KELLANOVA (CORPORATION)

Shareholders of Kellanova

Kellanova is no longer a company with a dispersed shareholder base, and the shareholder table above this block describes a security that has ceased to exist. Kellanova’s common stock, par value $0.25, was cancelled on 11 December 2025 on completion of the merger: each share outstanding immediately before the effective time, other than shares already held inside the acquiring group and shares whose holders properly exercised and perfected appraisal rights under Delaware law, was converted into the right to receive $83.50 in cash. On 22 December 2025 Kellanova filed a Form 15 with the United States Securities and Exchange Commission certifying the termination of registration of that class and the suspension of its reporting duty, relying on Rule 12g-4(a)(1) and Rule 12h-3(b)(1)(i). On the face of that form, the approximate number of holders of record of the common stock is one. Kellanova’s own Form 8-K of 11 December 2025 identifies the holder by describing the company as a wholly owned subsidiary of Acquiror 10VB8, LLC, a Delaware limited liability company. So far as anything on the public record shows, there is one direct shareholder and no second.

The same Form 15 gives holder-of-record counts for eleven classes of Kellanova debt, which remain outstanding: 108 holders of the 3.750% Senior Notes due 2034, 84 of the 0.500% Senior Notes due 2029, 70 of the 3.250% Senior Notes due 2026, 67 of the 4.300% Senior Notes due 2028, 65 each of the 3.400% Senior Notes due 2027 and the 7.450% Debentures due 2031, 64 of the 5.250% Senior Notes due 2033, 55 of the 2.100% Senior Notes due 2030, 52 of the 4.500% Senior Debentures due 2046, 47 of the 5.750% Senior Notes due 2054, and nil of the 1.250% Senior Notes due 2025. Noteholders are creditors, not shareholders, and no holding of share capital attaches to any of them; the counts are given because they are the only holder figures Kellanova now publishes and because they show the form was completed, which is what makes the single common-stock holder meaningful rather than an omission.

Before the merger, 345,215,923 shares of common stock were issued and outstanding as at 25 January 2025. One pre-merger disclosure deserves to be read carefully rather than as an ownership figure. On 19 August 2024 Mars, Incorporated and Acquiror 10VB8, LLC filed a Schedule 13D in respect of Kellanova reporting beneficial ownership of 70,802,521 shares, 20.6% of the class, with sole voting power nil, shared voting power 70,802,521, and both sole and shared dispositive power nil. The filing states in terms that the interest arises solely because the reporting persons entered into separate voting agreements with the holders of those shares, that no share was purchased and no payment was made, and that neither the filing nor its contents is an admission of beneficial ownership. That is a voting arrangement, not a stake: at the date of the filing the acquiring group held no Kellanova shares.

Ultimate beneficial ownership

No ultimate beneficial owner of Kellanova can be identified from any source read for this profile, and none is published. The chain runs from Kellanova to Acquiror 10VB8, LLC to Mars, Incorporated, a privately held Delaware corporation. No percentage is published at any step beyond the statement that Kellanova is wholly owned, so no effective ownership percentage can be calculated, and the chain stops at a company that publishes no ownership of its own. This is a disclosure boundary rather than a gap in this profile: Delaware publishes no shareholder or beneficial-ownership information for any corporation, and under the final rule published by the Financial Crimes Enforcement Network on 11 August 2026, effective 14 August 2026, entities created in the United States are exempt from beneficial ownership information reporting altogether, so there is no federal beneficial-ownership filing for either Kellanova or Mars, Incorporated to be out of date and none would be public if there were. Nothing here should be read as implying that Kellanova has no beneficial owner.

What the shareholder table on this page shows

The table above is a provider-supplied snapshot of institutional positions in the cancelled common stock, and five separate things are wrong with it. First, the class no longer exists: every row carries a verification date of 4 September 2026, which is nine months after the shares were cancelled. Second, the table is truncated by the provider’s own account — it reports 9 results across 2 pages and stores 5 rows, so four positions the provider itself says exist are not shown and cannot be audited. Third, the percentages are shares of the sample rather than of the company. All five rows divide by the same implied denominator, 220,641,178, which is internally consistent — so a consistency check on the denominator would pass — but Kellanova had 345,215,923 shares outstanding, so every percentage is overstated by a factor of about 1.56. The largest row, shown as 14.01%, is 30,919,278 shares, which is 8.96% of the shares actually outstanding. The five rows together come to 25.57% of their own sample, so a check that the table sums to 100% would fail as well. Fourth, every row carries an identical share price of $83.45 in US dollars, which is neither the $83.50 merger consideration nor a price that could have been observed on any date after 11 December 2025. Fifth, the entity type is given as “Company” for all five rows, including one that is a series of a registered investment trust rather than a company, and several of the positions are held in a management or custodial capacity rather than beneficially.

