TR Filings — Tootsie Roll Industries Inc - FilingSpy
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Tootsie Roll Industries Inc
A maker of classic American candies, Tootsie Roll Industries produces the chewy chocolate Tootsie Roll, Tootsie Pops, Dots, Junior Mints, Andes Mints, and Dubble Bubble gum, sold in stores across the country. The company began in 1896 when Austrian immigrant Leo Hirschfield invented the Tootsie Roll as a chocolate treat that wouldn't melt in summer heat, naming it after his daughter Clara, whose nickname was "Tootsie." Today the Chicago-based company still makes the original recipe, and its candies are a familiar sight in movie theaters and trick-or-treat bags.
Tootsie Roll shareholders elect six directors and approve auditor and executive pay at 2026 annual meeting
At the May 6, 2026 annual meeting, all six director nominees were elected, with votes for ranging from 337,645,235 to 341,171,309 and broker non-votes of 3,041,154 for each.
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Shareholders ratified Grant Thornton LLP as independent auditor for fiscal 2026 by 343,765,144 votes for, 4,601,904 against, and 66,500 abstentions.
The advisory vote on named executive officer compensation for fiscal 2025 passed with 334,324,217 for, 10,913,870 against, and 154,307 abstentions.
The report was filed under Item 5.07 to disclose the voting results of the shareholder meeting.
The filing was made on May 11, 2026, and signed by CFO G. Howard Ember, Jr.
5.07 Submission of Matters to a Vote of Security Holders
Tootsie Roll reports Q1 2026 net sales up 2% to $149.5M; EPS flat at $0.24
First quarter 2026 net sales were $149,488,000, up $2,967,000 or 2% from $146,521,000 in Q1 2025.
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First quarter 2026 net earnings were $17,661,000, down from $18,058,000 in Q1 2025; EPS was $0.24 in both periods.
Gross profit margins were adversely affected by significantly higher cocoa and chocolate unit costs, though cocoa markets have retreated from 2025 highs.
Net earnings benefited from increased investment income, but were hurt by a higher effective tax rate (25.1% vs. 21.6%) and unfavorable international results.
The company expects lower cocoa and chocolate costs in late 2026 and into 2027 as lower commodity costs flow through supply chain.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Tootsie Roll Industries reports Q4 and full-year 2025 net sales and earnings increases
Fourth quarter 2025 net sales were $194,350,000, up 2% from $191,356,000 in Q4 2024.
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Fourth quarter 2025 net earnings were $28,791,000 ($0.40 per share), up 29% from $22,509,000 ($0.31 per share) in Q4 2024.
Full-year 2025 net sales were $724,675,000, up 1% from $715,530,000 in 2024.
Full-year 2025 net earnings were $100,052,000 ($1.37 per share), up 16% from $86,827,000 ($1.18 per share) in 2024.
The company expects lower cocoa and chocolate costs in late 2026 and into 2027, and estimated 2025 incremental tariff costs at approximately $3.7 million.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Tootsie Roll Industries reports Q3 2025 net sales up 3% to $230.6M, EPS up 9% to $0.49.
Third quarter 2025 net sales were $230,614,000, up 3% from $223,891,000 in Q3 2024.
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Third quarter 2025 net earnings were $35,659,000, up from $32,844,000 in Q3 2024; EPS rose to $0.49 from $0.45.
Nine months 2025 net sales were $530,325,000, up 1% from $524,174,000 in the prior-year period.
Nine months 2025 net earnings were $71,261,000, up from $64,318,000; EPS rose to $0.98 from $0.87.
The company expects higher cocoa and chocolate costs to continue into Q4 2025 and 2026, and noted a favorable $3.4 million cumulative after-tax bond accretion adjustment.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Tootsie Roll appoints Karen Gordon Mills as President and director
On June 2, 2025, the Board of Directors appointed Karen Gordon Mills as President and a director of Tootsie Roll Industries, Inc., for a term ending at the 2026 Annual Meeting of Shareholders.
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Mills, age 71, previously served as the 23rd Administrator of the U.S. Small Business Administration (2008-2013) and has been a Senior Fellow and faculty member at Harvard Business School since 2014.
Mills is the daughter of Ellen Gordon, Chairman and CEO, and the mother of Henry Gordon Mills, the Chief Operating Officer.
Mills will receive a base salary of $999,000 for her service as President and is eligible to participate in the company's Management Incentive, Excess Benefit, and Career Achievement Plans.
The Board also adopted amended and restated Bylaws, effective immediately, updating shareholder notice procedures, director nomination rules, and adding a Virginia forum selection provision.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 9.01 Financial Statements and Exhibits
Tootsie Roll shareholders elect five directors and ratify Grant Thornton as auditor at May 5, 2025 annual meeting.
At the annual meeting held May 5, 2025, all five director nominees were elected, with votes for ranging from 329,300,095 to 334,750,706.
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Ellen R. Gordon received 330,904,310 votes for and 4,047,283 withheld; Virginia L. Gordon received 331,008,197 for and 3,943,396 withheld.
Lana Jane Lewis-Brent received 329,300,095 for and 5,651,498 withheld; Michael A. Chodos received 334,750,706 for and 200,887 withheld; Paula M. Wardynski received 330,976,057 for and 3,975,536 withheld.
Broker non-votes were 3,434,790 for each director election.
Shareholders ratified Grant Thornton LLP as independent auditor for fiscal year 2025, with 333,624,818 for, 4,634,815 against, and 126,750 abstentions.
5.07 Submission of Matters to a Vote of Security Holders