Company Overview of Post Holdings, Inc.
Post Holdings, Inc. manufactures, markets, and sells refrigerated, active nutrition, and private label food products in the United States and Canada. The company operates through five segments: Post Foods, Michael Foods, Active Nutrition, Private Brands, and Attune Foods. It offers egg products, refrigerated potato products, and cheese and other dairy case products; branded and private label natural and organic cereals, granola, and snacks; dry pasta, peanut butter and other nut butters, dried fruits, and baking and snacking nuts; and high protein shakes, bars, and powders, as well as nutritional supplements. The company offers its products primarily under the brand names of Post, Honey Bunc...
2503 South Hanley Road
St. Louis, MO 63144
Founded in 1895
Key Executives for Post Holdings, Inc.
Chief Executive Officer, President and Director
Total Annual Compensation: $500.0K
Executive Chairman, Chairman of Executive Committee and Chairman of Strategy & Financial Oversight Committee
Total Annual Compensation: $1.0
Chief Financial Officer, Chief Accounting Officer, Senior Vice President and Corporate Controller
Total Annual Compensation: $285.0K
Compensation as of Fiscal Year 2014.
Post Holdings, Inc. Key Developments
Post Holdings, Inc. Declares Dividend on Series B and Series C Convertible Preferred Stock, Payable on May 1, 2015
Apr 17 15
Post Holdings, Inc. announced that its Board of Directors declared a quarterly dividend of $0.9375 per share on the company's 3.75% series B cumulative perpetual convertible preferred stock for the dividend period from the date of February 15, 2015 to May 14, 2015. The Board of Directors also declared a quarterly dividend of $0.625 per share on the company's 2.5% series C cumulative perpetual convertible preferred stock for the dividend period from the date of February 15, 2015 to May 14, 2015. Both dividends will be paid on May 15, 2015 to preferred shareholders as of May 1, 2015.
Post Holdings, Inc. Announces Retirement of William H. Danforth as Director and as Member of the Corporate Governance and Compensation Committee
Apr 6 15
Post Holdings, Inc. announced that on April 3, 2015, Dr. William H. Danforth, a member of the Board of Directors of the company, notified the company of his decision to retire as director of the company. Dr. Danforth has been a member of the company's Board of Directors since 2012 and is a member of the Corporate Governance and Compensation Committee. Dr. Danforth's retirement from the Board of Directors, and all committees thereof, will be effective on April 10, 2015.
Post Holdings, Inc. Announces Powerbar Manufacturing Facility Closing
Mar 12 15
Post Holdings, Inc. announced plans to close its facility in Boise, Idaho, manufacturing PowerBar® products distributed in North America. The closure of the plant is expected to be completed by July 2015. Post management expects to transfer production of the PowerBar® products to third party facilities under co-manufacturing agreements. The decision will impact approximately 165 employees. Post has committed to providing severance and transition assistance to all affected employees. The closure is expected to improve efficiency, decrease costs and grow the profit contribution of the PowerBar® brand. Upon closure of the facility and transfer of production, Post expects to achieve net pretax annual cash manufacturing cost savings of approximately $4 million beginning in Post's fiscal year 2016. In connection with the closure, Post expects to incur one-time pretax charges of approximately $5 million, primarily in Post's second quarter of fiscal 2015.
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