One further point is about what the table leaves out rather than what it gets wrong. Kellanova’s own Form 10-K for 2024 names the W. K. Kellogg Foundation Trust on its cover page among the holders it treats as possible affiliates when computing the market value of common stock held by non-affiliates — a long-standing holding large enough to affect that computation. The Trust does not appear in the table at all. A reader auditing the percentages row by row would not find this, because the defect is an absence.

A note on how this was checked, because it affects what can be relied on. Kellanova’s beneficial-ownership filings appear under two different form names in the SEC’s own index: the older strings “SC 13G” (10 filings), “SC 13G/A” (122) and “SC 13D” (3), and the strings introduced in February 2025, “SCHEDULE 13G/A” (8) and “SCHEDULE 13D/A” (1). Both generations coexist on this issuer, so a search filtered to either name alone returns an incomplete set. Enumerating both is also what surfaced the oddest item on the record: a Schedule 13G/A filed on 17 February 2026, amendment number 10, reporting 0 shares and 0.0% of the class with an event date of 31 December 2025 — an institution formally reporting its exit from a class that had been cancelled seven weeks earlier.

Data availability

Not public, with a full historical record. For the present position the only published figure is the single holder of record on the Form 15; there is no register anywhere that publishes the shareholders of a Delaware corporation, and none that publishes the owners of Mars, Incorporated. For the period up to 11 December 2025 the record is complete in the ordinary way for a New York Stock Exchange registrant — major holders above the Schedule 13D and 13G thresholds, with dates — and that record is frozen at the merger. Share classes: Kellanova had a single class of common stock of $0.25 par value, and the figures above all relate to it.

Sources

• Kellanova, Form 15 (15-12G), certification and notice of termination of registration — https://www.sec.gov/Archives/edgar/data/55067/000119312525327851/d73797d1512g.htm — filed 22 December 2025, retrieved 8 October 2026
• Kellanova, Current Report on Form 8-K (merger completion; Items 2.01, 3.01, 3.03 and 5.01) — https://www.sec.gov/Archives/edgar/data/55067/000119312525315130/d90636d8k.htm — filed 11 December 2025, retrieved 8 October 2026
• Mars, Incorporated and Acquiror 10VB8, LLC, Schedule 13D in respect of Kellanova — https://www.sec.gov/Archives/edgar/data/55067/000134100424000139/sc13d.htm — event date 13 August 2024, filed 19 August 2024, retrieved 8 October 2026
• Kellanova, Annual Report on Form 10-K for the fiscal year ended 28 December 2024 (cover page: shares outstanding and non-affiliate market value) — https://www.sec.gov/Archives/edgar/data/55067/000162828025007118/k-20241228.htm — filed 21 February 2025, retrieved 8 October 2026
• Schedule 13G/A in respect of Kellanova, amendment no. 10 — https://www.sec.gov/Archives/edgar/data/55067/000007312426000010/primary_doc.xml — event date 31 December 2025, filed 17 February 2026, retrieved 8 October 2026
• Financial Crimes Enforcement Network, beneficial ownership information reporting — https://www.fincen.gov/boi — final rule of 11 August 2026, effective 14 August 2026, retrieved 8 October 2026

Directors and officers of Kellanova

Kellanova’s board and its senior management changed completely on 11 December 2025, and the officer cards above this block show the position as it stood before that date. Kellanova’s own Current Report on Form 8-K of that date records, at Item 5.02, that eleven people resigned from the board and from every committee of it at the effective time of the merger, and that the managers of Merger Sub 10VB8, LLC immediately before the effective time were appointed as directors in their place. The filing does not name the incoming directors, so the present composition of the board is not on the public record. It does name the incoming officers: Andrew P. Clarke was appointed President, Myriah Gambrell-Glenn Secretary and Ross Plagman Treasurer. Myriah Gambrell-Glenn’s appointment as Secretary is independently corroborated twice over, by the signature block of that same 8-K and by the signature on Kellanova’s Form 15 of 22 December 2025. Six people are recorded in the 8-K as having resigned as officers on 11 December 2025: Steve Cahillane, Nicolas Amaya, Shumit Kapoor, David Lawlor, John Renwick and Kurt Forche. Nationality is not disclosed for any of them, and no corporate register publishes it.

