Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On February 24, 2021, Lancaster Colony Corporation (the "Corporation") announced
the appointment of Elliot K. Fullen to the Corporation's Board of Directors (the
"Board") as a Class III director, effective immediately, to serve until the 2022
annual meeting of shareholders and until his successor is duly elected.
Mr. Fullen was unanimously appointed by the Board, and the number of directors
serving on the Board was increased from nine to ten directors in connection with
his appointment. The Board has not yet appointed Mr. Fullen to serve on any
committees of the Board.
Mr. Fullen does not have any direct or indirect material interest in any
transaction with the Corporation required to be disclosed pursuant to Item
404(a) of Regulation S-K. There is no arrangement or understanding between
Mr. Fullen and any other person pursuant to which he was selected as a director.
As with each of the Corporation's other non-employee directors, Mr. Fullen will
be entitled to receive an annual retainer of $75,000, payable quarterly.
Mr. Fullen also received a grant of restricted stock on February 24, 2021 with a
market value of approximately $75,000.
A press release announcing the appointment of Mr. Fullen is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description
99.1 Press Release, dated February 24, 2021, entitled "Lancaster Colony
Appoints Elliot K. Fullen to Board of Directors."
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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