Latest news with #CurtisFrank
Yahoo
03-07-2025
- Business
- Yahoo
Maple Leaf Foods to Report 2025 Second Quarter Financial Results on August 7th
TSX: MISSISSAUGA, ON, July 3, 2025 /PRNewswire/ - Maple Leaf Foods Inc. ("Maple Leaf Foods" or the "Company") (TSX: MFI) will release its second quarter 2025 financial results on August 7, 2025 at 6:00 am ET. The release will be followed by a conference call and webcast beginning at 8:30 am ET. What: Maple Leaf Foods Q2 2025 Conference Call Who: Curtis Frank, President and Chief Executive OfficerDavid Smales, Chief Financial OfficerDennis Organ, President, Pork Complex and incoming CEO of Canada Packers When: August 7, 2025 at 8:30 am ET Call Details: Please click here to register for the webcast To participate via conference call, please dial-in 416-945-7677 or 1-888-699-1199. All dial-in participants should ask to join the Maple Leaf Foods call. To join the conference call without operator assistance, you may register and enter your phone number at this link to receive an instant automated call back. For those unable to participate at the scheduled time, playback will be made available an hour after the event at 289-819-1450 or 1-888-660-6345, passcode: 00409#. Within 48 hours following the event, the webcast replay will be archived and available on the Company's website at About Maple Leaf Foods Leaf Foods is a leading protein company responsibly producing food products under leading brands including Maple Leaf®, Maple Leaf Prime®, Maple Leaf Natural Selections®, Schneiders®, Mina®, Greenfield Natural Meat Co.®, LightLife® and Field Roast™. The Company employs approximately 13,500 people and does business primarily in Canada, the U.S. and Asia. The Company is headquartered in Mississauga, Ontario and its shares trade on the Toronto Stock Exchange (MFI). View original content to download multimedia: SOURCE Maple Leaf Foods Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Maple Leaf Foods Inc. shareholders approve spin-off of Canada Packers and elect Board of Directors at the 2025 Annual and Special Meeting
TSX: MISSISSAUGA, ON, June 11, 2025 /CNW/ - Maple Leaf Foods Inc. ("Maple Leaf Foods" or the "Company") (TSX: MFI) announced today that its shareholders voted resoundingly to approve the proposed spin-off of the Company's pork operations to form Canada Packers Inc. ("Canada Packers"), and also re-elected all of the directors to the Maple Leaf Foods Board of Directors at its 2025 annual and special meeting of shareholders. "The overwhelming endorsement of our shareholders for the spin-off of our pork operations marks an important milestone in one of the most transformational transactions in the Company's history," stated Curtis Frank, President and Chief Executive Officer of Maple Leaf Foods. "By creating two companies, each with its own robust business model, focused strategy, distinct investment profile, and compelling growth potential, Maple Leaf Foods is ready to unlock its potential as a purpose-driven, protein-focused, branded consumer packaged goods company. I thank our shareholders for supporting our bold vision for the future." "This is a historic day in Canada Packers' progress toward becoming an independent, public company," said Dennis Organ, incoming President and Chief Executive Officer of Canada Packers. "With the confidence of the shareholders, we are excited to take our next steps as a global leader in sustainably produced, premium quality, value-added pork with diversified sales mix and global reach." "I believe passionately in the powerful potential of this transaction to create value for all our stakeholders," said Michael McCain, Executive Chair of Maple Leaf Foods. "Shareholders will be able to participate in not one, but two strong, independent, sustainable and purpose-driven businesses, each with a clear mandate and investment profile. The McCain family and McCain Capital Inc. are deeply committed to the future of both companies, and we extend our congratulations to the Maple Leaf Foods management team for advancing to this critical next step in our purposeful journey. The vote on the transaction, which required a 66 2/3% approval of votes cast by all the shareholders as well as a simple majority of votes cast by the public shareholders, was approved with 99.94% of votes cast by all shareholders and 99.88% of votes cast by the public (non-McCain) shareholders. The transaction is expected to be completed in the second half of 2025 