SECURITIES AND EXCHANGE COMMISSION
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
As previously disclosed, on July 20, 2020 the Board of Directors (the “Board”) of Seaboard Corporation (the “Company”) appointed Ellen S. Bresky as a director and Chairwoman of the Board, effective immediately, to fill the vacancy previously held by her late husband, Steven J. Bresky. On September 22, 2020, in connection with Ms. Bresky’s appointment, the Board approved Ms. Bresky’s personal use of the Company’s airplane for up to 20 hours of flight time per year so long as she serves as a director or Chairwoman of the Board. The Company will also pay for incidental fees and expenses incurred related to the flights, including ground transportation, and a “tax gross-up” of the estimated federal and state income taxes Ms. Bresky will incur as a consequence of this benefit. At this time, Ms. Bresky will not receive any other compensation for her services as director or Chairwoman of the Board.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: September 22, 2020
/s/ Robert L. Steer
Robert L. Steer
President, Chief Executive Officer
and Chief Financial Officer