Annual Report — Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K Annual Report for Fiscal Year Ended January 1, HTML 170K
2005
2: EX-4.02 Five Year Credit Facility Dated as of November 24, 106 444K
2004
3: EX-10.18 Employment Letter Between James M. Jenness 6 32K
4: EX-10.19 Separation Agreement Between the Company and 9 42K
Carlos Gutierrez
5: EX-10.28 2003 Long-Term Incentive Plan 13 81K
6: EX-10.34 Annual Incentive Plan 12 51K
7: EX-10.36 2005-2007 Executive Performance Plan 2 13K
8: EX-10.38 2003-2005 Executive Performance Plan 2 14K
9: EX-10.39 First Amendment to the Key Executive Benefits Plan 2 11K
10: EX-13.01 Annual Report to Share Owners for the Fiscal Year 69± 278K
11: EX-21.01 Domestic and Foreign Subsidiaries 3 21K
12: EX-23.01 Consent of Independent Registered Public 1 9K
Accounting Firm
13: EX-24.01 Powers of Attorney Authorizing Gary H. Pilnick 11 25K
14: EX-31.1 Rule 13A-14(A)/15D-14(A) Certification by James M. 2± 12K
Jenness
15: EX-31.2 Rule 13A-14(A)/15D-14(A) Certification by Jeffrey 2± 12K
Boromisa
16: EX-32.1 Section 1350 Certification by James M. Jenness 1 8K
17: EX-32.2 Section 1350 Certification by Jeffrey Boromisa 1 8K
EX-10.34 — Annual Incentive Plan
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EXHIBIT 10.34
KELLOGG COMPANY
ANNUAL INCENTIVE PLAN
MAY 2003
1. PURPOSE
The purpose of the Kellogg Company Annual Incentive Plan ("AIP") is to
encourage Participants to achieve the objectives of the Kellogg Company
and its Business Units (collectively, the "Company") through financial
incentives aimed to improve the overall success and profitability of the
Company.
2. GENERAL DESCRIPTION
The AIP is designed to generate compensation payments to Participants
based on the Company's Net Sales, Operating Profit, and Cash Flow
performance during the Plan Year. A Participant's individual performance
rating for the Plan Year may result in an adjustment of the actual award
payment.
3. ADMINISTRATION
The responsibility for the overall administration and interpretation of
the AIP (and related documents) rests with the Company's Chairman of the
Board of Directors and Chief Executive Officer or his designee (the
"CEO"). The CEO has complete discretion as to all matters pertaining to
administration and interpretation of the AIP (and related documents),
unless otherwise specified herein. The determinations and actions of the
CEO as to the administration and interpretation of the AIP (and related
documents) shall be final and binding on all parties. Notwithstanding the
foregoing, the Performance Measures for each Plan Year and goals for the
Company and its Business Units under the AIP will be identical to the
performance measures and goals for the Company and its Business Units that
have been established by the Compensation Committee of the Company's Board
of Directors in connection with the Kellogg Company Senior Executive
Annual Incentive Plan.
4. ELIGIBILITY FOR PARTICIPATION
Eligibility for participation in the AIP will be open to all regular,
salaried employees of U.S.-based businesses of the Company and any of
their legal affiliates and subsidiaries, unless otherwise excluded on
Appendix B. Hourly production workers are specifically excluded from AIP
participation. In addition, an employee will be eligible for participation
in the AIP if he or she meets the criteria described in one of the
following four bullet points.
- He or she is a salaried employee of Kellogg Canada, or of any of its
legal affiliates or subsidiaries, and does not participate in an
incentive plan other than the AIP.
- He or she is an employee in level 5 or above of Kellogg Europe, or
of any of its legal affiliates or subsidiaries, and does not
participate in an incentive plan other than the AIP.
- He or she is an employee in level 4 or above of Kellogg Latin
America, Kellogg Asia, or any of their legal affiliates or
subsidiaries, and does not participate in an incentive plan other
than the AIP.
