other material
confidence high
sentiment neutral
materiality 0.20
Smithfield Foods amends 8-K to correct 2024 executive compensation figures
SMITHFIELD FOODS INC
- CEO Shane Smith total 2024 compensation corrected to $14,902,423 (salary $1.5M, bonus $3M).
- CFO Mark Hall total $7,893,730; President Packaged Meats France total $9,833,661.
- Correction affects 'Change in Pension Value' and 'All Other Compensation' columns from prior 8-K.
- Bonuses subject to clawback: 50% repayment if resignation within 1 year, 25% within 2 years.
- All Other Compensation includes personal use of aircraft ($15,073 for CEO), 401(k) contributions, and auto allowances.