<SEC-DOCUMENT>0000950123-11-044581.txt : 20110504
<SEC-HEADER>0000950123-11-044581.hdr.sgml : 20110504
<ACCEPTANCE-DATETIME>20110504152921
ACCESSION NUMBER:		0000950123-11-044581
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110428
ITEM INFORMATION:		Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110504
DATE AS OF CHANGE:		20110504

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SANFILIPPO JOHN B & SON INC
		CENTRAL INDEX KEY:			0000880117
		STANDARD INDUSTRIAL CLASSIFICATION:	SUGAR & CONFECTIONERY PRODUCTS [2060]
		IRS NUMBER:				362419677
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0628

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19681
		FILM NUMBER:		11810087

	BUSINESS ADDRESS:	
		STREET 1:		1703 N. RANDALL ROAD
		CITY:			ELGIN
		STATE:			IL
		ZIP:			60123-7820
		BUSINESS PHONE:		847-289-1800

	MAIL ADDRESS:	
		STREET 1:		1703 N. RANDALL ROAD
		CITY:			ELGIN
		STATE:			IL
		ZIP:			60123-7820
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c64494e8vk.htm
<DESCRIPTION>FORM 8-K
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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>Date of Report</B></U> <B>(Date of Earliest Event Reported): </B><U><B>May&nbsp;4, 2011</B></U><B> (April&nbsp;28, 2011)
</B>
</DIV>
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<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>JOHN B. SANFILIPPO &#038; SON, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="31%">&nbsp;</TD>
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<TR></TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>0-19681</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>36-2419677</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification Number)</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>1703 North Randall Road, Elgin, Illinois 60123-7820</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">(Address of Principal Executive Offices) (Zip Code)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s Telephone Number, including Area Code: <U><B>(847)&nbsp;289-1800</B></U></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (<I>see </I>General Instruction
A.2):
</DIV>


<DIV style="margin-top: 6pt">
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    <TD width="1%">&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">John B. Sanfilippo &#038; Son, Inc. (the &#147;<U>Registrant</U>&#148; or &#147;<U>Company</U>&#148;) submits the
following information:
</DIV>

<!-- link1 "ITEM 5.05 Amendments to the Registrant&#146;s Code of Ethics, or Wavier of a Provision of the Code of Ethics" -->
<DIV align="left"><A NAME="C64494000"></A></DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>ITEM 5.05 </B><U>Amendments to the Registrant&#146;s Code of Ethics, or Wavier of a Provision of the Code
of Ethics</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April&nbsp;28, 2011, the Board of Directors of the Company approved and adopted an amendment to
our Code of Conduct (as amended, the &#147;<U>Code</U>&#148;). The Code was amended to expressly include
responsibilities associated with financial reporting obligations. The approval and adoption of the
amendment did not result in any waiver, explicit or implicit, of any provision of the Code. The
Code does not replace, but is in addition to, the Company&#146;s separate Code of Ethics.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The foregoing summary of the amendment is subject to, and qualified in its entirety by,
reference to the full text of the Code (a fully amended and restated copy of which is attached
hereto as Exhibit&nbsp;14.1 and incorporated herein by reference). The Code has been posted on the
&#147;Investor Relations&#148; section of our website at www.jbssinc.com.
</DIV>
<!-- link1 "ITEM 9.01 Financial Statements and Exhibits" -->
<DIV align="left"><A NAME="C64494001"></A></DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>ITEM 9.01 </B><U>Financial Statements and Exhibits</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Exhibits
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The exhibit furnished herewith is listed in the Exhibit&nbsp;Index which follows the signature page
of this Current Report on Form 8-K.
</DIV>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>
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    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR></TR>
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    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>JOHN B. SANFILIPPO &#038; SON, INC.</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">(Registrant)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: May&nbsp;4, 2011</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Michael J. Valentine
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Michael J. Valentine</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Chief Financial Officer and Group President</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