- He or she is a salaried employee of Kellogg Australia New Zealand,
or of any of its legal affiliates or subsidiaries, and does not
participate in an incentive plan other than the AIP.
All decisions pertaining to AIP eligibility will be at the sole discretion
of the CEO, who will have full and complete latitude to permit or deny AIP
participation for any reason at any time. Eligibility decisions of the CEO
will be final and binding on all parties.
Participation begins on the date the employee satisfies the eligibility
criteria set forth in this section (subject to the limitations set forth
in Section 5 hereof), and on such date the employee will become a
"Participant." Participation in the AIP will end on the date that such an
employee is removed (voluntarily or involuntarily) from an eligible
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position (except as otherwise provided in Section 5H), or the date that
the AIP is terminated, or amended in a manner to end the employee's
participation, for any reason.
Participants who are new hires or are transferred or promoted into an
AIP-eligible position may be eligible for pro-rata awards based on the
number of full calendar months of participation, in accordance with
Section 5H hereof. However, individuals who are hired into an AIP-eligible
position on or after October 1 are not eligible for participation in the
AIP for that Plan Year, unless authorized by the CEO.
5. PLAN ADMINISTRATION
A. General Procedures
The Company's and each specific Business Unit's Performance Measures
will be measured for the Plan Year to determine Incentive Award
opportunities. No Incentive Award shall be earned until all the
procedural and discretionary determinations described in this AIP
have been made. The Incentive Awards for the Plan Year which are
payable under the AIP shall be paid as provided below.
B. Plan Elements and Individual Performance Adjustments
In general, Participants may be eligible for Incentive Awards based
on the following 3 key elements:
- Target Bonus - The "Target Bonus" is the target annual
Incentive Award a Participant is eligible to receive for the
applicable Plan Year. The Target Bonus is based on the level
of the Participant's job and represented as a percentage of
the Participant's annual base salary.
- Performance Measures - Success of the Company and each
distinct Business Unit is measured, tracked, and rewarded
according to one or more of the following "Performance
Measures": Net Sales, Operating Profit, and Cash Flow.
- Goals - Each Business Unit has been assigned goals for its
Performance Measures. Up to 80% of a Participant's Incentive
Award is determined by the achievement of his or her Business
Unit's goals. The achievement of the Business Unit goals is
called the "Business Performance Factor," or "BPF" for short.
Additionally, every Business Unit reports to a larger Business
Unit. For example, Morning Foods reports to KUSA. The larger
Business Units ("Area Business Unit") also have been assigned
goals based on the sum of their reporting units. The remaining
portion of a Participant's Incentive Award is determined by
the achievement of his or her Area's goals, appropriately
weighted. The relative achievement of the Area's goals is
called the "Area Performance Factor," or "APF" for short. The
BPF and APF, as appropriately weighted, will determine whether
the Participant will receive an Incentive Award. Measurements
of the actual results against the goals will determine the
pay-out level of the Participant's Incentive Award, if any.
Percentage of payout will range from 0% up to 200% of the
Target Bonus depending upon results achieved.
Notwithstanding the foregoing, the final calculation of a
Participant's Incentive Award is subject to adjustment based upon
the individual performance rating for the Plan Year that has been
assigned to the Participant by his or her Business Unit Manager. If
a Participant receives an individual performance rating of "A", the
Participant's Business Unit Manager may recommend increasing the
Participant's Incentive Award by 20% to 50% of the Participant's
Target Bonus. If a Participant receives an individual performance
rating of "B", the Participant's Business Unit Manager may recommend
increasing or decreasing the Participant's Incentive Award by 15% of
the Participant's Target Bonus. If a Participant receives an
individual performance rating of "C", the Participant's Business
Unit Manager may recommend decreasing the Participant's final bonus
award by 20% to 50% or more of the Participant's Target Bonus. The
Participant's Incentive Award will be increased or decreased in
accordance with a
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recommendation made by his or her Business Unit Manager; however,
the CEO may, at his sole discretion, adjust any such Participant
Incentive Awards.
