---
schema_version: "secwatch.filing_event.v1"
accession: "0000802481-26-000059"
form_type: "8-K"
ticker: "PPC"
cik: "0000802481"
company_name: "PILGRIMS PRIDE CORP"
filed_at: "2026-08-28T21:23:01+00:00"
generated_at: "2026-08-28T21:24:10.559770+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Pilgrim's Pride settles derivative lawsuit; JBS to pay $31M to company

## Summary
- Settlement of shareholder derivative suit: JBS defendants pay $31M to Pilgrim's Pride, pending Delaware Court of Chancery approval.
- Settlement amount stems from raising Tax-Sharing-Agreement 'Dividend' definition from $725M to $1.17B, per mediator recommendation.
- JBS pays $250K initial deposit plus $30.75M to escrow controlled by Pilgrim's Pride; net proceeds go to Company, not stockholders directly.
- Settlement releases all claims against JBS and directors regarding Charter Amendment and Tax Sharing Agreement; parties admit no wrongdoing.

## SEC filing metadata
- accession: 0000802481-26-000059
- form_type: 8-K
- ticker: PPC
- cik: 0000802481
- company_name: PILGRIMS PRIDE CORP
- filed_at: 2026-08-28T21:23:01+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/802481/000080248126000059/0000802481-26-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802481/000080248126000059/ppc-20260828.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000802481-26-000059
- JSON: https://secwatch.observer/filing/0000802481-26-000059.json
- Plain text: https://secwatch.observer/filing/0000802481-26-000059.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.