Wk Kellogg CO

Market Movers (8-K)

Ferrero Group has successfully completed its acquisition of WK Kellogg Co, making it a wholly owned indirect subsidiary and delisting its common stock from the NYSE.
WK Kellogg Co shareholders overwhelmingly approved the merger agreement with Ferrero International, S.A., paving the way for a September 26, 2025 closing.
WK Kellogg Co announced that all regulatory approvals for its merger with Ferrero International S.A. have been secured, with closing expected by end of September 2025 pending shareowner vote.
WK Kellogg Co has issued supplemental disclosures to its definitive proxy statement in response to shareholder lawsuits alleging material omissions regarding its merger with Ferrero International S.A.
Delay expected
WK Kellogg Co reported a significant decline in Q2 2025 net sales and net income, while confirming its pending acquisition by Ferrero Group for $23.00 per share.
Worse than expected
Capital raise
WK Kellogg Co announced that previously issued financial statements cannot be relied upon due to a non-cash inventory error, requiring restatements, while reaffirming its preliminary Q2 2025 results and pending merger with Ferrero International S.A.
Worse than expected
Delay expected

Quarterly Earnings (10-Q)

WK Kellogg Co reported a significant 78% drop in net income for the second quarter of 2025, driven by declining net sales and increased restructuring costs, while also announcing a proposed merger with Ferrero International S.A. for $23.00 per share.
Worse than expected
Capital raise
WK Kellogg Co has restated its first-quarter 2025 financial results and prior periods due to an inventory accounting error, revealing a material weakness in internal controls.
Capital raise
Worse than expected
WK Kellogg Co's Q1 2025 net sales decreased by 6.2% year-over-year, impacted by volume decline and ongoing restructuring efforts.
Worse than expected
WK Kellogg Co's third-quarter results show a net loss due to restructuring costs, despite some improvements in adjusted gross margin and EBITDA.
Worse than expected
WK Kellogg Co's second quarter results show a decrease in net sales and volume, offset by price increases and productivity initiatives, while also announcing a significant supply chain reorganization.
Worse than expected
Delay expected
WK Kellogg Co's first quarter earnings increased significantly year-over-year, driven by productivity and revenue management, despite a slight decrease in net sales.
Better than expected

Annual Reports (10-K)

WK Kellogg Co amends its 2024 annual report, restating financial statements due to inventory accounting errors and disclosing a material weakness in internal controls, while reporting operational improvements.
Capital raise
Worse than expected
WK Kellogg Co's 2024 10-K filing highlights strategic shifts in supply chain management, potential tariff impacts, and ongoing efforts to drive growth and efficiency post-separation from Kellanova.
Delay expected
Worse than expected
WK Kellogg Co. released its 10-K annual report, outlining its capital stock, financial results, and strategic outlook following its spin-off from Kellanova.
Better than expected

Insider Trading (Form 4)

Chief Customer Officer Bruce Alan Brown disposed of all WK Kellogg Co shares and equity awards following the company's acquisition by Ferrero International S.A. for $23.00 per share.
WK Kellogg Co CFO David McKinstray reports disposal of common stock and equity awards following the company's acquisition by Ferrero International S.A. at $23.00 per share.
Chief Supply Chain Officer Sherry Brice's equity holdings in WK Kellogg Co were converted to cash rights following the company's merger with Ferrero International S.A. at $23.00 per share.
WK Kellogg Co Director Julio N. Nemeth disposed of all his equity holdings following the company's merger with Ferrero International S.A. at $23.00 per share.
Chief Growth Officer Doug VanDeVelde reports disposition of WK Kellogg Co shares and conversion of equity awards following the company's merger with Ferrero International S.A. at $23 per share.
WK Kellogg Co's CEO, Gary H. Pilnick, converted all his common stock and equity awards into cash or contingent cash awards following the company's merger at $23.00 per share.

Proxy Statements (Def-14A)

WK Kellogg Co has filed supplemental disclosures to its definitive proxy statement, responding to shareholder lawsuits alleging material omissions and misrepresentations regarding its proposed merger with Ferrero International S.A.
Delay expected
WK Kellogg Co shareholders are invited to a special meeting on September 19, 2025, to vote on the proposed all-cash acquisition by Ferrero International S.A. for $23.00 per share.
WK Kellogg Co reported significant declines in second-quarter net sales and profit, while reiterating its pending acquisition by Ferrero Group for $23.00 per share.
Worse than expected
Capital raise
WK Kellogg Co announced restatements of past financial statements due to an inventory error and confirmed its merger with Ferrero International S.A. is on track.
Worse than expected
Delay expected
WK Kellogg Co has filed a preliminary proxy statement detailing its proposed merger with Ferrero International S.A., under which it will become a wholly owned indirect subsidiary of Ferrero.
Ferrero Group has reached a definitive agreement to acquire WK Kellogg Co, aiming to integrate iconic North American cereal brands and enhance market presence.

Schedule 13D - Activist Investments

WK Kellogg Co has completed its merger, becoming a wholly-owned subsidiary, with its common stock delisted from the NYSE and reporting obligations to be suspended.
A significant shareholder group, including Gordon Gund and various Gund family trusts, has entered into a voting agreement to support the proposed merger of WK Kellogg Co with Ferrero International S.A.
Better than expected

Schedule 13G - Passive Investments

Northern Trust Corporation has filed an amended Schedule 13G, reporting 0% beneficial ownership in WK Kellogg Co common stock.
Capital International Investors has filed an amendment to its Schedule 13G, reporting zero beneficial ownership in WK Kellogg Co. common stock.
The W.K. Kellogg Foundation Trust and W.K. Kellogg Foundation have filed an amendment indicating they no longer beneficially own shares of WK Kellogg Co.
KeyCorp has filed an amended Schedule 13G, reporting zero beneficial ownership in WK Kellogg Company's common stock as of September 30, 2025.
Capital International Investors has reported a beneficial ownership of 5.1% in WK Kellogg Co.'s common stock, totaling 4,412,189 shares.
The W.K. Kellogg Foundation Trust and Foundation have filed an amended Schedule 13G, correcting an overreported beneficial ownership stake in WK Kellogg Co to 15.7% as of December 31, 2023 and 2024.