01—Abstract
Summary
Summary of the 10-K/A filed March 19, 2012. Cited figures are marked; the original filing is the authoritative source.
This Amendment No. 1 to The Hershey Company's Form 10-K for the fiscal year ended December 31, 2011, dated March 19, 2012, amends only Part III, Item 12 (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters) and the exhibit index.
It does not contain financial statements, operating results, or business discussion. The filing reports the company's equity compensation plan data as of December 31, 2011, and states that information on beneficial ownership by principal holders, nominees, named executive officers, and directors as a group is incorporated by reference from the 2012 Proxy Statement. As of February 8, 2012, the company had 164,888,660 shares of Common Stock and 60,631,517 shares of Class B Common Stock outstanding.
The aggregate market value of Common Stock held by non-affiliates was $8,821,386,884a as of July 1, 2011, and the Class B Common Stock held by non-affiliates was valued at $1,174,322 on the same date. The filing is signed by Humberto P. Alfonso, Chief Financial Officer, and includes Section 302 certifications from Chief Executive Officer John P.
Bilbrey and Chief Financial Officer Humberto P. Alfonso.
02—Key points
Key Highlights
- The amendment covers only Part III, Item 12 and the exhibit index; it does not include financial statements or operating results.
- Stock options outstanding under equity compensation plans approved by security holders totaled 14,054,342, with a weighted-average exercise price of $44.81.
- Performance stock units and restricted stock units outstanding under approved plans totaled 1,740,479.
- Stock options outstanding under plans not approved by security holders totaled 486,100, granted under the Broad Based Stock Option Plan at $46.44 per share.
- Total outstanding stock options were 16,280,921 at a weighted-average exercise price of $44.86, with 20,448,418 securities remaining available for future issuance under equity compensation plans.
- As of February 8, 2012, there were 164,888,660 shares of Common Stock and 60,631,517 shares of Class B Common Stock outstanding.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2011filed March 19, 2012Financial Statements
FY2011 against FY2010
| Line item | FY2011FY2010 | Change |
|---|---|---|
| Revenue | $6.08B$5.67B | +7.2% |
| Cost of Revenue | $3.55B$3.26B | +9.0% |
| Gross Profit | $2.53B$2.42B | +4.8% |
| R&D Expenses | $33.20M$31.10M | +6.8% |
| SG&A Expenses | $1.48B$1.43B | +3.6% |
| Operating Expenses | $5.03B$4.77B | +5.5% |
| Interest Expense | $78.19M$70.96M | +10.2% |
| Net Income | $628.96M$509.80M | +23.4% |
| Shares Outstanding (Basic) | 227K228K | −0.5% |
| Shares Outstanding (Diluted) | 229.92M230.31M | −0.2% |
05—Questions
Frequently Asked Questions
What does this amendment change in the original annual report?
According to the filing, it amends Part III, Item 12, which covers security ownership and equity compensation plan information, and the exhibit index. It is Amendment No. 1 to the Form 10-K for the fiscal year ended December 31, 2011.
Where can investors find beneficial ownership details for directors and executive officers?
The filing states that information on ownership of voting securities by certain beneficial owners, nominees, named executive officers, and directors and executive officers as a group is set forth in the section entitled "Ownership of the Company's Securities" in the Proxy Statement for the 2012 Annual Meeting of Stockholders, which is incorporated by reference.
How much equity is available for future grants under the company's plans?
As of December 31, 2011, the filing reports 20,448,418 securities remaining available for future issuance under equity compensation plans approved by security holders. Of these, 13,237,000 are available for stock option awards and 7,211,418 for full-value awards such as performance stock units and restricted stock units under the EICP.
What is the aggregate market value of stock held by non-affiliates?
The filing states that the aggregate market value of Common Stock held by non-affiliates was $8,821,386,884 as of July 1, 2011, the last business day of the second fiscal quarter. The Class B Common Stock was valued at $1,174,322 on the same date, based on the Common Stock closing price on the New York Stock Exchange.
06—Continue