DOCSLIB.ORG

December 20Th, 2018 Notes-No Quorum

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
December 20Th, 2018 Notes-No Quorum NOTES CENTRALIA INDUSTRIAL DEVELOPMENT COMMISSION MEETING Centralia House Thursday, December 20, 2018 12:00 p.m. Members Present: Dick Cary, Ken Coughlin, Travis Etheridge, Bob Feig, and Ty Orr Members Absent: Dave Agee, Bo Baer, Jack Mann, Bill Sprehe, Lloyd Vestal, Tom Ashby, and Dan Ramey Also Present: Rose Aldag-McVey - Economic Development Director, Steven Stilt – Reporter, Centralia Morning Sentinel, Bruce Kropp - WJBD Radio, and Kevin Elko – Human Resources Manager, Conagra Brands Public Comment: None Approval of Minutes: None due to lack of a quorum Ongoing Business: The Business Appreciation Reception was a success with over 100 area business owners or leaders in attendance. Aldag-McVey thanked the Commission for their efforts in encouraging business activity in the area. New Business: Aldag-McVey introduced Kevin Elko, Human Resource Manager for Conagra Brands, formerly Pinnacle Foods. Elko is from Benton, Illinois and began working as an hourly worker at Continental Tire in Mt. Vernon then moved to Chicago, Mexico, and China as his career progressed with other companies. He has been with Conagra for about a hear and one-half. They package cake mixes, brownie mixes and canned frosting for Duncan Hines; they are the only Duncan Hines plant in the world. With 240-250 employees, they shipped over 16 million cases (twelve mixes per case) in 2018. Pinnacle’s headquarters in New Jersey will close soon as Conagra’s headquarters are in Omaha, Nebraska and Chicago, Illinois. In 2018, the Centralia plant was upgraded with $5 million capital. Elko has been charged with upgrading the talent, they need maintenance techs and skilled labor workers. Conagra is partnering with Kaskaskia College for an intern program and Elko gave input to the new tech training program at KC. The starting pay for maintenance workers is $14.25 with increased levels based upon knowledge. They work 24 hours Monday through Friday. Elko has spoken to area High School classes, participated in Job Fairs, spoken at KC during the Critical Skills Gap Summit, and responds to most requests to engage with potential workforce. Elko offered tours of the plant and noted, for quality control, they must bake every two hours; therefore, fresh baked goods are always in the breakroom. Conagra participates in the community, during the Halloween Parade they gave out over 4,000 boxes of mixes. They also donate box mixes to local good causes. Elko would like to see the plant begin co-packing in the future. Two new restaurants which plan to open in the Crooked Creek Mall were discussed, Jimmy John’s Gourmet Sandwiches and Rosati’s Pizza Restaurant. Discussion: Albanese Cormier is the new owner of Fairview Shopping Center; changes are as follows: Goody’s will become Gordmans, US Bank closed the out building drive-up, and Sears Hometown will close in January. The mall owner is seeking new tenants and has secured short term leases with most current tenants. Small Business Development Center Day at Centralia City Hall will be April 3, 2019. Aldag-McVey reported that City Manager Ramey has met with the Illinois Department of Transportation and Centralia will receive funding for multiple road projects over the next years. Centralia is seeing positive growth; Aldag-McVey shared information reported by Ramey during the budget work session: compared to a few years ago, sales tax revenue received by the City has risen by $300,000 which extrapolates to an additional $30 million in actual sales. Many other rural communities are seeing sales tax revenue go down. Respectfully Submitted, Rose Aldag-McVey .
Load more

Recommended publications
  • Pinnacle Foods Inc. 2016 Annual Report
    PINNACLE FOODS INC. FOODS PINNACLE 2016 ANNUAL REPORT ANNUAL 2016 399 Jefferson Road • Parsippany, NJ 07054 PINNACLE FOODS INC. 2016 ANNUAL REPORT pinnaclefoods.com 98199_Pinnacle_Cover.indd 1 4/5/17 3:36 PM 2016 HIGHLIGHTS CORPORATE & INVESTOR INFORMATION (in millions except per share) 2015 2016 Change Net Sales $2,656 $3,128 +17.8% Headquarters Dividends Pinnacle Foods Inc. Dividends are paid quarterly in January, Adjusted Gross Profit $750 $921 +22.8% 399 Jefferson Road April, July and October. % Net Sales 28.2% 29.4% +120 bps Parsippany, NJ 07054 (973) 541-8620 Adjusted EBIT $443 $539 +21.6% www.pinnaclefoods.com Independent Registered Public Accounting Firm % Net Sales 16.7% 17.2% +50 bps Deloitte & Touche LLP Adjusted Net Earnings $225 $254 +12.8% Stock Exchange Listing Parsippany, NJ New York Adjusted Diluted EPS $1.92 $2.15 +12.0% Ticker Symbol: PF Diluted Shares Outstanding 117.3 118.2 +0.8% Corporate News and Reports A wide range of information about the Free Cash Flow1 $265 $387 +$122 Investor Relations Company, including news releases, Maria Sceppaguercio financial reports, investor information, Senior Vice President, Investor Relations corporate governance and career email: [email protected] opportunities are available on our website: website: http://investors.pinnaclefoods.com www.pinnaclefoods.com 2016 was another good year (973) 434-2924 for Pinnacle, demonstrating the Printed materials such as the Annual Report enduring nature of our business on SEC Form 10-K and quarterly reports on model and value creation strategy. Virtual Annual Meeting of Stockholders SEC Form 10-Q may be requested via our The annual meeting of stockholders website or by calling (973) 434-2924.
