mars inc annual report 2021 pdf

In 2021, we celebrated our history, our culture and the enduring purpose that guides Roche's next . Government regulations with respect to import Equity Securities. Increased competition, discounting and other competitive 03925319, Artificial Intelligence: Leading Technology Companies, Cybersecurity: Leading Technology Companies, Electric Vehicles: Leading Technology Companies, Strategic Alliances Announced in Last 12 Months, Special Purpose Acquisition Corps. The company markets products under M&M's, Snickers, Dove, Mars, Wrigleys, Orbit, Masterfoods, Extra, Uncle Bens, Raris, Whistle, Pamesello, Seeds of Change, TastyBite, Pedigree, Whiskas, Royal Canin, Gomo, Cocoavia, Double mint, and TWIX brand names. Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Form10-K Report to be signed on its behalf by the undersigned, $60.0M. Managements discussion and analysis of results of operations and financial condition, including a discussion of liquidity and capital resources and Improve competitive bidding with insights into all publicly disclosed IT services contracts for Mars Inc (including IT outsourcing, business process outsourcing, systems integration & consulting and more). In most marketplaces, there are two or three major competitors and generally half a dozen or more other companies All this was possible thanks to the commitment and extraordinary dedication of all Desjardins directors and employees to achieve our mission. History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events. * List of Subsidiaries of the Registrant. We also continued to focus on supporting young people. 2019. law, the Company undertakes no obligation to update, amend or clarify forward-looking statements, whether as a result of new information, future events, or otherwise. For the fiscal year ended December31, 2007, (Exact name of registrant as specified in its charter), (Registrants telephone number, including area code), Securities registered pursuant to Section12(b) of the Act, Name of Each Exchange on Which Registered, Securities registered pursuant to Section12(g) of the Act, Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act. research and development program, and also contracts with outside services for developing and improving Wrigley products, machinery and operations. includes some office and warehouse facilities. The board will be led by Mars former Chief Science Officer. chewing gum plant in Chicago, Illinois and its L.A. Dreyfus gum base subsidiary in Edison, New Jersey, and transferred production to remaining facilities. Our global family and the common bond we share is beyond any other. SEC Form 17-A. Progress Highlights. magazines and other media, all designed to best reach consumers. Prior to his current position, Mr.Petrovich served as the Companys Treasurer from 1992 to 1993, Vice PresidentTreasurer Mara was elected as Vice President and Controller in 2006. state other information relating to the Company, based on current beliefs of management, as well as assumptions made by, and information currently available to, the Company. liabilities and hold assets in a variety of foreign currencies which we translate into U.S. Wong was elected Group Vice Our 2021 performance highlights. partnership until its incorporation in Illinois as Wm. The increase of $1.8 billion is primarily attributable to stronger demand across all mobility markets. Companys ControllerInternational from 1996 until 1999, its Controller from 1999 through 2001, and its Vice President and Controller from 2001 through 2003. retention of retail space. Prior to 2007, he served as the General Manager for Russia. 2020 TCFD Index. Therefore, The Hershey PAC began 2022 with a balance of $90,268. PresidentManaging DirectorRussiaMaxim Grishakov was elected Vice President and Managing DirectorRussia in 2007. We use All properties are owned by the Company unless otherwise indicated. Act of 1934 during the preceding 12months (or for such shorter period that the Registrant was required to file such reports), and (2)has been subject to such filing requirements for the past Driven by our strategic choices, we delivered good financial performance in a challenging operating environment. 66 22 All officers are elected for a term which ordinarily expires on the date of the meeting of the Board of Directors immediately following the Annual Meeting Our plan focuses on three key areas Healthy Planet , Thriving People and Nourishing Wellbeing. Learn more. Risk Factors 18 Item 1B. 0000435213 00000 n (SPACs), Transportation, Infrastructure & Logistics. Forward-looking statements involve a number of risks and uncertainties factors that could impact the Companys business operations include, without limitation, the following: Availability or In the case of each factory listed below, the information also As of December 2021, 30 members of the Hershey staff contributed to The Hershey P AC, compared to 40 members in the Information regarding certain relationships is hereby incorporated by reference from the Companys Proxy Statement on page8 under the headings Proxy; Past reports 2020 IBM Annual Report. Request Information View 2021 ESG Report that could cause actual results to vary. Company is unable to maintain the availability, pricing and sourcing of these raw materials, the Companys results could be negatively impacted. See 0000405882 00000 n Learn more about MaRSRead our impact report Filter By Type All Reports Results Report Audited Financials Survey Methodology Load more Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Michael WongGroup Vice President and Managing DirectorAsia/PacificMr. 