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United States

Sanderson Farms Inc (SAFM.OQ)

SAFM.OQ on NASDAQ Stock Exchange Global Select Market

119.92USD
23 Feb 2018
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Summary

Name Age Since Current Position

Joe Sanderson

70 2004 Chairman of the Board, Chief Executive Officer

Lampkin Butts

66 2004 President, Chief Operating Officer, Director

David Cockrell

60 1998 Chief Financial Officer, Treasurer, Director

Timothy Rigney

52 2012 Chief Accounting Officer, Secretary

Phil Livingston

74 2009 Lead Independent Director

John Baker

76 1994 Independent Director

Frederick Banks

75 2007 Independent Director

John Bierbusse

62 2006 Independent Director

Toni Cooley

57 2007 Independent Director

Beverly Hogan

66 2004 Independent Director

Robert Khayat

79 2007 Independent Director

Suzanne Mestayer

65 2017 Independent Director

Dianne Mooney

74 2007 Independent Director

Gail Pittman

64 2002 Independent Director

Biographies

Name Description

Joe Sanderson

Mr. Joe F. Sanderson Jr. is Chairman of the Board, Chief Executive Officer of Sanderson Farms, Inc. Mr. Sanderson served as President of the Company from November 1, 1989 to October 21, 2004, and has served as Chief Executive Officer since November 1, 1989 and as Chairman of the Board of Directors since January 8, 1998. Mr. Sanderson continues to serve as Chief Executive Officer and Chairman of the Board of Directors. Before his tenure as an executive officer of the Company, he was continuously employed by Sanderson Farms in numerous positions starting in 1969. Mr. Sanderson is a member of the Company’s Executive Committee, which is a management committee, not a committee of directors. Mr. Sanderson’s father, Joe Frank Sanderson, was one of the founders of our Company. The Board believes Mr. Sanderson should serve as a director because of his outstanding leadership of our Company since 1989. Under his tenure, our Company has experienced tremendous growth, including growth in annual revenues from $184 million in 1989 to over $3.3 billion in 2017, and has opened six new plants. Mr. Sanderson is primarily responsible for the overall operation and strategic vision of our business, and as a result makes an invaluable contribution to the Board process.

Lampkin Butts

Mr. Lampkin Butts serves as President, Chief Operating Officer, Director of Sanderson Farms, Inc. He was elected President and Chief Operating Officer of the Registrant effective October 21, 2004. From November 1, 1996, to October 21, 2004, Mr. Butts served as Vice President — Sales and was elected to the Board of Directors on February 19, 1998. Prior to that time, Mr. Butts served the Registrant in various capacities since 1973.

David Cockrell

Mr. David Michael Cockrell serves as Chief Financial Officer, Treasurer, Director of Sanderson Farms, Inc. Mr. Cockrell became Treasurer and Chief Financial Officer of the Registrant effective November 1, 1993, and was elected to the Board of Directors on February 19, 1998. Prior to that time, for more than five years, Mr. Cockrell was a member and shareholder of the Jackson, Mississippi law firm of Wise Carter Child & Caraway, Professional Association. He is also a certified public accountant and was employed in the audit division of a public accounting firm from 1979 to 1980. Mr. Cockrell is a member of the Company’s Executive Committee, which is a management committee, not a committee of directors.

Timothy Rigney

Mr. Timothy F. Rigney serves as Chief Accounting Officer, Secretary of Sanderson Farms, Inc. Mr. Tim Rigney became Secretary of the Registrant effective November 1, 2012. Mr. Rigney also began service as Chief Accounting Officer on that date. Prior to that time, Mr. Rigney served the Registrant in various capacities since 1990.

Phil Livingston

Mr. Phil K. Livingston serves as Lead Independent Director of Sanderson Farms, Inc. Mr. Livingston served as President and Chief Executive Officer of Citizens National Bancshares, Inc. in Hammond, Louisiana, from its organization in 1983, until its merger into Deposit Guaranty Corporation on May 19, 1995. Mr. Livingston retired in 1998, but continued to serve as a banking consultant to AmSouth Corporation following his retirement until 2001.

John Baker

Mr. John H. Baker, III, serves as Independent Director of Sanderson Farms, Inc. Mr. Baker is a native of Meridian, Mississippi and has been the sole proprietor of John H. Baker Interests, a real estate and development company in Houston, Texas, since 1968.

Frederick Banks

Mr. Frederick L. Banks, Jr., serves as Independent Director of Sanderson Farms, Inc. Mr. Banks has been a partner in the General Litigation Group in the Jackson, Mississippi office of the law firm of Phelps Dunbar LLP since 2001. Since 2008, he has been a non-equity senior partner with that firm. From 1991 to 2001, he was a Justice of the Mississippi Supreme Court, and at the time of his retirement from the court in 2001, he was serving as Presiding Justice. Before serving on the Mississippi Supreme Court, Mr. Banks served as a Circuit Court Judge in Hinds and Yazoo Counties, Mississippi for six years. From 1976 until 1985, he served in the Mississippi House of Representatives.

John Bierbusse

Mr. John C. Bierbusse is Independent Director of Sanderson Farms, Inc. Mr. Bierbusse was employed by Duff and Phelps, Inc. from 1981 to 1987, and by A.G. Edwards from 1987 to 2004. Mr. Bierbusse served as Assistant Manager, Securities Research between 1999 and 2002 at A.G. Edwards, and as Manager, Research Administration from 2002 until his retirement in 2004. Mr. Bierbusse served on the New York Stock Exchange’s Series 16 Test Committee from 2002 to 2007 and on the New York Stock Exchange’s Research Analyst Qualification Examination Committee from 2003 to 2007. Mr. Bierbusse has been a Chartered Financial Analyst since 1987, and is currently retired.

