… Wesley Mendonça Batista notified Pilgrim’s Pride Corporation (the “Company”) that he has resigned as a director of the Company effective immediately. On June 14, 2017, the JBS Nominating Committee approved the appointment of Denilson Molina to replace Mr. Batista...

 

 

PILGRIM’S PRIDE CORPORATION

FORM 8-K

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Date of report (Date of earliest event reported): June 14, 2017

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On June 14, 2017, Wesley Mendonça Batista notified Pilgrim’s Pride Corporation (the “Company”) that he has resigned as a director of the Company effective immediately. On June 14, 2017, the JBS Nominating Committee approved the appointment of Denilson Molina to replace Mr. Batista and to serve as a JBS Director of the Company until the next annual meeting of stockholders or until his successor has been duly elected or appointed, or until his earlier death, resignation or removal. Mr. Molina has also been appointed to the JBS Nominating Committee. Mr. Molina is currently the Chief Financial Officer of JBS USA Food Company. Previously, he worked at Banco do Brasil for nearly 20 years. At Banco do Brasil, he held several executive positions leading projects and transactions in the corporate, commercial wholesale, and retail sectors.

 

As of the date hereof, the Board of Directors of the Company (the “Board”) has not determined any committee appointments for Mr. Molina other than his appointment to the JBS Nominating Committee. There are no arrangements or understandings between Mr. Molina and any other persons pursuant to which he was appointed as a director of the Company. There are no family relationships between Mr. Molina and any director, executive officer or any person nominated or chosen by the Company to become a director or executive officer. There are no related person transactions (within the meaning of Item 404(a) of Regulation S-K) between Mr. Molina and the Company. Mr. Molina will not receive any compensation solely for service as a director.

 

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