As filed with the Securities and Exchange Commission on November 17, 2014

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 


 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported):  November 14, 2014

 

 

B&G Foods, Inc.

(Exact name of Registrant as specified in its charter)

 

Delaware

 

001-32316

 

13-3918742

(State or Other Jurisdiction

 

(Commission

 

(IRS Employer

of Incorporation)

 

File Number)

 

Identification No.)

 

Four Gatehall Drive, Parsippany, New Jersey

 

07054

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (973) 401-6500

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 7.01.  Regulation FD Disclosure.

Item 8.01.  Other Events.

 

On November 14, 2014, B&G Foods, Inc. issued a press release announcing that we have initiated a voluntary recall of certain Ortega Taco Seasoning Mix, Ortega Taco Sauce, Ortega Enchilada Sauce and Ortega Taco Kit products and certain Las Palmas Taco Seasoning Mix and Las Palmas Taco Sauce products.  The information contained in the press release, which is attached to this report as Exhibit 99.1, is incorporated by reference herein and is furnished pursuant to Item 7.01, “Regulation FD Disclosure” and Item 8.01, “Other Events.”

 

B&G Foods initiated the voluntary recall of the products listed above and in the attached press release after learning that one or more of the spice ingredients purchased from a third party supplier contained peanuts and almonds, allergens that are not declared on the products’ ingredient statements.  People who have an allergy or severe sensitivity to peanuts and almonds run the risk of serious or life-threatening allergic reaction if they consume these products. There is no health risk associated with these products for individuals without an allergy to peanuts or almonds.

 

Although it is too early to ascertain the total cost of the recall, we currently expect to record costs associated with the recall of approximately $12 million in the fourth quarter of 2014.  B&G Foods will also incur at least some additional costs in future quarters. We expect to reverse the charges for any portion of such costs that are recovered from our existing insurance policies and from the third-party supplier of the contaminated spice ingredients.  Any such recovery will be recorded in the period in which such recovery is determined to be probable.

 

While it is too soon to predict the impact of this recall on B&G Foods’ net sales, net sales of the products affected by the recall will be reduced for the fourth quarter of fiscal 2014.

 

The safety of our consumers is our number one priority and we are taking the appropriate steps to prevent this from happening again.  All of our ingredients and products are subject to our stringent food safety and quality assurance systems.  We are committed to ensuring that all of the products we sell are safe and meet the highest quality standards.  We have terminated our relationship with the supplier that provided the contaminated ingredients and are receiving these ingredients from other sources in anticipation of resuming production and distribution shortly.

 

Forward-Looking Statements

 

Statements in this report that are not statements of historical or current fact constitute “forward-looking statements.”  The forward-looking statements contained in this report include, without limitation, statements related to the financial impact of the recall, including, the cost of the recall and the recall’s impact on our net sales; our ability to recover costs from our insurance carriers or the third-party supplier of the contaminated spice ingredients; the timing of future production and distribution of the products; and our ability to prevent future recalls.  Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of B&G Foods to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.  In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “projects,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. The forward-looking statements contained in this report are also subject generally to other risks and

 

2



 

uncertainties that are described from time to time in B&G Foods’ filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in our most recent Annual Report on Form 10-K and in our subsequent reports on Forms 10-Q and 8-K.  Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made.  B&G Foods undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

 

Item 9.01.  Financial Statements and Exhibits.

 

(d)           Exhibits.

 

99.1

 

Press Release dated November 14, 2014, furnished pursuant to Item 7.01 and Item 8.01

 

3



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

B&G FOODS, INC.

