LNDC - Landec Corporation

NasdaqGS - NasdaqGS Delayed Price. Currency in USD

Landec Corporation

3603 Haven Avenue
Menlo Park, CA 94025
United States
650-306-1650
http://www.landec.com

SectorConsumer Goods
IndustryFarm Products
Full Time Employees670

Key Executives

NameTitlePayExercisedAge
Ms. Molly A. HemmeterPres, CEO & Director825.98k287.62k50
Mr. Gregory S. SkinnerVP of Fin. & Admin. and CFO549.9k681.57k56
Mr. Ronald Lane MidyettChief Operating Officer400.01kN/A51
Dr. Steven P. Bitler Ph.D.VP of Corp. Technology335.47k336.7k59
Mr. Geoffrey P. LeonardSec.N/AN/AN/A
Amounts are as of December 31, 2017 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

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through three segments: Packaged Fresh Vegetables, Food Export, and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products. The Food Export segment purchases and sells whole commodity fruit and vegetable products primarily to Asian markets. The Biomaterials segment sells products utilizing sodium hyaluronate (HA), a naturally occurring polysaccharide that is distributed in the extracellular matrix of connective tissues in animals and humans, and non-HA products for medical use primarily in the ophthalmic, orthopedic, and other markets, as well as supplies HA to customers pursuing other medical applications, such as aesthetic surgery, medical device coatings, tissue engineering, and pharmaceuticals. It also operates as a contract development and manufacturing organization, which specializes in fermentation and aseptic formulation, filling, and packaging services. The company also researches, develops, and licenses Landec’s Intelimer polymers for agricultural products, personal care products, and other industrial products. Landec Corporation sells its products in the United States, Canada, Taiwan, Belgium, China, Indonesia, Japan, and other countries. The company was founded in 1986 and is headquartered in Menlo Park, California.

Corporate Governance

Landec Corporation’s ISS Governance QualityScore as of November 1, 2017 is 3. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 2; Compensation: 7.

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.