3 unchanged sentences
Our principal executive offices are located at 380 Polaris Parkway, Suite 400, Westerville, Ohio 43082 and our telephone number is 614-224-7141.
−Removed: Our vision is to be The Better Food Company – better people, driven by purpose, making better food, in a better more collaborative culture, working in unison to make the world around us a little bit better place, every day – while fulfilling our corporate purpose To Nourish Growth With All That We Do .
+Added: Our vision is to be The Better Food Company – the industry leader in creating great tasting food and cultivating deep and lasting relationships with customers and consumers – while fulfilling our corporate purpose To Nourish Growth With All That We Do .
Our company goals are to bring delicious food to the table and to deliver top quartile financial performance and top quartile product quality, safety and customer satisfaction while attracting, retaining and rewarding top quartile people.
33 unchanged sentences
The vast majority of the products we sell in the Retail segment are sold through sales personnel, food brokers and distributors in the United States.
−Removed: We have placement of products in grocery produce departments through our refrigerated salad dressings, vegetable dips and fruit dips.
−Removed: We also have products typically marketed in the shelf-stable section of the grocery store, which include salad dressings, slaw dressing, sauces and croutons.
+Added: We have products typically marketed in the shelf-stable section of the grocery store, which include licensed sauces and dressings, along with our own branded salad dressings and croutons.
Within the frozen food section of the grocery store, we sell yeast rolls and garlic breads.
+Added: We also have placement of products in grocery produce departments through our refrigerated salad dressings, licensed dressings, vegetable dips and fruit dips.
Our top five Retail customers accounted for 59%, 59% and 57% of this segment’s total net sales in 2024, 2023 and 2022, respectively.
6 unchanged sentences
The resulting impacts on working capital are not significant.
−Removed: We do not utilize any franchises or concessions.
In addition to the owned and licensed trademarked brands discussed above, we also own and operate under innumerable other intellectual property rights, including patents, copyrights, formulas, proprietary trade secrets, technologies, know-how processes and other unregistered rights.
1 unchanged sentence
Foodservice Segment
−Removed: The majority of our Foodservice sales are products sold under private label to restaurants.
+Added: The majority of our Foodservice sales are products sold under private label to national chain restaurant accounts.
We also manufacture and sell various branded Foodservice products to distributors.
8 unchanged sentences
The vast majority of the products we sell in the Foodservice segment are sold through sales personnel, food brokers and distributors in the United States.
−Removed: Most of the products we sell in the Foodservice segment are custom-formulated and include salad dressings, sandwich and dipping sauces, frozen breads and yeast rolls.
+Added: Most of the products we sell in the Foodservice segment are custom-formulated sauces, salad dressings, frozen breads and yeast rolls.
Our top five Foodservice direct customers accounted for 53%, 58% and 58% of this segment’s total net sales in 2024, 2023 and 2022, respectively.
1 unchanged sentence
In the Foodservice segment, sales growth results from general volume gains or geographic expansion of our established customer base, and we also grow our business with existing and new customers by leveraging our culinary skills and experience to support the development of new products and menu offerings.
−Removed: Strategic acquisitions are also part of our future growth plans, with a focus on fit and value.
+Added: Strategic acquisitions may also contribute to the future growth of the Foodservice segment, with a focus on fit and value.
The operations of this segment are not affected to any material extent by seasonal fluctuations.
−Removed: We do not utilize any franchises or concessions.
We own and operate under innumerable intellectual property rights, including patents, copyrights, formulas, proprietary trade secrets, technologies, know-how processes and other unregistered rights.
8 unchanged sentences
McLane orders our products on behalf of these national chain restaurants, and we invoice McLane for these sales.
+Added: The 2024 decline in sales to McLane primarily reflects certain national chain restaurant accounts shifting their purchases from McLane to other distributors or to direct purchases.
Our relationship with Chick-fil-A, Inc.
17 unchanged sentences
Most of these plants produce products for both the Retail and Foodservice segments.
−Removed: Efficient and cost-effective production remains a key focus as evidenced by our lean six sigma initiative.
+Added: Efficient and cost-effective production remains a key focus as evidenced by our cost savings initiatives.
Certain items are also manufactured and packaged by third parties located in the United States, Canada and Europe.
10 unchanged sentences
Of those employees, 22% are represented under various collective bargaining contracts and 8% are represented under a collective bargaining contract that will expire within one year.
−Removed: Our people are essential to our vision to be The Better Food Company — better people, driven by purpose, making better food, in a better more collaborative culture, working in unison to make the world around us a little bit better place, every day.
−Removed: The honesty, integrity and sound judgment of our people in following our Code of Business Ethics are what enable us to be successful and live our company’s purpose To Nourish Growth With All That We Do .
+Added: Our people are essential to our vision to be The Better Food Company — the industry leader in creating great tasting food and cultivating deep and lasting relationships with customers and consumers.
+Added: The honesty, integrity and sound judgment of our people in following our Code of Business Ethics are what enable us to be successful and fulfill our company’s purpose To Nourish Growth With All That We Do .
Consistent with this purpose, our human capital management strategy emphasizes six key areas of focus:
3 unchanged sentences
Employee Engagement;
−Removed: Diversity, Equity and Inclusion (“DEI”);
+Added: Diversity and Inclusion;
and Community Engagement.
20 unchanged sentences
Based on feedback from the survey, management develops and implements plans to address the primary areas of opportunity that have been identified by employees.
−Removed: Diversity, Equity and Inclusion
+Added: Diversity and Inclusion
We foster a collaborative working environment where all our employees can thrive and feel they belong.
−Removed: We believe our commitment to diversity, equity, inclusion and belonging enhances our ability to attract and retain a high-performing and diverse team.
−Removed: We monitor the diversity of our organization to identify areas of improvement, advance our DEI strategy and measure the effectiveness of our efforts.
+Added: We believe our commitment to diversity, inclusion and belonging enhances our ability to attract and retain a high-performing and diverse team.
+Added: We monitor the diversity of our organization to identify areas of improvement and measure the effectiveness of our efforts.
Our goal is to establish a continuous improvement trend.
1 unchanged sentence
In 2020, we adopted our Diversity Hiring Statement, which sets out our pledge to include women and minorities in the pool of candidates for new leadership positions.
−Removed: We have already seen a positive impact with the percentage of women at levels of Vice President and above increasing by 58% from January 2020 to January 2023 and the percentages of non-white representation for positions of director and above nearly doubling in the same period.
−Removed: To unlock opportunities for high school students from diverse backgrounds, we have committed to a work-study program that provides tuition support and work-study mentorship to high school students from low-income families.
−Removed: We also encourage employee-led initiatives to promote diversity within the organization.
+Added: We have already seen a positive impact with the percentage of women at levels of Vice President and above doubling from January 2020 to January 2024 and the percentages of non-white representation for positions of director and above nearly doubling in the same period.
+Added: We encourage employee-led initiatives to promote diversity within the organization.
Several employee resource groups (“ERGs”) have been established in the last few years.
−Removed: These affinity-based groups provide a support network for colleagues from diverse backgrounds and help to raise awareness of DEI topics.
−Removed: Each of our ERGs is sponsored by a member of our leadership team to ensure top-down accountability for our DEI initiatives.
+Added: These affinity-based groups provide a support network for colleagues from diverse backgrounds.
+Added: Each of our ERGs is sponsored by a member of our leadership team to ensure top-down accountability for the associated initiatives.
Community Engagement
9 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.