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Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On February 23, 2021, The Hershey Company (the “Company”) appointed Jennifer 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 in March 2019. Prior to that time, she served as Senior Director, Assistant Corporate Controller for Keurig Dr. Pepper (formerly Keurig Green Mountain) from May 2017 through February 2019 and as Director, Assistant Corporate Controller from December 2011 through May 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 effective February 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 with Ms. McCalman’s appointment, Steven E. Voskuil will no longer serve as the Company’s Chief Accounting Officer, a role which he assumed November 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 on May 13, 2019.
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Item 9.01.
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Financial Statements and Exhibits.
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(d)
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Exhibits.
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Exhibit Number
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Description
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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