MKC - McCormick & Company, Incorporated

NYSE - NYSE Delayed Price. Currency in USD

McCormick & Company, Incorporated

24 Schilling Road
Suite 1
Hunt Valley, MD 21031
United States
410-771-7301
http://www.mccormickcorporation.com

SectorConsumer Defensive
IndustryPackaged Foods
Full Time Employees11,600

Key Executives

NameTitlePayExercisedYear Born
Mr. Lawrence E. KurziusChairman, Pres & CEO4.94M8.79M1958
Mr. Michael R. SmithExec. VP & CFO1.41M1.73M1965
Mr. Jeffery D. SchwartzVP, Gen. Counsel & Corp. Sec.1.24M498.45k1970
Mr. Malcolm S. SwiftPres of Global Flavor Solutions & McCormick International1.74M2.49M1960
Mr. Brendan F. FoleyPres of Global Consumer & Americas1.89M1.51M1966
Amounts are as of December 31, 2018 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

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts. This segment markets its products under the McCormick, French, Frank's RedHot, Lawry's, Club House, Gourmet Garden, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brand names in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brand names in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors or wholesalers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

Corporate Governance

McCormick & Company, Incorporated’s ISS Governance QualityScore as of July 29, 2019 is 10. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 10; 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.