Key Developments: Snyder's-Lance Inc (LNCE.OQ)

LNCE.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Snyder's-Lance Inc Declares Quarterly Cash Dividend
Tuesday, 7 May 2013 06:00am EDT 

Snyder's-Lance Inc announced the declaration of a quarterly cash dividend of $0.16 per share on the Company's common stock. The dividend is payable on May 30, 2013 to stockholders of record at the close of business on May 22, 2013.  Full Article

Snyder's-Lance Inc Reaffirms FY 2013 Guidance
Tuesday, 7 May 2013 06:00am EDT 

Snyder's-Lance Inc reaffirmed fiscal 2013 guidance and expects net revenue to be up 10% to 12% when compared to 2012. The Company expects earnings per diluted share (EPS) to increase between 22% and 32%, excluding special items, compared to 2012 . The Company reported revenue of $1.62 billion and EPS of $0.95 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.78 billion and EPS of $1.21 for fiscal 2013.  Full Article

Levi & Korsinsky, LLP Launches Investigation into Possible Breaches of Fiduciary Duty by Board of Directors of Snyder's-Lance Inc
Friday, 15 Mar 2013 04:14pm EDT 

Levi & Korsinsky, LLP announced that it is investigating Snyder's-Lance Inc, and its Board of Directors, in connection with possible claims of breaches of fiduciary duty.  Full Article

Faruqi & Faruqi, LLP Is Investigating Snyder's-Lance Inc On Behalf Of Its Shareholders
Wednesday, 13 Mar 2013 08:30am EDT 

Faruqi & Faruqi, LLP announced that it is investigating potential claims against the board of directors of Snyder's Lance, Inc. (Snyder's-Lance or the Company) concerning possible breaches of fiduciary duty and other violations of law related to the Company's compensation packages for its executive officers. The investigation focuses on the approval and awarding of certain stock options to executives that may have violated the Company's compensation plans.  Full Article

Snyder's-Lance Inc Announces Plant Closing In Cambridge, Ontario
Monday, 25 Feb 2013 04:30pm EST 

Snyder's-Lance Inc announced plans to close its bakery facility in Cambridge, Ontario effective May 17, 2013. Snyder's-Lance conducted a comprehensive review of current manufacturing facilitates including capacity, capabilities and distribution costs to key markets. Based on that review, management has decided to close the Cambridge facility in order to reduce operating costs while consolidating production into other existing manufacturing sites. The Company is providing impacted associates with severance and outplacement benefits as well as the opportunity to be considered for jobs that may exist in other Snyder's-Lance facilities.  Full Article

Snyder's-Lance Inc Issues FY 2013 Guidance; EPS Guidance Below Analysts' Estimates
Tuesday, 12 Feb 2013 06:00am EST 

Snyder's-Lance Inc announced that for fiscal 2013, it expects net revenue to be up 10% to 12% when compared to 2012. The Company expects earnings per diluted share (EPS) to increase between 22% and 32% compared to 2012 earnings per diluted share, excluding special items. The Company reported revenue of $1.62 billion and EPS of $0.95 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.80 billion and EPS of $1.26 for fiscal 2013.  Full Article

Snyder's-Lance Inc Declares Dividend
Tuesday, 12 Feb 2013 06:00am EST 

Snyder's-Lance Inc announced the declaration of a quarterly cash dividend of $0.16 per share on the Company's common stock. The dividend is payable on March 6, 2013 to stockholders of record at the close of business on February 27, 2013.  Full Article

Snyder's-Lance Inc Announces Board Changes
Monday, 14 Jan 2013 08:00am EST 

Snyder's-Lance Inc announced that David V. Singer, the Company's Chief Executive Officer, has elected to retire from his CEO role following the Company's annual meeting of stockholders on May 3, 2013. The Company's Board of Directors has named Carl E. Lee, Jr., who has served as President and Chief Operating Officer, to succeed Mr. Singer as Chief Executive Officer.  Full Article

Snyder's-Lance Inc Declares Quarterly Cash Dividend
Wednesday, 7 Nov 2012 06:00am EST 

Snyder's-Lance Inc announced the declaration of a quarterly cash dividend of $0.16 per share on the Company's common stock. The dividend is payable on November 30, 2012 to stockholders of record at the close of business on November 20, 2012.  Full Article

Snyder's-Lance Inc Reaffirms FY 2012 Revenue Guidance; Lowers High End Of Prior FY 2012 EPS Guidance To A Range Below Analysts' Estimates
Wednesday, 7 Nov 2012 06:00am EST 

Snyder's-Lance Inc announced that it expects net revenue for fiscal 2012, including Snack Factory and the IBO impact, will be flat to about 2% down when compared to fiscal 2011. Estimates for earnings per diluted share are expected to increase between 30% and 35% as compared to fiscal 2011, including the impact of Snack Factory. The Company reported revenue of $1.635 billion and EPS of $0.70 in fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.626 billion and EPS of $0.95 for fiscal 2012.  Full Article

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