Pilgrim's Pride stockholders approve charter change; enters tax pact with JBS

PILGRIMS PRIDE CORP

Stockholders approved certificate amendment with 96% of outstanding shares voting for; effective Dec 30, 2024.
Tax Sharing Agreement with JBS USA (82.42% owner) governs allocation of US income tax liabilities and includes DRD benefit compensation.
Agreement references a $725M dividend from PPC between Dec 30, 2024 and Dec 30, 2026, with related tax benefits.
Amendment No. 2 to Stockholders Agreement aligns board size with amended certificate.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

PILGRIMS PRIDE CORP: Corresponding amendment to Amended and Restated Bylaws took effect on December 30, 2024 (effective 2024-12-30).

Change: bylaw amendment
Effective: 2024-12-30

Exact text from the filing

Concurrent with the effectiveness of the Certificate on December 30, 2024, a corresponding amendment to the Company’s Amended and Restated Bylaws took effect (as amended, the “Restated Bylaws”), a description of which is incorporated herein by reference from the Proxy Statement and is qualified in its entirety by reference to the full text of the Restated Bylaws attached as Exhibit 3.2 to this Current Report.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

PILGRIMS PRIDE CORP: Amendment to Amended and Restated Certificate of Incorporation approved by stockholders, effective December 30, 2024 (effective 2024-12-30).

Change: charter amendment
Effective: 2024-12-30

Exact text from the filing

As described above in the “ Explanatory Note” in this Current Report, at the Special Meeting, the stockholders of the Company approved the amendment to the Amended and Restated Certificate of Incorporation, effective as of December 30, 2024.

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8 governance changes filed in the last 30 days. Browse all governance changes →

PILGRIMS PRIDE CORP filing history →

Source: SEC EDGAR

accession 0000802481-24-000098

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