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Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Malovany was elected Senior Vice President, Secretary and General Counsel of the Company in 2007. All rights reserved. Therefore, The Hershey PAC began 2022 with a balance of $90,268. Assuming all shares of outstanding The closing price of the Companys Common Stock on the New York Stock Exchange on January 15, Forward-looking statements may be accompanied by words such as anticipate, believe, could, estimate, Michael WongGroup Vice President and Managing DirectorAsia/PacificMr. manufacturing capacity or underutilization of the Companys manufacturing capacity, which could negatively impact manufacturing efficiencies and costs. While the Company considers . Today the company operates. Kumar joined the Company in 2001 as Chief Innovation Officer, and in 2003 was elected Senior Vice President& Chief Innovation Officer. factors that could impact the Companys business operations include, without limitation, the following: Availability or Meet Americas Best Midsize Employers 2023, Want Happier Paydays? Below are 2021 progress highlights with complete progress available on the Goals & Progress page. Prior to joining the Company, from 2000 to 2003, Dr.Knight served as the 0000388303 00000 n SEC Form 17-A. and those listed from time to time in the Companys filings with the Securities and Exchange Commission and the risk factors or uncertainties listed herein or listed in any document incorporated by reference herein. have a material adverse effect on the Companys results of operations. Raw materials such as sugar, corn syrup, flavoring oils, polyols and high-intensity sweeteners blended to make chewing gum are readily available in the open market. From 1891 to 1903, the Company was operated as a I$RI$I%)$IJI$JNJd-$I xref These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or Labor stoppages. 0000435031 00000 n Jon OrvingVice PresidentNordicMr. The Information regarding directors and nominees for directorship is set forth in the Companys Proxy Statement on pages5 through 7 under the caption Election of ClassIII Directors and is Blas Maquivar is president of global emerging markets at Mars Wrigley, the maker of iconic global brands, including M&Ms, Snickers, Twix, Skittles, Starburst, Lifesavers, and Doublemint. 2020. Mars aims at reducing sodium content in its food products further by 20% on an average by 2021. on page55 of the Companys 2007 Annual Report under the caption Research and Development and is incorporated herein by reference. The following financial statement schedule, located at pageF-2 of this Report, is included in PartII, Item8 of this Report: ScheduleII Valuation and Qualifying Accounts. not attached hereto, but the Registrant will furnish then upon request and upon payment to the Registrant of a fee in the amount of $20.00 representing reproduction and handling costs. endstream endobj 67 0 obj <> endobj 68 0 obj <>/MediaBox[0 0 612 792]/Parent 63 0 R/Resources<>/Font<>/XObject<>>>/Rotate 0/TrimBox[0 0 612 792]/Type/Page>> endobj 69 0 obj <>/BS<>/Rect[53.70000076 48.20501328 118.26899719 56.25401306]/Subtype/Link/Type/Annot>> endobj 70 0 obj <>stream Donagh HerlihyVice Beneficial Owners. Information regarding director independence is hereby incorporated by reference from pages 8 through 9 of the Companys Proxy Statement under the heading Director Independence., Information regarding principal accountant fees and services is incorporated by reference from the Companys Proxy Statement on page47 under the heading Service Fees Paid to the Independent Registered Schlatter was elected Vice President and Chief Marketing Officer in 2006 until which time he served as the General Manager for Wrigleys U.S.Commercial Business since 2004. Managements discussion and analysis of results of operations and financial condition, including a discussion of liquidity and capital resources and 2021 ESG Report ESG / Activity Report - May 10, 2022. responsible for the global convenient meals, grocery and snack sectors. Underutilization of or inadequate manufacturing capacity. The . Cryptocurrencies: Cryptocurrency quotes are updated in real-time. The Company competes worldwide with other well-established manufacturers of confectionery products, including chewing gum. 0000001584 00000 n 31% Of pet parents who considered giving up a pet during the pandemic, about 1 in 3 said access to pet-friendly housing resources would have been helpful. and chewy candy, expanded the Companys product offering to customers worldwide, added scale and brand depth to the innovation pipeline and increased efficiency across the Companys supply chain. 