PILGRIM’S PRIDE CORPORATION (NASDAQ:PPC) Files An 8-K Submission of Matters to a Vote of Security Holders

PILGRIM’S PRIDE CORPORATION (NASDAQ:PPC) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07

Submission of Matters to a Vote of Security Holders.
On April 28, 2017, Pilgrims 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. A stockholder advisory vote on the frequency of advisory
voting to approve executive compensation.
5. The ratification of the appointment of KPMG LLP as the
independent registered public accounting firm of the Company for
the fiscal year ending December 31, 2017.
6. A vote on a stockholder proposal, if properly presented,
requesting the Board of Directors to adopt and implement a water
stewardship policy at company and supplier facilities.
7. A vote on a stockholder proposal, if properly presented,
requesting the Board of Directors to prepare a report on steps
the company is taking to foster greater diversity on the Board of
Directors.
8. A Vote on a stockholder proposal, if properly presented,
requesting the Board of Directors to adopt a policy to require an
independent Board Chairman.
Board of Director Election Results
The stockholders of the Company elected all of the Companys nine
nominees for director at the Annual Meeting to the following
votes:
Name
For
Withheld
Broker Non-Votes
Gilberto Tomazoni
209,658,432
26,555,632
6,909,017
Joesley Mendona Batista
200,110,108
36,103,956
6,909,017
Wesley Mendona Batista
208,359,445
27,854,619
6,909,017
William W. Lovette
214,004,013
22,210,051
6,909,017
Andre Nogueira de Souza
209,660,597
26,553,467
6,909,017
Wallim Cruz De Vasconcellos Junior
232,610,886
3,603,178
6,909,017
David E. Bell
232,760,597
3,453,467
6,909,017
Michael L. Cooper
232,758,280
3,455,784
6,909,017
Charles Macaluso
232,751,782
3,462,282
6,909,017
Say on Pay Results
The stockholders approved, on an advisory basis, the compensation
paid to the Companys named executive officers, as disclosed in
the Companys proxy statement for the Annual Meeting, including
the compensation discussion and analysis, compensation table and
narrative discussion.
For
Against
Abstain
Broker Non-Votes
234,161,770
1,977,568
74,726
6,909,017
Frequency of Advisory Vote on Say on Pay Results
The stockholders voted, on an advisory basis, the frequency of
advisory voting to approve executive compensation.
1 Year
2 Years
3 Years
Abstain
Broker Non-Votes
232,762,905
41,836
3,361,865
47,458
6,909,017
Ratification of KPMG LLP as the Companys Independent Registered
Public Accounting Firm
The appointment of KPMG LLP to serve as the independent
registered public accounting firm of the Company for the fiscal
year ending December 31, 2017 was ratified at the Annual Meeting.
The votes were cast as follows:
For
Against
Abstain
242,965,058
125,929
32,094
Stockholder Proposal to Adopt and Implement a Water Stewardship
Policy Results
The stockholders voted against the adoption and implementation of
a water stewardship policy at company and supplier facilities.
For
Against
Abstain
Broker Non-Votes
34,577,070
200,441,420
1,195,574
6,909,017
Stockholder Proposal to Request Board of Directors Report on
Fostering Greater Diversity Results
The stockholders voted against the Board of Directors preparing a
report on steps the company is taking to foster greater diversity
on the Board of Directors.
For
Against
Abstain
Broker Non-Votes
33,708,167
201,384,425
1,121,472
6,909,017
Stockholder Proposal Requesting Board of Directors to Adopt
Policy Requiring Independent Board Chairman Results
The stockholders voted against requesting the Board of Directors
adopt a policy to require an independent Board Chairman.
For
Against
Abstain
Broker Non-Votes
27,292,650
208,660,476
260,938
6,909,017
>


About PILGRIM’S PRIDE CORPORATION (NASDAQ:PPC)

Pilgrim’s Pride Corporation (Pilgrim’s) is a retail food store. The Company is a producer and seller of chicken products with operations in the United States, Mexico and Puerto Rico. The Company is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators. Pilgrim’s offers a range of products to its customers through various distribution channels. Pilgrim’s fresh chicken products include refrigerated (non-frozen) whole chickens, whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. The Company’s prepared chicken products include fully cooked, 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. The Company serves its consumer products under the Gold Kist, County Post, Pierce Chicken, Pilgrim’s Pride and Pilgrim’s brands.

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

PILGRIM’S PRIDE CORPORATION (NASDAQ:PPC) closed its last trading session down -0.23 at 25.29 with 984,240 shares trading hands.

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