    [Show full text]
  • United States District Court Northern District of Illinois Eastern Division
    Case: 1:19-cv-02550 Document #: 1 Filed: 04/15/19 Page 1 of 28 PageID #:1 UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION HOUSTON MUNICIPAL EMPLOYEES Case No. ____ PENSION SYSTEM, Individually and On Behalf of All Others Similarly Situated, CLASS ACTION COMPLAINT FOR VIOLATION OF THE FEDERAL Plaintiff, SECURITIES LAWS v. JURY TRIAL DEMANDED CONAGRA BRANDS, INC., SEAN M. CONNOLLY, and DAVID S. MARBERGER Defendants. Plaintiff Houston Municipal Employees Pension System (“Plaintiff”) alleges upon personal knowledge as to allegations specifically pertaining to Plaintiff and, as to all other matters, upon the investigation of counsel, which included, without limitation: (a) review and analysis of public filings made by Conagra Brands, Inc. (“Conagra” or the “Company”) and other related parties and non-parties with the United States Securities and Exchange Commission (“SEC”); (b) review and analysis of press releases and other publications disseminated by certain of the Defendants and other related non-parties; (c) review of news articles, shareholder communications, conference calls and postings on Conagra’s website concerning the Company’s public statements; and (d) review of other publicly available information concerning Conagra and the Individual Defendants (as defined below). I. NATURE OF THE ACTION 1. This is a federal securities class action against Conagra and certain of its officers for violations of the federal securities laws. Plaintiff brings this action on behalf of all persons or entities that purchased or otherwise acquired Conagra common stock from June 27, 2018 through Case: 1:19-cv-02550 Document #: 1 Filed: 04/15/19 Page 2 of 28 PageID #:2 December 19, 2018, inclusive (the “Class Period”), including legacy Pinnacle Foods, Inc.
    [Show full text]
  • Talbott Final Draft 4.Docx
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by KU ScholarWorks SENSES OF TASTE: DUNCAN HINES AND AMERICAN GASTRONOMY, 1931-1962 BY Copyright 2013 Damon L. Talbott Submitted to the graduate degree program in American Studies and the Graduate Faculty of the University of Kansas in partial fulfillment of the requirements for the degree of Doctor of Philosophy. ________________________________ Chairperson, Ann Schofield ________________________________ Ben Chappell ________________________________ Christopher E. Forth ________________________________ Eric C. Rath ________________________________ Iris Smith Fischer Date Defended: June 5, 2013 ii The Dissertation Committee for Damon L. Talbott certifies that this is the approved version of the following dissertation: SENSES OF TASTE: DUNCAN HINES AND AMERICAN GASTRONOMY, 1931-1962 ________________________________ Chairperson, Ann Schofield Date approved: June 5, 2013 iii ABSTRACT Duncan Hines was the first national restaurant critic in American history and a significant tastemaker in popular culture. This dissertation is an accounting of how senses of taste were formed in the middle of the twentieth century in the United States and how Duncan Hines aided this process. Conceiving of taste as a conjoining of physical sensations and cultural sense by mediators, I argue that Hines guided consumers and producers through the practice of making sense of momentous changes in society that influenced Americans’ eating habits as well as their awareness of American foodways. Hines gained and maintained cultural authority because his criticism networked developing mid-century trends including automobility, consumerism, middlebrow criticism, regionalism, suburbanization, the popularity of “eating out,” the professionalization of restaurants, the nationalization of media, the discourse of authenticity, and the continued evolution of technologies for the growing, processing, shipping, selling, and cooking of food.
