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Flowers Foods Inc. (NYSE:FLO) announced Monday that Melvin T. Stith, Ph.D., will retire from its board of directors effective December 31, 2025. Dr. Stith has served as a director since 2004 and is a member of the board’s compensation and human capital committee as well as the nominating and corporate governance committee.
According to the company’s statement in a Securities and Exchange Commission filing, Dr. Stith’s decision to retire is not due to any disagreement with the board or the company.
This information is based on a press release statement included in the company’s SEC filing.
In other recent news, Flowers Foods reported its financial results for the second quarter of 2025, meeting earnings per share (EPS) expectations but falling short on revenue. The company’s EPS came in at $0.30, aligning with analyst forecasts. However, revenue reached $1.24 billion, missing the anticipated $1.27 billion. Additionally, Flowers Foods announced a 3.1% increase in its quarterly dividend, with the new dividend set at $0.2475 per share. This dividend will be payable on September 19, 2025, to shareholders of record as of September 5, 2025. These developments reflect the company’s ongoing financial strategies and shareholder returns.
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