Company: SENEA
Filing Date: 2025-07-07
Form Type: DEF 14A
Source: 0001437749-25-022256
Chunk: 26

Company: Seneca Foods Corp
Filing Date: 2025-07-07
Form: DEF 14A
Chunk 26
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Pay Ratio Disclosure

In accordance with SEC rules, we are reporting our CEO pay ratio. As set forth in the Summary Compensation Table, our CEO’s annual total compensation for fiscal year 2025 was $1,012,423. Our median employee’s annual total compensation was $72,954, resulting in a CEO pay ratio of 14:1.

As permitted under SEC rules, we may identify our median employee for purposes of providing pay ratio disclosure once every three years, provided that there has been no change in the employee population or employee compensation arrangements that we reasonably believe would result in a significant change to the 2025 pay ratio disclosure. Accordingly, we have calculated our disclosure based on the median employee identified as of February 28, 2023. For details on our process for identifying the median employee refer to the “Pay Ratio Disclosure” section in our 2023 proxy statement filed with the SEC on July 7, 2023.

This information is being provided for compliance purposes. Neither the Compensation Committee nor management of the Company used the pay ratio measure in making compensation decisions. Given the different methodologies that companies use to determine an estimate of their pay ratio, the estimated ratio reported above should not be used as a basis for comparison between companies.

Pay Versus Performance Disclosure

The following table and supporting graphics present information relating to executive compensation and financial performance measures for the fiscal years ended March 31, 2025, 2024, 2023, 2022 and 2021 in satisfaction of Item 402(v) of Regulation S-K. Please see the “Compensation Discussion and Analysis” section for an overview of the Company’s compensation programs.

| (1)    
 Fiscal 
 Year   |     | Summary   
 Compen-   
 sation    
 Table     
 Total for 
 First     
 PEO       
 (Palmby)  |           |     | Summary   
 Compen-   
 sation    
 Table     
 Total for 
 Second    
 PEO       
 (Kayser)  |         |     | (2)      
 Compen-  
 sation   
 Actually 
 Paid to  
 First    
 PEO      
 (Palmby) |           |     | (2)      
 Compen-  
 sation   
 Actually 
 Paid to  
 Second   
 PEO      
 (Kayser) |         |     | Average   
 Summary   
 Compen-   
 sation    
 Table     
 Total for 
 Non-PEO   
 Named     
 Executive 
 Officers  |         |     | (2)       
 Average   
 Summary