secwatch.observer — SEC 8-K summary
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Issuer:     SMITHFIELD FOODS INC (SFD)
CIK:        0000091388
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0000091388-25-000005
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Smithfield Foods discloses 2024 executive bonuses; CEO Smith $3M bonus, total $15.3M
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- CEO C. Shane Smith received $3M discretionary bonus and $8.71M non-equity incentive, total $15.3M.
- CFO Mark Hall bonus $2.5M, non-equity $3.48M, total $7.97M in 2024.
- Bonuses paid in Q1 2025; clawback requires repayment of 50% if resignation/cause within 1 year, 25% within 2 years.
- Other NEOs: France $2.5M bonus, Watts $2M, Sutton $2M, with clawback provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91388/000009138825000005/0000091388-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91388/000009138825000005/sfd-20250303.htm
  HTML page:      https://secwatch.observer/filing/0000091388-25-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer