BNET Industries

Lance Inc.

(LNCE) is in the Food Industry

Market Cap:$780.8M
Last Fiscal Year Sales:$852.4M
  • Public
  • US
Dow Jones Description

Lance, Inc. was incorporated as a North Carolina corporation in 1926. We operate in one segment, snack food products. Our corporate offices are located in Charlotte, North Carolina. We have U.S. manufacturing operations in Charlotte, North Carolina; Burlington, Iowa; Columbus, Georgia; Hyannis, Massachusetts; Corsicana, Texas; Perry, Florida; Little Rock, Arkansas; and Ashland, Ohio. Our Canadian manufacturing operations are located in Cambridge and Guelph, Ontario.

Chief Executive Officer
David V. Singer
Number of Employees 4,800
Contact Information

8600 South Blvd

Charlotte, North Carolina 28273

lance.com

(704) 554-1421

NAICS Code Cookie and Cracker Manufacturing: 311821

Recent Events

  • Lance Inc. reports record revenues in its third quarter

    10/31/09 - Financial Announcement - View Story

  • Lance completes Stella Doro buy

    10/16/09 - Merger / Acquisition - View Story

  • Lance completes Stella D'oro buy

    10/14/09 - Merger / Acquisition - View Story

  • Lance Inc. acquires Stella D'oro brand

    10/14/09 - Financial Announcement - View Story

  • Stella Doro Says Union Strategy Led to Bronx Plant Closure

    10/02/09 - Merger / Acquisition - View Story

  • Good stuff: Archway treats are back

    10/01/09 - Merger / Acquisition - View Story

  • Lance Inc. Plans To Buy Stella D'Oro Brand

    9/10/09 - Joint Venture / Alliance - View Story

  • Lance buys Stella D'oro, plans to move bakery to Ohio

    9/12/09 - Merger / Acquisition - View Story

  • Lance to buy Stella D’oro brand

    9/08/09 - Merger / Acquisition - View Story

  • Lance earnings more than triple

    7/24/09 - Financial Announcement - View Story

  • Lance will move HQ, boost its presence in Ballantyne

    7/20/09 - Mgmt. Change Entering - Other - View Story

  • Lance, Inc. to Release Second Quarter 2009 Results on Friday, July 24th Before Market Open...

    7/01/09 - Financial Announcement - View Story

News & Analysis

lance inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
David V. Singer Chief Executive Officer
Rick D. Puckett Executive Vice, President, Chief, Financial Officer, Treasurer and Secretary
Margaret E. Wicklund Chief Accounting Officer, Controller & Assistant Secretary
Blake Thompson Senior Vice President
Earl D. Leake Senior Vice President
Glenn Patcha Senior Vice President
H. Dean Fields Vice President
Todd Phillips Vice President, Marketing
Freda Baker Director, Purchasing
Greg C Morris Senior Director of Benefits & Risk Management
Russell G. Allen Director, Planning & Ir
Connie McGuire Employer Benefit Representative
David R. Perzinski Treasurer
Mary Jo Garner

Board of Directors

Name (plus bio) Position
Robert V. Sisk Chairperson
William R. Holland Chairperson
Barbara R. Allen Board of Directors
Dan C. Swander Board of Directors
David L. Burner Board of Directors
Isaiah Tidwell Board of Directors
J. P. Bolduc Board of Directors
James W Johnston Board of Directors
Jeffrey A. Atkins Board of Directors
Lane Rose Board of Directors
Lane South Longfellow Board of Directors
Paul A. Stroup III Board of Directors
S. Lance Van Every Board of Directors
Scott C. Lea Board of Directors
Wilbur J. Prezzano Board of Directors

Organization Position Status
Columbus Capital Acquisitions, Inc. President & CEO Current
Lance, Inc. Chief Executive Officer Current
Lance, Inc. President Current
Lance, Inc. Chairperson, Banking & Contracts Committee Current
Lance, Inc. Board of Directors Current