A sample award calculation is provided in Appendix A to demonstrate
the key elements of the AIP and the manner in which an Incentive
Award may be adjusted on account of the Participant's individual
performance rating.
C. Selection of Relevant Award Components
Kellogg Company's Executive Management Committee ("EMC"), or its
designee, will determine the appropriate components (i.e. Business
Unit and Area Business Unit), and the weighting thereof, upon which
each Participant's Incentive Award will be based. The EMC or its
designee will strive to designate the components that will result in
the Participant's accountability, by selecting components closest to
the Participant's day-to-day responsibilities, and the EMC or its
designee will assign weighting to such components in a manner aimed
to encourage the Participant's teamwork. For this reason, the
components and weighting designated in Incentive Awards may differ
from Participant to Participant.
The components (and their relative weights) selected for each
Participant's Incentive Award will depend upon the Participant's
role in the organization. The Functional or Business Unit Leader
will be responsible for assigning Participants to the appropriate
"Participant Group." The following chart provides a sample of the
components and weights for certain Participant Groups:
[Download Table]
PORTION OF AIP DETERMINED BY EACH COMPONENT*
----------------------------------------------
AREA BUSINESS UNIT BUSINESS UNIT
PARTICIPANT GROUP PERFORMANCE PERFORMANCE
--------------------------------------------------------------------
Corporate Corporate - 20% Corporate - 80%
Finance, Legal
--------------------------------------------------------------------
Morning Foods, KUSA - 20% Morning Foods - 80%
Marketing
--------------------------------------------------------------------
Natural & Frozen KUSA - 20% NFF - 80%
Foods (NFF),
Finance
--------------------------------------------------------------------
Snacks, KUSA - 20% Snacks - 80%
Operations, DSD
--------------------------------------------------------------------
Snacks Channels Snacks-20% Channel - 80%
--------------------------------------------------------------------
Mexico IT Latin America - 20% Mexico - 80%
--------------------------------------------------------------------
Italy Sales Europe - 20% Italy - 80%
--------------------------------------------------------------------
* For example purposes only. Components and their relative weights are subject
to change by the EMC or its designee.
D. Performance Measures
The Performance Measures may differ in weighting from Business Unit
to Business Unit.
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E. Performance Targets
Objective and realistic performance targets for each Business Unit's
and Area Business Unit's Performance Measures will be established.
Three levels of performance targets will be set: (i) a Threshold
Level, (ii) a Target Level; and (iii) a Maximum Level. If the
weighted average of the component's performance under the designated
Performance Measures fails to meet the Threshold Level, the portion
of the Incentive Award tied to that component will not result in any
amount payable to the Participant. The CEO reserves the right to
modify the performance targets during any Plan Year in recognition
of extraordinary events. Extraordinary events will be defined as any
event that is outside the normal operations of the Company,
including significant corporate transactions.
F. Determination of Other Factors
The CEO will establish, in his sole discretion, any other terms and
conditions relevant to the determination of a Participant's
Incentive Award, including the weighting of the components (and the
weighting of the Performance Measures for each such component) in
the calculation of an Incentive Award. The CEO shall also have the
ability, in his sole discretion, to consider additional or prorated
Incentive Awards for Eligible Employees who were promoted during the
relevant Plan Year and for Eligible Employees on extended leaves of
absence.
G. Calculation and Payment of Incentive Awards
After the audit of the financial results of the Company for the
Fiscal Year regarding the relevant Plan Year, the CEO shall
determine, in his sole discretion, the extent to which the goals
under the AIP have been achieved.
Incentive Awards will be calculated based on the actual results
under each Performance Measure (up to 250% of the Target Level for
each Performance Measure with a cap of 200% for the total of all
Performance Measures at each level, Business Unit and Area Business
Unit), as such performance is determined in the sole discretion of
the CEO. For performance that falls between the Threshold and Target
Levels, or between the Target and Maximum Levels, the Incentive
Awards will be correspondingly adjusted by straight-line
interpolation.
