SPRINGDALE, Ark. – Shareholders of Tyson Foods, Inc. (NYSE: TSN | PowerRating) today elected seven people to the company's Board of Directors, including five independent directors. The vote was announced at Tyson's annual meeting of shareholders in Springdale, Arkansas.
Those elected were Chairman John Tyson, Jim Kever, Kevin M. McNamara, Robert Thurber, Brad T. Sauer, Barbara A. Tyson and Albert C. Zapanta. The board position held by Don Tyson, who passed away January 6, has not been filled.
In other business, shareholders approved, on an advisory basis, the overall compensation of the company's named executive officers and chose to hold an advisory vote every three years regarding executive compensation. Shareholders ratified the selection of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending October 1, 2011. They also voted to reject a shareholder proposal regarding poultry slaughter methods.
Tyson Foods, Inc. (NYSE:TSN), founded in 1935 with headquarters in Springdale, Arkansas, is one of the world's largest processors and marketers of chicken, beef and pork, the second-largest food production company in the Fortune 500 and a member of the S&P 500. The company produces a wide variety of protein-based and prepared food products and is the recognized market leader in the retail and foodservice markets it serves. Tyson provides products and services to customers throughout the United States and more than 90 countries. The company has approximately 115,000 Team Members employed at more than 400 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.
Source: Tyson Foods, Inc.
