PPC Reports Officer Changes, Compensation Arrangements
Ticker: PPC · Form: 8-K · Filed: Feb 9, 2024 · CIK: 802481
Complexity: simple
Sentiment: neutral
Topics: officer-changes, corporate-governance, compensation
TL;DR
**PPC just shuffled its executive team and disclosed new pay packages.**
AI Summary
Pilgrim's Pride Corporation (PPC) filed an 8-K on February 9, 2024, to report the departure of certain officers and the appointment of new ones, along with details on their compensation. This matters to investors because changes in leadership, especially regarding compensatory arrangements, can signal shifts in company strategy or financial health, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and their compensation can influence a company's strategic direction and operational efficiency, directly affecting investor confidence and stock valuation.
Risk Assessment
Risk Level: low — This filing primarily reports routine corporate governance changes, which typically carry a low direct risk to investors unless specific details indicate significant instability.
Analyst Insight
Investors should monitor subsequent filings for specific details on the new officers and their compensation, as well as any strategic shifts that might result from these leadership changes. This filing itself is primarily informational.
Key Numbers
- $0.01 — Common Stock Par Value (The par value of Pilgrim's Pride Corporation's common stock.)
Key Players & Entities
- PILGRIM'S PRIDE CORPORATION (company) — the registrant filing the 8-K
- February 9, 2024 (date) — date of earliest event reported
- Nasdaq Stock Market LLC (company) — exchange where PPC common stock is registered
- $0.01 (dollar_amount) — par value of common stock
FAQ
What is the purpose of this 8-K filing by Pilgrim's Pride Corporation?
This 8-K filing by Pilgrim's Pride Corporation is to report the departure of directors or certain officers, the election of new directors, the appointment of certain officers, and details regarding compensatory arrangements of certain officers, as per Item 5.02 of Form 8-K.
What is the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 9, 2024, which is also the date of the report.
Where is Pilgrim's Pride Corporation incorporated and what is its business address?
Pilgrim's Pride Corporation is incorporated in Delaware, and its principal executive offices are located at 1770 Promontory Circle, Greeley, CO 80634-9038.
What is the trading symbol and the exchange where Pilgrim's Pride Corporation's common stock is registered?
The trading symbol for Pilgrim's Pride Corporation's common stock is PPC, and it is registered on The Nasdaq Stock Market LLC.
Does Pilgrim's Pride Corporation indicate if it is an emerging growth company in this filing?
No, Pilgrim's Pride Corporation indicates with a checkbox that it is NOT an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 848 words · 3 min read · ~3 pages · Grade level 12.5 · Accepted 2024-02-09 17:17:35
Key Financial Figures
- $0.01 — ich Registered Common Stock, Par Value $0.01 PPC The Nasdaq Stock Market LLC (Form
Filing Documents
- ppc-20240209.htm (8-K) — 31KB
- exhibit991pilgrimsmediasta.htm (EX-99.1) — 2KB
- image_0.jpg (GRAPHIC) — 70KB
- 0000802481-24-000002.txt ( ) — 255KB
- ppc-20240209.xsd (EX-101.SCH) — 2KB
- ppc-20240209_lab.xml (EX-101.LAB) — 24KB
- ppc-20240209_pre.xml (EX-101.PRE) — 12KB
- ppc-20240209_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. A copy of the media statement regarding the resignation of Wesley Mendona Batista Filho and Joanita Karoleski and the appointment of Wesley Mendona Batista and Joesley Mendona Batista to the Board is attached hereto as Exhibit 99.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Media Statement, dated February 9, 2024 104 Cover Page Interactive Data File formatted in iXBRL 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: February 9, 2024 /s/ Matthew Galvanoni Matthew Galvanoni Chief Financial Officer and Chief Accounting Officer