Company: SENEA
Filing Date: 2025-07-07
Form Type: DEF 14A
Source: 0001437749-25-022256
Chunk: 28

Company: Seneca Foods Corp
Filing Date: 2025-07-07
Form: DEF 14A
Chunk 28
---
 steel, commodities, labor, ingredients, packaging, fuel, and transportation.

Compensation of Directors

Under the director compensation program, each non-employee director is paid a quarterly cash retainer of $20,000. Mr. Palmby, as a current officer of the Company, did not receive any compensation for serving the Company as a member of the Board of Directors. The Company’s non-employee directors received the following aggregate amounts of compensation for the fiscal year ended March 31, 2025:

| Name              |     | Fees Earned or 
 Paid in Cash   |        |
|:------------------|:----|:---------------|-------:|
| Kraig H. Kayser   |     | $              | 80,000 |
| Kathryn J. Boor   |     | $              | 80,000 |
| Peter R. Call     |     | $              | 80,000 |
| John P. Gaylord   |     | $              | 80,000 |
| Linda K. Nelson   |     | $              | 80,000 |
| Donald J. Stuart  |     | $              | 80,000 |
| Bruce E. Ware     |     | $              | 80,000 |
| Keith A. Woodward |     | $              | 80,000 |

<div align='center'>20</div>

Compensation Committee Interlocks

As noted above, the Compensation Committee is currently comprised of three independent directors: Mr. Gaylord (Chair), Dr. Boor, and Mr. Woodward. No member of the Compensation Committee is or was formerly an officer or an employee of the Company. No executive officer of the Company serves as a member of the board of directors and compensation committee of any entity that has one or more executive officers serving as a member of the Company’s Board of Directors, nor has such interlocking relationship existed in the past three years.

Certain Transactions and Relationships

According to written policy of the Audit Committee, any related party transactions, excluding compensation, which is delegated to the Compensation Committee, involving one of the Company’s directors or executive officers, must be reviewed and approved by the Audit Committee. Any member of the Audit Committee who is a related party with respect to a transaction under review may not participate in the deliberations or vote on the approval or ratification of the transaction. Related parties include any of the Company’s directors or executive officers, certain of the Company’s stockholders and their immediate family members. To identify any related party transactions