Sanderson Farms — Proxy Contest (January 2021)
14 slides from Sanderson Farms's proxy contest presentation, Jan 27, 2021
Slide 1: Sanderson Farms Strategy and Governance Update
SANDERSON FARMS STRATEGY AND GOVERNANCE UPDATE January 27, 2021
Slide 2: Company Overview
Sanderson Farms is a leading, fully vertically integrated poultry processing company engaged in the production, processing, marketing, and distribution of fresh and frozen chicken products for our customers. We have been operating in Mississippi continuously since 1947, and we also have facilities i
Slide 3: Corporate Responsibility Statement and ESG Strategy
Corporate Responsibility Statement and ESG Strategy As a public company, we have a responsibility to create long-term value for our shareholders. Over the last 73 years, we have met this responsibility through our strategy of internal growth, conservative financial management and a relentless focus
Slide 4: Our Commitment to Responsible Resource Management
Our Commitment to Responsible Resource Management We have strict guidelines in place for site selection for our facilities, and perform extensive due diligence before selecting a site. We engage with hydrologists that are familiar with the target region, drill test wells and perform other aquifer st
Slide 5: Our Commitment to Our Employees
Our Commitment to Our Employees Treating our employees with dignity and respect has been a core value of ours since our inception, but the COVID-19 pandemic has highlighted the importance of our commitment to the health, safety, and well-being of our employees. Without concern for the impact on prof
Slide 6: Our Commitment to Diversity
Our Commitment to Diversity Since our inception in 1947, we have believed strongly in treating our team members with dignity and respect, which means providing a fair, equitable, and inclusive environment. We believe in the importance of listening as a tool to promote inclusion and diversity, whethe
Slide 7: Our Board of Directors
Our Board of Directors We believe that we have a well-rounded board with the skills necessary to continue to execute on our strategic plan. We will continue to thoughtfully refresh the board to ensure that we have the right mix of perspectives, backgrounds, and experiences. The statistics below desc
Slide 8: Our Board of Directors
- John H. Baker III, who had been a Class B director since 1994, will retire from the Board of Directors when his term expires at the annual meeting. Our Board of Directors Name Age Independent Director Since Board Committee(s) Primary Occupation Fred Banks, Jr. 78 ✓ 2007 Audit Committee Compensatio
Slide 9: Ongoing Shareholder Engagement Process
Ongoing Shareholder Engagement Process Every year, we reach out to a cross-section of our top 30 shareholders representing approximately 50% of our outstanding shares to discuss ESG issues. We include several members of our Board and management team in these discussions. Our Board meets to consider
Slide 10: Our Commitment to Transparent Reporting
Our Commitment to Transparent Reporting We are currently on a multi-year journey toward enhancing our ESG transparency efforts. While we’ve always recognized the importance of transparent financial disclosure, we have been listening to our shareholders and other stakeholders who, over the last decad
Slide 11: Summary of FY20 Results & Business Update
Summary of FY20 Results & Business Update STRATEGIC UPDATES: Opened Tyler, TX facility in FY 2019, with the plant reaching full capacity in FY 2020 Managed capex in response to challenging operating environment Managed balance sheet and appropriate capital structure; little debt and ample liquidity
Slide 12: Our Path to Creating Long-Term Value
Our Path to Creating Long-Term Value LOW COST PRODUCER As one of the industry’s most efficient poultry producers, Sanderson Farms is well positioned to capture market share. FAVORABLE PRODUCT MIX The company’s product mix is focused on the two most profitable market segments of the poultry industry
Slide 13: Our Human Rights Principles and Statement
Our Human Rights Principles and Statement Respect for the inherent dignity, equality and worth of every human being has been a core value at Sanderson Farms since our founding in 1947. This principle is the cornerstone of our company Vision, which calls upon our team to treat all persons with absolu
Slide 14: Forward-Looking Statements
These materials and the Company’s statements and presentation may include forward-looking statements within the meaning of the “safe harbor” provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statem