Lancaster Colony Management

Management criteria checks 2/4

Lancaster Colony's CEO is Dave Ciesinski, appointed in Apr 2016, has a tenure of 6.75 years. total yearly compensation is $5.03M, comprised of 17.7% salary and 82.3% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth €10.90M. The average tenure of the management team and the board of directors is 3.3 years and 6.1 years respectively.

Key information

Dave Ciesinski

Chief executive officer

US$5.0m

Total compensation

CEO salary percentage	17.7%
CEO tenure	8yrs
CEO ownership	0.2%
Management average tenure	3.3yrs
Board average tenure	6.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave Ciesinski's remuneration changed compared to Lancaster Colony's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$129m
Sep 30 2023	n/a	n/a	US$117m
Jun 30 2023	US$5m	US$890k	US$111m
Mar 31 2023	n/a	n/a	US$131m
Dec 31 2022	n/a	n/a	US$102m
Sep 30 2022	n/a	n/a	US$96m
Jun 30 2022	US$4m	US$845k	US$89m
Mar 31 2022	n/a	n/a	US$92m
Dec 31 2021	n/a	n/a	US$125m
Sep 30 2021	n/a	n/a	US$136m
Jun 30 2021	US$4m	US$820k	US$142m
Mar 31 2021	n/a	n/a	US$141m
Dec 31 2020	n/a	n/a	US$134m
Sep 30 2020	n/a	n/a	US$133m
Jun 30 2020	US$4m	US$800k	US$137m
Mar 31 2020	n/a	n/a	US$139m
Dec 31 2019	n/a	n/a	US$148m
Sep 30 2019	n/a	n/a	US$152m
Jun 30 2019	US$4m	US$775k	US$150m
Mar 31 2019	n/a	n/a	US$150m
Dec 31 2018	n/a	n/a	US$147m
Sep 30 2018	n/a	n/a	US$145m
Jun 30 2018	US$3m	US$750k	US$135m
Mar 31 2018	n/a	n/a	US$131m
Dec 31 2017	n/a	n/a	US$118m
Sep 30 2017	n/a	n/a	US$111m
Jun 30 2017	US$2m	US$615k	US$115m

Compensation vs Market: Dave's total compensation ($USD5.03M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.

CEO

Dave Ciesinski (57 yo)

8yrs

Tenure

US$5,029,587

Compensation

Mr. David A. Ciesinski, also known as Dave, serves as Independent Director at Essential Utilities, Inc. since July 2, 2021. Mr. Ciesinski has been Chief Executive Officer of Lancaster Colony Corporation si...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Ciesinski	President	8yrs	US$5.03m	0.23% $ 10.9m
Thomas Pigott	VP, Assistant Secretary & CFO	5yrs	US$1.87m	0.045% $ 2.2m
John Gerlach	Executive Director	less than a year	US$315.79k	24.04% $ 1.2b
Carl Stealey	President of Retail Division at T. Marzetti Company	5.5yrs	US$1.29m	0.019% $ 928.4k
Kristin Bird	President of Foodservice Division of T. Marzetti Company	4.6yrs	US$1.31m	0.012% $ 588.4k
Luis Viso	Chief Supply Chain Officer of T. Marzetti Company	less than a year	US$1.16m	0.0094% $ 453.4k
Dale Ganobsik	Vice President of Corporate Finance	1.3yrs	no data	no data
Matthew Shurte	General Counsel	no data	no data	no data
Janet Murch	VP & Corporate Controller	1.9yrs	no data	no data

3.3yrs

Average Tenure

57yo

Average Age

Experienced Management: LC1's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Ciesinski	President	6.8yrs	US$5.03m	0.23% $ 10.9m
John Gerlach	Executive Director	39.3yrs	US$315.79k	24.04% $ 1.2b
Alan Harris	Independent Chairman	15.9yrs	US$234.36k	0.086% $ 4.2m
Robert Fox	Independent Director	33.3yrs	US$216.86k	1.26% $ 60.7m
Barbara Brasier	Independent Director	4.4yrs	US$214.98k	0.011% $ 535.0k
Michael Keown	Independent Director	5.4yrs	US$206.86k	0.013% $ 626.8k
George Knight	Independent Director	less than a year	no data	0.0025% $ 121.5k
Robert Ostryniec	Independent Director	9.4yrs	US$229.98k	0.026% $ 1.2m
Zena Arnold	Independent Director	1.3yrs	US$18.75k	0.0025% $ 121.5k
Elliot Fullen	Independent Director	3.2yrs	US$214.98k	0.0083% $ 401.0k

6.1yrs

Average Tenure

63yo

Average Age

Experienced Board: LC1's board of directors are considered experienced (6.1 years average tenure).

