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March 29, 2015 6:47 PM ET

Food and Staples Retailing

Company Overview of Schnuck Markets, Inc.

Company Overview

Schnuck Markets, Inc. owns and operates supermarkets with in-store pharmacies in Missouri, Illinois, Indiana, Wisconsin, and Iowa. The company operates bakery, deli foods, floral, coffee, meat, pharmacy, fresh produce, cooked seafood, and fuel departments, as well as conducts cooking classes. It also provides online retail, as well as facilitates the option of online money transfer and bill payment. Schnuck Markets, Inc. was founded in 1939 and is headquartered in St. Louis, Missouri.

11420 Lackland Road

St. Louis, MO 63146-6928

United States

Founded in 1939

Phone:

314-994-9900

Fax:

314-994-4465

Key Executives for Schnuck Markets, Inc.

Chairman and Chief Executive Officer
Age: 55
President and Chief Operating Officer
Age: 47
Chief Financial Officer
Age: 47
Compensation as of Fiscal Year 2014.

Schnuck Markets, Inc. Key Developments

Schnuck Markets, Inc. Announces Management Changes

Todd Schnuck is now the chairman and CEO of Schnuck Markets Inc. Schnuck, 55, succeeds brother Scott Schnuck, who will serve as chairman of the company's executive committee. Anthony T. Hucker, 48, who joined Schnucks in September 2013, is now president and chief operating officer. Hucker becomes the first non-family member to hold this office.

Schnucks to Build Million-Square-Foot Warehouse

Schnucks announced they are searching for land in the St. Louis area to build a 1 million-square-foot warehouse to replace the grocer's facility in Bridgeton. It hopes to open the facility in the summer of 2016. The Bridgeton facility, located at 12921 Enterprise Way and built in 1971, has been expanded twice, but is structurally inefficient and does not have enough space. They company will maintain a smaller operation at Bridgeton. The new site will more than double the space currently available.

Judge Gives Preliminary Approval to Schnucks Data Breach Settlement

A judge on July 9, 2014 gave preliminary approval to a new version of a proposed class action settlement over a data breach at Schnuck Markets, but the settlement won't be final until January 2015. In the order giving preliminary approval, St. Louis Circuit Judge David Dowd set a final approval hearing date for Jan. 13 and appointed two companies to send out notices and administer claims. He also appointed retired St. Louis Circuit Judge Brendan Ryan as claims referee and Ben Barnow, of Barnow and Associates in Chicago, and John Steward, of counsel with St. Louis firm Meyerkord & Meyerkord, as lead class counsel. Notification of class members will start no later than Aug. 11, according to the order. The deadline to file claims is Dec. 31. In March 2013, Schnuck Markets Inc. found that a data breach via hackers exposed as many as 2.2 million customers credit and debit cards used at the St. Louis-based company's stores to identity theft The settlement would set up payments for class members, including up to $10,000 for documented identity theft; $10 for each compromised account; and $500 each to the representative plaintiffs in the suits. It asks for $635,000 in attorneys fees. According to the motion, the new settlement: Raises the amount Schnucks must make available to pay class members for identity theft losses from the data breach from $300,000 to $500,000; Calls for any of the unused money from the identity theft funding to be added to the $1.6 million that will be used to pay class members for expenses such as bank fees, phone bills and time spent unsnarling compromised debit or credit card accounts; Increases to $200 from $175 the maximum amount class members may receive for those expenses; Bans expenses paid by Schnucks to administer the settlement from being counted against settlement caps; Makes it easier for class members to make claims; and Allows a claims referee to waive settlement caps if approved claims total more than the caps and both sides agree.

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