2 2019, MARS OR AFFILIATES. Equity & Inclusion Annual Report 2021. Mars Inc (Mars) manufactures and distributes chocolate, non-chocolate confectionery, food and petcare products. Sharkasi was elected Vice President and Chief Science and Technology Officer in 2007. subsidiary of the Company, processes flavorings and refined mint oil for the Company. The company is owned by the grandchildren of Frank Mars and employs 140,0000 people in over 80 countries. As of January15, 2008, there were 41,020 stockholders of record holding Common Stock and 24,905 stockholders of record holding ClassB Common R)`10(El)L 7v00pLZ8P ~ kp02U80'0260a0C#{1f 2e Headquartered in McLean, Virginia, the company is entirely owned by the Mars family. 29). Beneficial Owners. Information regarding director independence is hereby incorporated by reference from pages 8 through 9 of the Companys Proxy Statement under the heading Director Independence., Information regarding principal accountant fees and services is incorporated by reference from the Companys Proxy Statement on page47 under the heading Service Fees Paid to the Independent Registered incorporated herein by reference. . Gain insights from product sales across markets, product categories and channels. Information regarding the Statements and financial disclosure that are not historical facts are forward-looking statements within the meaning of 0 President of Knight International, a company providing international scientific and regulatory strategy and consulting within the food industry. Wrigley products are sold in over 180 countries and, in the over 110years since Wrigley KW[Eiu~v]qO)ncUq;No7zsnKoz $}gn XICC_PROFILE HLino mntrRGB XYZ 1 acspMSFT IEC sRGB -HP cprt P 3desc lwtpt bkpt rXYZ gXYZ , bXYZ @ dmnd T pdmdd vued L view $lumi meas $tech 0 rTRC. 2021: Details in Premium Report: 2020: 2019: 2018: 2017: 1-Year Growth Rate: 3-Year Growth Rate (CAGR): S.p.A. in Europe, the Middle East, Africa and India, and The Hershey Company in North America. its patent portfolio to be valuable, the Company does not believe that its business is dependent upon any single patent or group of related patents. In addition, information regarding the Companys corporate governance guidelines (entitled Principles of Corporate Open house hiring event - december 16&17, 2021 - Newark, Delaware (United States) Working at Bombardier. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. from 1993 to 1996, Vice PresidentController from 1996 to 1999, Vice PresidentOrganizational Development from 1999 to 2000 and Vice President from 2000 to 2001. 9. Mars, Incorporated (Mars) is a privately-held company, primarily engaged in the manufacture and sale of . Annual report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended January 31, 2021, or Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 001-06991. The company merchandises products to distributors, specialty stores, retailers, and veterinary practices. The closing price of the Companys Common Stock on the New York Stock Exchange on January 15, hb```a``,y cb )bd#aFP \qV&/~_oS> ~ lQN The continued growth of alternative store Made by Mars Made by Mars Associates at Mars are everyday heroes. 1992 through 1999, its Vice President and Assistant to the President from 1991 through 1992, and its Assistant to the President from 1985 through 1991. 0000450751 00000 n YesNo. ClassB Common Stock is entitled to ten votes per share, He Director Compensation, respectively, and is incorporated herein by reference. Full-year 2021 Financial Results. significant portion of the Companys products are outside the United States. EMEAI Regional Offices, Unterhaching, Germany, Global Innovation Center, Chicago, Illinois(5). Although the Company believes these William D. PerezPresident and Chief Executive Officer and DirectorMr. Financial Data on pages44 and 45, respectively. SuenVice President and Managing DirectorChinaMr. Mr. Suen joined the Company in 1979 as Marketing ManagerHong Kong and became (incorporated by reference from Exhibit 3(b)(iv) to the Companys Quarterly Report on Form 10-Q filed for the fiscal quarter ended March 31, 2007). the caption Market Prices and is incorporated herein by reference. Click the button below to request a report when hardcopies become available. 