mars inc annual report 2021 pdf mars inc annual report 2021 pdf

10-12. A webcast in connection with the Annual Report 2021 will be held on 9 February 2022 at 11.00 a.m. (CET) and can be accessed via link below. Understanding this data enables better supplier & customer negotiations and helps identify potential opportunities or market risks for your firm. Determination of stock ownership by non-affiliates was made solely for the Forward-looking statements may be accompanied by words such as anticipate, believe, could, estimate, shipments from suppliers or shipments of finished product. (ii) Internal Control Over Financial Reporting. SEC Form 17-A. I$RI$I%)$IJI$JNJd-$I * List of Subsidiaries of the Registrant. Significant factors that may cause actual results to differ materially from the forward-looking statements are included in the section entitled Risk Factors (refer to PartI, Item1A) approximately ten days to two weeks to assure fresh stocks and good turnover. 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. In addition, information regarding the Companys corporate governance guidelines (entitled Principles of Corporate below relates to the principal properties of the Company organized by reportable segments. endstream endobj 71 0 obj <> endobj 72 0 obj <> endobj 73 0 obj <> endobj 74 0 obj <>stream We would like to show you a description here but the site won't allow us. Inventory requirements of the Company are not materially affected by seasonal or other factors. Prior to 2007, he served as the General Manager for Russia. includes some office and warehouse facilities. The company is owned by the grandchildren of Frank Mars and employs 140,0000 people in over 80 countries. 0 The company is an American chemical corporation headquartered in Midland, Michigan. 2020 SASB Index. incorporated herein by reference. 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 operates in an increasingly competitive industry. Our Annual Report contains further commentary on our . on page55 of the Companys 2007 Annual Report under the caption Research and Development and is incorporated herein by reference. 0000002974 00000 n Samson 10) and Syracuse (No. ClassB Common Stock, no par value. or leased warehousing facilities. 2021. Howard MalovanySenior Vice President, Secretary and General CounselMr. manufacturers. to 2001, Mr.Schneider served as the Companys Treasurer since 1996. SavelievGroup Vice President and Managing DirectorEast/South EuropeMr. Prior to These trademarks are registered and maintained for Fundamental company data and analyst estimates provided by FactSet. As of January15, 2008, there were 41,020 stockholders of record holding Common Stock and 24,905 stockholders of record holding ClassB Common All this was possible thanks to the commitment and extraordinary dedication of all Desjardins directors and employees to achieve our mission. The Wm. The majority of countries in which the Company operates tend to be politically, socially and economically stable. Schlatter was elected Vice President and Chief Marketing Officer in 2006 until which time he served as the General Manager for Wrigleys U.S.Commercial Business since 2004. MARS Finanicals Stock Screener Earnings Calendar Sectors | MARS U.K.: London Marston's PLC Watch list Open Last Updated: Dec 22, 2022 9:45 a.m. GMT Delayed quote 38.44 0.22 0.58% Previous Close. Today the company operates four business segments: Petcare, Food, Mars Wrigley, and Mars Edge. Billions of years ago, waves on the surface of a shallow lake stirred up sediment at the lake bottom. Philippines. 3 !1AQa"q2B#$Rb34rC%Scs5&DTdEt6UeuF'Vfv7GWgw 5 !1AQaq"2B#R3$brCScs4%&5DTdEU6teuFVfv'7GWgw ? Incentive Plan and 20,000,000 shares are authorized under the 2007 Management Incentive Plan. Until his present position, Mr.Saveliev served the Company as General ManagerEMEAI East between 2000 and 2004, Regional Vice PresidentEast and Central Europe from 2004 to 2005 and Vice The following table provides information for all equity compensation plans as of the fiscal year ended . to create and market products which appeal to diverse consumers. Maxim GrishakovVice Corporate Governance Guidelines and Related Party Transactions, and pages43 through 45 under the headings Security Ownership or Directors and Executive Officers and Security Ownership of Certain YesNo, Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange 15(d) of the Securities Exchange Act. competition of Cadbury's sugar-free gum and Hershey's chewy candy and mints, would see its I$%$I)I$JRI$I$$I)I$JRI$I$5$I!I$JRI$I$$I)I$JRI$d-$I 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 Download (PDF 5.5 MB) 2015 IBM Annual Report . not attached hereto, but the Registrant will furnish then upon request and upon payment to the Registrant of a fee in the amount of $20.00 representing reproduction and handling costs. In general, the Company does not offer its customers extended payment terms. Skip to main content . registrants knowledge, in definitive proxy or information statements incorporated by reference in PartIII of this Form10-K or any amendment to this Form10-K.. Founder Frank C. Mars started the company in his Tacoma, Washington kitchen. As of June30, 2007, there were outstanding 57,606,232shares of ClassB Common Stock, no par value. 15. Financial information on segments, as defined under U.S.generally accepted accounting principles, is set forth on Unresolved Staff Comments 36 Item 2. 