Karat Packaging Inc. (KRT)

27.31 +0.25 (+0.92%) At close: 04:00PM EDT

Karat Packaging Inc.

6185 Kimball Avenue
Chino, CA 91708
United States
626 965 8882
https://www.karatpackaging.com

Sector(s): Consumer Cyclical
Industry: Packaging & Containers
Full Time Employees: 778

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Alan Yu	Chairman & CEO	270k	N/A	1970
Ms. Jian Guo	CFO & Director	350k	N/A	1979
Daniel Quire	Chief Revenue Officer	N/A	N/A	N/A
Mr. Marvin Cheng	VP of Manufacturing & Secretary	240k	N/A	1969

Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Karat Packaging Inc., together with its subsidiaries, engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand. The company also provides new product development, design, printing, and logistics services. It offers its products to national and regional distributors, restaurant chains, retail establishments, and online customers. The company was founded in 2000 and is based in Chino, California.

Corporate Governance

Karat Packaging Inc.’s ISS Governance QualityScore as of April 1, 2024 is 8. The pillar scores are Audit: 10; Board: 7; Shareholder Rights: 6; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.