Lancaster Colony Management

Management criteria checks 2/4

Key information

Recent management updates

Lancaster Colony Corporation Announces Board Changes

Lancaster Colony Appoints George Knight to Board of Directors

Lancaster Colony Corporation, Annual General Meeting, Nov 08, 2023

Lancaster Colony Corporation Appoints Zena Srivatsa Arnold to its Board of Directors

Lancaster Colony Corporation Announces Resignation of Neeli Bendapudi from the Board of Directors

Insider recently sold €286k worth of stock

Recent updates

Lancaster Colony Corporation to Report Q3, 2024 Results on May 02, 2024

Upcoming dividend of US$0.90 per share

Second quarter dividend of US$0.90 announced

Lancaster Colony Corporation Declares Quarterly Dividend, Payable on March 29, 2024

Second quarter 2024 earnings released: EPS: US$1.88 (vs US$1.45 in 2Q 2023)

Lancaster Colony Corporation to Report Q2, 2024 Results on Feb 01, 2024

Lancaster Colony Corporation Announces Board Changes

Upcoming dividend of US$0.90 per share at 2.1% yield

Lancaster Colony Corporation Increases Regular Quarterly Cash Dividend, Payable on December 29, 2023

First quarter 2024 earnings released: EPS: US$1.60 (vs US$1.37 in 1Q 2023)

Lancaster Colony Corporation to Report Q1, 2024 Results on Nov 02, 2023

Lancaster Colony Appoints George Knight to Board of Directors

Upcoming dividend of US$0.85 per share at 2.0% yield

Full year 2023 earnings released: EPS: US$4.05 (vs US$3.26 in FY 2022)

Lancaster Colony Corporation, Annual General Meeting, Nov 08, 2023

Lancaster Colony Corporation Declares Quarterly Cash Dividend, Payable on September 29, 2023

Lancaster Colony Corporation to Report Q4, 2023 Results on Aug 23, 2023

Lancaster Colony Corporation(NasdaqGS:LANC) dropped from Russell 2000 Value Index

Upcoming dividend of US$0.85 per share at 1.7% yield

Lancaster Colony Corporation Declares Quarterly Cash Dividend, Payable June 30, 2023

Lancaster Colony Corporation Appoints Zena Srivatsa Arnold to its Board of Directors

Third quarter 2023 earnings released: EPS: US$0.89 (vs US$0.17 loss in 3Q 2022)

Upcoming dividend of US$0.85 per share at 1.8% yield

Second quarter 2023 earnings released: EPS: US$1.45 (vs US$1.25 in 2Q 2022)

Lancaster Colony Corporation to Report Q2, 2023 Results on Feb 02, 2023

Lancaster Colony Corporation Announces Resignation of Neeli Bendapudi from the Board of Directors

Insider recently sold €286k worth of stock

Insufficient new directors

Upcoming dividend of US$0.85 per share

President recently sold €458k worth of stock

President recently sold €458k worth of stock

Lancaster Colony Corporation Increases Regular Cash Dividend, Payable December 30, 2022

First quarter 2023 earnings released: EPS: US$1.37 (vs US$1.11 in 1Q 2022)

Lancaster Colony Corporation to Report Q1, 2023 Results on Nov 03, 2022

Upcoming dividend of US$0.80 per share

Full year 2022 earnings released: EPS: US$3.26 (vs US$5.17 in FY 2021)

Lancaster Colony Corporation, Annual General Meeting, Nov 09, 2022

Lancaster Colony Corporation to Report Q4, 2022 Results on Aug 25, 2022

Upcoming dividend of US$0.80 per share

VP, Assistant Secretary & CFO recently bought €92k worth of stock

Lancaster Colony Corporation Declares Quarterly Cash Dividend, Payable on June 30, 2022

Third quarter 2022 earnings released: US$0.16 loss per share (vs US$1.05 profit in 3Q 2021)

Lancaster Colony Corporation to Report Q3, 2022 Results on May 05, 2022

Upcoming dividend of US$0.80 per share

Lancaster Colony Corporation Declares Quarterly Cash Dividend, Payable March 31, 2022

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Lead Independent Director recently bought €443k worth of stock

Upcoming dividend of US$0.80 per share

First quarter 2022 earnings released: EPS US$1.11 (vs US$1.35 in 1Q 2021)

Upcoming dividend of US$0.75 per share

Full year 2021 earnings released: EPS US$5.18 (vs US$4.98 in FY 2020)

Upcoming dividend of US$0.75 per share

Lancaster Colony Corporation Declares Quarterly Cash Dividend, Payable on June 30, 2021

Third quarter 2021 earnings released: EPS US$1.05 (vs US$0.81 in 3Q 2020)

New 90-day high: €154

Insider recently sold €248k worth of stock

New 90-day high: €151

Second quarter 2021 earnings released: EPS US$1.62 (vs US$1.58 in 2Q 2020)

Revenue beats expectations

Lancaster Colony Corporation to Report Q2, 2021 Results on Feb 04, 2021

New 90-day low: €138

Revenue beats expectations

First quarter 2021 earnings released: EPS US$1.35

New 90-day high: €156

New 90-day high - €150

Earnings released

Lancaster Colony Corporation to Report Q4, 2020 Results on Aug 27, 2020

Lancaster Colony Corporation(NasdaqGS:LANC) dropped from Russell Small Cap Comp Value Index

CEO Compensation Analysis