pending receipt of an advance tax ruling and satisfaction of other customary closing conditions. In addition to approving the spin-off transaction, shareholders voted to re-elect all of the incumbent directors to serve on Maple Leaf Foods' Board of Directors for the coming year. The results of the vote for the election of directors were as follows: Name of Directors # Voted For % Voted For # Voted Against % Voted Against W.E. Aziz 104,805,094 98.16 % 1,967,263 1.84 % R.G. Close 102,598,175 96.09 % 4,174,181 3.91 % C.E. Frank 105,684,670 98.98 % 1,087,687 1.02 % T.P. Hayes 100,278,412 93.92 % 6,493,944 6.08 % F. Khan 105,317,051 98.64 % 1,455,306 1.36 % K.N. Lemon 105,307,726 98.63 % 1,464,631 1.37 % A.G. Macdonald 105,957,286 99.24 % 815,071 0.76 % L. Mantia 104,682,546 98.04 % 2,089,810 1.96 % J.W.F. McCain 105,000,245 98.34 % 1,772,112 1.66 % M.H. McCain 104,502,294 97.87 % 2,270,062 2.13 % B. Newlands Campbell 104,693,216 98.05 % 2,079,140 1.95 % All other resolutions at the meeting were also successfully approved by shareholders, including: the reappointment of KPMG LLP as the auditors of the Corporation (96.42% of votes cast in favour); the Canada Packers Option Plan (98.47% of votes cast in favour); and the advisory resolution on Maple Leaf Foods' approach to executive compensation (98.15% of votes cast in favour). A full report on voting results is available under Maple Leaf Foods' profile on SEDAR+ at About Maple Leaf FoodsMaple Leaf Foods is a leading protein company responsibly producing food products under leading brands including Maple Leaf®, Maple Leaf Prime®, Maple Leaf Natural Selections®, Schneiders®, Mina®, Greenfield Natural Meat Co.®, LightLife® and Field Roast™. The Company employs approximately 13,500 people and does business primarily in Canada, the U.S. and Asia. The Company is headquartered in Mississauga, Ontario and its shares trade on the Toronto Stock Exchange (MFI). Forward-Looking StatementsThis document contains, and the Company's oral and written public communications often contain, "forward-looking information" within the meaning of applicable securities law. These statements are based on current expectations, estimates, projections, beliefs, judgements and assumptions based on information available at the time the applicable forward-looking statement was made and in light of the Company's experience combined with its perception of historical trends. Such statements include, but are not limited to, statements with respect to objectives and goals, in addition to statements with respect to timing, execution, implications, benefits, risks, returns, opportunities, structure, approvals, value proposition and business model associated with the proposed separation of the Company into two independent public companies, as well as the Company's overall plans, actions and strategies. Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "could", "would", "believe", "plan", "intend", "design", "target", "undertake", "view", "indicate", "maintain", "explore", "entail", "schedule", "objective", "strategy", "likely", "potential", "outlook", "aim", "propose", "goal", and similar expressions suggesting future events or future performance. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Specific forward-looking information in this document may includes, but is not limited to, statements with respect to the spin-off of the Company's pork operations; the benefits of the spin-off; timing for completion of the spin-off and satisfaction of the other closing conditions. These statements are based on and were developed using a number of assumptions including, but not limited to expectations and assumptions concerning the completion and expected benefits of the spin-off. Readers are cautioned that these assumptions may prove to be incorrect in whole or in part and actual results may differ materially from those anticipated in any forward-looking statements. Factors that could cause actual results or outcomes to differ materially from the results expressed, implied, or projected in the forward-looking statements contained in this document include, among other things, risks associated with the following: the spin-off not proceeding as expected, including as a result of regulatory, market or other factors; the conditions of the spin-off not being satisfied, approvals or rulings not being secured on acceptable terms or at all; the possibility that the spin-off will not be completed within the anticipated time period or at all; and other factors as set out under the heading "Risk Factors" in the Company's Management Discussion and Analysis for the year ended December 31, 2024, which is available on SEDAR+ at The Company cautions readers that the foregoing list of factors is not exhaustive. All forward-looking statements included herein speak only as of the date hereof. Unless required by law, the Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements contained herein are expressly qualified by this cautionary statement. View original content to download multimedia: SOURCE Maple Leaf Foods Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