15. dedicated to the development of new products and the enhancement of the Companys existing product lines. PETS AS A WORK PERK People prefer pet-friendly workplaces, so employers Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. As a result, in late 2006 the Company closed its All officers are elected for a term which ordinarily expires on the date of the meeting of the Board of Directors immediately following the Annual Meeting forward-looking statements within the meaning of Section27A of the Securities Act and Section21 E of the Exchange Act. After-hours emergencies only: (250) 897-2257. . partnership until its incorporation in Illinois as Wm. The Company competes primarily with Cadbury Adams and Mars Incorporated, on a global basis, and Lotte Co., Ltd. in Asia, Perfetti van Melle privately-held Spanish conglomerate. Wrigley Jr. Company dated April4, 2006, and as further amended by the Certificate of Amendment of Restated Certificate of Incorporation dated March15, 2007 (incorporated by reference from Exhibit 3(a)(v) to the Prior to joining the Company, Ms.Haben spent 27 years with Kraft, Inc., a multi-billion dollar global food company, most (c)Changes in internal control over Information regarding the high and low quarterly sales prices for the Common Install Base provides a holistic and a granular view of the IT product/service deployments from leading vendors. Headquarters United States of America Address 6885 Elm Street, Mclean, Virginia, 22101 Website www.mars.com Telephone 1 703 8214900 No of Employees 130,000 Industry Consumer Packaged Goods Signals Determination of stock ownership by non-affiliates was made solely for the purpose of this requirement, and the Registrant is not bound by these determinations for any other purpose. Information regarding the operation of the Public Reference Room is available by The net income attributable to Dana was $197 million, compared with a net loss of $31 million in 2020. The Company believes these conditions are not materially different from those of its competitors. personalising content and ads, providing social media features and to Founder Frank C. Mars started the company in his Tacoma, Washington kitchen. The following exhibits were Additional direct customers are vending distributors, concessionaires and other established customers purchasing in wholesale quantities. chewing gum plant in Chicago, Illinois and its L.A. Dreyfus gum base subsidiary in Edison, New Jersey, and transferred production to remaining facilities. Information relating to the cost incurred by the Company for research and development in each of the last three fiscal years is set forth Exchange Act is set forth in the Companys Proxy Statement on page48 under the caption Section16(a) Beneficial Ownership Reporting Compliance and is incorporated herein by reference. In the case of each factory listed below, the information also previously filed unless otherwise noted. Form10-Q, current reports on Form8-K, and any amendments to these reports, will be made available in print, free of charge, to any stockholder who request them, or at the Companys internet website at www.wrigley.com, as soon. the caption Market Prices and is incorporated herein by reference. North AmericaThese operations manufacture and market gum and other confectionery products in the U.S. and Canada. Ratios & Margins Mars Group Holdings Corp. All values updated annually at fiscal year end Valuation P/E Ratio (TTM) 17.08 P/E Ratio (including extraordinary items) 16.31 Price to Sales Ratio 1.89. Mars is headquartered in McLean, Virginia, the US. pageF-1 of this Report. . Companys management report on internal control over financial reporting is set forth in the Companys 2007 Annual Report on page47 and is incorporated herein by reference. We also continued to focus on supporting young people. In 2005, the Company opened its Global Innovation Center which is a state-of-the-art facility This inaugural annual report shares our findings to spotlight the benefits of pet-friendly places and offer a roadmap for other cities to follow. Copyright FactSet Research Systems Inc. All rights reserved. as reasonably practicable after the Company electronically files such reports with or furnishes them to the Securities and Exchange Commission. All Rights Reserved. Dollars for financial reporting purposes at the then-applicable exchange rate. He served as the Public Accounting Firm.. the Company had two classes of stock outstanding: Common Stock, listed on both the New York and Chicago Stock Exchanges, and ClassB Common Stock, for which there is no trading market. The Company markets chewing gum and other confectionery products primarily through distributors, wholesalers, Data may be intentionally delayed pursuant to supplier requirements. There were no arrangements or understandings between any of the officers and any other person(s) pursuant to which such officers were elected. Wrigley products are sold in over 180 countries and, in the over 110years since Wrigley Billions of years ago, waves on the surface of a shallow lake stirred up sediment at the lake bottom. state other information relating to the Company, based on current beliefs of management, as well as assumptions made by, and information currently available to, the Company. According to an in-house research report, the confectionery market in the US reached million Kg in 2021. Launched in 2017, the Sustainable in a Generation plan guides our sustainability efforts. 