01—Abstract
Summary
Summary of the 8-K/A filed June 17, 2026. Cited figures are marked; the original filing is the authoritative source.
Tyson Foods, Inc. filed this Form 8-K/A to amend its June 8, 2026 Current Report (Item 5.02) with details about the departure of Devin Cole, who stepped down as Chief Operating Officer effective June 15, 2026, the same day Wes Morris took over as Chief Operating Officer.
Under a separation agreement entered into on June 16, 2026, in exchange for a release of claims, Mr. Cole will receive a lump sum cash payment of $10,578,900a (about $10.58 million). The lump sum payment is conditioned on Mr. Cole's release of claims and his reaffirmation of existing restrictive covenants and confidentiality obligations. Mr. Cole will forfeit all outstanding performance stock upon departure, while his existing time-based equity awards will be treated under the terms of the applicable award agreements.
The filing states that the separation agreement will be filed as an exhibit to the Company's Form 10-Q for the quarter ending June 27, 2026. The amendment makes no other changes to the original Current Report. Its only exhibit is the Cover Page Interactive Data File (Exhibit 104).
02—Key points
Key Highlights
- Devin Cole stepped down as Chief Operating Officer effective June 15, 2026; Wes Morris was appointed COO effective the same day.
- Separation agreement with Mr. Cole dated June 16, 2026, covering a release of claims against the Company.
- Mr. Cole will receive a lump sum cash payment of $10,578,900 (about $10.58 million), subject to his release of claims and reaffirmation of restrictive covenants and confidentiality obligations.
- Mr. Cole will forfeit all outstanding performance stock upon departure.
- Existing time-based equity awards held by Mr. Cole will be treated according to their applicable award agreements.
- The full separation agreement will be filed as an exhibit to the Form 10-Q for the quarter ending June 27, 2026.
- This Form 8-K/A amends only Item 5.02 of the June 8, 2026 Current Report; Exhibit 104 is the sole exhibit listed.
03—Questions
Frequently Asked Questions
Who is leaving Tyson Foods' leadership, and who is replacing them?
Devin Cole stepped down as Chief Operating Officer effective June 15, 2026, and Wes Morris was appointed Chief Operating Officer effective the same day, as previously disclosed in the June 8, 2026 Current Report.
How much will the departing COO receive under his separation agreement?
Mr. Cole will receive a lump sum cash payment of $10,578,900 under the separation agreement dated June 16, 2026, subject to his release of claims against the Company and his reaffirmation of existing restrictive covenants and confidentiality obligations.
What happens to Mr. Cole's equity awards?
Mr. Cole will forfeit all outstanding performance stock upon his departure. His existing time-based equity awards will be treated in accordance with the terms of the applicable award agreements.
Where can investors find the full terms of the separation agreement?
The filing states that the separation agreement will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ending June 27, 2026, and that the summary in this filing is qualified in its entirety by reference to that agreement.
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