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<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">14.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Code of Conduct (as amended and restated in full)</TD>
</TR>
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<TYPE>EX-14.1
<SEQUENCE>2
<FILENAME>c64494exv14w1.htm
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit
14.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><FONT style="font-size:14pt"><B>JOHN B. SANFILIPPO &#038; SON, INC.</B></FONT>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>CODE OF CONDUCT</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>PURPOSE OF THE CODE:</B><br>
Our Code of Conduct (the &#147;Code&#148;) is a tool to assist all employees, executive officers and members
of the Board of Directors (collectively &#147;Associates&#148;) of John B. Sanfilippo &#038; Son, Inc. (&#147;JBSS&#148; or
the &#147;Company&#148;) to successfully meet the Company&#146;s high ethical standards &#151; and their own. This
Code is applicable to all JBSS Associates. The Code sets forth the standards of conduct that all
JBSS Associates must follow when conducting business. The Code goes well beyond legal minimums by
describing the high ethical values we share as JBSS Associates. The Code is not intended to be a
contract or a comprehensive manual that covers every situation that may occur. It is a guide that
highlights key issues and identifies policies, practices, and resources to help JBSS Associates
reach decisions that will make JBSS a stronger and more ethical organization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Code is also intended to create and maintain an atmosphere and culture of honesty, integrity
and high ethical and legal standards in all of our business dealings. Furthermore, all Associates
should endeavor to conduct business with only those other parties who conduct business in
accordance with the spirit of the ethical standards set forth in this Code.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>COMPLIANCE WITH LAWS AND REGULATIONS:</B><br>
JBSS conducts business in accordance with all laws and regulations. Associates must follow
applicable laws, rules and regulations at all times. Mere compliance with the law does not
encompass our entire ethical responsibility; rather it defines the minimum essential performance of
our responsibilities. Our commitment is much deeper and more encompassing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>CONFLICTS OF INTEREST:</B><br>
A conflict of interest may arise when you are influenced by considerations of gain or benefit to
you, your relatives, or any other acquaintances with whom you are familiar, which may conflict with
your obligation to serve JBSS&#146;s best interest. A conflict of interest is generally any activity
that is, or appears to be, opposed to the best business interests of JBSS. Conflicts of interest
include but are not limited to the following examples:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>&#149;</B> Having a material financial interest in any other business entity where that interest might
conflict with JBSS&#146;s business interests.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>&#149;</B> Accepting valuable personal gifts of equipment, money, discounts, entertainment or favored
treatment from any actual or potential JBSS customers, competitors, or vendors. You must not take
or authorize or encourage the taking of bribes or kickbacks from contractors, consultants, vendors,
suppliers, competitors or customers. Similarly, you and your family members may not give valuable
gifts or money to any such persons if the gifts are or even appear to be in exchange for a business
favor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All Associates must be aware of potential conflicts of interest and situations that might appear to
be a conflict of interest and avoid any conflicts at all times. If there is any question in your
mind, it is imperative that you consult with our Human Resources Department.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>FRAUD AND THEFT:</B><br>
Since the stock of JBSS is publicly traded, it is every Associate&#146;s duty to ensure that the
financial information and non-financial information that it provides to the investing public is
accurate and timely. You must not engage in a fraudulent activity that would be inconsistent with
this financial disclosure requirement. Moreover, Associates have a duty to report any such
fraudulent activity that he or she is aware of in a timely manner. JBSS has implemented a system
whereby an employee with such knowledge of fraud can communicate this information anonymously and
directly to the Audit Committee of the Board of Directors of JBSS. Information regarding the access
to this anonymous reporting system can be found on our website at www.jbssinc.com or our Human
Resources Department.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Theft of goods and services from JBSS or any other party associated with JBSS, such as vendors and
customers, and fraudulent and deceptive business dealings are strictly prohibited.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>APPROPRIATE USE OF ELECTRONIC AND OTHER COMPANY RESOURCES:</B><br>
All electronic and other resources of the Company are intended for the purpose of carrying out the
business objectives of the Company. These resources include, but are not limited to, office
equipment, telephone, mail services, vehicles, computers, supplies, inventories, employees, tools,
intellectual property, any other assets and software.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">You are required to use these resources in a responsible, legal and ethical manner. Incidental or
occasional personal use of these resources is permitted as long as supervisory approval has been
secured, such personal use does not interfere with the conduct of JBSS&#146;s business and such use does
not violate the spirit of this Code. Misapplication or waste of such resources is not permitted.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In carrying out your duties, the use of personal software or any other personal item is not
permitted unless it has been specifically authorized. Furthermore, you may not use software in a
manner that is inconsistent with the terms of the software&#146;s license. JBSS specifically reserves
the right to permit management to review the use of any electronic communications contained in the
Company&#146;s electronic resources, including but not limited to, computers provided by the Company.
Accessing or transmitting offensive or crude materials while using the Company&#146;s electronic
resources is not permitted. Questions or concerns pertaining to use of electronic resources
including any suspected violations or questionable conduct, should be directed to the Human
Resources Department.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>DRUG AND ALCOHOL FREE WORKPLACE:<br></B>
JBSS is committed to maintaining a work environment free from the adverse impact of employee drug
and alcohol abuse. While you are conducting Company business, and you are on Company property or
