Tyson Foods Announces Results of Annual Meeting of Shareholders
Rhea-AI Summary
Tyson Foods (NYSE: TSN) held its Annual Meeting of Shareholders, where 13 incumbent directors were reelected with strong shareholder support. The Board size was reduced from 14 to 13 directors following Jonathan Mariner's decision not to seek renomination, with nine directors being independent. Kate Quinn was appointed as Chair of the Audit Committee.
Shareholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2025 and voted against the sole shareholder proposal presented. Chairman John H. Tyson reflected on the company's 90th anniversary, expressing confidence in their current strategic direction.
Positive
- Board maintains strong independence with 9 out of 13 directors being independent
- Successful reelection of all proposed directors with strong shareholder support
- Continuity in leadership maintained through reelection of incumbent directors
Negative
- Reduction in board size from 14 to 13 members
News Market Reaction 1 Alert
On the day this news was published, TSN gained 0.58%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
SPRINGDALE, Ark., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE: TSN) announced the results of its Annual Meeting of Shareholders, which was held today.
Shareholders reelected 13 incumbent directors, with each receiving strong shareholder support according to preliminary voting results. Jonathan Mariner, having expressed his preference not to be renominated to the Board, was not put forward as a director nominee. This reduced the Board size to 13 directors, nine of which are independent. Kate Quinn was elected Chair of the Audit Committee.
“As we mark the 90th anniversary of Tyson Foods, we reflect on the decades of hard work that have transformed our business into a global, world-class food company,” said Chairman John H. Tyson. “I am confident we are working on the right things at the right time with the right effort every day to meet our goals. I’d like to thank our dedicated team members—and all the communities in which they live and work—as well as our shareholders for their ongoing support.”
As noted in the company’s most recent proxy statement, the board members elected today included: Chairman John H. Tyson, Les R. Baledge, Mike Beebe, Maria Claudia Borras, David J. Bronczek, Donnie King, Maria N. Martinez, Kevin M. McNamara, Cheryl S. Miller, Kate B. Quinn, Jeffrey K. Schomburger, Barbara A. Tyson and Noel White.
Additionally, shareholders ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the 2025 fiscal year and voted against the sole shareholder proposal put forward this year.
About Tyson Foods, Inc.
Tyson Foods, Inc. (NYSE: TSN) is a world-class food company and recognized leader in protein. Founded in 1935 by John W. Tyson, it has grown under four generations of family leadership. The Company is unified by this purpose: Tyson Foods. We Feed the World Like Family™ and has a broad portfolio of iconic products and brands including Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, Aidells® and ibp®. Tyson Foods is dedicated to bringing high-quality food to every table in the world, safely and affordably, now and for future generations. Headquartered in Springdale, Arkansas, the company had approximately 138,000 team members as of September 2024. Visit www.tysonfoods.com.
Media Contact: Laura Burns | Laura.Burns2@tyson.com | 479-466-0401
Category: IR
Source: Tyson Foods
FAQ
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