The Participant's annual rate of base salary at the end of the Plan
Year shall be used in calculating the Incentive Award. As described
above in Section 5B, an Incentive Award may be adjusted on account
of the Participant's individual performance rating. In no event,
however, will the Maximum Bonus for any Participant under the AIP be
greater than 200% of the individual's Target Bonus.
Incentive Awards are intended to be paid during the first quarter of
the calendar year following the relevant Plan Year after
finalization of the Company's financial results and release to the
public, except that Incentive Awards for Participants who terminate
employment before the Incentive Award Payout Date and are entitled
to a Incentive Award in accordance with Section 5H hereof, shall be
paid as soon as administratively practicable.
The CEO reserves the right to increase, reduce or eliminate an
Incentive Award with respect to any Participant, in his sole
discretion, and any such modification shall be binding upon all
parties. Except to the extent expressly permitted in the applicable
plan document, incentive awards under the AIP shall not be eligible
for inclusion as part of compensation or salary under any Company
employee benefit plans.
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H. Effect of Termination (Death, Disability, Retirement or Separation),
Promotion, New Hire/Transfer and Inactive Employment Status
a. TERMINATION DUE TO DEATH, DISABILITY OR RETIREMENT: If a
Participant experiences an involuntary termination of employment
for reasons of death or "disability" (as defined in the long-term
disability program covering the Participant) or the Participant
elects to retire in accordance with the applicable qualified
defined benefit retirement plan of the Company (or similar plans or
arrangements outside the U.S.) that covers him or her (or, if there
is no such defined benefit retirement plan, the qualified defined
contribution retirement plan)) before the Incentive Award Payout
Date, the Participant's Incentive Award (if any) shall be
calculated based on the target performance results, but the award
will be prorated for the number of full calendar months of
participation in the Plan Year.
b. INVOLUNTARY SEPARATION OR RESIGNATION: If a Participant
experiences an involuntary termination of employment, or resigns,
before the Incentive Award Payout Date for a reason not described
in subsection a above, he or she will not be entitled to receive an
Incentive Award; however, the CEO reserves the right, in his sole
discretion, to provide, on an exception-only basis, Incentive
Awards to any such Participant. In addition, proration may occur if
required in agreements associated with a termination including
those related to a change of control.
c. PROMOTION, NEW HIRE, TRANSFER OR DEMOTION: An individual who
becomes eligible to participate in the AIP after January 1 of the
Plan Year , and prior to September 30, may be eligible to receive an
Incentive Award calculated based on the actual full-year performance
results, but prorated for the number of full calendar months of
participation in the Plan Year. For purposes of this calculation,
full credit will be given for the first month of such eligibility as
if the employee was hired, promoted or transferred on the 1st day of
such month.
If an individual is promoted/demoted to a higher or lower AIP level,
or between Business Units, during the Plan Year, the Incentive Award
will be calculated for each role based on the actual full-year
performance results, and the calculations will then be prorated for
the number of full calendar months of participation in each role
during the Plan Year. For purposes of this calculation, full credit
will be given for the first month of eligibility in the new role as
if the employee was promoted, demoted or transferred on the 1st day
of such month.
If a Participant moves to a non-participating position (i.e. out of
a AIP-eligible position) during the Plan Year, the Incentive Award,
if any, will be calculated based on the actual full-year performance
results but prorated for the number of full calendar months of
participation in the Plan Year.