Recent officer changes

• 11 December 2025 — appointment of three officers. Andrew P. Clarke as President, Myriah Gambrell-Glenn as Secretary and Ross Plagman as Treasurer, effective following the effective time of the merger. Source: Form 8-K Item 5.02, filed 11 December 2025.
• 11 December 2025 — resignation of six officers. Steve Cahillane, Nicolas Amaya, Shumit Kapoor, David Lawlor, John Renwick and Kurt Forche resigned as officers. Source: Form 8-K Item 5.02, filed 11 December 2025.
• 11 December 2025 — resignation of the whole board, and its replacement. Steven A. Cahillane, Stephanie A. Burns, Carter A. Cast, Roderick D. Gillum, G. Zachary Gund, Donald R. Knauss, Mary A. Laschinger, Erica L. Mann, J. Michael Schlotman, La June Montgomery Tabron and Carolyn M. Tastad ceased to be directors, and the managers of Merger Sub 10VB8, LLC became directors. Source: Form 8-K Item 5.02, filed 11 December 2025.

What the officer cards on this page show

The thirteen officer cards above come from a provider feed, not from a register, and they describe Kellanova as it was before the merger. Every one of the thirteen rows carries a work status of ACTIVE, every one has no resignation date, and every one has no appointment date either — so the feed carries no signal at all about whether an appointment has begun or ended, and the ACTIVE badge is a default rather than a finding. The feed’s own last synchronisation date is 25 September 2026, which is nine and a half months after the resignations recorded in the 8-K. Checked row by row against that filing, six of the thirteen rows name a person the company’s own filing records as having resigned as an officer on 11 December 2025, and none of the three officers actually appointed on that date appears anywhere in the feed. The feed is not merely out of date on the margins; it is a snapshot of a management team that no longer holds office.

Three further defects are visible inside the stored data without reference to any external source. First, two separate rows assert the same office — Senior Vice President and Chief Legal Officer — and one of the two also claims the office of Secretary. At most one of the two can hold the legal-officer role, and neither can hold the secretaryship, because Kellanova’s Secretary signed both the completion 8-K and the Form 15. Second, one row carries the job title “Senior Sales Director”, which is a sales management position rather than a corporate office; it is rendered on this page as though it were one. Third, the feed does not distinguish an office from an occupation, and the cards above are labelled “Occupation” over a value that is in every case a job title, which is a distinction a compliance reader needs kept apart.

The names in the stored rows are mangled in a consistent way that a reader should know about before matching them against any other source. On five of the thirteen rows a middle initial has been parsed into the surname field, so the stored surname begins with a letter and a full stop; on one of those the surname field also absorbs a generational suffix and a professional designation, and on a sixth row a middle name has been absorbed into the surname. Any search built on the stored surname will fail or match the wrong person.

Four rows carry a year of birth and all four of those give the month of birth as January. No United States corporate register and no proxy statement publishes a month of birth for a company officer, so there is no source from which that value could have been taken; it is a fill value and it is not reproduced here. No date of birth, in whole or in part, appears on this page. No address is published for any officer either, and that is not a judgement call: every address field in all thirteen rows is empty apart from a country code of “US”, so the feed holds no street address of any kind and the question of whether a residential address might have been exposed does not arise on this record.

Data availability

Historical, and from filings rather than from a register. For the period up to 11 December 2025 the record is complete and well dated, because Kellanova was a New York Stock Exchange registrant and filed proxy statements and current reports naming its directors and executive officers. From that date it is effectively closed: the incoming directors are not named in any filing, Kellanova ceased to be a reporting company on 22 December 2025, and only three officers — the President, the Secretary and the Treasurer — are named in the public record thereafter. Nationality is not disclosed for anyone, and no register consulted publishes it. Nothing here should be read as evidence that Kellanova has no directors.

The register named in the information card above could not be consulted in either direction. All three Illinois Secretary of State hosts — apps.ilsos.gov, www.ilsos.gov and www.cyberdriveillinois.com — returned HTTP 403 with the page title “Access Denied” when tested on 8 October 2026, from two separate network locations; the response bodies differ in length only because each echoes the URL requested, so the identical page title rather than the body is what shows them to be the same block. No statement is made here about what the Illinois register does or does not publish, in either direction, because a blocked host supports neither. Kellanova’s register of incorporation is Delaware, and no officer information for Kellanova was located in any corporate register.

