B&G Foods announced the retirement of President and CEO Kenneth C. “Casey” Keller effective August 7, 2026. His severance package includes $2,448,516 in salary continuation, one year of COBRA medical coverage, a $10,000 lump sum for life insurance and disability benefits, and the accelerated vesting of 519,396 restricted stock shares. Robert D. Mills, a board member since 2018, was appointed as the new President and CEO effective August 10, 2026. His employment agreement provides a $950,000 annual base salary, a $500,000 sign-on bonus payable in March 2027, a one-time grant of 134,408 restricted stock shares, and stock options for 900,000 shares at an exercise price of $3.40. Mills also receives a guaranteed pro rata bonus of $375,000 for fiscal 2026, relocation assistance, and standard severance benefits. B&G Foods manufactures, sells, and distributes branded shelf-stable and frozen foods.

B&G Foods reported second quarter 2026 results with net sales of $383.3 million, a 9.7% decrease from the prior year period. The company posted a net loss of $4.0 million ($0.05 per diluted share), compared to a $9.8 million loss in Q2 2025. Adjusted EBITDA rose 4.2% to $60.4 million, and adjusted diluted EPS increased to $0.06 from $0.04. Results included the impact of the March 2026 acquisition of College Inn and Kitchen Basics and the divestiture of the Green Giant U.S. frozen business. The company reaffirmed full-year fiscal 2026 guidance for net sales between $1.735 billion and $1.775 billion, adjusted EBITDA between $275 million and $290 million, and adjusted diluted EPS between $0.575 and $0.675. B&G Foods manufactures, sells, and distributes branded shelf-stable and frozen food products.

B&G Foods, Inc. closed a private offering of $475.0 million in 11.00% senior notes due 2031, issued at 97.67% of face value. The company intends to use the net proceeds to redeem all $509.3 million of its outstanding 5.25% senior notes due 2027. B&G Foods, Inc. is a consumer goods company that manufactures and distributes food products.