In addition to his direct holdings, Hagedorn retains indirect ownership of 28,299.884 shares through a 401(k) plan and 1,231,147 shares via the Hagedorn Partnership, L.P., where he is a general partner. This latest transaction reflects Hagedorn's ongoing management of his investment in the company, where he serves as both CEO and Chairman. According to InvestingPro, SMG maintains a GOOD overall financial health score, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of this and 1,400+ other US stocks. According to InvestingPro, SMG maintains a GOOD overall financial health score, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of this and 1,400+ other US stocks.
In addition to his direct holdings, Hagedorn retains indirect ownership of 28,299.884 shares through a 401(k) plan and 1,231,147 shares via the Hagedorn Partnership, L.P., where he is a general partner. This latest transaction reflects Hagedorn's ongoing management of his investment in the company, where he serves as both CEO and Chairman.
In other recent news, ScottsMiracle-Gro has announced significant changes to its executive team, including promotions and a transition plan for its CFO. Nate Baxter (NYSE:BAX), previously COO, has been appointed President and COO, while Chris Hagedorn, former division president of Hawthorne Gardening, has been promoted to Executive Vice President and Chief of Staff. Matt Garth will step down as CFO at the end of 2024, with Mark Scheiwer assuming the role of interim CFO and Chief Accounting Officer from January 2025.
These developments come as the company reaffirms its fiscal 2025 guidance and announces its fiscal 2024 year-end earnings. The earnings report was led by Chairman, President, and CEO Jim Hagedorn, and CFO Matt Garth, with participation from Baxter and Chris Hagedorn. The company noted that actual results might differ from the discussed figures.
While the company's leadership expressed confidence in its performance and future guidance, they also acknowledged the potential for actual results to differ from projections. The company has directed listeners to SEC filings for risk factor details. An archived version of the earnings webcast will be made available on the company's investor relations website.
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