Individuals who are hired, transferred or initially promoted into an
AIP-eligible position on or after October 1 of the Plan Year are not
eligible for participation in the AIP, unless authorized by the CEO.
d. INACTIVE EMPLOYMENT: If a Participant becomes an inactive
employee during the Plan Year, his or her Incentive Award, if any,
will be calculated based on the actual full-year performance
results, but prorated for the number of full calendar months he or
she was an active employee during the Plan Year. Employees are
considered active employees if they are currently being paid annual
base salary from the Company. Employees on a leave of absence for
disability shall continue to be considered active for purposes of
the AIP through the 90th day of such absence.
e. INDIVIDUAL PERFORMANCE RATING FOR ANY EVENT DESCRIBED IN THIS
SECTION 5H: Upon the occurrence of any event described in this
Section 5H, the Participant's individual performance rating for the
Plan Year will be factored into the final calculation of his or her
Incentive Award, if any. If no individual performance rating has
been assigned to the Participant for the Plan Year, no Incentive
Award will be paid under the AIP until either (i) an individual
performance rating
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is so assigned or (ii) the CEO, determines in his sole discretion,
that the Participant's individual performance rating (or an
equivalent rating) for the preceding Plan Year will be used in the
calculation.
6. AMENDMENT OR TERMINATION.
The AIP is effective January 1, 2003. The AIP is subject to amendment,
modification or termination, including retroactively, at the sole
discretion of the Company.
7. NO ENLARGEMENT OF EMPLOYEE RIGHTS.
No Participant or other person will have any right to receive an Incentive
Award under the Plan except in accordance with the terms of the AIP.
Establishment of the Plan will not be construed to give any Participant
the right to be retained in the service of the Company or any of its
subsidiaries.
8. WITHHOLDING.
The Company reserves the right to withhold from any cash payable under
this Plan any amounts that it is either required by law or permitted by
law to withhold.
9. CORPORATE SUCCESSORS.
The Plan will not be automatically terminated by a transfer or sale of
assets of the Kellogg Company, or by the merger or consolidation of the
Kellogg Company into or with any other corporation or other entity, but
the Plan will be continued after such sale, merger or consolidation only
if and to the extent that the transferee, purchaser or successor entity
agrees to continue the Plan.
10. FINANCING.
The Plan has been established as a payroll practice for the sole purpose
of providing benefits to the Participants. The Plan will at all times be
unfunded, and benefits under this Plan will constitute general obligations
of the Kellogg Company. Participants will have only an unsecured right to
payment thereof out of the Kellogg Company's general assets.
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APPENDIX A
GLOSSARY OF TERMS
1. "BUSINESS UNIT" means a distinct business unit of the Kellogg Company
(inclusive of its Subsidiaries), as determined in the sole discretion of the
CEO; provided, however that each Business Unit's performance is measurable
through the application of one or more Performance Measures.
2. "CASH FLOW" means, in the sole discretion of the CEO, either (i) the total
cash flow of the Business Unit and Business Unit Area at issue for the relevant
Plan Year as represented in a dollar amount; or (ii) the percentage by which the
total cash flow of the Business Unit, and Area Business Unit for the Plan Year
differs, positively or negatively, from its total cash flow for previous Plan
Year. "Cash flow" is defined as "Cash Flow from Operative Activities" per U.S.
GAAP less capital expenditure.
3. "INCENTIVE AWARD" means an award of incentive compensation under the AIP,
as determined after all the procedural and discretionary determinations under
the AIP for the Plan Year have been made.
4. "INCENTIVE AWARD PAYOUT DATE" means the date that Incentive Awards for the
relevant Plan Year are paid to Participants, in any form (e.g. direct deposit,
check from Kellogg Company, etc.).
5. "MAXIMUM LEVEL" means the achievement of 200% or above the Target Level
established for such Business Unit, Team or Area.
6. "NET SALES" means, in the sole discretion of the CEO, either (i) the net
sales of the Business Unit, Team or Area for the relevant Plan Year as
represented in a dollar amount, or (ii) the percentage by which the net sales of
the Business Unit and Area Business Unit for the Plan Year differs, positively
or negatively, from its net sales for the previous Plan Year. "Net Sales" is
computed in accordance with U.S. GAAP and Company Policy 20.01 and 20.21.