Toni Cooley

Ms. Toni D. Cooley serves as Independent Director of Sanderson Farms, Inc. Ms. Cooley founded and has been president of Systems Electro Coating, LLC, a tier one supplier to Nissan of electro coated frames and other vehicle components, since 2001. She has also served as president of Systems Consultants Associates, Inc., a management training and consulting firm established with the express purpose of assisting Jackson, Mississippi-based minority firms with capacity building, since 1993. Ms. Cooley is also co-owner of Systems IT, Inc., in Jackson, Mississippi, and is chief executive officer and president of Systems Automotive Interiors, L.L.C., a tier one supplier of upholstered seats to Toyota Motor Manufacturing’s Mississippi plant, founded in 2011. From 1992 to 1993, Ms. Cooley worked as an International Contract Administrator for the international sales team of the former Turner Broadcasting Systems. She is a director of Trustmark National Bank and in 2013 was elected a director of Trustmark Corporation, which has a class of securities registered with the Securities and Exchange Commission.

Beverly Hogan

Ms. Beverly Wade Hogan is an Independent Director of Sanderson Farms, Inc. Ms. Hogan has served, since May 2002, as President of Tougaloo College in Jackson, Mississippi, a private, historically African-American, liberal arts college. Before becoming President of Tougaloo College, Ms. Hogan served for one year as Interim President. Before that, she served for ten years as a Commissioner for the Mississippi Workers Compensation Commission. The Board believes that Ms. Hogan should serve as a director because of her 25-year plus career in executive leadership, management and administration, and her experience and perspective on employment and training issues.

Robert Khayat

Dr. Robert C. Khayat is an Independent Director of Sanderson Farms, Inc. Dr. Khayat served as the Chancellor of the University of Mississippi from July 1995 until his retirement in July 2009. Before that, he served the university in various capacities, including as professor of law at the University of Mississippi School of Law from 1982 to 1995. Mr. Khayat served on the Board of Directors of Mississippi Power Company, a subsidiary of The Southern Company, and Mississippi Valley Title Insurance Company, until his retirement from both boards in 2009. The Board believes Mr. Khayat should serve as a director because of his immense skill and experience as head of the University of Mississippi. During his 14-year tenure, he led a major transformation of the university that resulted in higher academic standards, tripled African-American enrollment, significantly higher private financial support and recognition of the university by many independent organizations as one of the country’s leading public universities. Among countless other accomplishments, his efforts to “re-brand” the university culminated in unprecedented national attention from its successful bid, led by Mr. Khayat, to host the first 2008 U.S. presidential debate.

Suzanne Mestayer

Ms. Suzanne T. Mestayer serves as Independent Director of the Company. She s owner and managing principal, since 2010, of ThirtyNorth Investments, LLC, an independent registered investment advisory firm in New Orleans, Louisiana. ThirtyNorth Investments provides investment management and consultation services to families, retirement plans, for-profit and non-profit organizations and trusts. Since 2008, she has also been the managing member of Advisean Partners, LLC, a private investment and business consulting company, and from 2000 to 2008, she was Executive Vice President and President – New Orleans Market, of Regions Bank. She has served on the board of the Federal Reserve Bank of Atlanta, New Orleans Branch since 2014, and was a member of the board of directors of McMoRan Exploration Co., a NYSE-listed company, from 2007 until its acquisition in 2013, where she was a member of the audit and corporate personnel committees. She is active in civic and charitable organizations in New Orleans, including being the Chairperson of the Ochsner Health System, the largest healthcare system in Louisiana. In November 2017, she was elected to the Board of Directors of the Pan-American Life Insurance Group. She is Certified Investment Management Analyst® and a Certified Public Accountant (inactive).

Dianne Mooney

Ms. Dianne Mooney serves as Independent Director of Sanderson Farms, Inc. Ms. Mooney founded and served as Executive Director and Senior Vice President of Southern Living at Home, a direct sales division of Southern Progress Corporation, from 1999 until her retirement in 2007. Ms. Mooney was directly responsible for the launch and record growth of this $200 million division. Before that time, she was an employee of Southern Progress Corporation for over thirty years in various positions, including Vice President of Business Development and Vice President of Custom Publishing. Southern Progress Corporation is a division of Time, Inc.

Gail Pittman

Ms. Gail Jones Pittman serves as Independent Director of Sanderson Farms, Inc. Ms. Pittman has served, since its founding in 1979, as Chief Executive Officer of Gail Pittman, Inc., an entrepreneurial business creating individually hand-painted, semi-vitreous china dinnerware and home accessories. It is located in Ridgeland, Mississippi.

Basic Compensation

Name Fiscal Year Total

Joe Sanderson

6,640,210

Lampkin Butts

2,374,920

David Cockrell

1,911,700

Timothy Rigney

578,268

Phil Livingston

277,715

John Baker

282,217

Frederick Banks

265,945

John Bierbusse

244,162

Toni Cooley

277,871

Beverly Hogan

239,218

Robert Khayat

236,426

Suzanne Mestayer

22,583

Dianne Mooney

251,020

Gail Pittman

251,722
As Of  30 Oct 2017