SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 29, 2011
PILGRIMS PRIDE CORPORATION
(Exact Name of registrant as specified in its charter)
Registrants telephone number, including area code: (970) 506-8000
(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:
On April 29, 2011, 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 two Equity Directors and the Founder Director 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 Ernst & Young LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 25, 2011.
Board of Director Election Results
The stockholders of the Company elected all of the Companys nine nominees for director at the Annual Meeting pursuant to the following votes:
Stockholder Advisory Vote on Executive Compensation
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 tables and narrative discussion.
Stockholder Advisory Vote on the Frequency of Advisory Voting to Approve Executive Compensation
After consideration of the stockholders recommendation, the Company decided to hold an advisory vote on the compensation of the Companys named executive officers every year until the next required vote on frequency of stockholder votes on named executive officer compensation.
Ratification of Ernst & Young LLP as the Companys Independent Registered Public Accounting Firm
The appointment of Ernst & Young LLP to serve as the independent registered public accounting firm of the Company for the fiscal year ending December 25, 2011 was ratified at the Annual Meeting. The votes were cast as follows:
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.