Departure of Chief Financial Officer
Effective September 7, 2022, Heather Pomerantz stepped down from her role as Chief Financial Officer of Freshpet, Inc. (the
“Company”) to pursue other opportunities. Mrs. Pomerantz’s separation did not result from any disagreement with the Company concerning any matter relating to the Company’s financial reporting, policies or practices. The Company is currently
conducting a search of candidates to fill her position.
Appointment of Interim Chief Financial Officer
Effective September 7, 2022, the Company’s board of directors (the “Board”) appointed Richard (Dick) Kassar, the Company’s current
Vice Chairman (and previous Chief Financial Officer) as interim Chief Financial Officer of the Company. As interim Chief Financial Officer Mr. Kassar will be the Company’s principal financial officer and principal accounting officer on an interim
basis and will continue as the Company’s Vice Chairman.
Mr. Kassar, age 74, has served as Vice Chairman since October 2020. Previously, he served as Chief Financial Officer from January
2011 to October 2020, Chief Executive Officer from July 2006 to January 2011 and as President from January 2011 to June 2014. Prior to joining Freshpet, he was Senior Vice President and Chief Financial Officer of The Meow Mix Company until its sale
to Del Monte Foods in 2006. From 1999 to 2001, he served as Co-President and Chief Financial Officer of Global Household Brands. From 1986 to 1999, Mr. Kassar was employed by Chock Full O’ Nuts in various positions and most recently served as
Senior Vice President, Chief Operating Officer and Corporate Controller. Mr. Kassar has been a director of World Fuel Services Corporation since 2002. Mr. Kassar has over 30 years’ experience in the consumer brands industry. Mr. Kassar provides
management and the Board with extensive financial and executive leadership experience, coupled with a comprehensive understanding of our business which began with the Company’s private equity investment in 2006.
There are no arrangements or understandings between Mr. Kassar and any other persons outside of the Company pursuant to which he
was selected as an executive officer of the Company, and there are no family relationships between any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company and Mr.
Kassar. Mr. Kassar has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
In connection with his appointment as the Company’s interim Chief Financial Officer, the Company’s Compensation Committee approved
an increase in Mr. Kassar’s annual salary, which raises his annual salary to $320,000 per year. Such salary increase is effective as of September 8. In addition, Mr. Kassar will have a target bonus of 50% of his annual salary, prorated for the
partial year of service.
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 hereunto duly authorized.