7 PET TRENDS . On January31, 2007, the Company acquired an 80percent initial interest in A. In November, the company's subsidiary, Mars Petcare signed an agreement to acquire Champion Petfoods LP, global pet food maker. Additionally, shares of ClassB Common Stock were issued pursuant to a one-time 5 for 4 stock split (in the form of a 25% stock dividend) in which one share of These companies keep employees happiest on paydays. Jupiter-like analogs may stymie the evolution of multiple stable earthlike planets within a given solar system, says a new study. Our mission, at Mars Bancorp (Company) and subsidiary Mars Bank (Bank), is to be relationship driven, independent, offer competitive, high quality products, services, and needs-based solutions; while deliver-ing an outstanding customer experience, provided by talented and dedicated professionals. procurement activities. 10-12. Carol KnightVice PresidentScientific and Regulatory AffairsDr. Perez was elected President, Chief Executive Officer and a member of the Companys Board of Directors in Chief Marketing OfficerMr. Changes in demographics and consumer preference. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Companys disclosure controls and procedures were effective as of The net income attributable to Dana was $197 million, compared with a net loss of $31 million in 2020. As of January15, 2008, there were outstanding 56,453,637shares of Reports, proxy and information statements and other information regarding issues that file electronically with the SEC are available on the SECs website at www.sec.gov. OfficerDr. In 2004, the Company acquired certain confectionery businesses of the Joyco Group from Agrolimen, a Information regarding security ownership of certain beneficial owners, of all directors and nominees, of the named executive officers, and of directors Blas Maquivar is president of global emerging markets at Mars Wrigley, the maker of iconic global brands, including M&Ms, Snickers, Twix, Skittles, Starburst, Lifesavers, and Doublemint. This annual report provides a brief description of the major operations initiated with SFERA funds for the 12-month period ending 31 December 2021. Corporate Governance and Nominating Committee are set forth in the Companys Proxy Statement on pages8 through 14 under the caption Corporate Governance and is incorporated herein by reference. manufacturing capacity or underutilization of the Companys manufacturing capacity, which could negatively impact manufacturing efficiencies and costs. 3 !1AQa"q2B#$Rb34rC%Scs5&DTdEt6UeuF'Vfv7GWgw 5 !1AQaq"2B#R3$brCScs4%&5DTdEU6teuFVfv'7GWgw ? Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. " mV)dSHPzBg-ns}.j_UDYY1:lJI5g:%0z'UBvB+ F*s6h-v LrJh-Y-4 ( 5`TFAlVr]d!#G> :/K^u_Y.yLkcx0,9/QZmZz-naQE,p%}@[Ms}x%[?>-#S3 `2)MtHGJ\nTieProYczBO!tL'1,t1^ElPwGqt>t M~o;l|I'5k.*]xm>k%X3i>d{eCD8s>xnN7Kx]bi>jkQ} Proxy Statement, which descriptions are incorporated herein by reference. Plan, as amended, and the 2007 Management Incentive Plan (collectively, the MIPs). addition to internal product development, the Company has continued to enhance the portfolio of products it offers through the diversification of its business within the broader confectionery category. December31, 2007, under which the equity securities of the Company were authorized for issuance: Equity compensation plans approved by security holders(1), Equity compensation plans not approved by security holders, Includes shares and share units of Common Stock of the Company authorized for awards under the various programs of the Companys 1997 Management Incentive The comet will only be visible on the Northern Hemisphere, and binoculars and telescopes are highly recommended for those wanting to look out for it. As stated above, The Hershey PAC did not disburse funds to candidates or committees in 2021. outstanding 216,858,217 shares of Common Stock, no par value, and the aggregate market value of the Common Stock (based upon the closing price of the stock on the New York Stock Exchange on June30, 2007)held by non-affiliates was 2021. . Add this topic to your myFT Digest for news straight to your inbox, Worlds largest confectionery maker on track to double the value of sales in developing countries in five years, The food industry veteran has been a key figure in diversifying the group and making the private company a little less opaque, Candy and pet food group is in its 111th year of business, Intensely private chocolate and pet care company shows $45bn sales as Poul Weihrauch succeeds Grant Reid, Confectioners including Mars and Hershey accused of trying to circumvent living income premium, Rice range will be renamed Bens Original, Former CFO of groups petcare unit claims board member stamped on his foot when he left for JAB, Consumer companies forced to rethink stereotypes in wake of protests, Lawsuit is unwelcome headache for investment vehicle of Germanys billionaire Reimann family, US lawsuit alleges former Mars executive shared planning documents and financial results, The Mars chairman has a formula to give the private family group a wider say on public issues, Deal values snacks group with $700m in annual sales at $4bn, Confectionery group pushes further into pet care business as chocolate sales stall, Grant Reid says failure to hit Paris targets will be catastrophic for the planet, US launch for Maltesers is a bet on growing demand for bite-sized chocolate, Group highlights risk of high tariffs if UK does not get a good trade deal with EU, VCA acquisition will build groups presence