Organization Position Status
Lance, Inc. Executive Vice, President, Chief, Financial Officer, Treasurer and Secretary Current
Lance, Inc. Secretary Current
United Natural Foods, Inc. Chief Financial Officer Former
Lance, Inc. Executive Vice President Former
United Natural Foods, Inc. Vice President Former
United Natural Foods, Inc. Treasurer Former

Organization Position Status
Lance, Inc. Chief Accounting Officer, Controller & Assistant Secretary Current
Lance, Inc. Principal Accounting Officer Former

Organization Position Status
Lance, Inc. Senior Vice President Current
Tasty Baking Company Senior Vice President, Supply Chain Former
Frito-Lay, Inc. Regional Vice President, Operations Former

The supplemental retirement benefits are provided to Mr. Leake through an Executive Severance Agreement. Under the Severance Agreement, Mr. Leake is entitled to a supplemental retirement benefit equal to five times his annual base salary in effect immediately prior to his retirement, payable over 15 years after retirement or until age 75, if earlier. Mr. Leake may also elect to receive his benefit in a lump sum equal to the present value of such payments using an interest rate equal to the yield on the 10-year United States Treasury Bond. The normal retirement age under the agreement is age 60.

Organization Position Status
Lance, Inc. Senior Vice President Current

Organization Position Status
Lance, Inc. Senior Vice President Current
Eastman Kodak Company Vice President, Marketing Former

Organization Position Status
Lance, Inc. Vice President Current
Lance, Inc. Board of Directors Current
Vista Bakery, Inc. President Former

Organization Position Status
Lance, Inc. Vice President, Marketing Current

Organization Position Status
Lance, Inc. Director, Purchasing Current

Greg Morris is the Senior Director of Benefits & Risk Management for Lance, Inc. in Charlotte, NC. Greg's responsibilities include the benefit programs and retirement plans for Lance employees in the US and Canada. He is also responsible for property and casualty insurance, claims management, insurance placement and litigation. Greg joined Lance in 1996. Greg began his career in Charlotte with Day Engineering as an Investment Accountant. He transitioned to employee benefits and human resources with positions at Belk, Collins & Aikman and Laporte, PLC. Greg has been a board member with Second Harvest Food Bank since 2001. He also serves on the Personnel and Executive committees. Greg will serve as Board Chair in 2006-2007. A native West Virginian, Greg received his Bachelor of Science degree in Accounting from West Virginia University in 1984. He also holds professional designations as a Certified Employee Benefits Specialist (CEBS) and a Senior Professional in Human Resources (SPHR). Greg resides in Fort Mill, SC with his wife, Lindy, and their two children.

Organization Position Status
Lance, Inc. Senior Director of Benefits & Risk Management Current
Lance, Inc. Board of Directors Current
Premier Alliance Group, Inc. Board of Directors Current
Second Harvest Food Bank of Metrolina Board of Directors Current
West Virginia University Bachelor of Science Degree In Accounting Former

Organization Position Status
Lance, Inc. Director, Planning & Ir Current

Organization Position Status
Wichert Insurance Services, Inc Employer Benefit Representative Current
Bishop Scovell Insurance Agency, LLC Employer Benefit Representative Current
Lance, Inc. Employer Benefit Representative Current

Organization Position Status
Lance, Inc. Treasurer Current

Organization Position Status
Bishop Scovell Insurance Agency, LLC Current
Lance, Inc. Current
Wichert Insurance Services, Inc Current
The University of Akron Bachelor of Science Degree Former

Organization Position Status
Lance, Inc. Chairperson Current
Lance, Inc. Board of Directors Current

Organization Position Status
Lance, Inc. Chairperson Current
Lance, Inc. Board of Directors Current

Allen is president of Tennis Corporation of America - Professional Services, and has spent more than 20 years with Quaker Oats Company in a variety of marketing and executive management roles, most recently as executive vice president, international foods. Allen also served as partner with the consulting firm The Everest Group, CEO of the Women's United Soccer Association, chief operating officer of Paladin Resources and president, corporate supplier solutions, for Corporate Express. She serves on the board of snack manufacturer Lance, Inc., and is a former director for Maytag Corporation, Converse Inc., and Tyson Foods, Inc., among others. Allen earned a BS in psychology from the University of Illinois and an MBA in marketing and finance from the University of Chicago.

