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JM Smucker Co-CEOs Total Compensation Fell In FY2011

By Paul Ziobro Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The co-chief executives of J.M. Smucker Co. (SJM) both saw their total compensation packages fall in fiscal 2011 due to lower bonuses tied to performances and a drop in the value of pensions. Timothy Smucker, who is giving up the co-CEO role in August but will remain as chairman, had total compensation of $5.2 million in fiscal 2011, down from $6.8 million the prior year, according to a filing with the Securities and Exchange Commission. Richard Smucker, who will become the sole CEO, saw his total compensation fall to $5.5 million in fiscal 2011 from nearly $8 million the previous year. The two Smucker brothers both saw their salaries rise to $853,000 from $820,000. A bonus tied to company performance fell to $1 million from about $1.6 million a year earlier. Both also saw declines in the value of their pensions and nonqualified deferred compensations, with Timothy Smuckers' falling to $892,000 from $2 million a year earlier and Richard Smucker's falling to about $1 million from $3.2 million. The salaries won't be the same under the new roles. Timothy Smucker's will be trimmed to $600,000 when he gives up the co-CEO role. Smucker shares closed up 1.02% at $77.08. -By Paul Ziobro, Dow Jones Newswires; 212-416-2194;

Stock News for Smuckers J M (SJM)
09/01/201517:29:18Statement of Changes in Beneficial Ownership (4)
09/01/201517:08:02Statement of Changes in Beneficial Ownership (4)
09/01/201517:05:13Statement of Changes in Beneficial Ownership (4)
09/01/201517:01:20Statement of Changes in Beneficial Ownership (4)
08/27/201508:40:00Smucker Results Top Expectations
08/27/201507:16:22Current Report Filing (8-k)
08/27/201507:00:00The J. M. Smucker Company Announces Fiscal 2016 First Quarter...
08/25/201516:09:26Current Report Filing (8-k)
08/25/201506:01:36Notice of Effectiveness (effect)
08/24/201517:03:03Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
08/20/201517:01:54Statement of Changes in Beneficial Ownership (4)
08/19/201516:33:13Registration Statement for Securities to Be Issued in Business...
08/19/201507:19:44Amended Current Report Filing (8-k/a)
08/13/201517:05:38Current Report Filing (8-k)
08/05/201516:30:00The J. M. Smucker Company Announces Webcasts of First Quarter...
07/30/201506:24:14Notice of Exempt Solicitation. Definitive Material. (px14a6g)
07/21/201521:30:36Blue Buffalo's IPO Prices Above Expectations
07/16/201517:15:00The J. M. Smucker Company Announces Dividend Increase
07/16/201506:02:18Amended Statement of Beneficial Ownership (sc 13d/a)
07/15/201519:46:41Statement of Changes in Beneficial Ownership (4)

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