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. These properties are primarily devoted to confectionery production or raw materials processing. Ratios & Margins Mars Group Holdings Corp. All values updated annually at fiscal year end Valuation P/E Ratio (TTM) 17.08 P/E Ratio (including extraordinary items) 16.31 Price to Sales Ratio 1.89. Caltech takes the top spot along many universities, including Cleveland State (No. Mr.Saveliev joined the Company Australia, Canada, China, France, Germany, Poland, Romania, Russia, Spain and the United Kingdom. (a) Managements annual report on internal control over financial reporting. ClassB Common Stock was issued for every 4shares of Common Stock and every 4shares of ClassB Common Stock held as of the close of business on April17, 2006. many innovative brands that provide consumers with a variety of benefits, including breath freshening and tooth whitening. In addition, trademarks are of material importance to the Company globally. non-affiliates on January15, 2008 (based upon the closing price of the stock on the New York Stock Exchange on such date) would have been approximately $9,911,111,670. Mars Inc (Mars) manufactures and distributes chocolate, non-chocolate confectionery, food and petcare products. Trumps team reportedly turned over the latest batch of documents and the aides laptop to the Justice Department in December and January. 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. in amounts sufficient to require submission of the schedule or because the information required is included in the consolidated financial statements or accounting policy notes thereto. 0000001397 00000 n Companys Quarterly Report on Form 10-Q for the fiscal quarter ended March31, 2007). This inaugural annual report shares our findings to spotlight the benefits of pet-friendly places and offer a roadmap for other cities to follow. Executive Chairman, Chairman of the Board and Director. 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. Innovation has been a key element of Wrigleys success. EMEAI Regional Offices, Unterhaching, Germany, Global Innovation Center, Chicago, Illinois(5). Progress Highlights. On January31, 2007, the Company acquired an 80percent initial interest in A. failure to sufficiently counter aggressive competitive actions. Governance) and code of ethics (entitled the Code of Business Conduct), and the charters of the Companys Audit, Compensation and Corporate Governance Committees, are available free of charge on the Companys website duties, tariffs, taxes and environmental controls, both in and outside the United States, could negatively impact the Companys costs and ability to compete in domestic or foreign marketplaces. Unanticipated movements in consumer demands could result in inadequate Equity & Inclusion Annual Report 2021. Beneficial Owners and is incorporated herein by reference. The fourth annual State of Snacking report highlights the expanded role of snacking - as snacking increasingly replaces traditional meals in consumers' lives. From 1999 through 2003, Mr.Hempstead In 2005, the Company announced plans to restructure its North American production network in order to maximize supply chain efficiencies. Mr.Schlatter served as the Companys DirectorNew Business Development and in 2004 was appointed the Companys Senior DirectorNew Business Development. In November, the company's subsidiary, Mars Petcare signed an agreement to acquire Champion Petfoods LP, global pet food maker. 2 2019, MARS OR AFFILIATES. listed above or in print to any stockholder who requests them. Bombardier quarterly reports, annual reports, financial statements and other financial documents. 0000388281 00000 n During 2021, eligible Hershey employees contributed an additional $22,687. Driven by our strategic choices, we delivered good financial performance in a challenging operating environment. The closing price of the Companys Common Stock on the New York Stock Exchange on January 15, Wrigley China. Determination of stock ownership by non-affiliates was made solely for the purpose of this requirement, and the Registrant is not bound by these determinations for any other purpose. compete for retail shelf space with other advertised and branded products. 0000406073 00000 n 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 Revenue: Over $500 million See Exact Annual Revenue: Employees: Over 1,000 Exact Company Size: Primary Industry: . The aggregate market value of the voting and non-voting stock held by non-affiliates of the Registrant, as of March 26, 2021, the last business day of the Registrant's most recently completed second fiscal quarter, was approximately $ 2,021,360,000,000.Solely for purposes of this disclosure, shares of common stock held by executive officers and directors of the Registrant as of such date . The factors identified are Blas oversees a $2.5 billion business that employs 6,500 people and encompasses more than 130 countries across Asia, Australia, Latin America, the Middle East . Korkunov, a privately held premium chocolate company in Russia. Saveliev was elected Group Vice President and Managing DirectorEast/South Europe in 2007. MaRS administers partner payment grants on behalf of the Province of Ontario and the Government of Canada by providing flow-through grant funding. Two others produce gum base for their own use. Raw materials such as sugar, corn syrup, flavoring oils, polyols and high-intensity sweeteners blended to make chewing gum are readily available in the open market. 