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Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2024

USD ($)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table


								Average			Average
								Summary			Compensation				Average						Company
		Summary			Compensation			Compensation			Actually				Value of Initial Fixed						Selected			Other Measures
		Compensation			Actually			Table Total			Paid (1)				$100 Investment Based On:						Measure					Net Earnings
		Table Total			Paid (1)			for Other			to Other							TSR of			Net Earnings (5)			Sales		as a Percent
Year		for PEO			to PEO (2)			NEOs			NEOs (2)				TSR (3)			Peer Group (4)			(in thousands)			(in thousands)		of Sales
2024		$	7,204,551		$	7,204,551		$	1,573,879		$	1,573,879		$	116		$	111		$	97,819		$	715,530			13.7%
2023			7,289,683			7,289,683			1,495,958			1,495,958			114			120			91,886			763,252			12.0%
2022			6,793,272			6,793,272			1,362,116			1,362,116			141			130			75,892			681,440			11.1%
2021			5,442,510			5,442,510			1,256,239			1,256,239			115			119			65,308			566,043			11.5%
2020			4,882,302			4,882,302			1,191,157			1,191,157			91			105			58,974			467,427			12.6%

(1)

"Compensation Actually Paid" is the same as the total compensation reported in the Summary Compensation Table because the Company does not have any stock-based compensation or defined benefit plans.

(2)

The principal executive officer (PEO) is Ellen R. Gordon. The four other named executive officers (NEOs) are G. Howard Ember, Jr., Kenneth D. Naylor, Barry P. Bowen and Stephen P. Green. There were no changes to the PEO or other NEOs during 2024, 2023, 2022, 2021 or 2020.

(3)

For the relevant fiscal year, represents the cumulative total shareholder return (TSR) of the Company for the measurement periods ending on December 31 of each of 2024, 2023, 2022, 2021 and 2020, respectively.

(4)

For the relevant fiscal year, represents the TSR of the Dow Jones US Food Producers group for the measurement periods ending on December 31 of each of 2024, 2023, 2022, 2021 and 2020, respectively.

(5)

Excludes deduction for non-controlling interests as per Item 402 of Regulation S-K in the amount of $19,000, $26,000, $45,000, $18,000 and $21,000 in 2024, 2023, 2022, 2021, and 2020, respectively. In addition, as per the terms of the Company’s Management Incentive Plan, 2024 Net Earnings excludes an $11,010,000 non-recurring, non-cash charge related to the write-off of a deferred tax asset.

Company Selected Measure Name

Sales

Named Executive Officers, Footnote

(2)

The principal executive officer (PEO) is Ellen R. Gordon. The four other named executive officers (NEOs) are G. Howard Ember, Jr., Kenneth D. Naylor, Barry P. Bowen and Stephen P. Green. There were no changes to the PEO or other NEOs during 2024, 2023, 2022, 2021 or 2020.

Peer Group Issuers, Footnote

(4)

For the relevant fiscal year, represents the TSR of the Dow Jones US Food Producers group for the measurement periods ending on December 31 of each of 2024, 2023, 2022, 2021 and 2020, respectively.

PEO Total Compensation Amount

$ 7,204,551

$ 7,289,683

$ 6,793,272

$ 5,442,510

$ 4,882,302

PEO Actually Paid Compensation Amount

7,204,551

7,289,683

6,793,272

5,442,510

4,882,302

Non-PEO NEO Average Total Compensation Amount

1,573,879

1,495,958

1,362,116

1,256,239

1,191,157

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,573,879

1,495,958

1,362,116

1,256,239

1,191,157

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid and Cumulative TSR

The following graph illustrates the amount of compensation actually paid to Mrs. Gordon and the average amount of compensation actually paid to the Company’s NEOs as a group (excluding Mrs. Gordon) as compared to the cumulative TSR over the five years presented in the table. The Compensation Committee does not determine the amount of MIP and CAP awards based on stock price performance. TSR of the Company in relation to that of its peer group is not taken into consideration in determining compensation paid to NEOs because the Board believes that focusing on the factors enumerated above in the Compensation Discussion and Analysis will lead to increased shareholder value on a long term basis and serve to mitigate risk taking activities that are inconsistent with the Company’s long term shareholder interests.

Compensation Actually Paid vs. Net Income

Compensation Actually Paid and Net Earnings

The following graph illustrates the amount of compensation actually paid to Mrs. Gordon and the average amount of compensation actually paid to the Company’s NEOs as a group (excluding Mrs. Gordon) as compared to the Company’s Net Earnings over the five years presented in the table. Net Earnings is the most important factor taken into consideration when determining the MIP and CAP awards for NEOs.

Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid and Sales

The following graph illustrates the amount of compensation actually paid to Mrs. Gordon and the average amount of compensation actually paid to the Company’s NEOs as a group (excluding Mrs. Gordon) as compared to the Company’s Net Earnings sales over the five years presented in the table.

Total Shareholder Return Vs Peer Group

Company’s TSR versus TSR of Peer Group

The following graph illustrates the TSR of the Company versus that of its peer group over the five years presented in the table.

Total Shareholder Return Amount

$ 116

114

141

115

91

Peer Group Total Shareholder Return Amount

111

120

130

119

105

Net Income (Loss)

$ 97,819,000

$ 91,886,000

$ 75,892,000

$ 65,308,000

$ 58,974,000

Company Selected Measure Amount

715,530,000

763,252,000

681,440,000

566,043,000

467,427,000

Ellen R. Gordon

Net earnings (loss) attributable to noncontrolling interests

$ 19,000

$ 26,000

$ 45,000

$ 18,000

$ 21,000

Adjustment deferred tax assets non-cash tax charge

$ 11,010,000

Pay vs Performance Disclosure

Net earnings and earnings per share

Pay vs Performance Disclosure

Increase in sales of core brands and total sales

Pay vs Performance Disclosure

Compensation Actually Paid vs. Other Measure

Compensation Actually Paid and Net Earnings as a Percentage of Sales

The following graph illustrates the amount of compensation actually paid to Mrs. Gordon and the average amount of compensation actually paid to the Company’s NEOs as a group (excluding Mrs. Gordon) as compared to the Company’s Net Earnings as a percentage of sales over the five years presented in the table.

Other Performance Measure, Amount

13.7

12

11.1

11.5

12.6

Net earnings as a percentage of sales