J.M. Smucker has agreed to add new directors to its board following pressure from activist investor Elliott Management. The jam-and-jelly maker announced the board changes alongside its third-quarter financial results. The company reported higher sales for the quarter despite facing operational challenges.

Sales growth came as Smucker navigated disruptions from a recent fire at one of its manufacturing facilities. The incident forced the company to lower its full-year sales-growth forecast, though specific figures weren't disclosed in the brief report. The manufacturing setback appears to have influenced both the activist campaign and the company's financial outlook.

The board expansion represents a compromise between Smucker and Elliott, which had been pushing for changes to improve shareholder returns. Adding directors typically gives activists more influence over corporate strategy and capital allocation decisions.