01—Abstract
Summary
Summary of the 8-K filed February 12, 2024. Cited figures are marked; the original filing is the authoritative source.
Tyson Foods, Inc. filed this Current Report under Item 5.07 to disclose the results of matters voted on at its 2024 Annual Meeting of shareholders.
Shareholders elected all 14 director nominees, including John H. Tyson, Donnie King, and Noel White, to serve until the next annual meeting. They also ratified PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending September 28, 2024, with 935,431,529 votes for, 3,869,486 against, and 1,706,645 abstaining.
Shareholders did not approve any of the four shareholder proposals on the ballot. These asked the company to evaluate how its lobbying aligns with its science-based targets and net zero ambitions, to commission an independent third-party audit of its policies for preventing illegal child labor, to accelerate efforts to eliminate deforestation from its supply chains, and to issue a report on opportunities to support a circular economy for packaging. The deforestation proposal drew 30,020,128 votes for and 877,967,888 against, and the circular economy proposal drew 36,232,693 for and 874,717,839 against.
The filing states that the proposals are described in detail in the 2024 Proxy Statement. Director vote tallies varied, with David J. Bronczek receiving the most votes against (103,113,207) and Kate B.
Quinn the fewest (3,052,596). Each director received 28,595,761 broker non-votes.
02—Key points
Key Highlights
- All 14 director nominees were elected to serve until the company's next annual meeting of shareholders.
- PricewaterhouseCoopers LLP was ratified as independent auditor for the fiscal year ending September 28, 2024, with 935,431,529 votes for.
- All four shareholder proposals were not approved: lobbying alignment with science-based and net zero targets, third-party child labor audit, accelerated deforestation elimination, and a circular economy packaging report.
- The deforestation proposal received 30,020,128 votes for and 877,967,888 against, the lowest 'for' count among the shareholder proposals.
- The child labor audit proposal received 110,448,856 votes for and 800,776,590 against, the highest 'for' count among the shareholder proposals.
- Broker non-votes were 28,595,761 for each director election and each shareholder proposal.
- The filing references the 2024 Proxy Statement for detailed descriptions of the proposals.
03—Questions
Frequently Asked Questions
Who was elected to the Tyson Foods board at the 2024 Annual Meeting?
Shareholders elected John H. Tyson, Les R. Baledge, Mike Beebe, Maria Claudia Borras, David J. Bronczek, Mikel A. Durham, Donnie King, Jonathan D. Mariner, Kevin M. McNamara, Cheryl S. Miller, Kate B. Quinn, Jeffrey K. Schomburger, Barbara A. Tyson, and Noel White as directors. Each serves until the next annual meeting and until a successor is duly elected and qualified.
Which auditor did shareholders approve for the fiscal year ending September 28, 2024?
Shareholders ratified the appointment of PricewaterhouseCoopers LLP. The vote was 935,431,529 for, 3,869,486 against, and 1,706,645 abstaining.
Did shareholders support any of the shareholder proposals?
No. Shareholders did not approve any of the four shareholder proposals. The lobbying proposal received 92,898,893 votes for and 818,159,418 against. The child labor audit proposal received 110,448,856 for and 800,776,590 against. The deforestation proposal received 30,020,128 for and 877,967,888 against. The circular economy packaging proposal received 36,232,693 for and 874,717,839 against.
Which director received the most votes against his or her election?
David J. Bronczek received the most votes against, at 103,113,207, with 809,006,267 votes for and 292,425 abstaining. Kate B. Quinn received the fewest votes against, at 3,052,596, with 909,089,070 votes for.
04—Continue