operating Company equipment or vehicles, you are prohibited from distributing, using, possessing or
being under the influence of: (i)&nbsp;medications that could affect your ability to safely perform your
duties; (ii)&nbsp;alcohol; or (iii)&nbsp;any illegal drugs. Procedures have been established to maintain a
fair and consistent system for dealing with any employee who is suspected of violating the JBSS
Drug &#038; Alcohol Policy. The implementation of these procedures will protect the privacy and rights
of Associates while ensuring that all Associates follow the guidelines of the JBSS Drug and Alcohol
Policy.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SAFE WORKING CONDITIONS:</B><br>
JBSS is firmly committed to ensuring the health, safety and welfare of its Associates. Each
employee plays a critical role in ensuring the quality and safety of working conditions in each
JBSS facility. In this regard, all aspects of our operations shall be conducted in strict
compliance with all applicable health and safety laws and regulations, JBSS policies, and best
practices pertaining to workplace safety.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All Associates are expected to adopt a proactive and cooperative attitude towards the health and
safety of all JBSS Associates, customers, suppliers, and others working at or visiting Company
property.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>DISCRIMINATION:</B><br>
JBSS is an equal opportunity employer and recognizes and encourages the uniqueness of individual
contribution within its team environment. In all aspects of employment including recruitment,
compensation and benefits, training, promotion, transfer, and termination, all Associates are
expected to treat individuals solely on the basis of their abilities to meet job requirements.
Associates should do so without regard to factors such as race, religion, color, ethnic or national
origin, age disability, gender, sexual orientation, marital status or any other factor prohibited
by law. The Company will make reasonable job-related accommodations for any qualified employee with
a disability when notified by the employee that an accommodation is needed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>HARASSMENT:</B><br>
JBSS is committed to providing Associates with a workplace that is free from harassment based upon
race, religion, color, ethnic or national origin, age, disability, gender, sexual orientation,
marital status or any other factor
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">prohibited by law. Apart from being unlawful, harassment is extremely disruptive and contrary to
the Company&#146;s best interests.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>GIFTS AND IMPROPER PAYMENTS:</B><br>
Significant gifts of goods, services or other favors must not be solicited, offered, accepted or
made. Small tokens and reasonable hospitality may be accepted provided they do not place you under
any obligation and will not be misconstrued. Any gift or offer of hospitality of more than a token
value must be reported to your supervising manager to determine if it may be accepted. You and your
family must not accept anything that could damage JBSS&#146;s reputation. Payments of money in any
amount must never be paid or received unless it is lawful, ethical and in the ordinary course of
business. Bribes and kickbacks must never be paid or received.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This does not prevent Associates from receiving or giving reasonable business-related products,
marketing materials, or entertainment if done in the ordinary course of business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>CONFIDENTIALITY:</B><br>
Associates may have access to confidential and proprietary information during the course of
employment at JBSS. Confidential Information must never be shared with others outside JBSS without
approval from a Senior Officer and the execution of a confidentiality agreement, and such
information may never be disclosed for personal gain. Confidential Information is information or
materials of a secret or proprietary nature that is related to the business of JBSS, which includes
but is not limited to the following: trade secrets, formulas, processes, business plans/outlooks,
sales/marketing programs, customer lists, pricing, brand formulations, significant legal action or
strategy, new products, price changes, acquisitions, mergers, divestiture of brands, non-public
financial information, designs, formulas, recipes, process know-how and/or changes in senior
management. Information that you obtain while employed at JBSS regarding the career or personal
information of other Associates is to be held strictly in confidence.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This obligation of confidentiality applies to Associates even after they leave JBSS as long as the
information remains confidential and is not generally available to the public. The disclosure of
Confidential Information can be harmful to JBSS and could be the basis for legal action against the
Company and/or the employee responsible for the disclosure. JBSS also respects the rights of others
regarding their confidential information. You must not accept, solicit or divulge confidential
information from or about any third party including customers without the prior authorization of a
Senior Officer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>RETENTION OF RECORDS:</B><br>
Various laws, regulations and rules require JBSS to retain many records, particularly its
financial, tax, personnel, health and safety, environmental, contract and corporate records for
various periods of time. Similarly, records relating to a pending litigation, audit or government
investigation may not be destroyed until the matter is closed. Furthermore, JBSS has internal
document and record retention and destruction policies and procedures.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Destruction of records to avoid disclosure in a legal proceeding or investigation may constitute a
criminal offense. You must strictly adhere to JBSS&#146;s document retention and destruction policies
and procedures in addition to the relevant laws pertaining to this matter. If you are unsure as to
whether or not a document should be retained or destroyed, consult with the Chief Financial Officer
before proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>RESPONSIBILITY TO CUSTOMERS AND CONSUMERS:</B><br>
To maintain JBSS&#146;s valuable reputation, compliance with our quality processes and requirements is
essential. We will not damage our good name and ship products or deliver services that fail to meet
JBSS&#146;s high standards or any other legal standards pertaining to food products.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We will build long-term relationships with our customers by demonstrating honesty and integrity.
All marketing, advertising and labeling will be accurate and truthful. Deliberately misleading
messages, omissions of important facts, or false or unsubstantiated claims about competitors&#146;
offerings or products are prohibited.
</DIV>