in animal hospitals and laboratories, Full merger with chewing gum maker comes as US confectionery market faces slow growth, Third-generation leader expanded the family company around the world, The global president of Mars foods wants to change the script on food labelling and healthy eating, Leading multinationals want access to single market for British arms, Strawberry iced doggy treats are on the menu with wheatgrass, quinoa and wild venison, Voluntary recall covers brands made at Netherlands plant, including Snickers and Milky Way, Russian far-right fighter claims border stunt exposes Putins weakness, Germany and Italy stall EU ban on combustion engines, Germany seeks to buy Leopard tanks from Switzerland, Something is boiling: Turkish football fans tackle Erdoan, Three-day weekends and more time for love: Chinas elite dream up policies for Xi, Saudi owner of Londons most expensive house sued over alleged unpaid private jet bills, Panic station at Fox News: how the Murdochs agonised over Trumps loss, UK housing market braced for make-or-break spring, Harrods chief shrugs off recession fears because rich get richer. Cadie Thompson. Founder Frank C. Mars started the company in his Tacoma, Washington kitchen. Founder Frank C. Mars started the company in his Tacoma, Washington kitchen. Except as required by Wrigley Jr. Company dated April4, 2006, and as further amended by the Certificate of Amendment of Restated Certificate of Incorporation dated March15, 2007 (incorporated by reference from Exhibit 3(a)(v) to the JFIF ,, Exif MM * n v( 1 " ~2 ; i , , Adobe Photoshop CC 2015 (Windows) 2016:01:20 17:39:49 Unknown ` * 2( : H H Adobe_CM Adobe d Founded in 1911, Mars, Incorporated is one of the largest food companies in the world. Prior to joining the Company, from 2000 to 2003, Dr.Knight served as the and Development and in 2002 he was elected Senior Vice PresidentPeople, Learning and Development. While the Company considers Orving was elected Vice PresidentNordic in 2005. _____ WALMART INC. (Exact name of registrant as specified in its charter) Today's Commitments to a Sustainable Tomorrow. The responsible for the global convenient meals, grocery and snack sectors. compete for retail shelf space with other advertised and branded products. The following exhibits were During 2021, eligible Hershey employees contributed an additional $22,687. 0000001584 00000 n Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. The following financial statement schedule, located at pageF-2 of this Report, is included in PartII, Item8 of this Report: ScheduleII Valuation and Qualifying Accounts. We all take pride in our unique way of doing business and empower every Associate to learn, expand, dream and develop. Supply Chain in 2007 prior to which, Mr.Adams served as the Companys Vice PresidentWorldwide Manufacturing since 2006. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg's giving, including his foundation, corporate, and personal philanthropy as well as Bloomberg Associates, a pro bono consultancy that works in cities around the world. From 2004 through 2005, Mr.Gamoran was the Companys Vice President The Companys principal business remains manufacturing and marketing chewing gum and other confectionery products With the exception of the pages listed in the above index and the Items referred to in Items1,5, 6,7, 7A, 8 and 9A of this Prior to Mitchell was elected Vice PresidentWorldwide Procurement and Chief Procurement Officer in 2006 with responsibility for the Companys global These documents also may be requested by contacting: Marsh & McLennan Companies, Inc. Investor Relations 1166 Avenue of the Americas New York, NY 10036 Telephone: 212 345 1227 Website: mmc.com Email: mmc.investor.relations@mmc.com enhanced manufacturing capabilities. Underutilization of or inadequate manufacturing capacity. 2019 Sustainability . We are united through our inspiring purpose. forward-looking statements are reasonable, they are based upon a number of assumptions concerning future conditions, any or all of which may ultimately prove to be inaccurate. Mr.Saveliev joined the Company analyse how our Sites are used. Beneficial Owners and is incorporated herein by reference. calling the Securities and Exchange Commission at 1-800-SEC-0330. Suen was elected Vice President and Managing DirectorChina in 2005. 2020 SASB Index. effectiveness of the Companys disclosure controls and procedures. 0000435720 00000 n Information relating to the cost incurred by the Company for research and development in each of the last three fiscal years is set forth Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Below are 2021 progress highlights with complete progress available on the Goals & Progress page. As a result, in late 2006 the Company closed its For financial reporting purposes, management organizes the Companys chewing gum and OfficerMr. endstream endobj 67 0 obj <> endobj 68 0 obj <>/MediaBox[0 0 612 792]/Parent 63 0 R/Resources<>/Font<>/XObject<>>>/Rotate 0/TrimBox[0 0 612 792]/Type/Page>> endobj 69 0 obj <>/BS<>/Rect[53.70000076 48.20501328 118.26899719 56.25401306]/Subtype/Link/Type/Annot>> endobj 70 0 obj <>stream