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Ingles Markets, Incorporated (IMKTA)

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Ingles Markets, Incorporated

2913 U.S. Highway 70 West
Black Mountain, NC 28711
United States
828-669-2941

SectorServices
IndustryGrocery Stores
Full Time Employees9,540

Key Executives

NameTitlePayExercisedAge
Mr. James W. LanningChief Exec. Officer, Pres and Director1.07MN/A58
Mr. Ronald B. Freeman CPAChief Financial Officer, Pres of Fin. and Director451.56kN/A60
Mr. L. Keith CollinsDirector and Pres of Milko Inc275.66kN/A60
Pat Jackson CPASec. and ControllerN/AN/AN/A
Amounts are as of December 31, 2016 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.

Description

Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. Its supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods and other perishables, and non-food products; and non-food products, such as fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items. The company modern stores provide home meal replacement items, delicatessens, bakeries, floral departments, and greeting cards, as well as various selections of organic, beverage, and health-related items. As of September 24, 2016, it operated 192 supermarkets under the Ingles name; and 9 supermarkets under the Sav-Mor name in western North Carolina, western South Carolina, northern Georgia, eastern Tennessee, southwestern Virginia, and northeastern Alabama, as well as 99 in-store pharmacies and 93 fuel centers. In addition, it is involved in the fluid dairy operation and shopping center rental businesses. Ingles Markets, Incorporated was founded in 1963 and is headquartered in Black Mountain, North Carolina.

Corporate Governance

Ingles Markets, Incorporated’s ISS Governance QualityScore as of September 1, 2017 is 9. The pillar scores are Audit: 10; Board: 10; Shareholder Rights: 10; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.