Seaboard announces repurchase of 189,724 shares

Seaboard announced that it has agreed to repurchase 189,724 shares of its common stock, $1.00 par value per share, at a purchase price of $3,162.50 per share. This represents a 15.7% discount to the 180-day volume weighted average trading price of the Common Stock as of October 6, 2023, a 14.9% discount to the 30-day volume weighted average trading price of the Common Stock as of October 6, 2023 and a 13.5% discount to closing price of the Common Stock as of October 6, 2023. The Common Stock will be repurchased for an aggregate purchase price of $600,002,150 from entities affiliated with Ellen S. Bresky, the Chairwoman of the Board of Directors of Seaboard, and other members of the Bresky family, in a privately negotiated transaction. The repurchased shares will be retired.