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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>INSIDER TRADING:</B><br>
JBSS has a written policy and procedure to detect and prevent insider trading with regard to JBSS
Securities. Simply stated, it is a violation of federal securities laws to, among other things,
trade JBSS&#146;s stock while in possession of material non-public inside information, either directly
or indirectly by communication of such information to others so they may trade on it. One form of
non-public information that must be handled with particular care is information that, if publicly
known, could reasonably be expected either to affect the price of a company&#146;s stock or be material
to an investor in making an investment decision. A violation may occur without a monetary gain.
Violation of these laws can result in serious criminal penalties. Please consult JBSS&#146;s insider
trading policy for additional information and other restrictions relating to the treatment of
non-public inside information.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>RELATED PERSON TRANSACTIONS:</B><br>
JBSS may have and does have purchasing relationships with businesses that are considered Related
Persons under the applicable securities laws. In order to ensure that Related Person transactions
are appropriate, JBSS Associates who intend on conducting business with a Related Person, are
required to obtain approval from the Audit Committee prior to conducting any such business. JBSS
has a written policy for the approval of Related Person transactions, which can be obtained from
the accounting department.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>RELATIONSHIPS WITH COMPETITORS:</B><br>
JBSS is committed to conducting business in a lawful manner in a free enterprise market system.
Consequently, when conducting Permitted Business with Competitors, you must not enter into
agreements or arrangements with competitors to: (i)&nbsp;fix sales or purchase prices or other terms;
(ii)&nbsp;divide or assign sales or purchasing territories; (iii)&nbsp;divide or assign customers or
suppliers; or (iv)&nbsp;coordinate or rig bids or auctions. &#147;Permitted Business with Competitors&#148; shall
be defined as: (i)&nbsp;purchasing from or selling to competitors in the ordinary course of the
Company&#146;s business; (ii)&nbsp;working with competitors in trade association activities or in activities
that promote the interests of the industry in which the Company operates as a whole (e.g.,
lobbying); or (iii)&nbsp;exchanging credit information pertaining to existing or potential customers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>COMMUNICATION:<br></B>
If you know or have genuine suspicions of any legal violation in work-related issues or breaches of
this Code that are not related to an accounting and financial disclosure matter (see Fraud and
Theft section), you must report it to the Human Resources Department or to a Senior Officer, so
that it can be investigated and appropriate actions can be taken.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If a concern is in relation to a legal violation or breach of this Code in which you believe that
an employee in the Human Resources Department could be implicated, you should communicate this
information to the Chief Financial Officer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Company policy prohibits the retaliation against any employee who brings a complaint in good faith
and where it is reasonable to believe that a violation of this Code has occurred, even if there is
an ultimate finding that no such violation has in fact occurred or that there is insufficient
conclusive evidence to make such a finding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>FINANCIAL REPORTING:<br></B>
Associates are responsible to ensure that JBSS complies with external financial reporting
obligations that are defined in Generally Accepted Accounting Principles and relevant federal and
state laws, regulations and rules (&#147;Financial Reporting Standards&#148;). These Financial Reporting
Standards require, among other things, that JBSS record transactions in a manner that is complete,
accurate and timely. When a transaction occurs in which you are involved, you must ensure that it
is recorded in our ERP system promptly. For those transactions that cannot be recorded in our ERP
system or cannot be recorded in our ERP system in a timely manner, you must communicate the details
of the transaction directly to the Finance Department even if amounts must be estimated. It is
important for you to recognize that transactions must be recorded when they occur &#151; not when
documentation pertaining to the transaction is received or when issues are resolved.
</DIV>






