In 2020, Kenneth G. Romanzi earned $1.19M in total compensation at B&G Foods, including $801.45K salary and $326.24K in stock. Most recently acquired 19,772 shares in Mar 2020. Currently holds stock worth $237.47K. Led B&G Foods as CEO for 1 years.
Compensation History
Annual executive compensation data for Kenneth G. Romanzi, including salary, bonuses, and stock awards.
Year
2020
Total Compensation
$1.19M
Salary
$801.45K
Bonus
$0.00
Other
$57.44K
Salary
$801.45KBoard Justification
The compensation committee aims to provide incentives for superior performance in a given year and over a sustained period by paying fair, reasonable and competitive compensation, and by basing a significant portion of our total compensation package upon achieving that performance.
Bonus
$0.00Board Justification
Pursuant to the terms of his separation agreement, Mr. Romanzi was deemed to have achieved his individual objectives at an achievement percentage of 100%, and therefore, based upon our company's achievement of the maximum performance objective, received 100% of his maximum bonus award under the annual bonus plan for fiscal 2020.
Other Compensation
$57.44KBoard Justification
Includes salary continuation payments, automobile allowance, and other post-employment benefits.
Restricted Stock
Board Justification
The stock awards include the aggregate grant date fair value of performance share LTIAs granted in that year reduced by the present value of expected dividends using the risk-free interest-rate, and the aggregate grant date fair value of restricted stock, if any, granted in that year.
Performance Metrics
The fiscal 2020 adjusted EBITDA (net of acquisition financing costs) threshold, target and maximum performance objectives were $287.4 million, $302.5 million and $326.7 million. Our company's fiscal 2020 adjusted EBITDA (net of acquisition financing costs) of $360.3 million exceeded the maximum performance objective amount.
Kenneth G. Romanzi
Ex-CEO of B&G Foods
Education
Bachelor's degree in Marketing from Babson College
Field of Expertise
Sales & Marketing - Marketing
Sector of Economy
Consumer Defensive
Born
January 1, 1960 - 65 years ago
CEO of B&G Foods for
1 year 7 months (Apr 2019 - Nov 2020)
Previous Experience
President, fresh foods at WhiteWave Foods Corp.
Holdings
Track Kenneth G. Romanzi's stock holdings and portfolio value over time.
Insider Trading
Kenneth G. Romanzi's recent stock transactions, purchases, and sales filed with the SEC.
19,772 shares
BGS
Mar 25, 2020
Received
32,059 shares
BGS
Apr 1, 2019
Received
$29.57K
BGS at $24.64/share
Mar 4, 2019
Purchase
Rivals
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