4 unchanged sentences
In the opinion of management, any ultimate liability with respect to the ordinary course matters will not have a material adverse effect on our financial position or results of operations.
−Removed: Farmland (Denison)
−Removed: In November 2012, the Iowa Department of Natural Resources (IDNR) initiated a civil enforcement action against Farmland Foods, Inc.
−Removed: (Farmland) for exceeding certain effluent limitations contained in its wastewater pretreatment agreement in connection with operations at Farmland's Denison facility.
−Removed: IDNR and Farmland have initiated discussions as a first step towards resolving this matter by agreement, and Farmland has been working on improvements to its Denison wastewater facility.
−Removed: While we could face monetary penalties, depending upon the results of the action, we believe that any ultimate liability with respect to these matters will not have a material adverse effect on our financial position or operations.
+Added: North Carolina Nuisance Litigation
+Added: In August, September and October 2014, 25 complaints were filed in the Eastern District of North Carolina by 515 individual plaintiffs against our wholly owned subsidiary, Murphy-Brown, alleging causes of action for nuisance and related claims.
+Added: The complaints stemmed from the nuisance cases previously filed in the Superior Court of Wake County.
+Added: On February 23, 2015, all 25 complaints were amended and one complaint was severed into two separate actions.
+Added: The 26 currently pending complaints were filed on behalf of 541 plaintiffs and relate to approximately 14 company-owned and 75 contract farms.
+Added: All 26 complaints include causes of action for temporary nuisance and negligence and seek recovery of an unspecified amount of compensatory, special and punitive damages, as well as unspecified injunctive and equitable relief.
+Added: Murphy-Brown is in the process of responding to the complaints in all 26 cases.
+Added: The Company believes that the claims are unfounded and intends to defend the suits vigorously.
+Added: Neuse Riverkeeper Foundation and Waterkeeper Alliance NOI
+Added: From time to time we receive notices from regulatory authorities and others asserting that we are not in compliance with certain environmental laws and regulations.
+Added: In some instances, litigation ensues.
+Added: On March 13, 2014, the Neuse Riverkeeper Foundation and Waterkeeper Alliance submitted a 60-day Notice of Intent (NOI) to file a citizen suit against the Company, our wholly owned subsidiary Murphy-Brown, a contract grower, the landowner, and certain individual employees of either Murphy-Brown or the contract grower related to alleged violations of the Clean Water Act at a hog farm in Greene County, North Carolina.
+Added: The Company is continuing to investigate the allegations and is in the process of responding.
MINE SAFETY DISCLOSURES
2 unchanged sentences
The following table shows the name and age, position and business experience during the past five years of each of our executive officers.
−Removed: The board of directors elects executive officers to hold office until the next annual meeting of the board of directors, until their successors are elected or until their resignation or removal.
+Added: Our board of directors (the "Board" or "Board of Directors") elects executive officers to hold office until the next annual meeting of the Board, until their successors are elected or until their resignation or removal.
Business Experience During Past Five Years
4 unchanged sentences
Pope served as President and Chief Operating Officer from October 2001 to September 2006.
−Removed: Manly, IV (60)
−Removed: Executive Vice President and Chief Financial Officer and President of Murphy-Brown
−Removed: Manly assumed the role of President of Murphy-Brown in July 2012.
−Removed: Manly was elected Executive Vice President in August 2006 and was named to the additional position of Chief Financial Officer, effective July 1, 2008.
−Removed: He also served as Interim Chief Financial Officer from January 2007 to June 2007.
−Removed: Prior to August 2006, he was President since October 1996 and Chief Operating Officer since June 2005 of PSF.
−Removed: Luter, IV (48)
−Removed: Executive Vice President
−Removed: Luter was elected Executive Vice President in April 2008 concentrating on sales and marketing.
−Removed: He served as President of Smithfield Packing from November 2004 to April 2008.
−Removed: Luter is the son of Joseph W.
−Removed: Luter, III, Chairman of the Board of Directors.
+Added: Sullivan (51)
+Added: Executive Vice President and Chief Financial Officer
+Added: Sullivan was promoted to Chief Financial Officer in 2013 and elected Executive Vice President effective March 1, 2015.
+Added: He served as Senior Vice President of Finance and Chief Accounting Officer from 2012 to 2013, Vice President of Finance and Chief Accounting Officer from 2010 to 2012, Chief Accounting Officer from 2007 to 2010 and Vice President of Internal Audit from 2003 to 2007.
Dhamu Thamodaran (59)
4 unchanged sentences
Thamodaran served as Vice President, Price Risk Management.
−Removed: Executive Vice President, Corporate Affairs, and Chief Sustainability Officer
+Added: Executive Vice President and Chief Sustainability Officer
Treacy was elected Executive Vice President, Corporate Affairs, and Chief Sustainability Officer in October 2011.
2 unchanged sentences
Treacy served as Vice President, Environmental and Corporate Affairs.
−Removed: President and Chief Operating Officer, Pork Group
−Removed: Richter was elected President and Chief Operating Officer, Pork Group in April 2008.
−Removed: Richter served as President of Farmland Foods from October 2003 to April 2008.
−Removed: President of Farmland Foods
−Removed: Brown was elected President of Farmland Foods in October 2010.
−Removed: He served as President of Armour-Eckrich and Executive Vice President of John Morrell Food Group from 2006 to October 2010.
−Removed: Schellpeper (48)
−Removed: President of Smithfield Packing
−Removed: Schellpeper was elected President of Smithfield Packing in April 2008.
−Removed: He was Senior Vice President of Operations at Farmland Foods from August 2005 to April 2008.
−Removed: President of John Morrell
−Removed: Sebring has served as President of John Morrell since May 1994.
+Added: President, Packaged Meats Division
+Added: Sebring was elected President, Packaged Meats Division effective March 1, 2015.
+Added: He served as President of John Morrell from May 1994 to February 2015.
+Added: Dariusz Nowakowski (61)
+Added: President of Smithfield Europe
+Added: Nowakowski was elected President of Smithfield Europe in August 2012 and is responsible for all of Smithfield's wholly owned subsidiaries in Europe.
+Added: Nowakowski joined Smithfield in 2006 as President of Animex.
+Added: Scott Saunders (51)
+Added: President, Fresh Pork Division
+Added: Saunders was elected President, Fresh Pork Division, effective March 1, 2015.
+Added: He served as Chief Financial Officer of John Morrell from 2008 to February 2015.
+Added: Gregg Schmidt (57)
+Added: President, Hog Production Division
+Added: Schmidt was elected President, Hog Production Division, effective March 1, 2015.
+Added: He served as President of Murphy-Brown from 2013 to February 2015.
+Added: He served as President of Murphy-Brown East Production Operations from 2011 to 2013 and served as President of the International Division from 2002 to 2011.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.