11-06-2025
- Business
- Cision Canada
Maple Leaf Foods Inc. shareholders approve spin-off of Canada Packers and elect Board of Directors at the 2025 Annual and Special Meeting Français
MISSISSAUGA, ON, June 11, 2025 /CNW/ - Maple Leaf Foods Inc. ("Maple Leaf Foods" or the "Company") (TSX: MFI) announced today that its shareholders voted resoundingly to approve the proposed spin-off of the Company's pork operations to form Canada Packers Inc. ("Canada Packers"), and also re-elected all of the directors to the Maple Leaf Foods Board of Directors at its 2025 annual and special meeting of shareholders. "The overwhelming endorsement of our shareholders for the spin-off of our pork operations marks an important milestone in one of the most transformational transactions in the Company's history," stated Curtis Frank, President and Chief Executive Officer of Maple Leaf Foods. "By creating two companies, each with its own robust business model, focused strategy, distinct investment profile, and compelling growth potential, Maple Leaf Foods is ready to unlock its potential as a purpose-driven, protein-focused, branded consumer packaged goods company. I thank our shareholders for supporting our bold vision for the future." "This is a historic day in Canada Packers' progress toward becoming an independent, public company," said Dennis Organ, incoming President and Chief Executive Officer of Canada Packers. "With the confidence of the shareholders, we are excited to take our next steps as a global leader in sustainably produced, premium quality, value-added pork with diversified sales mix and global reach." "I believe passionately in the powerful potential of this transaction to create value for all our stakeholders," said Michael McCain, Executive Chair of Maple Leaf Foods. "Shareholders will be able to participate in not one, but two strong, independent, sustainable and purpose-driven businesses, each with a clear mandate and investment profile. The McCain family and McCain Capital Inc. are deeply committed to the future of both companies, and we extend our congratulations to the Maple Leaf Foods management team for advancing to this critical next step in our purposeful journey. The vote on the transaction, which required a 66 2/3% approval of votes cast by all the shareholders as well as a simple majority of votes cast by the public shareholders, was approved with 99.94% of votes cast by all shareholders and 99.88% of votes cast by the public (non-McCain) shareholders. The transaction is expected to be completed in the second half of 2025 pending receipt of an advance tax ruling and satisfaction of other customary closing conditions. In addition to approving the spin-off transaction, shareholders voted to re-elect all of the incumbent directors to serve on Maple Leaf Foods' Board of Directors for the coming year. The results of the vote for the election of directors were as follows: All other resolutions at the meeting were also successfully approved by shareholders, including: the reappointment of KPMG LLP as the auditors of the Corporation (96.42% of votes cast in favour); the Canada Packers Option Plan (98.47% of votes cast in favour); and the advisory resolution on Maple Leaf Foods' approach to executive compensation (98.15% of votes cast in favour). A full report on voting results is available under Maple Leaf Foods' profile on SEDAR+ at About Maple Leaf Foods Maple Leaf Foods is a leading protein company responsibly producing food products under leading brands including Maple Leaf®, Maple Leaf Prime®, Maple Leaf Natural Selections®, Schneiders®, Mina®, Greenfield Natural Meat Co.