PILGRIMS PRIDE CORP0000802481false00008024812020-04-302020-04-30

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, 2020
PILGRIM'S PRIDE CORPORATION
(Exact Name of registrant as specified in its charter)
Delaware 1-9273 75-1285071
(State or other jurisdiction of
incorporation or organization)
(Commission File Number) (IRS Employer Identification No.)
1770 Promontory Circle 80634-9038
Greeley CO (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (970) 506-8000
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol Name of Exchange on Which Registered
Common Stock, Par Value $0.01 PPC The Nasdaq Stock Market LLC
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))
        Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 Emerging growth company
        If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 5.07 Submission of Matters to a Vote of Security Holders.
On April 29, 2020, 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 three Equity Directors to the Board of Directors.
3.A stockholder advisory vote on executive compensation.
4.The ratification of the appointment of KPMG LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 27, 2020.
5.A vote on a stockholder proposal to provide a report regarding the reduction of water pollution.
6.A vote on a stockholder proposal to provide a report on human rights due diligence.
7.A vote on a stockholder proposal to provide for majority voting in director elections.
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
Gilberto Tomazoni 213,184,640 24,751,374 5,349,292
Denilson Molina 213,930,113 24,005,901 5,349,292
Wallim Cruz De Vasconcellos Junior 236,970,277 965,737 5,349,292
Vincent Trius 234,824,829 3,111,185 5,349,292
Andre Nogueira de Souza 213,316,156 24,619,858 5,349,292
Farha Aslam 237,592,776 343,238 5,349,292
Michael L. Cooper 235,441,701 2,494,163 5,349,292
Charles Macaluso 235,162,078 2,773,786 5,349,292
Arquimedes A. Celis 237,498,952 436,912 5,349,292
Say on Pay Results
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
211,631,225 26,233,345 71,444 5,349,292
Ratification of KPMG LLP as the Company’s Independent Registered Public Accounting Firm Results
The appointment of KPMG LLP to serve as the independent registered public accounting firm of the Company for the fiscal year ending December 27, 2020 was ratified at the Annual Meeting. The votes were cast as follows:
For Against Abstain Broker Non-Votes
242,529,776 689,233 66,297 0

Stockholder Proposal to Provide a Report Regarding the Reduction of Water Pollution
The stockholders voted against the Board of Directors providing a report regarding the reduction of water pollution.
For Against Abstain Broker Non-Votes
36,068,235 201,062,840 804,939 5,349,292
Stockholder Proposal to Provide a Report on Human Rights Due Diligence
The stockholders voted against the Board of Directors providing a report on human rights due diligence.
For Against Abstain Broker Non-Votes
30,428,515 206,682,176 825,323 5,349,292
Stockholder Proposal to Provide for Majority Voting in Director Elections
The stockholders voted against the Board of Directors providing for majority voting in director elections.
For Against Abstain Broker Non-Votes
41,409,601 196,469,872 56,541 5,349,292




SIGNATURE  
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: April 30, 2020 /s/ Fabio Sandri
  Fabio Sandri
  Chief Financial Officer

Pilgrims Pride (NASDAQ:PPC)
Historical Stock Chart
From Sep 2020 to Oct 2020 Click Here for more Pilgrims Pride Charts.
Pilgrims Pride (NASDAQ:PPC)
Historical Stock Chart
From Oct 2019 to Oct 2020 Click Here for more Pilgrims Pride Charts.