Organization Position Status
RLI Corp. Board of Directors Current
Lance, Inc. Board of Directors Current
Lance, Inc. Committee Member Current
Corporate Express, Inc. President Former
Tca Holdings, LLC. President, Proactive Partners Former
Paladin Resources, LLC Coo Former
Quaker Oats Company Executive Vice President, International Foods Former
India Imports Inc. Executive Vice President Former
The Everest Group LLC Partner Former
Quaker Oats Company Marketing and Executive Management Roles Former
Tyson Foods, Inc. Board Director Former
Chart House, Inc. Board of Directors Former
Maytag Corporation Board of Directors Former
University of Chicago M.B.A. Former
University of Illinois BS Former

Organization Position Status
Lance, Inc. Board of Directors Current
Lance, Inc. Committee Member Current

Organization Position Status
Lance, Inc. Board of Directors Current

Organization Position Status
Ruddick Corporation Director Current
Lincoln Financial Group Board of Directors Current
Lance, Inc. Board of Directors Current
Southern Education Foundation Treasurer Current
Lance, Inc. Committee Member Current
Omega Psi Phi Fraternity, Inc. Member Current
Sigma Pi Phi Fraternity Member Current
100 Black Men of Atlanta, Inc Member Current
Wachovia Bank Executive Vice President Former
Wachovia Bank Director Former
Wake Forest University MBA Former
North Carolina Central University Bachelor’S Degree In Accounting Former

Organization Position Status
Lance, Inc. Board of Directors Current

Organization Position Status
Lance, Inc. Board of Directors Current

Organization Position Status
Lance, Inc. Board of Directors Current
Lance, Inc. Committee Member Current

Organization Position Status
Lance, Inc. Board of Directors Current

Organization Position Status
Lance, Inc. Board of Directors Current

Organization Position Status
Lance, Inc. Board of Directors Current
Lance, Inc. Chairman, President & CEO Former

Organization Position Status
Lance, Inc. Board of Directors Current

Organization Position Status
Lance, Inc. Board of Directors Current

Mr. Prezzano has served as a director since 2006. He retired as Vice Chairman of Eastman Kodak Company, a manufacturer of photographic equipment and supplies, in January 1997, having served in various management roles at Eastman Kodak prior to that time. He is the Non-Executive Chairman of the Board of Lance, Inc. Mr. Prezzano is also a director of Roper Industries, Inc., The Toronto-Dominion Bank, and TD AMERITRADE Holding Corporation.

Organization Position Status
EnPro Industries, Inc. Committee Member Current
Roper Industries, Inc. Board of Directors Current
The Toronto-Dominion Bank Board of Directors Current
Lance, Inc. Board of Directors Current
TD Ameritrade Holding Corporation Director Current
TD Banknorth Inc. Director Current
Eastman Kodak Company Executive Positions Former
Eastman Kodak Company Vice Chairman Former
Eastman Kodak Company Board Director Former
The Wharton School of the University of Pennsylvania MBA Former
The Wharton School of the University of Pennsylvania Bachelor's Degree In Economics Former

Executive News

  • Lance will move HQ, boost its presence in Ballantyne

    Twin Cities Business Journal - 7/20/09 - View Story

  • Lance, Inc. to Release Second Quarter 2009 Results on Friday, July 24th Before Market Open and Host

    Interest!ALERT - 7/01/09 - View Story

  • Lance, Inc. to Release Second Quarter 2009 Results on Friday, July 24th Before Market...

    Reuters - 6/30/09 - View Story

  • Lance, Inc. to Release Second Quarter 2009 Results on Friday, July 24th Before Market Open and Host Conference Call and

    NewsBlaze - 6/30/09 - View Story

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     LNCE $24.35 +0.28 (1.16% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 134,980
Shares Outstanding 32.07M
Market Cap 780.8M
Year High 28.26
Year Low 17.11
Earnings Per Share 1.01
P/E Ratio 24.11
Dividend 0.64
Yield 2.63
IndustryTop Rated

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