Sources

• Kellanova, Current Report on Form 8-K, Item 5.02 (departure and appointment of directors and officers) — https://www.sec.gov/Archives/edgar/data/55067/000119312525315130/d90636d8k.htm — filed 11 December 2025, retrieved 8 October 2026
• Kellanova, Form 15 (15-12G), signed by the Secretary — https://www.sec.gov/Archives/edgar/data/55067/000119312525327851/d73797d1512g.htm — filed 22 December 2025, retrieved 8 October 2026
• Illinois Secretary of State, business services (access test, no data obtained) — https://www.ilsos.gov/departments/business_services/home.html — tested 8 October 2026, HTTP 403

Group structure of Kellanova

Kellanova is part of a verified corporate group, and has been since 11 December 2025. On that date a merger completed under an Agreement and Plan of Merger dated 13 August 2024, and Kellanova became a wholly owned subsidiary of Acquiror 10VB8, LLC, a Delaware limited liability company. Mars, Incorporated, a Delaware corporation, was a party to that merger agreement as “Parent”, solely for the limited purposes specified in it, and issued the press release announcing completion. Kellanova’s own Form 8-K reporting the closing records, separately, that Kellanova joined as a subsidiary guarantor under guarantee agreements made among “the Subsidiaries of the Parent party thereto” in respect of Mars, Incorporated’s own revolving and term credit facilities and its private placement notes. Kellanova is therefore an indirect subsidiary of Mars, Incorporated on the evidence of its own filings, with Acquiror 10VB8, LLC as the immediate holder. No ownership percentage is published for the Acquiror’s holding beyond the statement that the holding is whole, and no intermediate entities between Acquiror 10VB8, LLC and Mars, Incorporated are identified in any filing read for this profile.

Downwards, Kellanova filed a subsidiary list as Exhibit 21.01 to its annual report on Form 10-K for the year ended 28 December 2024, its last full year as a reporting company. That exhibit, headed “KELLANOVA SUBSIDIARIES (COMMON STOCK OWNERSHIP)”, names 196 entities with a jurisdiction for each: Delaware 47, the United Kingdom 23, Mexico and Luxembourg 9 each, Ireland 8, Australia 7, and Egypt, Nigeria and Singapore 6 each, with the remainder spread across some thirty further jurisdictions. It carries no ownership percentages, and a footnote marks non-wholly owned entries, so the exhibit distinguishes wholly from partly owned subsidiaries without quantifying either.

Verified corporate relationships

Recent structural changes

• 11 December 2025 — change of parent. Merger Sub 10VB8, LLC merged into Kellanova, Kellanova surviving as a wholly owned subsidiary of Acquiror 10VB8, LLC. Each share of common stock not already held by Kellanova, Mars or their subsidiaries, and not subject to perfected appraisal rights under Delaware law, was cancelled and converted into the right to receive $83.50 in cash.
• 2 October 2023 — disposal by distribution. Kellanova completed the separation of its North America cereal business into an independent company, WK Kellogg Co. Holders of record on 21 September 2023 received one WK Kellogg Co share for every four Kellanova shares, and WK Kellogg Co is reported as a discontinued operation in Kellanova’s 2022 and 2023 figures.

What the corporate-structure diagram on this page shows

The structure diagram and the entity list above this block are drawn from a provider-supplied tree, and that tree is not Kellanova’s. It is a 694-node copy of a Mars group tree, and its root is badged “Mars Associates, LLC”. That is a different company from Mars, Incorporated. The Virginia State Corporation Commission’s limited liability company extract records entity S1734591, Mars Associates, LLC, as INACTIVE with status reason “Voluntarily Canceled – Can Reinstate”, organised 15 December 2005, with a principal office in Bridgewater, New Jersey. Mars, Incorporated appears in the same source as a separate record, F0224586, “Mars, Incorporated (HQ)”, ACTIVE and “Active and In Good Standing”, state of incorporation DE, principal office McLean, Virginia, registered agent C T Corporation System. The diagram therefore roots a real group on a cancelled Virginia LLC.

