John B. Sanfilippo & Son, Inc. has announced a CEO and leadership succession plan effective October 1, 2026, to ensure a seamless transition and continued execution of its strategic plan. Jeffrey T. Sanfilippo, the current Chairman of the Board of Directors and Chief Executive Officer, will transition to the role of Executive Chairman. In this new capacity, he will continue to lead the Board of Directors and work closely with the executive team to support the Company’s strategic direction and long-term growth initiatives.

The Board of Directors has appointed Jasper B. Sanfilippo Jr., currently President and Chief Operating Officer, as the new Chief Executive Officer. Additionally, Frank S. Pellegrino, currently Executive Vice President and Chief Financial Officer, has been promoted to President and Chief Financial Officer. This expansion of Pellegrino’s role increases his leadership and operational responsibilities across the Company’s business.

Leadership Changes

The following table outlines the changes in executive roles effective October 1, 2026:

Jeffrey T. Sanfilippo described the announcement as the result of a thoughtful and deliberate succession planning process. He highlighted Jasper B. Sanfilippo Jr.'s operational expertise and strategic mindset, expressing full confidence in his ability to lead the company into its next phase of success. Regarding Pellegrino, Jeffrey noted his nearly 20 years of service and critical role in financial discipline and strategic execution, stating that the expanded role as President will strengthen the alignment between financial and operational priorities.

Jasper B. Sanfilippo Jr. expressed honor in succeeding Jeffrey and continuing the family legacy. He emphasized the company's talented leadership team and clear strategy, pledging to work with Pellegrino and the organization to deliver value for stockholders, customers, and employees. Frank Pellegrino also commented on the honor of being named President, appreciating the Board's trust and expressing excitement to partner with the leadership team to execute strategic priorities and drive sustainable growth.

Company Overview

Based in Elgin, Illinois, John B. Sanfilippo & Son, Inc. is a processor, packager, marketer, and distributor of nut and dried fruit products and snack bars. Products are sold under the Company’s Fisher®, Orchard Valley Harvest®, Squirrel Brand®, and Southern Style Nuts® brand names, as well as a variety of private brands.

John B. Sanfilippo & Son, Inc. announced that its Board declared a special cash dividend of $1.05 per share and a regular annual cash dividend of $0.95 per share. The aggregate payment of both dividends will return approximately $23.6 million to stockholders. This marks the ninth consecutive year the company has increased its annual dividend.

The special dividend and the annual dividend will be paid on September 9, 2026. Stockholders of record as of the close of business on August 17, 2026, will receive the distributions. The annual dividend represents an increase of $0.05 per share compared to the previous year's annual dividend.

Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer, attributed the payouts to the company's financial performance over the first three quarters of fiscal 2026. He stated that the dividends reinforce the goal of creating long-term stockholder value through the responsible use of cash.

Dividend Details

John B. Sanfilippo & Son, Inc. processes, packages, markets, and distributes nut and dried fruit-based products and snack bars. The company sells its products under private brands and its own brand names, including Fisher, Orchard Valley Harvest, Squirrel Brand, and Southern Style Nuts.