Hostess Brands Releases Statement About Compensation For CEO

Dec. 6, 2012

Hostess Brands Inc. issued the following statement to clarify recent reports about Chairman and CEO Gregory Rayburn's compensation:

Rayburn is a retained professional in the company's bankruptcy proceedings and, as such, his compensation is subject to the final approval of the court. Since Rayburn is not a Hostess employee, he receives no health or other benefits. Similarly, he is not included in any incentive plans that have been approved by the court for the wind down of the company.

Rayburn remains committed to leading the wind down efforts, including the marketing of the company's assets, in order to maximize value for all stakeholders, including employees.


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Hostess Claims 110 Potential Buyers, Says Executive Bonuses Necessary

Nov. 30, 2012
In a hearing in the U.S. Bankruptcy Court in the Southern District of New York in White Plains, N.Y., Hostess Brands has said it is talking to 110 potential buyers for its brands...

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