Item 5.02. Departure of Directors or Certain Officers; Election
of Directors;
Appointment of Certain Officers; Compensatory
Arrangements of Certain
Officers. OnFebruary 23, 2021 ,The Hershey Company (the "Company") appointedJennifer L. McCalman as Vice President, Chief Accounting Officer, effective immediately. In her new role,Ms. McCalman , age 43, will oversee all accounting, controllership, and external reporting operations at the Company.Ms. McCalman had previously served as the Company's Senior Director, Global Controller since joining the Company inMarch 2019 . Prior to that time, she served as Senior Director, Assistant Corporate Controller for Keurig Dr. Pepper (formerlyKeurig Green Mountain ) fromMay 2017 throughFebruary 2019 and as Director, Assistant Corporate Controller fromDecember 2011 throughMay 2017 . In recognition of her appointment,Ms. McCalman's annual base salary was increased to$375,000 . Her target annual incentive award opportunity under the One Hershey Incentive Program of the Company's Equity and Incentive Compensation Plan ("EICP") was increased to 40% of her base salary, and her target long-term incentive award opportunity under the long-term incentive program of the EICP was increased to 60% of her base salary, in each case effectiveFebruary 23, 2021 . Additional information regarding the Company's executive compensation programs, including information about the One Hershey Incentive Program and the EICP, can be found in the Company's 2020 proxy statement. In connection withMs. McCalman's appointment,Steven E. Voskuil will no longer serve as the Company's Chief Accounting Officer, a role which he assumedNovember 30, 2019 .Mr. Voskuil will continue to serve as the Company's Senior Vice President, Chief Financial Officer, a position he has held since he joined the Company onMay 13, 2019 . Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 104 Cover Page
Interactive Data File (embedded within the Inline
XBRL
document)
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