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Landec Corp. (LNDC)

-NasdaqGS

13.88 Down 0.08(0.57%) May 24, 4:00PM EDT

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Landec Corp.
3603 Haven Avenue
Menlo Park, CA 94025
United States - Map
Phone: 650-306-1650
Fax: 650-368-9818
Website: http://www.landec.com

Details 
Index Membership:N/A
Sector:Basic Materials
Industry:Chemicals - Major Diversified
Full Time Employees:532

Business Summary 

Landec Corporation designs, develops, manufactures, and sells polymer products for food and agricultural products, medical devices, and licensed partner applications, which incorporate its patented polymer technologies. The company’s proprietary polymer technology platforms include Intelimer polymers, a crystalline hydrophobic polymer, which responds to the temperature changes; and Hyaluronan Biopolymer, a non-crystalline hydrophilic polymer that exists naturally within the human body. Its Food Products Technology segment markets and packs specialty packaged whole and fresh-cut vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food services industry. This segment also sells BreatheWay packaging to partners for non-vegetable products. The company’s Food Export segment purchases and sells whole commodity fruit and vegetable products primarily to Asian markets. Its Hyaluronan-based Biomaterials segment sells products utilizing hyaluronan, a naturally occurring polysaccharide that is distributed in the extracellar matrix of connective tissues in animals and humans for medical use primarily in the ophthalmic, orthopedic, and veterinary markets. This segment also supplies hyaluronan to customers pursuing other medical applications, such as aesthetic surgery, medical device coatings, tissue engineering, and pharmaceuticals. The company’s Technology Licensing segment licenses Intellicoat, a proprietary seed coating technology to the farming industry; and Intelimer polymers for personal care products and other industrial products. Landec Corporation sells its products in the United States, Indonesia, Taiwan, Canada, Belgium, Japan, and internationally. The company was founded in 1986 and is based in Menlo Park, California.

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Corporate Governance 
Landec Corp.’s ISS Governance QuickScore as of May 1, 2013 is 3. The pillar scores are Audit: 1; Board: 6; Shareholder Rights: 1; Compensation: 6.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
 PayExercised
Mr. Gary T. Steele , 64
Chairman, Chief Exec. Officer and Pres
867.00K77.00K
Mr. Gregory S. Skinner , 52
Chief Financial Officer, Principal Accounting Officer, VP of Fin. and VP of Admin.
493.00K9.00K
Ms. Molly A. Hemmeter , 46
Chief Commercial Officer
446.00K0.00
Mr. Ronald Lane Midyett , 47
VP, Chief Exec. Officer of Apio Inc and Pres of Apio Inc
483.00K130.00K
Mr. Dennis J. Allingham , 62
VP, Chief Exec. Officer of Lifecore Biomedical, Pres of Lifecore Biomedical and Director of Lifecore Biomedical
547.00K0.00
Amounts are as of Dec 30, 2012 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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