Publix Nominates Steve Knopik to its Board of Directors
Lakeland, FL
By Eric Anderson
3.18.13
Publix is expanding its board of directors to 10 members, with the nomination of Stephen Knopik, CEO of Beall’s Inc.
Of the current nominees, Knopik is the only one who doesn’t currently serve on the board. He previously was President, Chief Financial Officer and Director of Finance at Beall's, a Bradenton-based retailer. He was recommended for the board by a management director, according to a proxy filed with the U.S. Securities and Exchange Commission.
Although Beall's subsidiaries lease space in several shopping centers owned by Publix, which received lease payment from those subsidiaries of $1.2 million, the leases were signed before Knopik was nominated for the board, and their terms are not more favorable than would have been provided to any other company, the proxy said. The board determined that Knopik’s position at Beall's would not interfere with the exercise of his independent judgment in serving as a Publix director, according to the Tampa Bay Business Journal.
Publix shareholders, employees, and board members will vote on directors at the company’s annual meeting, which will be April 6 at the grocer’s headquarters in Lakeland.
Separately, Publix’s top executives each received 4.5 percent salary increases in 2012, the proxy said. CEO William Crenshaw’s total compensation for 2012 was $1.046 million, compared to $1.005 million in 2011.
Publix