®, LightLife® and Field Roast™. The Company employs approximately 13,500 people and does business primarily in Canada, the U.S. and Asia. The Company is headquartered in Mississauga, Ontario and its shares trade on the Toronto Stock Exchange (MFI). Forward-Looking Statements This document contains, and the Company's oral and written public communications often contain, "forward-looking information" within the meaning of applicable securities law. These statements are based on current expectations, estimates, projections, beliefs, judgements and assumptions based on information available at the time the applicable forward-looking statement was made and in light of the Company's experience combined with its perception of historical trends. Such statements include, but are not limited to, statements with respect to objectives and goals, in addition to statements with respect to timing, execution, implications, benefits, risks, returns, opportunities, structure, approvals, value proposition and business model associated with the proposed separation of the Company into two independent public companies, as well as the Company's overall plans, actions and strategies. Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "could", "would", "believe", "plan", "intend", "design", "target", "undertake", "view", "indicate", "maintain", "explore", "entail", "schedule", "objective", "strategy", "likely", "potential", "outlook", "aim", "propose", "goal", and similar expressions suggesting future events or future performance. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Specific forward-looking information in this document may includes, but is not limited to, statements with respect to the spin-off of the Company's pork operations; the benefits of the spin-off; timing for completion of the spin-off and satisfaction of the other closing conditions. These statements are based on and were developed using a number of assumptions including, but not limited to expectations and assumptions concerning the completion and expected benefits of the spin-off. Readers are cautioned that these assumptions may prove to be incorrect in whole or in part and actual results may differ materially from those anticipated in any forward-looking statements. Factors that could cause actual results or outcomes to differ materially from the results expressed, implied, or projected in the forward-looking statements contained in this document include, among other things, risks associated with the following: the spin-off not proceeding as expected, including as a result of regulatory, market or other factors; the conditions of the spin-off not being satisfied, approvals or rulings not being secured on acceptable terms or at all; the possibility that the spin-off will not be completed within the anticipated time period or at all; and other factors as set out under the heading "Risk Factors" in the Company's Management Discussion and Analysis for the year ended December 31, 2024, which is available on SEDAR+ at The Company cautions readers that the foregoing list of factors is not exhaustive. All forward-looking statements included herein speak only as of the date hereof. Unless required by law, the Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements contained herein are expressly qualified by this cautionary statement.
Cision Canada
05-06-2025
- Business
- Cision Canada
Maple Leaf Foods Releases 2024 Integrated Report Highlighting Sustainability and Strategic Achievements Français
Purpose-driven consumer packaged goods protein company continues unwavering commitment to sustainability, shared value, and strategic growth MISSISSAUGA, ON, June 5, 2025 /CNW/ - (TSX: MFI) Maple Leaf Foods ("the Company") released today its annual Integrated Report, bringing together an update on its 2024 financial performance and future outlook, as well as a holistic view of the Company's key initiatives, emphasizing its continued commitment to sustainability, shared value, and strategic growth. "2024 was a year of meaningful financial and strategic progress for Maple Leaf Foods," said Curtis Frank, President and Chief Executive Officer, Maple Leaf Foods. "Fueled by the strength of our leading brands, the resilience of our growth strategies and the financial benefits flowing from our large-scale capital investments, we exited the year with strong momentum on our journey to transform Maple Leaf Foods into a purpose driven, protein-focused, brand-led, consumer packaged goods powerhouse." "We also refreshed our Strategic Blueprint and evolved the strategies that will guide us toward achieving our Vision, to be the most sustainable protein company