Conagra Brands Inc., Chicago, paid a total of about $155 million in lump sums to former employees that elected the option, the company disclosed in a 10-Q filing with the SEC.
The company made the payouts "subsequent to the end of the second quarter of fiscal 2020," which ended Nov. 30, according to the Jan. 2 filing.
Conagra offered a lump sum to "certain terminated vested participants" in its salaried pension plan, according to the filing.
As of Dec. 31, 2018, the Conagra Brands Inc. Pension Plan for Salaried Employees had $2.4 billion in assets, according to the company's most recent Form 5500 filing. Effective Jan. 1, the name of the plan was changed to the Conagra Brands Inc. Pension Plan.
Spokesman Daniel Hare could not be immediately reached to provide further information.