    [Show full text]
  • Conagra Brands Annual Report 2019
    Conagra Brands Annual Report 2019 Conagra Brands, Inc., Annual Report 2019 Inc., Brands, Conagra 222 Merchandise Mart Plaza Suite 1300 Chicago, IL 60654 ©Conagra Brands, Inc. All rights reserved. 66397_AR2019_Cover.indd 1 7/23/19 11:31 AM DEARDEAR FELLOWFELLOW SHARSHAREHOEHOLDERSLDERS BOARDBOARD OFOF DIRECTORSDIRECTORS LEADERSHIPLEADERSHIP InIn eacheach ofof thethe lastlast fourfour years,years, mymy letterletter toto youyou hashas focusedfocused ofof netnet salessales growth.growth. OurOur fiscalfiscal 20192019 grossgross profitprofit increasedincreased AnilAnil AroraArora RichardRichard H.H. LennyLenny SeanSean ConnollyConnolly onon aa commoncommon theme:theme: thethe incredibleincredible transformationtransformation 12.8%,12.8%, againagain drivendriven byby thethe PinnaclePinnacle acquisition.acquisition. AdjustedAdjusted DirectorDirector andand FormerFormer ViceVice ChairmanChairman ofof FormerFormer ChairmanChairman andand ChiefChief ExecutiveExecutive ChiefChief ExecutiveExecutive OfficerOfficer underunder wayway herehere atat ConagraConagra Brands.Brands. ThisThis year’syear’s letterletter grossgross profitprofit increasedincreased 15.5%.15.5%.22 TheThe impactimpact ofof ourour financingfinancing Envestnet,Envestnet, Inc.;Inc.; FormerFormer ChiefChief ExecutiveExecutive OfficerOfficer ofof TheThe HersheyHershey CompanyCompany andand PresidentPresident willwill notnot breakbreak fromfrom thatthat tradition.tradition. DuringDuring fiscalfiscal 2019,2019, wewe forfor thethe PinnaclePinnacle acquisitionacquisition ledled toto aa 21.5%21.5%
    [Show full text]
  • These Great Buys, Just
    Prices Effective Friday 1/31/20 all these great buys, just Thru Thursday 2/6/20 Stonington, ME We’ve Got What You Need, When You Need It, Always At A Great Price! Deer Isle, ME We're your local Best Yet Market. Great Taste, Amazing Value Buy 1 or Buy 10... mix & match throughout the store! Fresh Grade A Chicken Tenders 99 1 Lb. 1893 USDA 100% All Natural 1893 USDA 100% Premium Whole Boneless Beef Center Cut Steakhouse Pork Loin Tips Custom Cut For Free 99 99 1 Lb. 6 lb. Banquet Frozen Chef Boyardee Pasta Fresh Delmonte Sweet Brown 'N Serve Assorted Varieties, 14-15 Oz. Can or Tropical Hass Large Sausage 7.25-7.5 Oz. Microwave Bowl Avocados Mag Melons Links or Patties Great For Guacamole! Sweeter than Cantaloupe! Assorted Varieties, 6.4 Oz. Best Yet Bathroom Tissue ¢ $ Excludes Beef 4 Regular Rolls Ea. For Best Yet Facial Tissues 79 2 3 110 Count Flat Box Celeste Frozen Pizza For One Assorted Varieties, 4.4-6 Oz. Pkg. Swanson Pot Pie Pepsi, Diet Pepsi Frozen, Chicken or Turkey 7 Oz. Pkg. Rice-A-Roni or Duncan Hines Birds Eye Frozen Doritos or Mtn Dew Pasta-Roni Brownie Mix Vegetables Tortilla Chips Assorted Varieties Dannon Greek Yogurt Assorted Varieties Assorted Varieties Assorted Varieties Assorted Varieties 6 Pack, 16.9 Oz. Bottles 4.7-7.2 Oz. Box or 1.97-2.48 Oz. Cup 18-18.3 Oz. Box 10-16 Oz. Pkg. 9.25-11.5 Oz. Bag Plus Tax & Deposit Assorted Varieties, 5.3 Oz.
    [Show full text]
  • PINNACLE FOODS INC. (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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): December 15, 2016 PINNACLE FOODS INC. (Exact Name of Registrant as Specified in its Charter) Delaware 001-35844 35-2215019 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 399 Jefferson Road, Parsippany, New Jersey 07054 (Address of Principal Executive Offices) (Zip Code) 973-541-6620 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) 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: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ 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. On December 15, 2016, Pinnacle Foods Inc. (the “Company”) hosted an investor luncheon and presentation in New York City. A copy of the visual presentation substantially in the form used by the Company’s management is being furnished as Exhibit 99.1 to this report and is incorporated herein by reference. This information and the exhibit attached hereto are being “furnished” pursuant to Item 7.01 and in accordance with general instruction B.2 to Form 8-K shall not be deemed “filed” with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities under that section, nor shall such information be deemed to be incorporated by reference into any filings under the Securities Act of 1933.
