BATTLE
CREEK, Mich., Oct. 3, 2023
/PRNewswire/ -- WK Kellogg Co (NYSE: KLG) today is celebrating its
launch as an independent, publicly traded company with the
completion of its planned separation from Kellanova (NYSE: K),
formerly Kellogg Company, on October 2,
2023. The company now trades on the New York Stock Exchange
(NYSE) under the ticker symbol "KLG."
WK Kellogg Co is a leading food company in the U.S.,
Canada, and Caribbean with a deep heritage of innovation
and operational success, supported by its portfolio of trusted,
beloved brands including Kellogg's, Frosted Flakes, Froot Loops,
Mini-Wheats, Special K, Raisin Bran, Rice Krispies, Corn Flakes,
Kashi, and Bear Naked, that have delighted consumers for
more than a century.
"Today is a defining moment for all of us at WK Kellogg Co. With
the spirit of a start-up and a strong foundation of iconic brands
and characters, we are writing the next chapter of our founder W.K.
Kellogg's original story. We are confident that as a standalone,
publicly traded company, we are well positioned to deliver on our
strategic objectives, win in cereal and create value for customers,
consumers, employees, communities and shareholders," said
Gary Pilnick, Chairman and Chief
Executive Officer of WK Kellogg Co.
Pilnick continued, "On behalf of the WK Leadership Team and the
Board, I want to thank our 3,000+ employees for their hard work and
dedication in getting us to this exciting stage. It is a privilege
to launch this company and celebrate this milestone alongside
them."
Members of WK Kellogg Co's executive leadership team will ring
the Opening Bell at the NYSE today. The company will also host a
variety of events for its employees across its offices and plants
in the U.S., Canada, and
Caribbean. A live feed of the NYSE
Opening Bell can be found at
https://www.youtube.com/live/049XGwC3Pkg?feature=shared.
As previously announced, WK Kellogg Co will remain headquartered
in Battle Creek, Michigan.
About WK Kellogg Co
At WK Kellogg Co, we bring our best to everyone, every day
through our trusted foods and brands. Our journey began in 1894,
when our founder W.K. Kellogg reimagined the future of food with
the creation of Corn Flakes, changing breakfast forever. Since
then, we have embraced the same spirit of innovation and
entrepreneurship in everything we do, channeling our founder's
passion and commitment to creating high quality and delicious
products while fostering communities. Our iconic brand portfolio
includes Frosted Flakes, Rice Krispies, Froot Loops, Kashi,
Special K, Raisin Bran, and Bear Naked. With a
presence in the majority of households across North America, our brands play a key role in
enhancing the lives of millions of consumers every day, promoting a
strong sense of physical, emotional and societal wellbeing. Our
beloved brand characters, including Tony the Tiger and Toucan Sam,
represent our deep connections with the consumers and communities
we serve. For more information, visit www.wkkellogg.com.
Forward-Looking Statements
This press release contains a number of forward-looking
statements, which are subject to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include predictions of future results or activities and
may contain the words "expect," "believe," "will," "can,"
"anticipate," "estimate," "project," "should," or words or phrases
of similar meaning. You are cautioned not to rely on these
forward-looking statements. Forward-looking statements by their
nature address matters that are, to different degrees, uncertain,
and are subject to risks, uncertainties, and assumptions. Should
one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those indicated or anticipated by such
forward-looking statements. The inclusion of such statements should
not be regarded as a representation that such plans, estimates or
expectations will be achieved. Important factors that could cause
actual results to differ materially from such plans, estimates or
expectations include, among others, (1) the ability of WK Kellogg
Co to succeed as a standalone publicly traded company, (2) the
possibility that the separation will not achieve its intended
benefits, (3) the possibility of disruption, including changes to
existing business relationships, disputes, litigation or
unanticipated costs in connection with the separation, (4)
uncertainty of the expected financial performance of WK Kellogg Co
following completion of the separation, (5) negative effects on the
market price of the securities of WK Kellogg Co and/or on the
financial performance of WK Kellogg Co, as a result of the
separation, (6) evolving legal, regulatory and tax regimes, (7)
changes in general economic and/or industry specific conditions,
(8) actions by third parties, including government agencies and (9)
other risk factors as detailed from time to time in WK Kellogg Co's
reports filed with the SEC, including its Registration Statement on
Form 10, Quarterly Reports on Form 10-Q, Current Reports on Form
8-K and other documents filed with the SEC. Copies of these filings
are available online at www.sec.gov, www.investor.wkkellogg.com or
on request from WK Kellogg Co. The foregoing list of important
factors is not exhaustive. Any forward-looking statement made in
this press release speaks only as of the date of this press
release. WK Kellogg Co does not undertake to update any
forward-looking statement as a result of new information or future
events or developments.
Analyst Contact:
Karen Duke, (269) 401-3164
Matt Harrison, (269) 961-2457
Media Contact:
Stacy Flathau, (269) 401-3002
View original content to download
multimedia:https://www.prnewswire.com/news-releases/wk-kellogg-co-celebrates-launch-as-an-independent-company-301945070.html
SOURCE WK Kellogg Co.