01—Abstract
Summary
Summary of the 8-K filed March 7, 2025. Cited figures are marked; the original filing is the authoritative source.
The Hershey Company (HSY) filed a Form 8-K on March 7, 2025 under Item 5.02 (Departure of Directors or Certain Officers) to report that Victor L.
Crawford, the Company's Lead Independent Director, notified the Company of his intention not to stand for re-election as a director at the 2025 Annual Meeting of Stockholders, currently expected to be held on May 6, 2025. Mr. Crawford will continue to serve as Lead Independent Director until that meeting. The filing states that Mr. Crawford's decision was not due to any disagreement with the Company on any matter relating to its operations, policies or practices.
The filing contains no financial results, guidance, or other operating information. Its only exhibit is the Cover Page Interactive Data File (Exhibit 104), embedded within the Inline XBRL document.
For investors, the main point is a board leadership transition: the Lead Independent Director role will need to be filled or reassigned once Mr. Crawford leaves the board at the May 2025 meeting. The filing does not name a successor or describe any related board action.
02—Key points
Key Highlights
- Victor L. Crawford, Lead Independent Director, will not stand for re-election as a director at the 2025 Annual Meeting of Stockholders.
- The 2025 Annual Meeting of Stockholders is currently expected to be held on May 6, 2025.
- Mr. Crawford will continue as Lead Independent Director until the annual meeting.
- Mr. Crawford stated that his decision was not due to any disagreement with the Company on its operations, policies or practices.
- The filing reports no financial results, guidance or other operating information.
- The only listed exhibit is Exhibit 104, the Cover Page Interactive Data File embedded within the Inline XBRL document.
03—Questions
Frequently Asked Questions
Why is the Lead Independent Director leaving the board?
The filing states that Mr. Crawford's decision not to stand for re-election was not due to any disagreement with the Company on any matter relating to its operations, policies or practices. It does not give any other reason.
When will Mr. Crawford's departure from the board take effect?
He will leave the board at the 2025 Annual Meeting of Stockholders, currently expected to be held on May 6, 2025. Until then he will continue to serve as Lead Independent Director.
Does this filing include any financial results or guidance?
No. The filing covers only the director's decision not to stand for re-election, and its sole listed exhibit is the Cover Page Interactive Data File (Exhibit 104).
Has a successor Lead Independent Director been named?
The filing does not name a successor or describe any board action on the Lead Independent Director role.
04—Continue