7. "NON-EXEMPT EMPLOYEE" means an employee who is non-exempt within the
meaning of the United States Fair Labor Standards Act or any successor thereto.
8. "OPERATING PROFIT" means, in the sole discretion of the CEO, either (i)
the operating profit of the Business Unit, Team or Area for the relevant Plan
Year as represented in a dollar amount, or (ii) the percentage by which
operating profit of the Business Unit and Area Business Unit for the Plan Year
differs, positively or negatively, from its operating profit for the previous
Plan Year. "Operating Profit" is computed in accordance with U.S. GAAP and
Company Policy.
9. "PARTICIPANT GROUP" means the category assigned to a Participant, in the
CEO's sole discretion, for purposes of determining the portion of his or her
Incentive Award that should be tied to a given Business Unit, Team or Area.
10. "PLAN YEAR" means the calendar year.
11. "SUBSIDIARY" means any corporation, domestic or foreign, other than the
Kellogg Company, in an unbroken chain of corporations beginning with the Kellogg
Company if each of the corporations other than the last corporation in the
unbroken chain owns stock possessing 50% or more of the total combined voting
power of all classes of stock in one of the other corporations in such chain.
Notwithstanding the foregoing, the term "Subsidiary" will include a limited
liability company that is disregarded as an entity separate from a Subsidiary.
12. "TARGET BONUS" means the target Incentive Award a Participant is entitled
to receive. A target percentage is determined based upon the level of the
Participant's job (as determined by the Market Reference Point) and is
represented as a percentage of annual base salary. The Target Bonus is
calculated by multiplying the Participant's target percentage by his or her
annual base salary.
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13. "TARGET LEVEL" means the achievement of 100% of the goals, appropriately
weighted, established for the Performance Measures applicable to the
Participant's Incentive Award.
14. "THRESHOLD LEVEL" means the achievement of the minimum percentage
allowable under the AIP of the Target Level established for such Business Unit,
Team or Area.
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APPENDIX B
SAMPLE AWARD CALCULATION
THE 2003 AIP FORMULA
Your Target bonus x BPF X 80% "BPF" - Business Performance Factor
+ Your Target bonus x APF X 20% "APF" - Area Performance Factor
+ /- Individual Performance
Adjustment (IPA) "IPA" - Individual Performance Adjustment
= YOUR BONUS AWARD
ASSUMPTIONS
- Business Unit Performance Factor (BPF) is 100%; Area Performance Factor
(APF) is 100%
- Target Bonus is $7,000 (represents a base salary of $70,000 X 10% AIP
target)
Illustration of Bonus Payouts
[Enlarge/Download Table]
Individual Performance Rating
---------------------------------------------------------------------------------------------------------------------
"A" Performance "B" PERFORMANCE "C" PERFORMANCE
BUSINESS AND AREA ----------------------------------------------------------------------------------------------
PERFORMANCE IPA: + 30% * IPA: + 10% * IPA: - 20% *
================= ==============================================================================================
$7,000 X 100% X 80% = $5,600 $7,000 X 100% X 80% = $5,600 $7,000 X 100% X 80% = $5,600
BPF: APF: $7,000 X 100% X 20% = $1,400 $7,000 X 100% X 20% = $1,400 $7,000 X 100% X 20% = $1,400
100% 100% $7,000 X 30% = $2,100 $7,000 X 10% = $ 700 $7,000 X -20% =($1,400)
------ ------ ------
$9,100 $7,700 $5,600
* Represents a sample of the Individual Performance Adjustments
2003 PMP - DEFINITIONS OF PERFORMANCE RATINGS:
A RESULTS AND BUSINESS BEHAVIORS SIGNIFICANTLY EXCEED PERFORMANCE STANDARDS
B RESULTS AND BUSINESS BEHAVIORS FULLY MEET PERFORMANCE STANDARDS
C RESULTS AND BUSINESS BEHAVIORS DID NOT MEET PERFORMANCE STANDARDS
NR HIRED ON OR AFTER OCTOBER 1 OF THE CURRENT YEAR.
