Tyson Foods (NYSE: TSN) appoints Phillip Thomas as new Chief Accounting Officer

Rhea-AI Filing Summary

Tyson Foods, Inc. announced that Phillip Thomas will be appointed Vice President, Controller and Chief Accounting Officer effective April 6, 2026. He replaces Lori Bondar, who will step down from the Chief Accounting Officer role, remain as Senior Vice President to assist with the transition, and plans to retire before the end of the current fiscal year.

Thomas, age 51, has held senior finance roles at Tyson since 2008, including serving as Chief Accounting Officer from 2020 to 2023. In his new role, he will receive an annual base salary of $360,574, a target annual incentive equal to 55% of base salary, and an annual long-term incentive target award of $175,000, weighted 75% in restricted stock units and 25% in performance stock. The company states there are no family relationships, special arrangements, or related party transactions associated with his appointment.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Effective date of new role: April 6, 2026 Age of new CAO: 51 years Base salary: $360,574 +4 more

7 metrics

Effective date of new role April 6, 2026 Start date for Phillip Thomas as VP, Controller and CAO

Age of new CAO 51 years Phillip Thomas’s age as disclosed

Base salary $360,574 Annual base salary for VP, Controller and CAO role

Target annual incentive 55% of base salary Incentive opportunity under annual incentive plan

Long-term incentive target $175,000 Annual long-term incentive award value

RSU weighting 75% Portion of long-term incentive in restricted stock units

Performance stock weighting 25% Portion of long-term incentive in performance stock

Key Terms

Chief Accounting Officer, annual incentive plan, long-term incentive program, restricted stock units, +2 more

6 terms

Chief Accounting Officer financial

"Phillip Thomas will be appointed Vice President, Controller and Chief Accounting Officer, effective April 6, 2026."

A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.

annual incentive plan financial

"will continue to be eligible to participate in the Company’s annual incentive plan, with a target annual incentive of 55% of his base salary."

long-term incentive program financial

"Additionally, he continues to be eligible to participate in the Company’s long-term incentive program."

restricted stock units financial

"His annual long-term incentive target award is $175,000, with the mix of such award being weighted at 75% restricted stock units and 25% performance stock."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance stock financial

"the mix of such award being weighted at 75% restricted stock units and 25% performance stock."

related party transactions financial

"Mr. Thomas is not a party to any related party transactions required to be reported pursuant to Item 404(a) of Regulation S-K."

Transactions between a company and people or entities that have close ties to it—such as executives, board members, major shareholders, family members, or related companies—where the parties are not independent. These deals matter to investors because they can create conflicts of interest or hide favorable terms that distort a company’s true profits and risks; think of it like a business buying or selling to a family member instead of using the open market, which can lead to biased prices or undisclosed obligations.

Understanding 8-K Material Events →

0000100493falseiso4217:USDxbrli:shares00001004932026-04-022026-04-02

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 2, 2026

TYSON FOODS, INC.

(Exact name of Registrant as specified in its charter)

Delaware

001-14704

71-0225165

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification No.)

2200 West Don Tyson Parkway,

Springdale,

Arkansas

72762-6999

(Address of Principal Executive Offices)

(Zip Code)

(479) 290-4000

(Registrant's telephone number, including area code)

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 (see General Instruction A.2. below):

☐    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))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol

Name of Each Exchange on Which Registered

Class A Common Stock

Par Value

$0.10

TSN

New York Stock Exchange

Class B stock is not publicly listed for trade on any exchange or market system. However, Class B stock is convertible into Class A stock on a share-for-share basis.

Indicate by check mark whether the registrant is an emerging growth company 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 2, 2026, Tyson Foods, Inc. (the “Company”) announced that Phillip Thomas will be appointed Vice President, Controller and Chief Accounting Officer, effective April 6, 2026. In connection with Mr. Thomas’ appointment, Lori Bondar, Senior Vice President and Chief Accounting Officer, will step down from her role as Chief Accounting Officer. She will remain with the Company as Senior Vice President to assist with the transition, and plans to retire from the Company prior to the end of this fiscal year.

Mr. Thomas, 51, was most recently Vice President and Controller since December 2023. He previously served as the Company’s Vice President, Controller and Chief Accounting Officer from July 2020 to December 2023, Vice President and Assistant Controller from March 2014 to July 2020, and Senior Director Financial Reporting from July 2008 to March 2014. As the Company’s Vice President, Controller and Chief Accounting Officer, Mr. Thomas will receive an annual base salary of $360,574 and will continue to be eligible to participate in the Company’s annual incentive plan, with a target annual incentive of 55% of his base salary. Additionally, he continues to be eligible to participate in the Company’s long-term incentive program. His annual long-term incentive target award is $175,000, with the mix of such award being weighted at 75% restricted stock units and 25% performance stock.

There is no family relationship between Mr. Thomas and any director or officer of the Company, nor is there any arrangement or understanding between Mr. Thomas and any other person(s) pursuant to which he was selected to serve as the Company’s Vice President, Controller and Chief Accounting Officer. Mr. Thomas is not a party to any related party transactions required to be reported pursuant to Item 404(a) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits

(d)Exhibits

Exhibit Number			Description
104			Cover Page Interactive Data File formatted in iXBRL.

2

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.

						TYSON FOODS, INC.
Date: April 2, 2026						By:			/s/ Curt T. Calaway
						Name:			Curt T. Calaway
						Title:			Chief Financial Officer

3

FAQ

What executive leadership change did Tyson Foods (TSN) announce?

Tyson Foods announced that Phillip Thomas will become Vice President, Controller and Chief Accounting Officer on April 6, 2026. He succeeds Lori Bondar, who will remain as Senior Vice President during a transition period and plans to retire before the end of the current fiscal year.

Who is Phillip Thomas and what is his background at Tyson Foods (TSN)?

Phillip Thomas, age 51, has held finance roles at Tyson Foods since 2008. He previously served as Senior Director Financial Reporting, Vice President and Assistant Controller, and Vice President, Controller and Chief Accounting Officer from 2020 to 2023, then as Vice President and Controller since December 2023.

What is the new compensation package for Tyson Foods’ Chief Accounting Officer?

In his role as Vice President, Controller and Chief Accounting Officer, Phillip Thomas will receive a base salary of $360,574, a target annual incentive equal to 55% of base salary, and an annual long-term incentive target award of $175,000 in equity-based compensation.

How is Phillip Thomas’s long-term incentive structured at Tyson Foods (TSN)?

Phillip Thomas’s annual long-term incentive target award is $175,000. The company states this award is allocated 75% in restricted stock units and 25% in performance stock, linking a significant portion of his compensation to Tyson Foods’ long-term share-based performance.

Are there any related party transactions or family ties in Phillip Thomas’s appointment at Tyson Foods?

Tyson Foods states there is no family relationship between Phillip Thomas and any company director or officer. The company also notes he is not involved in related party transactions reportable under Item 404(a) of Regulation S-K, and no special arrangements determined his selection.

What is Lori Bondar’s role after stepping down as Tyson Foods’ Chief Accounting Officer?

After stepping down as Chief Accounting Officer, Lori Bondar will remain at Tyson Foods as Senior Vice President. She will assist with the transition to Phillip Thomas and plans to retire from the company before the end of the current fiscal year, according to the disclosure.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.7 KB