Diamond Foods Announces Results of Annual Meeting
January 14 2013 - 5:15PM
Diamond Foods, Inc. (Nasdaq:DMND) today announced the results of
voting at its annual meeting of stockholders, which was held today.
At the meeting, stockholders approved all the proposals recommended
by the Company's Board of Directors in its proxy statement dated
December 10, 2012, including:
- The election of Alison Davis, Brian J. Driscoll and Nigel A.
Rees as Class I directors to serve on the Company's Board of
Directors until the 2015 annual meeting, and Robert M. Lea, Matthew
C. Wilson and William L. Tos, Jr. to serve as Class II directors
until the 2016 annual meeting;
- The ratification of the appointment of Deloitte & Touche
LLP as the Company's independent registered public accounting firm
for the fiscal year ended July 31, 2012;
- Approving, on an advisory basis, the compensation paid to
Company-named executive officers, known as the "Say-on-Pay" vote;
and
- Selecting, on an advisory basis, annual frequency for future
Say-on-Pay votes.
Diamond also confirmed that with the expiration of the terms of
Directors Laurence M. Baer and Glen C. Warren, Jr., the size of its
Board has now been reduced to nine members. Robert Zollars
continues to serve as Diamond's Chairman of the Board, and,
beginning today, the membership of the committees of the Board of
Directors will be as follows:
- Audit Committee - Nigel Rees (Chair), Alison Davis and Dean
Hollis
- Compensation Committee - Alison Davis (Chair), Ed Blechschmidt
and Robert Zollars
- Nominating and Governance Committee - Ed Blechschmidt (Chair),
Robert Zollars and Dean Hollis
"I would like to thank Larry Baer and Glen Warren for their
service to the Company as long-time Directors on our Board and
express our appreciation for their leadership and expertise during
their years of service," said Robert J. Zollars, Diamond's Chairman
of the Board.
The Diamond Foods Board of Directors also approved the continued
appointment of the following executive officers of the Company:
Andrew Burke |
David Colo |
Executive Vice President |
Executive Vice President |
Chief Marketing Officer |
Global Operations and Supply Chain |
|
|
Lloyd Johnson |
Stephen Kim |
Executive Vice President |
Senior Vice President |
Chief Sales Officer |
General Counsel |
|
|
Michael Murphy |
Linda Segre |
Interim Chief Financial Officer |
Senior Vice President |
|
Corporate Strategy and Human
Resources |
About Diamond Foods
Diamond Foods is an innovative packaged food company focused on
building and energizing brands including Kettle Brand® Chips,
Emerald® snack nuts, Pop Secret® popcorn and Diamond of California®
nuts. Diamond's products are distributed in a wide range of stores
where snacks and culinary nuts are sold. For more information
visit our corporate web site: www.diamondfoods.com.
The Diamond Foods, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6112
CONTACT: Investors:
Diamond Foods
Linda Segre
SVP, Corporate Strategy
(415) 230-7952
lsegre@diamondfoods.com
Media:
Sard Verbinnen & Co for Diamond Foods
Lucy Neugart/Alyssa Linn
(415) 618-8750
lneugart@sardverb.com
alinn@sardverb.com
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