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APPENDIX C
EXCLUSIONS FROM ELIGIBILITY UNDER THE AIP
1. Employees of the following subsidiaries of the Kellogg Company are not
eligible to participate:
NORTH AMERICA
- Argkel, Inc - Battle Creek, MI
- Ensemble Functional Food Company - Battle Creek, MI
- Gollek Inc. - Battle Creek, MI
- K-One Inc. - Battle Creek, MI
- K-Two Inc. - Battle Creek, MI
- Keeb Canada Inc. - Rexdale, Ontario, Canada
- Kelarg Inc. - Battle Creek, MI
- Kellogg Asia Inc. - Battle Creek, MI
- Kellogg Brasil Inc. - Battle Creek, MI
- Kellogg Chile Inc. - Battle Creek, MI
- Kellogg Fearn Inc. - Battle Creek, MI
- Kellogg Latvia Inc. - Battle Creek, MI
- Kellogg Sales Company - Battle Creek, MI
- Kellogg Services Group Inc. - Battle Creek, MI
- KFSC Inc. - Barbados
- McCamly Plaza Hotel Inc. - Battle Creek, MI
- Mountain Top Baking Company - Battle Creek, MI
- Trafford Park Insurance Limited - Bermuda
- Kellogg's Malaysia Manufacturing SDN. BHD, Kuala Lumpur, Malaysia
(subsidiary of Kellogg Canada)
- Special Foods Investment Company (subsidiary of Worthington Foods Inc.)
- Kellogg A$, Cayman Islands
- Kellogg Yen, Cayman Islands
- Kellogg Bolivar, Cayman Islands
- Kellogg C$, Cayman Islands
- Kellogg Euro, Cayman Islands
- Kellogg Sterling, Cayman Islands
- Kellogg Mpeso, Cayman Islands
- Kellogg Talbot Limited - Battle Creek, MI
ASIA PACIFIC
- Kellogg Asia Pacific Limited, Hong Kong
- Kellogg (N.Z.) Limited - Auckland, New Zealand (subsidiary of Kellogg
Australia)
- Kellogg Superannuation Pty. Ltd. - Sydney, Australia (subsidiary of
Kellogg Australia)
- Kellogg Project 1995 (Pty.) Ltd. - Springs, South Africa (subsidiary of
South Africa)
- Worthington Australia (subsidiary of Worthington Foods, Inc.)
- Kellogg Asia Marketing (Shanghai) Trading Co. Ltd., Shanghai
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EUROPE
- Gollek B.V. - Amsterdam, The Netherlands
- Favorite Food Products Limited - Manchester, England (subsidiary of
Kellogg Great Britain)
- Garden City Bakery Limited - Manchester, England (subsidiary of Lender's
Bakery Limited)
- Kelcone Limited - Aylesbury, England (subsidiary of Kellogg Great Britain)
- Kelcorn Limited - Manchester, England (subsidiary of Kellogg Great
Britain)
- Kellogg Talbot Limited - Manchester, England
- Kellogg Manchester Limited - Manchester, England Kelf Limited -
Manchester, England
- Kellogg U.K. Holding Company Limited - Manchester, England
- Kelmill Limited - Liverpool, England (subsidiary of Kellogg Great Britain)
- Kelpac Limited - Manchester, England (subsidiary of Kellogg Great Britain)
- Lender's Bakery Limited - Manchester, England (subsidiary of Kellogg U.K.