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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>WAIVERS AND PERMISSION:<br></B>
Any waiver of a provision of this Code for any JBSS executive officer or member of the Board of
Directors of JBSS must be approved by the Board of Directors. Any such waivers granted, along with
the reasons for the waivers, will be publicly disclosed by appropriate means. Complying with this
Code by obtaining permission where required will not be deemed to be a waiver of any provision of
this Code for purposes of this paragraph.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>ENFORCEMENT:<br></B>
All Associates have the personal responsibility to understand and follow the principles set forth
in this Code. Behavior that violates the ethical principles set forth in this Code will be subject
to possible disciplinary action including, where appropriate, termination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>CODE NOT A CONTRACT OF EMPLOYMENT:<br></B>
This Code is not a contract of employment nor is it meant to limit the Company&#146;s rights to
discipline or terminate employees for any acts or omissions, including those not set forth as part
of this Code. Neither does this Code change the status of any at-will employee. The Company retains
all of its rights in connection with the discipline and/or termination of Associates. This Code is
in addition to any employment contract that an Associate may have with the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SUMMARY:<br></B>
This Code is designed to be an aid to JBSS Associates to successfully navigate through a
competitive business environment in an ethical and legal manner. As we grow as an organization,
adhering to a Code will help ensure the future of JBSS and the many families of our Associates. It
is critical that all Associates from executives to new hires consider their actions on a daily
basis and perform appropriately. With any ethics issue it is important to remember that, if there
is any doubt regarding the course of action you should take, consult with the Human Resources
Department or a Senior Officer. It is every employee&#146;s responsibility to create and maintain a
culture and atmosphere of honesty, fair business dealings and high legal and ethical standards at
JBSS.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Amended, Approved and Adopted by the Board of Directors of JBSS on April&nbsp;28, 2011.</B>
</DIV>



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