Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): April 29, 2011

 

 

PILGRIM’S PRIDE CORPORATION

(Exact Name of registrant as specified in its charter)

 

 

 

Delaware   1-9273   75-1285071

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

1770 Promontory Circle

Greeley, CO

  80634-9038
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (970) 506-8000

Not Applicable

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 5.07 Submission of Matters to a Vote of Security Holders.

On April 29, 2011, Pilgrim’s Pride Corporation (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”). The following proposals were submitted to a vote of the stockholders of the Company at the Annual Meeting:

1. The election of six JBS Directors to the Board of Directors.

2. The election of two Equity Directors and the Founder Director to the Board of Directors.

3. A stockholder advisory vote on executive compensation.

4. A stockholder advisory vote on the frequency of advisory voting to approve executive compensation.

5. The ratification of the appointment of Ernst & Young LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 25, 2011.

Board of Director Election Results

The stockholders of the Company elected all of the Company’s nine nominees for director at the Annual Meeting pursuant to the following votes:

 

Name

   For      Withheld      Broker
Non-Votes
 

Wesley Mendonça Batista

     175,850,646         8,315,855         16,195,512   

Joesley Mendonça Batista

     176,020,763         8,145,738         16,195,512   

Don Jackson

     176,024,034         8,142,467         16,195,512   

William W. Lovette

     176,095,899         8,070,602         16,195,512   

Marcus Vinicius Pratini de Moraes

     183,488,776         677,725         16,195,512   

Wallim Cruz De Vasconcellos Junior

     183,325,778         840,723         16,195,512   

Lonnie “Bo” Pilgrim

     179,730,437         4,436,064         16,195,512   

Michael L. Cooper

     183,364,074         802,427         16,195,512   

Charles Macaluso

     183,510,087         656,414         16,195,512   

Stockholder Advisory Vote on Executive Compensation

The stockholders approved, on an advisory basis, the compensation paid to the Company’s named executive officers, as disclosed in the Company’s proxy statement for the Annual Meeting, including the compensation discussion and analysis, compensation tables and narrative discussion.

 

For    Against    Abstain    Broker Non-Votes
183,106,300    947,599    112,602    16,195,512

Stockholder Advisory Vote on the Frequency of Advisory Voting to Approve Executive Compensation

After consideration of the stockholders’ recommendation, the Company decided to hold an advisory vote on the compensation of the Company’s named executive officers every year until the next required vote on frequency of stockholder votes on named executive officer compensation.

 

2


1 Year    2 Years    3 Years    Abstain    Broker Non-Votes
180,333,397    80,152    3,680,626    72,326    16,195,512

Ratification of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm

The appointment of Ernst & Young LLP to serve as the independent registered public accounting firm of the Company for the fiscal year ending December 25, 2011 was ratified at the Annual Meeting. The votes were cast as follows:

 

For

   Against    Abstain
199,378,769    794,396    188,848

 

3


Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    PILGRIM’S PRIDE CORPORATION

Date: May 5, 2011

    By:  

/s/ Gary D. Tucker

      Gary D. Tucker
      Principal Financial Officer