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CHICAGO, IL – Tootsie Roll Industries Inc . (NYSE:TR), a longstanding confectionery manufacturer with a market capitalization of $2.28 billion and currently trading near its 52-week high, has implemented a new Insider Trading Policy as of March 21, 2025. According to InvestingPro analysis, the company appears slightly undervalued based on its Fair Value assessment. The policy is designed to regulate trading activities of the company’s directors, officers, employees, and certain family members and associates.
The newly adopted policy prohibits the aforementioned individuals from buying or selling company securities based on material, nonpublic information. It also restricts them from sharing such sensitive information with unauthorized parties. This move aligns with Tootsie Roll Industries’ efforts to ensure compliance with applicable securities laws and to promote fair and ethical trading practices. The company’s commitment to strong governance is reflected in its excellent financial health, with InvestingPro data showing a robust current ratio of 3.82 and minimal debt-to-equity ratio of 0.02.
Under the policy, Tootsie Roll’s directors, executive officers, and other designated personnel must seek pre-approval before engaging in transactions involving company securities. They are also subject to additional trading restrictions to prevent any improper use of insider information.
The details of this Insider Trading Policy have been made available in Exhibit 19.1 attached to the company’s recent Form 8-K filing with the Securities and Exchange Commission. The establishment of this policy reflects Tootsie Roll Industries’ commitment to maintaining the integrity of its corporate governance and the trust of its investors and the public.
The company, with headquarters at 7401 South Cicero Avenue, Chicago, IL, is known for its iconic Tootsie Roll candies and other confectionery products. Tootsie Roll Industries has been a staple in the sugar and confectionery products industry, maintaining 55 consecutive years of dividend payments and achieving $723 million in revenue over the last twelve months. InvestingPro subscribers can access additional insights, including 6 more ProTips and comprehensive financial metrics about the company’s performance and outlook.
The adoption of the Insider Trading Policy is a significant step for Tootsie Roll Industries, ensuring that all transactions are conducted transparently and in accordance with legal and ethical standards. The policy serves as a framework for preventing insider trading and upholding the company’s reputation for integrity in the marketplace.
This report is based on a press release statement and provides a factual summary of the key points without speculation or promotional commentary.
In other recent news, Tootsie Roll Industries has announced changes to its Board of Directors, as detailed in a recent 8-K filing with the Securities and Exchange Commission. Michael Adam Chodos has joined the board, bringing his extensive experience in corporate finance, governance, and compliance to the Audit and Compensation Committees. Chodos has been leading his own law practice since 1984 and has held significant roles such as Chief Legal Officer and Corporate Secretary at Medsphere Systems Corporation and General Counsel at Notarize, Inc. This appointment follows the resignation of Barre A. Seibert, who stepped down after two decades of service on the board. Seibert’s departure marks the end of a significant period of contribution to the company’s governance and strategic initiatives. These board changes reflect Tootsie Roll Industries’ ongoing efforts to align its leadership with its strategic goals as it continues to navigate the competitive confectionery market. Investors and stakeholders are encouraged to refer to the company’s 8-K filing for more detailed information on these developments.
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