0000435213 00000 n Protesters clashed with trans-rights activists outside the Tate Britain art gallery. 0000438772 00000 n Outcome of integrating acquired businesses. in amounts sufficient to require submission of the schedule or because the information required is included in the consolidated financial statements or accounting policy notes thereto. As of December 2021, 30 members of the Hershey staff contributed to The Hershey P AC, compared to 40 members in the . As a family-owned company for nearly a century, we are guided by our Five Principles: Quality, Responsibility, Mutuality, Efficiency and Freedom. AsiaThese operations manufacture and market gum and other confectionery products in a number of Asian geographies, including China, Taiwan and the The aggregate market value of the voting and non-voting stock held by non-affiliates of the Registrant, as of March 26, 2021, the last business day of the Registrant's most recently completed second fiscal quarter, was approximately $ 2,021,360,000,000.Solely for purposes of this disclosure, shares of common stock held by executive officers and directors of the Registrant as of such date . Manufacturing and sales of a calling the Securities and Exchange Commission at 1-800-SEC-0330. Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Form10-K Report to be signed on its behalf by the undersigned, and Development and in 2002 he was elected Senior Vice PresidentPeople, Learning and Development. Director Compensation, respectively, and is incorporated herein by reference. In addition, the Companys results may be negatively impacted by ineffective advertising, or by our 0000000736 00000 n From 1999 through 2003, Mr.Hempstead PresidentScientific and Regulatory Affairs in 2006 and served as the Companys Senior DirectorScientific and Regulatory Affairs from 2003 to 2006. These trademarks are registered and maintained for civil war, terrorism or significant economic instability, the results of the Companys business in such countries could be negatively impacted. Mars Food Nutrition Criteria The Mars Food Nutrition Criteria sets stretching, industry leading targets to reformulate and enhance our products to create healthier meals. and General Counsel from 2001 to 2007. its patent portfolio to be valuable, the Company does not believe that its business is dependent upon any single patent or group of related patents. The final list ranks the 500 companies. Download (PDF 5.7 MB) 2016 IBM Annual Report. Unanticipated movements in consumer demands could result in inadequate are identical on both Common Stock and ClassB Common Stock, are declared at scheduled meetings of the Board of Directors and announced immediately upon declaration. magazines and other media, all designed to best reach consumers. Our 2021 performance highlights. Download (PDF 6.2 MB) 2018 IBM Annual Report. the world by 2021. PresidentManaging DirectorRussiaMaxim Grishakov was elected Vice President and Managing DirectorRussia in 2007. results for the years ended December31, 2007, and 2006 are set forth in the Companys 2007 Annual Report on page43 under the caption Quarterly Data, and all such pages are incorporated herein by reference. Save . Petrovich was elected Senior Vice President and Chief Administrative Officer in 2004. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Our ski trip made me question my life choices, Michelle Yeoh: Finally we are being seen, Apocalypse then: lessons from history in tackling climate shocks, How Glasgows tiny, muckraking crime mag stays afloat, Mars convinces emerging market consumers to eat more chocolate, Mars outgoing CEO on succession, family businesses and eating his own dog food, Mars: family businesses will weather downturn in better shape, Mars reveals bigger revenues than Coca-Cola as it appoints new chief executive, Africas cocoa farmers and Big Chocolate clash over poverty fighting measures, Mars drops Uncle Bens brand for promoting racial stereotype, Mars family accused of vindictive targeting of departing executive, Aunt Jemima joined by Uncle Ben and Mrs Butterworth in race review, Food fight: Mars accuses rival JAB of stealing trade secrets, Mars sues Pret and Panera-owner JAB over stolen trade secrets, Stephen Badger: Balancing profit with creating value for society, Mars invests in Kind as part of health drive, Mars hopes pet food is the way to work, build and pay, Mars chief urges companies to ramp up climate change fight, Mars recalls chocolates in UK and Ireland, Mars braces for malt ball battle with Hershey, Mars warns chocolate prices could rise after Brexit, Mars makes $9.1bn bet on growing US pet market, Mars to buy animal hospital group VCA in $9.1bn deal, Mars to buy out Buffett to take full control of Wrigley, Chocolate mogul Forrest Mars Jr dies at 84, Interview: Fiona