Seneca Foods (SENE) Proxy filing summary

Executive summary

• Special meeting set for Nov. 4, 2026; shareholders will vote on a five-for-one forward stock split and removal of Preferred Stock Without Par Value from authorized shares. Both amendments require approval to take effect.

Voting matters and shareholder proposals

• Proposal 1 covers the split, proportional increases in authorized shares, reductions in specified per-share values, and related preferred-stock adjustments; Proposal 2 removes the authorized Preferred Stock Without Par Value.

• Approval of each proposal requires a majority of votes cast, assuming a quorum; abstentions count like votes against, while broker non-votes have no effect.

• Record holders as of Sept. 14, 2026 may vote; Class A Common Stock carries 1/20 vote per share, while Class B Common and the voting preferred shares carry one vote per share.

Board of directors and corporate governance

• On Sept. 21, 2026, the Board unanimously approved both amendments and recommends a FOR vote on each; both proposals are mutually conditioned on approval of the other.

• After shareholder approval, the Board retains discretion not to proceed with the split before filing if it determines the action is no longer in shareholders’ best interests.