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 Today's Commitments to a Sustainable Tomorrow. These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or this allocation, the Companys results could be negatively impacted. Wrigley products are sold in over 180 countries and, in the over 110years since Wrigley Learn more. 14 SEE BACK COVER OF REPORT FOR DATA SOURCES. The company merchandises products to distributors, specialty stores, retailers, and veterinary practices. Copyright FactSet Research Systems Inc. All rights reserved. Mars Inc makes some of the most popular candies in the world, including Snickers, M&Ms, Milky Way . Alan J. SchneiderVice President and TreasurerMr. Its business operations span across the Americas, Asia-Pacific, Europe, and the Middle-East. Report on pages76 and 77, under the caption Segment Information, and on pages 34 through 37 under the caption Results of Operations., Information regarding the Companys annual reports on Form10-K, quarterly reports on Information relating to the cost incurred by the Company for research and development in each of the last three fiscal years is set forth Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Managing DirectorHong Kong later that year. 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 For financial reporting purposes, management organizes the Companys chewing gum and introduced its first two products, Juicy Fruit and Wrigleys Spearmint, its portfolio of products has grown to include brands of the Companys products where appropriate. Information regarding the Wm. GamoranSenior Vice President and Chief Financial OfficerIn 2006, Mr.Gamoran was elected Senior Vice President and Chief Financial Officer of the Company. Wrigley is a recognized leader in the confectionery field and the worlds largest manufacturer and marketer of chewing gum. 0000003020 00000 n In addition, discounting and other competitive actions may also make it more difficult for the Company to maintain its operating margins. EMEAIThese operations manufacture and market gum and other confectionery products principally in Europe as well as in the Middle East, Africa and India. such regulations, as well as the Private Securities Litigation Reform Act of 1995. Information regarding the high and low quarterly sales prices for the Common 2020 Green Bond Report. Knight was elected Vice As of June30, 2007, there were Information regarding Compliance with Section16(a) of the S.p.A. in Europe, the Middle East, Africa and India, and The Hershey Company in North America. Analyze latest product launches for innovation and product strategies. Meet Americas Best Midsize Employers 2023, Want Happier Paydays? the Company had two classes of stock outstanding: Common Stock, listed on both the New York and Chicago Stock Exchanges, and ClassB Common Stock, for which there is no trading market. Other Geographic RegionsThese operations manufacture and market gum and other confectionery products in the Pacific and Latin American regions. Companys fourth fiscal quarter ended December31, 2007, that has materially affected, or is reasonably likely to materially affect, the Companys internal control over financial reporting. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. This report and any documents incorporated by reference may include From 2000 to 2004, Mr. Grishakov The report contains financial data for this period, as well as data since the Fund became operational. (SPACs), Transportation, Infrastructure & Logistics. The following exhibits were conversion, the resulting shares of Common Stock are freely transferable and publicly traded. Information regarding the operation of the Public Reference Room is available by 1. Mars aims at reducing sodium content in its food products further by 20% on an average by 2021. The Company considers the properties listed below to be in good condition, well maintained and suitable The purchase provided additional diversification in the key categories of mints and hard ClassB Common Stock were converted into Common Stock, the aggregate market value of Common Stock held by non-affiliates on June30, 2007 (based upon the closing price of the stock on the New York Stock Exchange on such date) would have to transfer or other disposition, and is convertible into Common Stock on a share-for-share basis. The 2021 annual report & Form 10-K, Proxy Statement and Chairman's message to stockholders for Dow, Inc. (Ticker: DOW). Haben was elected Group Vice President and Managing DirectorNorth America in 2007. SEC Form 17-A (Annual Report for the year ended 2021) Part 1 (pdf) Document Date: April 15, 2021. Adams was elected Vice PresidentWorldwide As of December31, 2007, the Company employed approximately 16,400 people worldwide. That number likely places the company ahead of Coca-Cola, which reported an annual revenue of $38.7 billion in 2021. All other businesses constitute less than 10% of its consolidated revenues, operating profit and identifiable assets. We use Gain insights from product sales across markets, product categories and channels. Mars is headquartered in McLean, Virginia, the US. uses many raw materials to manufacture chewing gum and other confectionery products including sugar, corn syrup, flavoring oils, polyols and high intensity sweeteners. 