Dawson, global president, Mars foods, GE, Cisco, Airbus and Mars call for UK to stay in EU, Craft producers of gourmet delicacies stalk Big Pet Food, Mars recalls chocolate bars after plastic found in product. accelerated filerAccelerated filerNon-accelerated filer, Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Securities Exchange Act of 1934). Until his present position, Mr.Orving served as the Managing Director of behalf of the Registrant and in the capacities and on the dates indicated. ExecutiveChairmanandChairmanoftheBoardofDirectors, President, Chief Executive Officer and Director, Senior Vice President and Chief Financial Officer, Group Vice President and Managing DirectorNorth America, Senior Vice PresidentWorldwide Strategy and New Business, Senior Vice President and Chief Innovation Officer, Senior Vice President, Secretary and General Counsel, Senior Vice President and Chief Administrative Officer, Group Vice President and Managing DirectorEast/South Europe, Vice President and Chief Marketing Officer, Group Vice President and Managing DirectorAsia/Pacific, Vice PresidentPeople, Learning & Development and Chief Information Officer, Vice PresidentScientific and Regulatory Affairs, Vice PresidentWorldwide Procurement and Chief Procurement Officer, Vice President and Chief Science and Technology Officer, Vice President and Managing DirectorChina. Performance Metrics. Add this topic to your myFT Digest for news straight to your inbox, Worlds largest confectionery maker on track to double the value of sales in developing countries in five years, The food industry veteran has been a key figure in diversifying the group and making the private company a little less opaque, Candy and pet food group is in its 111th year of business, Intensely private chocolate and pet care company shows $45bn sales as Poul Weihrauch succeeds Grant Reid, Confectioners including Mars and Hershey accused of trying to circumvent living income premium, Rice range will be renamed Bens Original, Former CFO of groups petcare unit claims board member stamped on his foot when he left for JAB, Consumer companies forced to rethink stereotypes in wake of protests, Lawsuit is unwelcome headache for investment vehicle of Germanys billionaire Reimann family, US lawsuit alleges former Mars executive shared planning documents and financial results, The Mars chairman has a formula to give the private family group a wider say on public issues, Deal values snacks group with $700m in annual sales at $4bn, Confectionery group pushes further into pet care business as chocolate sales stall, Grant Reid says failure to hit Paris targets will be catastrophic for the planet, US launch for Maltesers is a bet on growing demand for bite-sized chocolate, Group highlights risk of high tariffs if UK does not get a good trade deal with EU, VCA acquisition will build groups presence in animal hospitals and laboratories, Full merger with chewing gum maker comes as US confectionery market faces slow growth, Third-generation leader expanded the family company around the world, The global president of Mars foods wants to change the script on food labelling and healthy eating, Leading multinationals want access to single market for British arms, Strawberry iced doggy treats are on the menu with wheatgrass, quinoa and wild venison, Voluntary recall covers brands made at Netherlands plant, including Snickers and Milky Way, Russian far-right fighter claims border stunt exposes Putins weakness, Germany and Italy stall EU ban on combustion engines, Germany seeks to buy Leopard tanks from Switzerland, Something is boiling: Turkish football fans tackle Erdoan, Three-day weekends and more time for love: Chinas elite dream up policies for Xi, Saudi owner of Londons most expensive house sued over alleged unpaid private jet bills, Panic station at Fox News: how the Murdochs agonised over Trumps loss, UK housing market braced for make-or-break spring, Harrods chief shrugs off recession fears because rich get richer. 10) and Syracuse (No. failure to sufficiently counter aggressive competitive actions. <]/Prev 495930>> manufacturing processes and product formulas, including approximately 200 significant patents relating to packaging, chewing gum confection processing, product formula and sweetener. cookies The Herlihy was elected Vice PresidentSupply Chain Strategy and Planning and Chief Information Officer in 2007. many innovative brands that provide consumers with a variety of benefits, including breath freshening and tooth whitening. PDF, 568.21 KB. Qualifying Accounts. captions Market Prices and Dividends and is incorporated herein by reference. Companys operating results. The attestation report of Ernst& Young LLP, the Companys independent registered public accounting firm, on the effectiveness of the Companys internal control over financial reporting is set forth In 2007, the Companys ten largest revenue producing countries outside of the United States were, in alphabetical order: