PILGRIMS PRIDE CORPORATION (NASDAQ:PPC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 25, 2017, Joesley Mendonça Batista notified Pilgrim’s Pride Corporation (the “Company”) that he has resigned as a director of the Company effective immediately. On May 25, 2017, the JBS Nominating Committee approved the appointment of Tarek Farahat to replace Mr. Batista and to serve as a JBS Director of the Company until the next annual meeting of stockholders or until his successor has been duly elected or appointed, or until his earlier death, resignation or removal. Mr. Farahat is currently Global JBS’ Marketing President and Global President of the Marketing & Innovation Management Team for JBS worldwide. Mr. Farahat previously worked at Proctor & Gamble for over 26 years and served in various local, regional and global functions.

As of the date hereof, the Board of Directors of the Company (the “Board”) has not determined any committee appointments for Mr. Farahat. There are no arrangements or understandings between Mr. Farahat and any other persons to which he was appointed as a director of the Company. There are no family relationships between Mr. Farahat and any director, executive officer or any person nominated or chosen by the Company to become a director or executive officer. There are no related person transactions (within the meaning of Item 404(a) of Regulation S-K) between Mr. Farahat and the Company. Mr. Farahat will not receive any compensation solely for service as a director.

About PILGRIM’S PRIDE CORPORATION (NASDAQ:PPC)

Pilgrim’s Pride Corporation is a retail feed store. It is a producer and seller of chicken with operations in the United States, Mexico and Puerto Rico. It is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators. It offers a range of products to its customers through national and international distribution channels. Its fresh chicken products consist of refrigerated (non-frozen) whole chickens, whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. Its prepared chicken products include ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, some of which are either breaded or non-breaded and either marinated or non-marinated. As of December 25, 2016, the Company marketed its portfolio of fresh, prepared and value-added chicken products across the United States, Mexico and in approximately 80 other countries.

PILGRIM’S PRIDE CORPORATION (NASDAQ:PPC) Recent Trading Information

PILGRIM’S PRIDE CORPORATION (NASDAQ:PPC) closed its last trading session up +0.30 at 23.53 with 1,473,183 shares trading hands.