UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
On December 2, 2020, the Board of Directors of Seaboard Corporation (the “Company”) elected David H. Rankin, age 49, to the office of Executive Vice President, Chief Financial Officer, effective immediately. Mr. Rankin has served as Seaboard's Senior Vice President, Taxation and Business Development since April 2015, and as its Vice President, Taxation and Business Development since April 2013. As a result of the promotion, it is expected that Mr. Rankin’s compensation will be increased, but no decision as to the new compensation terms have been made as of the date of this filing.
There are no arrangements or understandings between Mr. Rankin and any other person pursuant to which Mr. Rankin was appointed or elected to this position, and there is no family relationship between Mr. Rankin and any of the Company’s other directors or executive officers. Mr. Rankin is not a party to any current or proposed transaction with the Company for which disclosure is required under Item 404(a) of Regulation S-K.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: December 8, 2020 | ||||||||
Seaboard Corporation | ||||||||
(Registrant) | ||||||||
By: | /s/ Robert L. Steer | |||||||
Robert L. Steer President, Chief Executive Officer | ||||||||
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