Item 7.01 Regulation FD Disclosure.
As previously announced, ConAgra Foods, Inc., a Delaware corporation (the Company), plans to separate into two independent, publicly-traded
companies: Conagra Brands, comprised of its robust consumer portfolio of diverse brands, and Lamb Weston, comprised of its market leading foodservice portfolio of innovative frozen potato products.
On September 2, 2016, the Company announced that the executive leadership teams of Conagra Brands and Lamb Weston plan to present their respective business
strategies and long-term financial objectives as two independent companies at separate investor days to be held in October 2016. The separation remains on track for completion in the fall of 2016.
Lamb Weston Investor Day
On Thursday, October 13, 2016,
Tom Werner, who is expected to serve as the President and CEO of Lamb Weston after the separation is completed, together with members of the Lamb Weston leadership team, will host an investor day from 9:00 am to 12:00 pm EDT at the
Metropolitan Pavilion West in New York City.
Conagra Brands Investor Day
On Tuesday, October 18, 2016, Sean Connolly, who is expected to serve as the President and CEO of Conagra Brands after the separation is completed, together
with members of the Conagra Brands leadership team, will host an investor day from 10:00 am to 4:30 pm EDT (9:00 am to 3:30 pm CDT) at the Merchandise Mart in Chicago.
Live audio webcasts of both presentations will be available on the Internet at http://investor.conagrafoods.com. Archived webcasts and slides will be
available at http://investor.conagrafoods.com upon completion of the respective events.
Due to limited capacity at the venues, in-person attendance to
both investor days will be by invitation only.
Note on Forward-looking Statements
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking
statements are based on managements current expectations and are subject to uncertainty and changes in circumstances. These risks and uncertainties include, among other things: ConAgra Foods ability to successfully complete the spinoff
of its Lamb Weston business on a tax-free basis, within the expected time frame or at all; ConAgra Foods ability to execute its operating and restructuring plans and achieve its targeted operating efficiencies, cost-saving initiatives, and
trade optimization programs; ConAgra Foods ability to successfully execute its long-term value creation strategy; ConAgra Foods ability to realize the synergies and benefits contemplated by the Ardent Mills joint venture; risks and
uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; the availability and prices of raw materials, including any negative effects caused by inflation or weather conditions; the
effectiveness of ConAgra Foods product pricing efforts, whether through pricing actions or changes in promotional strategies; the ultimate outcome of litigation, including litigation related to the lead paint and pigment matters and the
accident at its former Garner plant; future economic circumstances; industry conditions; the effectiveness of ConAgra Foods hedging activities, including volatility in commodities that could negatively impact ConAgra Foods derivative
positions and, in turn, ConAgra Foods earnings; the success of ConAgra Foods innovation and marketing investments; the competitive environment and related market conditions; the ultimate impact of any ConAgra Foods product recalls;
access to capital; actions of governments and regulatory factors affecting ConAgra Foods businesses, including the Patient Protection and Affordable Care Act; the amount and timing of repurchases of ConAgra Foods common stock and debt,
if any; the costs, disruption and diversion of managements attention associated with campaigns commenced by activist investors; and other risks described in ConAgra Foods reports filed with the Securities and Exchange Commission (the
SEC), including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors and security holders are cautioned not to place undue reliance on these forward-looking statements, which speak only as of
the date they are made. ConAgra Foods disclaims any obligation to update or revise statements contained in this communication to reflect future events or circumstances or otherwise.
The information in this Item 7.01 is being furnished to the SEC and shall not be deemed to be filed for purposes of Section 18 of the Securities
Exchange Act of 1943, as amended, or otherwise subject to the liabilities thereof and shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as
shall be expressly set forth by specific reference in such filing.