2014

Hostess Brands Issues Statement Clarifying Executive Compensation

IRVING, Texas, Dec. 5, 2012 /PRNewswire/ -- Hostess Brands Inc. today issued the following statement to clarify recent reports about Chairman and CEO Gregory Rayburn's compensation.

Mr. Rayburn is a retained professional in the Company's bankruptcy proceedings and, as such, his compensation is subject to the final approval of the Court. Since Mr. Rayburn is not a Hostess employee, he receives no health or other benefits. Similarly, he is not included in any incentive plans that have been approved by the Court for the wind down of the Company.

Mr. Rayburn remains committed to leading the wind down efforts, including the marketing of the Company's assets, in order to maximize value for all stakeholders, including employees.

SOURCE Hostess Brands Inc.




Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.