Canadian Manufacturing

Hostess to seek approval for $1.8M in executive bonuses, liquidation plan

Maker of Twinkies, Ding Dongs and Ho Hos says incentive pay needed to retain 19 managers


NEW YORK—Hostess Brands Inc. plans to ask for a judge’s approval to give its top executives bonuses totalling up to $1.8-million as part of its wind-down plans.

The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 managers during the liquidation process, which could take about a year.

Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation.

Hostess is also seeking final approval for its wind-down, which was approved on an interim basis last week.

The process includes the quick sale of its brands, which also include Wonder Bread.

Hostess says it has received a flood of interest in the brands.

The company’s bankruptcy means loss of about 18,000 jobs.

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