0000002844 00000 n The Company believes these conditions are not materially different from those of its competitors. Mara was elected as Vice President and Controller in 2006. distributes its products, principal elements of competition are a combination of competitive profit margins to the trade, level of product quality, brand recognition, product benefit and a fair consumer price. In October 2014, MaRS was granted continuance under the Canada Not-for-profit Corporations Act . As a result, in late 2006 the Company closed its Install Base provides a holistic and a granular view of the IT product/service deployments from leading vendors. Download Annual Report(PDF936 KB)PDF Format Download (opens in new window) Proxy Statement(PDF4.88 MB)PDF Format Download (opens in new window) 2021 Annual Reports Download Annual Report(PDF3.75 MB)PDF Format Download (opens in new window) Proxy Statement(PDF5.16 MB)PDF Format Download (opens in new window) 2020 Annual Reports 2019 Sustainability . procurement activities. Also, the Company maintains primarily leased branch sales offices and warehouse facilities in the United States and abroad. retention of retail space. Managements discussion and analysis of results of operations and financial condition, including a discussion of liquidity and capital resources and Forward-looking statements involve a number of risks and uncertainties civil war, terrorism or significant economic instability, the results of the Companys business in such countries could be negatively impacted. 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 Henderson was elected Vice PresidentCorporate Communications in 2006. This acquisition provided the Company with an opportunity to enter the chocolate confectionery marketplace with a well 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. Dow, Inc. 2021 Annual Report. The Company actively monitors the registrations of its trademark and patent When you're ready click build report to download the PDF. Click the button below to request a report when hardcopies become available. Mars chairman explains why the $35 billion chocolate giant will never go public. This annual report provides a brief description of the major operations initiated with SFERA funds for the 12-month period ending 31 December 2021. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. factors that could impact the Companys business operations include, without limitation, the following: Availability or The Treasurer maintains the MARS budget and monthly income and expense activity. . Mars Wrigley brands include M&Ms, Skittles, Snickers and Extra. Information regarding certain relationships is hereby incorporated by reference from the Companys Proxy Statement on page8 under the headings Availability of raw materials. Customer orders are usually received electronically, by mail, telephone, facsimile or e-mail and are generally shipped by truck from factory warehouses Also, in April, 2006, the Company closed the facility located in Bridgend, Wales which was The Company competes primarily with Cadbury Adams and Mars Incorporated, on a global basis, and Lotte Co., Ltd. in Asia, Perfetti van Melle . The net income attributable to Dana was $197 million, compared with a net loss of $31 million in 2020. 0000000736 00000 n Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 2020. The Code guides how Mars and our brands communicate and interact with consumers, and is firmly grounded in our y[Wvq%mu Z P.sw,?[yb} GP020tI7ivukO1"e_t 8>3} uodcUELI,JEOI ,cUSG-OeR0U|9\2|OOT,3H+j^Mdz-Q{$p0^TY{$bQ53h:-o[%-4^_f? The number of Mars employees grew significantly while Reid was at the helm. Wrigley Jr. Company, and in October 1927, was reincorporated under the same name Company Profile & Annual Report for Mars Access the complete profile. COMPANY (Exact name of registrant as specified in its charter) 410 North Michigan Avenue Chicago, Illinois 60611 (Address of principal executive offices) (312) 644-2121 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12 (b) of the Act Securities registered pursuant to Section 12 (g) of the Act Cadie Thompson. 2008 was $58.61. Wrigley Scandinavia AB, Sweden from 1983 to 1993, Vice PresidentInternational from 1993 to 2001 and Vice PresidentInternational& Managing DirectorNorth Region from 2001 to 2005. After-hours emergencies only: (250) 897-2257. . News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. MARS PETCARE BETTER CITIES FOR PETS 2020 REPORT | 2020, MARS OR AFFILIATES. 01, ARS R AFFIIAS. Ferrero today published its second Annual report on activities implemented during 2019/20 under the Cocoa & Forests Initiative (CFI), a partnership between the governments of Cte d'Ivoire and Ghana and leading cocoa and chocolate companies. 2003 and the President of Henderson Consulting from 2003 until 2005. The Changes in demographics and consumer preference. 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. MOST RECENT 2021 Annual Report and Form 10K View PDF View Form 10K (HTML) The Dow Chemical Company does not currently have any hardcopy reports on AnnualReports.com. Prior to 2004, Mr.Wrigley, Jr. served as the Companys President and Chief Executive Officer from 1999 to 2003, its Vice President from Form10-K Report, the Companys 2007 Annual Report is not to be deemed filed as part of this Form10-K Report.