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Insider activity overview: On 07/02/2025 ZimVie Inc. (ZIMV) filed a Form 4 indicating that independent director Richard Kuntz acquired 1,340.909 Deferred Share Units (DSUs) on 06/30/2025 under the company’s Deferred Compensation Plan for Non-Employee Directors.

� Economic terms: Each DSU is economically equivalent to one share of ZimVie common stock (1-for-1 conversion). The filing lists a reference price of $9.35 but the footnote clarifies the award settles in cash once board service ends.

� Post-transaction holdings: Kuntz now beneficially owns 12,410.656 DSUs; no open-market purchases or sales of common shares were reported. Ownership remains direct, and no derivative instruments with an expiration schedule were created.

� Materiality assessment: The transaction represents routine non-cash director compensation and does not alter ZimVie’s capital structure or cash flows. Therefore, it is considered neutral for near-term valuation but it modestly aligns director incentives with shareholder performance over time.

Bank of Montreal (BMO) is issuing US$90,000 of Senior Medium-Term Notes, Series K—“Digital Return Barrier Notes� due July 3, 2030. The notes are unsecured, unsubordinated obligations linked to the least-performing of three U.S. equity benchmarks: the NASDAQ-100 Index (NDX), the Russell 2000 Index (RTY) and the Dow Jones Industrial Average (INDU).

Key economic terms

• Digital Return: 61.00% of principal.
• Digital Barrier Level: 100% of each index’s initial level (no decline permitted for the digital payout).
• Barrier Level: 70% of initial level. If the least-performing index closes below this level on the valuation date, principal is lost 1-for-1 with the index decline (up to âˆ�100%).
• Upside Participation: If the least-performing index gains more than 61%, holders receive full participation in that appreciation.
• Tenor: 5-year term, priced June 30 2025, settles July 3 2025, matures July 3 2030.
• Denomination: $1,000; CUSIP 06376EGB2.
• Issue price: 100% of face; agent’s commission 0.50%.
• Estimated initial value: $962.30 per $1,000 note (reflecting structuring and hedging costs).

Risk highlights

• No periodic interest and no principal protection below a 30% index decline.
• Performance tied solely to the worst-performing index; positive moves in the other two indices do not help if one underperforms.
• Credit risk: payments depend on BMO’s ability to pay; the notes are not FDIC or CDIC insured.
• Limited liquidity: the notes are not exchange-listed; any secondary trading is at the agent’s discretion and likely at a discount.
• Tax treatment uncertain; issuer assumes prepaid derivative contract characterization.

Illustrative payouts from the issuer’s table:

• Index up 10% â†� investor receives $1,610 (61% fixed return).
• Index unchanged â†� investor still receives $1,610 (61%).
• Index down 20% (above 70% barrier) â†� investor receives principal ($1,000).
• Index down 40% â†� investor receives $600 (40% loss).

Because the face amount is de minimis relative to BMO’s balance sheet and no new financial information about the bank is provided, the filing is not considered material to BMO equity investors. It is, however, essential for prospective purchasers of the specific structured note.

This is an Annual Report to Security Holders (ARS) filing from The J.M. Smucker Company (SJM) filed on June 28, 2025. The filing is available only in PDF format and was accepted by the SEC on June 27, 2025.

An ARS filing typically contains comprehensive information about a company's financial condition and business operations that is sent to shareholders. However, the actual content of the report is not provided in this filing notification, only the metadata and PDF availability notice.

Key points:

• Filing Type: Annual Report to Security Holders (ARS)
• Filing Date: June 28, 2025
• Acceptance Date: June 27, 2025
• Format: PDF Document

J.M. Smucker (NYSE:SJM) filed definitive additional proxy materials for its 2025 Annual Meeting set for August 13, 2025. The notice grants online access to the 2025 Proxy Statement and Annual Report and lists three routine proposals:

• Election of nine directors whose terms will expire in 2026
• Ratification of Ernst & Young LLP as independent auditor for fiscal 2026
• Advisory vote on executive compensation (Say-on-Pay)

Voting deadlines are August 12 2025 (plan shares August 10). No new strategic items, share issuances, or fee disclosures were included; no SEC filing fee was required.

The J.M. Smucker Company (SJM) filed its FY-2025 definitive proxy (DEF 14A), highlighting a year of resilient growth, successful acquisition integration and continued shareholder returns.

Financial performance. Net sales climbed to $8.7 billion, a 7 % increase versus FY-2024, driven by the core portfolio that still represents roughly 85 % of revenue. Adjusted earnings per share reached $10.12, up 2 %, while free cash flow rose $174 million to $817 million. Management returned $455 million to shareholders through dividends.

Hostess Brands acquisition. The company realized approximately $75 million in cost synergies during the first year of ownership and reaffirmed confidence in stabilizing and reigniting Hostess® brand growth. Synergy capture, disciplined cost management and ongoing “Transformation� initiatives underpin the long-term ambition to generate more than $1 billion in annual free cash flow.

Strategic priorities for FY-2026.

• Accelerate organic growth via increased brand investment and deeper collaboration with strategic customers.
• Maintain cost discipline and cash generation to support capital allocation priorities.
• Advance sustainability and community impact commitments, including continued renewable-energy projects and philanthropic partnerships.

Purpose and ESG highlights. SJM donated over $10 million to more than 100 partners, expanded programs supporting smallholder coffee farmers, launched the “Berry Good Reading� literacy effort with Akron Children’s Hospital, and celebrated the first full year of the Sunflower Wind Farm. Ethisphere again named SJM one of the World’s Most Ethical Companies.

Overall, the proxy underscores steady top- and bottom-line progress, successful integration of Hostess Brands, and management’s confidence in achieving long-term cash-flow and growth objectives while sustaining robust community and environmental initiatives.

The J.M. Smucker Company's 2025 10-K filing reveals significant operational changes and segment performance. The company's business is structured across five major segments: U.S. Retail Coffee, U.S. Retail Pet Foods, U.S. Retail Frozen Handheld and Spreads, Sweet Baked Snacks, and International/Other.

Key developments include:

• Integration of Hostess Brands acquisition, expanding sweet snacks portfolio
• Divestiture of certain pet food brands to Post Holdings
• Sale of Sahale Snacks and Canada condiment business
• Announced restructuring of Indianapolis bakery operations

Notable customer concentration risk continues with Walmart representing a significant portion of net sales. The company maintains a diverse product portfolio including coffee, pet food, peanut butter, fruit spreads, and sweet baked goods. Operational focus remains on portfolio optimization, cost management, and strategic growth initiatives.