The tree’s immediate spine around Kellanova is nonetheless right: the node above Kellanova is “Acquiror 10vb8, LLC”, which is the actual acquirer named in the merger agreement. The errors are above it and below it. Twenty-five other pages on this site carry the same Mars tree in an earlier generation; across three node counts (667, 697 and 698) those twenty-five copies agree with one another on the name bound to every single shared identifier, with no exceptions. Comparing this page’s copy against one of them gives 400 shared identifiers of which 113 carry a different name. About 103 of those are harmless — differences of capitalisation, diacritics, word order, legal-form suffix or translation, such as “Anicura Koge Dyrehospital ApS” against “AniCura Køge Dyrehospital ApS”. About ten bind an identifier to a company with no connection to this group at all, and every one of the ten is a United States state registration number. The clearest example sits directly among the entities this page shows beneath Kellanova: the number US NC 0869104 is labelled “Carolina Adjustment Services, Inc.” here, where all twenty-five other copies give Austin Quality Foods, Inc. — and Austin Quality Foods, Inc. is a name that appears in Kellanova’s own filed Exhibit 21.01, while “Carolina Adjustment Services, Inc.” appears nowhere in it. Others of the ten include US CA 4327265 (Mars Food Us, LLC here renamed COVINA SUBS INC), US CA 2264199 (Pets’ Rx, Inc. renamed GLOMACK YOUTH MINISTRIES), US OH 2333927 (Mars Horsecare Us, Inc. renamed CANOPY TREE CARE, LLC) and US VA S4885051 (Matre, Inc. renamed Alberto Mora, LLC).

Of the 85 entities this page lists beneath Kellanova, 67 match a name in Exhibit 21.01 to the 2024 Form 10-K once legal-form words are set aside. Of the remaining 18, most are former Kellogg businesses that the exhibit no longer lists — Bear Naked, Little Brownie Bakers, Famous Amos, President Baking Company, Austin Quality Sales Company — which is a relationship that has ended being carried as current, not an invented entity. That is a different and much milder defect than the rebinding described above, and the two should not be read together. Exhibit 21.01 is a list as at 28 December 2024, so absence from it bounds a relationship rather than refuting it.

Data availability

Partial. The parent side is well evidenced and dated from Kellanova’s own filings with the United States Securities and Exchange Commission, and the subsidiary side is available only as at 28 December 2024, because Kellanova ceased to be a reporting company and will file no further Exhibit 21. No ownership percentage is published for any relationship in either direction. Delaware, the state in which Kellanova, Acquiror 10VB8, LLC, Merger Sub 10VB8, LLC and Mars, Incorporated are all incorporated, does not publish corporate-linkage information, and no United States state register records parent or subsidiary relationships for a corporation, so the register named in the information card above cannot corroborate any part of this structure. The Global Legal Entity Identifier Foundation publishes no parent relationship for Kellanova: against both the direct and the ultimate accounting-consolidation parent it records a reporting exception with reason NON_CONSOLIDATING, last updated 7 April 2026, which is consistent with a parent that does not prepare consolidated financial statements but does not itself name any parent. Checked for a control: the relationship endpoints return HTTP 404 while both reporting-exception endpoints return HTTP 200 with content, so the absence is a real published exception and not a failed request.

Sources

• Kellanova, Current Report on Form 8-K (merger completion; Introductory Note and Items 1.01, 2.01, 3.01, 5.01, 5.03, 8.01 and 9.01) — https://www.sec.gov/Archives/edgar/data/55067/000119312525315130/d90636d8k.htm — filed 11 December 2025, retrieved 8 October 2026
• Kellanova, Annual Report on Form 10-K for the fiscal year ended 28 December 2024 — https://www.sec.gov/Archives/edgar/data/55067/000162828025007118/k-20241228.htm — filed 21 February 2025, retrieved 8 October 2026
• Kellanova, Exhibit 21.01 to the Form 10-K for the fiscal year ended 28 December 2024, “Kellanova Subsidiaries (Common Stock Ownership)” — https://www.sec.gov/Archives/edgar/data/55067/000162828025007118/k-2024q4exx2101.htm — filed 21 February 2025, retrieved 8 October 2026
• Virginia State Corporation Commission, limited liability company extract published by the Commonwealth of Virginia open-data portal (record S1734591, Mars Associates, LLC) — https://data.virginia.gov/dataset/llc-limited-liability-company — retrieved 8 October 2026
• Virginia State Corporation Commission, corporation extract published by the Commonwealth of Virginia open-data portal (record F0224586, Mars, Incorporated (HQ)) — https://data.virginia.gov/dataset/corporation — retrieved 8 October 2026
• Global Legal Entity Identifier Foundation, LEI record LONOZNOJYIBXOHXWDB86 and its direct-parent and ultimate-parent reporting exceptions — https://api.gleif.org/api/v1/lei-records/LONOZNOJYIBXOHXWDB86 — golden copy published 8 October 2026, retrieved 8 October 2026