on Earth," Frank added. "I am incredibly proud of the strides we've made and our many remarkable achievements which are helping us create shared value for our stakeholders." Company Commitments The report highlights Maple Leaf Foods' leadership in sustainability, animal care, food and people safety, and its contributions to essential efforts to reduce food insecurity. The Company tracks progress against its goals based on key pillars: Making Better Food, Taking Care of Our People, Communities, and Animals, and Nurturing a Better Planet. Key Highlights: Making Better Food: Maple Leaf Foods continues to lead the market with high-quality, innovative products. Its flagship brands Schneiders ® and Maple Leaf ® achieved the #1 and #2 lead in Packaged Meats in Canada, while Mina ® earned the top spot as the #1 Halal brand in fresh poultry in Canada, and Greenfield Natural Meat Co. ® the #1 brand in Sustainable Packaged Meats in Canada. In 2024, the Company launched 50 new products across its brands, including Schneiders Breakfast Sandwiches and Schneiders Breakfast Bites. The new Schneiders ® breakfast products are part of Maple Leaf Foods' broader innovation strategy as a consumer-packaged goods-driven business to create new, sustainably produced products that meet the evolving needs and preferences of consumers. Taking Better Care for Our People: Maple Leaf Foods completed 11 social compliance audits in 2024, and took the next steps in advancing its enhanced social compliance program. The Company also successfully maintained a Total Recordable Incident Rate (TRIR) of 0.37, which is a 94% improvement since 2012. Taking Better Care for Our Communities: The Maple Leaf Centre for Food Security ("the Centre") has committed $13.3 million to 40 initiatives over the last eight years, addressing food insecurity across Canada. In 2024, Maple Leaf Foods donated $4 million in food products in Canada and the United States. Team Members across the Company volunteered in more than 33 communities, supporting local food banks, healthcare institutions, community centres, and newcomer services. Taking Better Care of Our Animals: Maple Leaf Foods provided 100% of its owned sow spaces with open sow housing according to the NFACC Code of Practice and Canadian Pork Excellence PigCARE standards. The Company implemented environmental enrichment for pigs and broiler chickens and invested in humane processing technologies, converting 99.9% of its chicken plants to Controlled Atmosphere Stunning. Taking Better Care of Our Planet: By the end of 2024, Maple Leaf Foods achieved a 5.1% reduction in absolute Scope 1 and 2 emissions and a 15.6% reduction in Scope 3 emissions intensity since the 2018 base year. The Company expanded its regenerative agriculture efforts, collaborating with Nutrien for the fourth consecutive year, scaling from 19,000 to over 250,000 acres, to support growers and boost sustainability. It also supported the Lake Winnipeg Basin Water Stewardship Project, engaging 30,000 acres across four farms to implement water stewardship practices on farms. Additionally, the Company achieved a 94.1% company-wide landfill diversion rate, with three facilities reaching 100% landfill diversion. For more information and to view the full 2024 Integrated Report, please visit: Forward–Looking Statements This document contains, and the Company's oral and written public communications often contain, "forward-looking information" within the meaning of applicable securities law. These statements are based on current expectations, estimates, projections, beliefs, judgements and assumptions based on information available at the time the applicable forward-looking statement was made and in light of the Company's experience combined with its perception of historical trends. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. For the full statement around forward-looking information, please refer to the 2024 Annual Report to Shareholders. About Maple Leaf Foods Inc. Maple Leaf Foods is a leading protein company responsibly producing food products under leading brands including Maple Leaf ®, Maple Leaf Prime ®, Maple Leaf Natural Selections ®, Schneiders ®, Mina ®, Greenfield Natural Meat Co. ®, LightLife ® and Field Roast ™. The Company employs approximately 13,500 people and does business primarily in Canada, the U.S. and Asia. The Company is headquartered in Mississauga, Ontario and its shares trade on the Toronto Stock Exchange (MFI).
