8-K

 

 

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 22, 2014

 

 

SANDERSON FARMS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Mississippi   1-14977   64-0615843

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

127 Flynt Road

Laurel, Mississippi

  39443
(Address of principal executive offices)   (Zip Code)

(601) 649-4030

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

 

 

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

  ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Section 5 – Corporate Governance and Management

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

On January 22, 2014, the Compensation Committee of the Registrant’s Board of Directors ratified the payment of certain miscellaneous items of compensation during fiscal 2013 to the Registrant’s executive officers, as follows:

 

Type

   Joe F. Sanderson,
Jr.,
Chairman & CEO
     Lampkin Butts,
President & COO
     D. Michael
Cockrell,
Treasurer & CFO
     Tim Rigney,
Secretary
 

Personal Use of Company and Charter Aircraft

   $ 61,093       $ 5,323       $ 0       $ 0   

Other Travel Related Expenses

     1,865         4,200         0         0   

401(k) Plan Matching Contribution

     10,200         10,200         10,200         7,160   

ESOP Contribution

     9,315         9,315         9,315         6,669   

Life Insurance

     272         272         272         272   

Matching Charitable Contributions

     7,500         2,500         2,500         0   

Dividends Paid on Restricted Stock

     137,740         40,825         38,139         1,384   

Accidental Death

     18         18         18         18   

Total

   $ 228,003       $ 72,653       $ 60,444       $ 15,503   
  

 

 

    

 

 

    

 

 

    

 

 

 


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.

SANDERSON FARMS, INC.

(Registrant)

 

Date: January 27, 2014     By:  

/s/ D. Michael Cockrell

      D. Michael Cockrell
      Treasurer and Chief Financial Officer