Hershey Foods 8-K 2012
INFORMATION TO BE INCLUDED IN REPORT
On June 14, 2012, The Hershey Company (“Company”) announced that David W. Tacka, Vice President, Chief Accounting Officer, will step down as Chief Accounting Officer effective July 1, 2012, in anticipation of his retirement from the Company in 2013. From July 1, 2012, until his retirement, Mr. Tacka will assist with the transition to a new Chief Accounting Officer and lead other special projects. His retirement date in 2013 has not yet been determined.
The Company also announced that Richard M. McConville, Corporate Controller, will become Vice President, Chief Accounting Officer, effective July 1, 2012. Mr. McConville, 58, joined the Company in April 2007 as Director, International Finance and Control and was promoted to his current position in June 2011.
Upon his promotion to Vice President, Chief Accounting Officer, Mr. McConville’s annual base salary (“base salary”) will be $280,000, his 2012 contingent target award level under the annual incentive program (“AIP”) of the Company’s Equity and Incentive Compensation Plan (“EICP”) will be 45% of his base salary and his 2012 contingent target award level under the long-term incentive program (“LTIP”) of the EICP will be 60% of his base salary. Mr. McConville also will be awarded 1,450 performance stock units for the three-year performance cycle ending in 2014. Additional information regarding the Company’s executive compensation program, including information about AIP, LTIP and performance stock unit awards, can be found in the Company’s 2012 proxy statement.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: June 14, 2012