    [Show full text]
  • Palm Oil Card 2020
    Make a dierence! How can I help? How can I help? Read labels when you shop. Choose products made by • Demand clear labeling for products The choices that you make can Roundtable on Sustainable Palm Oil that contain sustainable palm oil. aect orangutans. (RSPO) member companies. They have made a commitment to • Urge companies that are not RSPO move toward using sustainable members to join and make a What is palm oil? palm oil in their products. commitment to sustainable palm oil. Palm oil (or palmitate) is a very RSPO Member Companies* common ingredient in everyday food, household, and beauty Avon L'Oreal products, including baked goods, Burger King Mars, Incorporated Costco Wholesale McDonald’s convenience and snack foods, Dunkin’ Nestlé candy, non-dairy products, Estée Lauder PepsiCo cosmetics, and soaps. General Mills Pizza Hut Girl Scouts of the USA Seventh Generation Hershey‘s Shearer’s Foods J.M. Smucker Target Non-sustainable palm oil Johnson & Johnson Tyson Foods Kellogg Walmart production destroys Kraft Heinz Co. Wendy’s rain forests and is devastating to January 2020 orangutans and other wildlife. *Partial list RSPO Member Products (Food) Doublemint Gum Hellmann's Lifesavers Pam Skippy Top Ramen Dove Chocolates Hidden Valley Lindt Candy Parkay SlimFast Tostitos Dreyer’s Ice Cream Honey Maid Log Cabin Syrup Pepperidge Farm SlimJim Trident Gum A1 Sauce Bomb Pops Duncan Hines Hot/Lean Pockets Magnum Ice Cream Peter Pan Sour Patch Kids Triscuit Act II Boost Earth Balance Hungry Man Manwich P.F. Chang’s Soy DREAM Trophy Nut Activia
    [Show full text]
  • Hillshire Brands to Buy Pinnacle Foods for $4.3B
    Deal of the Week: Hillshire Brands to Buy Pinnacle Foods for $4.3B Announcement Date May 12, 2014 Acquirer The Hillshire Brands Company (NYSE: HSH) Acquirer Description Manufactures and markets meat‐centric food solutions worldwide. Sells its products under several brand names including Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee, and Chef Pierre Formerly known as Sara Lee Corporation, the company changed its name to The Hillshire Brands Company in June 2012 The Hillshire Brands Company was founded in 1939 and is headquartered in Chicago, Illinois Acquirer Financial Mkt Cap: $4.5 billion LTM EBITDA: $541.0 million Statistics EV: $5.1 billion LTM EV / Revenue: 1.3x LTM Revenue: $4.0 billion LTM EV / EBITDA: 9.4x Target Company Pinnacle Foods (NYSE: PF) Target Description Manufactures, markets, and distributes branded convenience food products in North America. Operates through three segments: Birds Eye Frozen, Duncan Hines Grocery and Specialty Foods Based in Parsippany, New Jersey Price / Consideration Price: $4.3 billion Consideration: Cash & Stock Acquirer Advisors Centerview Partners and Goldman Sachs Target Advisors Bank of America Merrill Lynch and Blackstone Advisory Partners Rationale The deal will combine Pinnacle, which owns brands including Duncan Hines and Log Cabin syrup, with Hillshire, which has brands including Jimmy Dean and Sara Lee Together, the companies will have annual revenue of about $6.6 billion The combination with Hillshire is expected to produce $140 million in annual savings from improving the supply chain and consolidating expenses Deal Points Pinnacle stockholders will receive $18 in cash for each share held, along with 0.50 of a Hillshire share for each Pinnacle share.
    [Show full text]
  • FY20 Q1 Earnings Presentation
    FY20 Q1 Earnings Presentation September 26, 2019 Today’s Presenters Brian Kearney Investor Relations Sean Connolly President and Chief Executive Officer Dave Marberger Chief Financial Officer Legal Disclosure Note on Forward-looking Statements This document contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Readers of this document should understand that these statements are not guarantees of performance or results. Many factors could affect our actual financial results and cause them to vary materially from the expectations contained in the forward-looking statements, including those set forth in this document. These risks, uncertainties, and factors include, among other things: the risk that the cost savings and any other synergies from the acquisition of Pinnacle (the “acquisition”) may not be fully realized or may take longer to realize than expected; the risk that the acquisition may not be accretive within the expected timeframe or to the extent anticipated; the risks that the acquisition and related integration will create disruption to the Company and its management and impede the achievement of business plans; the risk that the acquisition will negatively impact the ability to retain and hire key personnel and maintain relationships with customers, suppliers, and other third parties; risks related to our ability to successfully address Pinnacle’s business
    [Show full text]