Seneca Foods Corporation filed an 8-K on November 4, 2026, disclosing the results of a Special Shareholders Meeting held the same day, at which shareholders approved a five-for-one forward stock split and the removal of Preferred Stock Without Par Value from the company's authorized shares.

Key Highlights

  • Five-for-one forward stock split approved: Shareholders voted 2,186,568 for, 16,296 against, and 151 abstentions on Proposal 1.
  • Split includes proportional adjustments: The split carries a proportional increase in authorized Capital Stock shares, a proportional reduction in par value of Class A Common, Class B Common, and 6% Voting Cumulative Preferred Stock, and proportional reductions in stated value, dividend rate, redemption price, and conversion price of designated Class A Preferred Stock series.
  • Preferred Stock Without Par Value removal approved: Proposal 2 passed with 2,200,541 for, 2,251 against, and 223 abstentions.
  • Voting stock outstanding at record date: 5,211,510 Class A Common shares (0.05 votes per share), 1,558,207 Class B Common shares (1 vote per share), 407,240 Series A Preferred shares (1 vote per share), and 400,000 Series B Preferred shares (1 vote per share).
  • Both share classes listed on NASDAQ: Class A Common (NASDAQ:SENEA) and Class B Common (NASDAQ:SENEB) are registered on the NASDAQ Global Select Market.

Seneca Foods Special Meeting: Stock Split and Capital Structure Changes Voted On

According to the filing, Seneca Foods Corporation held a Special Shareholders Meeting on November 4, 2026, to vote on two proposals affecting the company's capital structure. The record date established for the meeting showed four classes of voting stock outstanding, with Class B Common Stock and both Preferred Stock series carrying one vote per share and Class A Common Stock carrying 0.05 votes per share.

The company disclosed that Proposal 1, covering a five-for-one forward stock split, was approved by shareholders. As described in the filing, the split also entails "a proportional increase in the number of authorized shares of our Capital Stock, a proportional reduction in the par value of our Class A Common Stock, Class B Common Stock and Six Percent (6%) Voting Cumulative Preferred Stock, and a proportional reduction in the stated value, dividend rate, redemption price and conversion price of the designated series of our Class A Preferred Stock." The vote count was 2,186,568 in favor, 16,296 against, and 151 abstentions, with no broker non-votes reported.

Proposal 2, to remove the Preferred Stock Without Par Value from the company's authorized shares, also received shareholder approval. The filing reported 2,200,541 votes in favor, 2,251 against, and 223 abstentions, again with no broker non-votes. The 8-K was signed by Gregory R. Ide, Vice President and Corporate Controller of Seneca Foods Corporation, on November 4, 2026.

What Was Disclosed

Seneca Foods Corporation reported the voting results from its November 4, 2026, Special Shareholders Meeting, confirming approval of a five-for-one forward stock split with related capital adjustments and the removal of Preferred Stock Without Par Value from authorized shares.