THOMASVILLE, Ga., May 5, 2020 /PRNewswire/ -- Flowers Foods,
Inc. (NYSE: FLO), producer of Nature's Own, Wonder,
Tastykake, Dave's Killer Bread, and other bakery
foods, today announced that it will hold its Annual Meeting of
Shareholders in a virtual meeting format via webcast, in place of a
physical gathering. The company made the change due to the public
health impact of the novel coronavirus (COVID-19) and to support
the well-being of its shareholders, employees, and their
families.
The annual meeting will be held on Thursday, May 21, 2020, as originally announced.
The time of the meeting has been changed to 2:00 p.m., Eastern Time. Shareholders of record
at the close of business on March 19,
2020 are eligible to attend the webcast and vote at
www.virtualshareholdermeeting.com/FLO2020. To attend, shareholders
must enter the 16-digit control number found on their proxy card,
voting instruction form, or notice of internet availability of
proxy materials previously received.
For additional information regarding how shareholders may
attend, participate in or vote at the annual meeting, please refer
to Flowers Foods' supplemental proxy materials filed today with the
Securities and Exchange Commission.
About Flowers Foods
Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE:
FLO) is one of the largest producers of packaged bakery foods in
the United States with 2019 sales
of $4.1 billion. Flowers operates
bakeries across the country that produce a wide range of bakery
products. Among the company's top brands are Nature's Own,
Dave's Killer Bread, Wonder, and Tastykake.
Learn more at www.flowersfoods.com.
Forward-Looking Statements
Statements contained in
this press release that are not historical facts are
forward-looking statements. Forward-looking statements relate to
current expectations regarding our future financial condition,
performance and results of operations and the anticipated impact of
COVID-19 on our business, profitability or results of operations
and are often identified by the use of words and phrases such as
"anticipate," "believe," "continue," "could," "estimate," "expect,"
"intend," "may," "plan," "predict," "project," "should," "will,"
"would," "is likely to," "is expected to" or "will continue," or
the negative of these terms or other comparable terminology. All
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ from those projected.
Other factors that may cause actual results to differ from the
forward-looking statements contained in this release and that may
affect the company's prospects in general include, but are not
limited to, (a) the effects of global, political, market, health
and other conditions, including the impact of COVID-19 and measures
or voluntary actions, including social distancing,
shelter-in-place, shutdowns of nonessential or other businesses,
such as any of our production or warehouse facilities, and similar
measures imposed by governmental or regulatory authorities or
undertaken by us in an effort to combat the spread of COVID-19; (b)
general economic and business conditions and the competitive
conditions in the baked foods industry, including promotional and
price competition, (c) changes in consumer demand for our products,
including changes in consumer behavior, trends and preferences,
including health and whole grain trends, and the movement toward
more inexpensive store-branded products, (d) the success of
productivity improvements and new product introductions, (e) a
significant reduction in business with any of our major customers
including a reduction from adverse developments in any of our
customer's business, (f) fluctuations in commodity pricing, (g)
energy and raw material costs and availability and hedging and
counterparty risk, (h) our ability to fully integrate recent
acquisitions into our business, (i) our ability to achieve cash
flow from capital expenditures and acquisitions and the
availability of new acquisitions that build shareholder value, (j)
our ability to successfully implement our business strategies,
including those strategies the company has initiated under Project
Centennial, which may involve, among other things, the integration
of recent acquisitions or the acquisition or disposition of assets
at presently targeted values, the deployment of new systems and
technology and an enhanced organizational structure, (k)
consolidation within the baking industry and related industries,
(l) disruptions in our direct-store delivery system, including
litigation or an adverse ruling from a court or regulatory or
government body that could affect the independent contractor
classification of our independent distributors, (m) increasing
legal complexity and legal proceedings that we are or may become
subject to, (n) product recalls or safety concerns related to our
products, and (o) the failure of our information technology systems
to perform adequately, including any interruptions, intrusions or
security breaches of such systems. The foregoing list of important
factors does not include all such factors, nor necessarily present
them in order of importance. In addition, you should consult other
public disclosures made by the company, including the risk factors
included in our most recently filed Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q filed with the Securities and
Exchange Commission ("SEC") and disclosures made in other filings
with the SEC and company press releases, for other factors that may
cause actual results to differ materially from those projected by
the company. We caution you not to place undue reliance on
forward-looking statements, as they speak only as of the date made
and are inherently uncertain. The company undertakes no obligation
to publicly revise or update such statements, except as required by
law.
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SOURCE Flowers Foods, Inc.