secwatch.observer — SEC 8-K summary
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Issuer:     PILGRIMS PRIDE CORP (PPC)
CIK:        0000802481
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0000802481-24-000002
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pilgrim's Pride appoints Wesley and Joesley Batista to Board; two directors resign
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- Wesley Mendonça Batista Filho and Joanita Karoleski resigned from Board effective Feb 8, 2024, with no disagreement.
- Wesley Mendonça Batista and Joesley Mendonça Batista appointed to fill vacancies; they are co-controlling shareholders of J&F.
- JBS, controlled by the new directors, owns ~83% of Pilgrim's Pride common stock; J&F and JBS Participações own ~48.83% of JBS.
- Both new directors bring over 35 years' experience in protein industry; they will not serve on committees or receive compensation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802481/000080248124000002/0000802481-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802481/000080248124000002/ppc-20240209.htm
  HTML page:      https://secwatch.observer/filing/0000802481-24-000002

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