Lancaster Colony ( (LANC) ) has issued an update.
Lancaster Colony Corporation’s subsidiary, T. Marzetti Company, has outlined a detailed severance agreement as Carl R. Stealey departs without cause. During a transition period, Stealey will continue to receive regular compensation and benefits, and post-departure, he will gain severance pay, insurance subsidies, bonuses, and stock awards. The agreement also includes confidentiality and non-solicitation clauses, ensuring a smooth and professionally managed transition.
For detailed information about LANC stock, go to TipRanks’ Stock Analysis page.