Holding)
- Saragusa Frozen Foods Limited - Manchester, England (subsidiary of Kellogg
Great Britain)
- Gebrueder Nielsen Reimuehlen und Starerke-Fabrik mit Beschraenkter Haftung
- Bremen, Germany (subsidiary of Kellogg Deutschland)
- Reis~und Handles AG Unterstuetzungskasse GmbH - Bremen, Germany
(subsidiary of Kellogg Deutschland)
- Kellogg (Hungary) Trading Limited Liability Company - Budapest, Hungary
- Kellogg Latvia Inc. - Riga, Latvia
- Kellogg (Poland) Sp. zo.o - Warsaw, Poland
- NK Leasing - Svendborg, Denmark (subsidiary of Nordisk Kellogg's A/S)
LATIN AMERICA
- Gollek, S.A. - Caracas, Venezuela (subsidiary of Alimentos Kellogg)
2. The following employees of the Keebler Foods Company or Keebler Company or
any of its subsidiaries are not eligible to participate:
- A Non-Exempt Employee who is employed by the Keebler Business Unit or the
Food Away From Home ("FAFH") Business Unit
- An FAFH employees who is a participants in the FAFH Sales Incentive Plan
- A Convenience, Vending, Drug ("CVD") employee who is a participant in one
of various CVD sales or other incentive plans including, but not limited
to any sales, marketing or vending employee
- Any employee in the Keebler Direct Store Door Division ("DSD") who is a
participant in one of various DSD incentive plans including, but not
limited to any sales, customer marketing, or distribution center employee
- Any other Keebler Business Unit employee who is a participant in any other
Keebler Business Unit incentive plan, including but not limited to Murray
Baking Company sales incentive plans, Mother's Baking Company sales
incentive plans, Mondo Baking Company incentive plans, and Retail
Specialty Brands incentive plans
- Any other employee who is of a type in the Keebler Business Unit who is
specifically declared ineligible by the CEO, such as Student Sales
Representatives
- Any other employee deemed ineligible in the sole discretion of the CEO
KEEBLER FOODS COMPANY SUBSIDIARIES
- Keebler Leasing Corp. - Elmhurst, IL
- Keebler Funding Corporation - Elmhurst, IL
- Shaffer, Clarke & Co., Inc. - Elmhurst, IL
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- Johnston's Ready Crust Company - Elmhurst, IL
- Bake-Line Products Inc. - Des Plaines, IL
- BDH, Inc. - Cary, NC
- AQFTM, Inc. - Cary, NC
- Cary Land Corporation - Cary, NC
KEEBLER COMPANY SUBSIDIARIES
- Hollow Tree Company - Elmhurst, IL
- Keebler Cookie and Cracker Company - Elmhurst, IL
- Illinois Baking Corporation - Elmhurst, IL
- Keebler H.C., Inc. - Elmhurst, IL
- Steamboat Corporation - Elmhurst, IL
- Keebler Foreign Sales Corporation - Elmhurst, IL
- Keebler-Georgia Inc. - Elmhurst, IL
- Keebler International Prep Track & Field Invitational Foundation -
Elmhurst, IL
- Keebler Company Foundation Hollow Tree Financial Company, L.L.C.
- Keebler Assets Company, L.L.C. - Elmhurst, IL (is owned by Keebler Co.
34%, Keebler-Georgia 33% and Keebler Leasing Corp. 33%)
- President Baking Company, L.L.C. - Atlanta, Georgia
- Mother's Cookie Company, L.L.C. - Louisville, KY
- Famous Amos Chocolate Chip Cookie Company, L.L.C.
- Barbara Dee Cookie Company, L.L.C. - Louisville, KY
- Murray Biscuit Company, L.L.C. - Atlanta, GA
- Little Brownie Bakers, L.L.C. - Louisville, KY
- Sunshine Biscuits, L.L.C. - Elmhurst, IL
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Dates Referenced Herein
| Referenced-On Page |
---|
This ‘10-K’ Filing | | Date | | First | | Last | | | Other Filings |
---|
| | |
Filed on: | | 3/14/05 | | | | | | | None on these Dates |
For Period End: | | 1/1/05 |
| | 1/1/03 | | 6 |
| List all Filings |
4 Subsequent Filings that Reference this Filing
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Filing Submission 0000950124-05-001480 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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