 

 

 

 

Dated: November 17, 2014

By:

/s/ Robert C. Cantwell

 

 

Robert C. Cantwell

 

 

Executive Vice President of Finance and

 

 

Chief Financial Officer

 

4




Exhibit 99.1

 

 

B&G FOODS ISSUES ALLERGY ALERT ON UNDECLARED PEANUT AND ALMOND IN PRODUCT

 

PARSIPPANY, N.J., November 14, 2014 — B&G Foods announced today it is voluntarily recalling certain Ortega Taco Seasoning Mix, Ortega Taco Sauce, Ortega Enchilada Sauce and Ortega Taco Kit products and certain Las Palmas Taco Seasoning Mix and Las Palmas Taco Sauce products after learning that one or more of the spice ingredients purchased from a third party supplier contain peanuts and almonds, allergens that are not declared on the products’ ingredient statements. People who have an allergy or severe sensitivity to peanuts and almonds run the risk of serious or life-threatening allergic reaction if they consume these products.  There is no health risk associated with these products for individuals without an allergy to peanuts or almonds.

 

This recall affects the following products:

 

Consumer UPC #

 

Size

 

Best By Date Range

 

Description

0 39000 00805 1

 

10oz

 

May 18, 2015 - Feb 10, 2016

 

Ortega Taco Dinner Kit

0 39000 00818 1

 

16.7oz

 

May 18, 2015 - Feb 10, 2016

 

Ortega Taco Dinner Kit

0 39000 00820 4

 

1.25 oz

 

Feb 18, 2016 - Nov 3, 2016

 

Ortega Taco Seasoning

0 39000 00821 1

 

3.75 oz

 

Feb 18, 2016 - Nov 3, 2016

 

Ortega Taco Seasoning (3 Pack)

0 39000 00860 0

 

5 lb.

 

Feb 18, 2016 - Nov 3, 2016

 

Ortega Taco Meat Seasoning (Foodservice)

0 39000 00861 7

 

9 oz

 

Feb 18, 2016 - Nov 3, 2016

 

Ortega Taco Meat Seasoning (Foodservice)

0 39000 00890 7

 

8 oz

 

Feb 18, 2017 - Nov 10, 2017

 

Ortega Taco Sauce - Mild

0 39000 00891 4

 

8 oz

 

Feb 18, 2017 - Nov 10, 2017

 

Ortega Taco Sauce - Hot

0 39000 01012 2

 

15.2oz

 

May 18, 2015 - Feb 10, 2016

 

Ortega Soft Taco Dinner Kit

0 39000 01892 0

 

8 oz

 

Feb 18, 2017 - Nov 10, 2017

 

Ortega Taco Sauce - Medium

0 39000 01893 7

 

16 oz

 

Feb 18, 2017 - Nov 10, 2017

 

Ortega Taco Sauce - Mild

0 39000 01894 4

 

16 oz

 

Feb 18, 2017 - Nov 10, 2017

 

Ortega Taco Sauce - Medium

0 41501 00806 5

 

9.15oz

 

May 18, 2015 - Feb 10, 2016

 

Ortega Whole Grain Taco Kit

0 41501 00824 9

 

1.25oz

 

Feb 18, 2016-Nov 3, 2016

 

Ortega 40% Less Sodium Taco Seasoning

0 41501 00832 4

 

5oz

 

May 18, 2015 - Feb 10, 2016

 

Ortega “Tacos for Two” Kit

0 41501 00882 9

 

144 g

 

15 MA 18- 16 FE 10

 

Ortega “Tacos for Two” Kit (Canada)

0 41501 00897 3

 

8 oz

 

Feb 18, 2017 - Nov 10, 2017

 

Ortega Green Taco Sauce - Mild

0 41501 00898 0

 

8 oz

 

Feb 18, 2017 - Nov 10, 2017

 

Ortega Enchilada Sauce

0 41501 00907 9

 

16 oz

 

Feb 18, 2017-Nov 10, 2017

 

Ortega Green Taco Sauce - Mild

0 41501 01014 3

 

13.6 oz

 

May 18, 2015-Feb 10, 2016

 

Ortega Whole Wheat Soft Taco Kit

0 41501 01015 0

 

21.3oz

 