Yahoo
05-06-2025
- Business
- Yahoo
Maple Leaf Foods Releases 2024 Integrated Report Highlighting Sustainability and Strategic Achievements
Purpose-driven consumer packaged goods protein company continues unwavering commitment to sustainability, shared value, and strategic growth MISSISSAUGA, ON, June 5, 2025 /CNW/ - (TSX: MFI) Maple Leaf Foods ("the Company") released today its annual Integrated Report, bringing together an update on its 2024 financial performance and future outlook, as well as a holistic view of the Company's key initiatives, emphasizing its continued commitment to sustainability, shared value, and strategic growth. "2024 was a year of meaningful financial and strategic progress for Maple Leaf Foods," said Curtis Frank, President and Chief Executive Officer, Maple Leaf Foods. "Fueled by the strength of our leading brands, the resilience of our growth strategies and the financial benefits flowing from our large-scale capital investments, we exited the year with strong momentum on our journey to transform Maple Leaf Foods into a purpose driven, protein-focused, brand-led, consumer packaged goods powerhouse." "We also refreshed our Strategic Blueprint and evolved the strategies that will guide us toward achieving our Vision, to be the most sustainable protein company on Earth," Frank added. "I am incredibly proud of the strides we've made and our many remarkable achievements which are helping us create shared value for our stakeholders." Company Commitments The report highlights Maple Leaf Foods' leadership in sustainability, animal care, food and people safety, and its contributions to essential efforts to reduce food insecurity. The Company tracks progress against its goals based on key pillars: Making Better Food, Taking Care of Our People, Communities, and Animals, and Nurturing a Better Planet. Key Highlights: Making Better Food: Maple Leaf Foods continues to lead the market with high-quality, innovative products. Its flagship brands Schneiders® and Maple Leaf® achieved the #1 and #2 lead in Packaged Meats in Canada, while Mina® earned the top spot as the #1 Halal brand in fresh poultry in Canada, and Greenfield Natural Meat Co.® the #1 brand in Sustainable Packaged Meats in Canada. In 2024, the Company launched 50 new products across its brands, including Schneiders Breakfast Sandwiches and Schneiders Breakfast Bites. The new Schneiders® breakfast products are part of Maple Leaf Foods' broader innovation strategy as a consumer-packaged goods-driven business to create new, sustainably produced products that meet the evolving needs and preferences of consumers. Taking Better Care for Our People: Maple Leaf Foods completed 11 social compliance audits in 2024, and took the next steps in advancing its enhanced social compliance program. The Company also successfully maintained a Total Recordable Incident Rate (TRIR) of 0.37, which is a 94% improvement since 2012. Taking Better Care for Our Communities: The Maple Leaf Centre for Food Security ("the Centre") has committed $13.3 million to 40 initiatives over the last eight years, addressing food insecurity across Canada. In 2024, Maple Leaf Foods donated $4 million in food products in Canada and the United States. Team Members across the Company volunteered in more than 33 communities, supporting local food banks, healthcare institutions, community centres, and newcomer services. Taking Better Care of Our Animals: Maple Leaf Foods provided 100% of its owned sow spaces with open sow housing according to the NFACC Code of Practice and Canadian Pork Excellence PigCARE standards. The Company implemented environmental enrichment for pigs and broiler chickens and invested in humane processing technologies, converting 99.9% of its chicken plants to Controlled Atmosphere Stunning. Taking Better Care of Our Planet: By the end of 2024, Maple Leaf Foods achieved a 5.1% reduction in absolute Scope 1 and 2 emissions and a 15.6% reduction in Scope 3 emissions intensity since the 2018 base year. The Company expanded its regenerative agriculture efforts, collaborating with Nutrien for the fourth consecutive year, scaling from 19,000 to over 250,000 acres, to support growers and boost sustainability. It also supported the Lake Winnipeg Basin Water Stewardship Project, engaging 30,000 acres across four farms to implement water stewardship practices on farms. Additionally, the Company achieved a 94.1% company-wide landfill diversion rate, with three facilities reaching 100% landfill diversion. For more information and to view the full 2024 Integrated Report, please visit: Forward–Looking Statements This document contains, and the Company's oral and written public communications often contain, "forward-looking information" within the meaning of applicable securities law. These statements are based on current expectations, estimates, projections, beliefs, judgements and assumptions based on information available at the time the applicable forward-looking statement was made and in light of the Company's experience combined with its perception of historical trends. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. For the full statement around forward-looking information, please refer to the 2024 Annual Report to Shareholders. About Maple Leaf Foods Inc. Maple Leaf Foods is a leading protein company responsibly producing food products under leading brands including Maple Leaf®, Maple Leaf Prime®, Maple Leaf Natural Selections®, Schneiders®, Mina®, Greenfield Natural Meat Co.®, LightLife® and Field Roast™. The Company employs approximately 13,500 people and does business primarily in Canada, the U.S. and Asia. The Company is headquartered in Mississauga, Ontario and its shares trade on the Toronto Stock Exchange (MFI). View original content to download multimedia: SOURCE Maple Leaf Foods Inc. 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