-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QvTzjyunTrnbr7l/BS1CW8bBZah8zVMcUaSQSJokLp0XcWLnWFXp90jU6z53NoGY pzuwUcZdGWcv4rBMLfnEZA== 0000002852-01-000004.txt : 20010123 0000002852-01-000004.hdr.sgml : 20010123 ACCESSION NUMBER: 0000002852-01-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010110 ITEM INFORMATION: FILED AS OF DATE: 20010111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AGWAY INC CENTRAL INDEX KEY: 0000002852 STANDARD INDUSTRIAL CLASSIFICATION: GRAIN MILL PRODUCTS [2040] IRS NUMBER: 150277720 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 002-22791 FILM NUMBER: 1507086 BUSINESS ADDRESS: STREET 1: 333 BUTTERNUT DR CITY: DEWITT STATE: NY ZIP: 13214 BUSINESS PHONE: 3154496431 8-K 1 0001.txt ELECTING DIRECTORS SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 10, 2001 AGWAY INC. ---------- (Exact name of registrant as specified in its charter) Delaware 2-22791 15-0277720 - ------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 333 Butternut Drive, DeWitt, New York 13214 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (315) 449-6436 1 ITEM 9. REGULATION FD DISCLOSURE [LOGO] Stephen H. Hoefer Agway Inc., P.O. Box 4933 Syracuse, New York 13221 Phone: Office 315/449-6474 FAX: 315/449-6281 E-Mail: shoefer@agway.com - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FOR IMMEDIATE RELEASE AGWAY ANNOUNCES NEW PROCESS FOR NOMINATING, ELECTING DIRECTORS SYRACUSE, NY (January 10, 2001) - Agway Inc., an agricultural Cooperative owned by 70,000 farmer-members in the northeast U.S., today announced a new process for nominating and electing Directors. This new process takes effect for the Cooperative's 2001 Director elections: o Three geographic Nomination Regions will replace the fifteen Nomination Districts that comprise Agway's membership. o Director Nominating Forums will be established in each region to identify and recommend Member Director candidates. o Every Agway member will have the opportunity to participate on an annual basis in the Director Nominating Forums, with special emphasis placed on engaging those members who represent the majority of Agway's patronage volume. o Over the next three years, two outside Directors and Agway's CEO will be added to the Board while the number of Member Directors will be reduced from 15 to 12. "The change in our Director nomination and election process is important to all Agway members since it is through the election of Directors that members ensure that Agway keeps working effectively for the future benefit of Northeast agriculture," said Gary K. Van Slyke, Agway Chairman of the Board. Van Slyke said the changes reflect both the evolving role of Directors in general, as well as the changing nature of farming in the northeast. "Today's competitive and rapidly changing business environment is increasing the activity of Boards of Directors," said Van Slyke. "Our new director nominating process will ensure Agway has Directors with the range of skills and backgrounds necessary to govern a complex and progressive organization," said Van Slyke. The new three-region structure will more accurately represent Agway's member representation throughout its eleven-state member territory. "Farming in the northeast is consolidating and concentrating in certain areas," said Van Slyke. "This has resulted in significant regional changes in Agway's patronage volume. The three-region structure more accurately reflects our Cooperative's farmer-member representation in the northeast." "The bottom line is that every year Agway members can now become more fully involved in the most important membership activity: nominating and electing Agway Directors," said Van Slyke. Agway members can obtain additional information on the new Director nominating process and sign-up to participate in the Director Nominating Forums by visiting Agway's website at: www.agway.com. ------------- 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AGWAY INC. (Registrant) Date January 11, 2001 By /s/ PETER J. O'NEILL ------------------------- ----------------------------- Peter J. O'Neill Senior Vice President Finance & Control (Principal Financial Officer and Chief Accounting Officer) -----END PRIVACY-ENHANCED MESSAGE-----