May 18, 2015 - Feb 10, 2016

 

Ortega Grande Hard & Soft Taco Dinner Kit

0 41501 01058 7

 

15.9oz

 

May 18, 2015-Feb 10, 2016

 

Ortega Whole Grain/Whole Wheat Hard & Soft Taco Kit

0 41501 01895 8

 

16 oz

 

Feb 18, 2017 - Nov 10, 2017

 

Ortega Taco Sauce - Hot

0 41501 08351 2

 

9.8oz

 

May 18, 2015 - Feb 10, 2016

 

Ortega Fiesta Flats Kit

0 41501 79811 9

 

3.75 oz

 

Feb 18, 2016-Nov 3, 2016

 

Las Palmas Taco Seasoning Packet (3 Pack)

0 41501 79812 6

 

106 g

 

16 FE 18 - 16 NO 03

 

Las Palmas Taco Seasoning Packets (3 Pack) (Canada)

0 41501 79890 4

 

8 oz

 

Feb 18, 2017-Nov 10, 2017

 

Las Palmas Taco Sauce (Mild)

0 41501 79990 1

 

226g

 

17 FE 18 - 17 NO 10

 

Las Palmas Taco Sauce (Mild) (Canada)

N/A

 

.33 oz

 

Feb 18, 2016 - Nov 3, 2016

 

Ortega Taco Sauce Packets (Foodservice)

 

The recalled products were distributed in retail stores and foodservice outlets nationwide.

 

This recall does not apply to any other sizes or varieties of Ortega Seasoning Mix or to any Ortega Seasoning Mixes in canisters, all of which are correctly labeled.  For example, this recall does not include

 



 

Ortega Fajita Seasoning Mix, Ortega Fish Taco Seasoning Mix, Ortega Chili Seasoning Mix, Ortega Chipotle Seasoning Mix or Ortega Burrito Seasoning Mix, all of which are correctly labeled.  This recall also does not include any Las Palmas Enchilada Sauce, which is correctly labeled.

 

“The safety of our consumers is our number one priority.  We are committed to providing safe, quality products while observing the highest ethical standards in the conduct of our business,” said William Wright, Executive Vice President of Quality Assurance and R&D at B&G Foods.  “The core values that we’ve embodied since the company was founded in the 1800s — honesty, integrity and accountability — guide our actions as we take the appropriate measures to address this issue.”

 

This recall was initiated in consultation with the FDA after it was discovered that ingredients from a single supplier used in the affected products were contaminated with peanut and almond allergens. B&G Foods has since terminated its relationship with this supplier and is receiving these ingredients from other sources in anticipation of resuming production shortly.

 

Consumers who have purchased the recalled products are urged to return them to the place of purchase for a full refund.  Consumers with questions may contact the company’s recall hotline at 877-929-2576 from 8:00 a.m. ET to 8:00 p.m. ET, or visit www.ortega.com for additional information.

 

About B&G Foods

 

B&G Foods, Inc. (NYSE: BGS) and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, branded shelf-stable foods across the United States, Canada and Puerto Rico.  Based in Parsippany, New Jersey, B&G Foods’ products are marketed under many recognized brands, including Ac’cent, B&G, B&M, Baker’s Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary’s, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emeril’s, Grandma’s Molasses, JJ Flats, Joan of Arc, Las Palmas, MacDonald’s, Maple Grove Farms, Molly McButter, Mrs. Dash, New York Flatbreads, New York Style, Old London, Original Tings, Ortega, Pirate’s Booty, Polaner, Red Devil, Regina, Rickland Orchards, Sa-són, Sclafani, Smart Puffs, Spring Tree, Sugar Twin, Trappey’s, TrueNorth, Underwood, Vermont Maid and Wright’s.  B&G Foods also sells and distributes two branded household products, Static Guard and Kleen Guard.

 

Contacts:

 

Media Relations:

Ernest DelBuono

202-973-1318

 


 

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