4 unchanged sentences
WH Group is listed on the Hong Kong Exchange.
−Removed: As of March 5, 2025, there were approximately two record holders of the Company’s common stock and approximately 5,995 holders whose shares were held in street name by brokerage firms and financial institutions.
+Added: As of March 4, 2026, there was one record holder of the Company’s common stock and approximately 23,346 holders whose shares were held in street name by brokerage firms and financial institutions.
Issuer Purchases of Equity Securities
−Removed: We have historically paid dividends to WH Group annually, along with special dividends in some years.
+Added: In fiscal year 2025, we paid dividends of $1.00 per share.
On March 23, 2026, our Board declared a quarterly cash dividend of $0.3125 per share of common stock, which is payable on April 21, 2026, to shareholders of record on April 7, 2026.
−Removed: We anticipate the remaining quarterly dividends in fiscal 2025 will be $0.25 per share, resulting in an annual dividend rate in fiscal 2025 of $1.00 per share.
+Added: We anticipate the remaining quarterly dividends in fiscal year 2026 will be $0.3125 per share, resulting in an annual dividend rate in fiscal year 2026 of $1.25 per share.
The declaration of dividends is subject to the discretion of our Board and depends on various factors, including our net income, financial condition, cash requirements, business prospects, and other factors that our Board deems relevant to its analysis and decision making.
1 unchanged sentence
For information relating to securities authorized for issuance under equity compensation plans, see Part III, Item 12 of this Form 10-K.
−Removed: Use of Proceeds
−Removed: On January 21, 2025, our Registration Statement on Form S-1, as amended (File 333-284141), was declared effective.
−Removed: On January 29, 2025, we completed our IPO of 26,086,958 shares of common stock, which represents 7% of the total outstanding shares, at a price of $20.00 per share.
−Removed: We issued 13,043,479 shares of common stock bringing the total number of outstanding shares to 393,112,711.
−Removed: The remaining 13,043,479 shares of common stock were sold by our existing shareholders.
−Removed: Our existing shareholder granted the underwriters a 30-day option to purchase up to 3,913,042 additional shares of our common stock.
−Removed: On February 20, 2025, the underwriters partially exercised such option and purchased 2,506,936 additional shares of common stock from our existing shareholder.
−Removed: The acting representatives for the underwriters were Morgan Stanley & Co.
−Removed: LLC, BofA Securities, Inc.
−Removed: and Goldman Sachs & Co.LLC.
−Removed: We received net proceeds from the IPO of approximately $236 million after deducting underwriting discounts, commissions and fees of $13 million.
−Removed: Upon receipt, the net proceeds from the initial public offering were held in cash and cash equivalents and marketable securities.
−Removed: There has been no material change in the planned use of proceeds from our IPO from that described in our Prospectus on Form 424B 4, filed with the SEC on January 29, 2025.
Shareholder Return Performance Graph
−Removed: Not applicable.
+Added: The following graph compares the cumulative total shareholder return on Smithfield’s common stock from our initial trading date through the end of fiscal year 2025 to the cumulative total returns on the Standard & Poor’s (“S&P”) 500 index and the S&P Composite 1500 Food Products index.
+Added: The comparison assumes $100 was invested on January 28, 2025 in shares of our common stock and in each of the indices shown and assumes that all of the dividends were reinvested.
+Added: January 28, 2025 March 30, 2025 June 29, 2025 September 28, 2025 December 28, 2025
+Added: Smithfield Foods, Inc.
+Added: $ 100 $ 102 $ 120 $ 122 $ 119
+Added: S&P 500 100 92 102 110 116
+Added: S&P Composite 1500 Food Products 100 106 101 100 96
+Added: The information in this section shall not be deemed to be “soliciting material” or to be “filed” with the SEC or subject to Regulation 14A or 14C, or to the liabilities of Section 18 of the Securities Exchange Act of 1934.
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.