Relative TSR Percentile Rank
 
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and our
1-Year
Relative TSR Percentile Rank during the four most recently completed fiscal years.
 
 
LOGO
     
Total Shareholder Return Vs Peer Group
Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, the Company’s cumulative TSR over the four most rec
ently
completed fiscal years, and the S&P 1500 Packaged Foods & Meats TSR over the same period.
 
 
LOGO
     
Tabular List, Table
Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and other NEOs for 2024 to Company performance. The measures in this table are not ranked.
 
1-
Year
Relative TSR Percentile Rank
Net Revenue – Corporate
Net Revenue – Premier Nutrition
Adjusted EBITDA – Corporate
Adjusted EBITDA – Premier Nutrition
      
Total Shareholder Return Amount $ 328.23 222.87 111.41 148.26
Peer Group Total Shareholder Return Amount 126.34 113.96 111.29 105.63
Net Income (Loss) $ 246,500,000 $ 165,500,000 $ 116,000,000 $ 114,400,000
Company Selected Measure Amount 83 92 28 97
PEO Name Darcy Horn Davenport      
Measure:: 1        
Pay vs Performance Disclosure        
Name 1-Year Relative TSR Percentile Rank      
Measure:: 2        
Pay vs Performance Disclosure        
Name Net Revenue – Corporate      
Measure:: 3        
Pay vs Performance Disclosure        
Name Net Revenue – Premier Nutrition      
Measure:: 4        
Pay vs Performance Disclosure        
Name Adjusted EBITDA – Corporate      
Measure:: 5        
Pay vs Performance Disclosure        
Name Adjusted EBITDA – Premier Nutrition      
PEO | Exclusion of Stock Awards for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (7,499,798)      
PEO | Inclusion of Equity Values for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 27,237,177      
PEO | Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 17,288,148      
PEO | Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 9,660,363      
PEO | Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 288,666      
PEO | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Exclusion of Stock Awards for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,273,978)      
Non-PEO NEO | Inclusion of Equity Values for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 7,700,071      
Non-PEO NEO | Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,835,092      
Non-PEO NEO | Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,698,454      
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 166,524      
Non-PEO NEO | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Darcy Horn Davenport [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0