1 unchanged sentence
Evaluation of Disclosure Controls and Procedures
−Removed: An evaluation was performed, under the supervision and with the participation of management, including the Chief Executive Officer ("CEO") and the Chief Financial Officer ("CFO"), of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended (the "1934 Act")).
+Added: An evaluation was performed, under the supervision and with the participation of management, including the Chief Executive Officer ("CEO") and the Chief Financial Officer ("CFO"), of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the "1934 Act")).
Based on that evaluation, the CEO and CFO concluded that, as of October 2, 2021, our disclosure controls and procedures were effective.
−Removed: Changes in Internal Control Over Financial Reporting
−Removed: In the quarter ended October 3, 2020 , there have been no changes in the Company’s internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.
−Removed: During fiscal 2019, we implemented the primary phase of a new Enterprise Resource Planning system (“ERP”).
−Removed: The implementation will continue in additional phases into fiscal 2021.
−Removed: We concluded, as part of our evaluation, that the implementation of the ERP has not materially affected our internal control over financial reporting.
+Added: Remediation of Previously Reported Material Weakness in Internal Control Over Financial Reporting
+Added: During the first quarter of fiscal 2021, we identified and disclosed a material weakness in our internal control over financial reporting over the existence of live cattle inventory.
+Added: Specifically, we did not design and maintain effective controls to verify the existence of Company inventory in the custody of third-party live cattle suppliers and appropriately perform the live cattle inventory reconciliation and review at the designed level of precision.
+Added: To remediate the material weakness described above, we designed and implemented a control requiring the inspection and physical verification of live cattle at third-party feedyards as well as conducted training on the execution of the Company’s key control regarding the reconciliation and review of live cattle inventory, including the sufficient review based on defined thresholds.
+Added: During the fourth quarter of fiscal 2021, we successfully completed the testing necessary to conclude that the material weakness has been remediated.
Management’s Annual Report on Internal Control Over Financial Reporting
−Removed: Management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rule 13a-15(f) of the 1934 Act.
+Added: Management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rule 13a-15(f) and 15d-15(f) of the 1934 Act.
Our internal control over financial reporting was designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
5 unchanged sentences
The Company’s independent registered public accounting firm, PricewaterhouseCoopers LLP, who has audited the fiscal 2021 financial statements included in this Annual Report on Form 10-K, has also audited the effectiveness of the Company’s internal control over financial reporting as of October 2, 2021 as stated in its report which appears in Part II, Item 8 of this Annual Report on Form 10-K.
+Added: Changes in Internal Control Over Financial Reporting
+Added: There were no changes in the Company’s internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the 1934 Act) during the quarter ended October 2, 2021 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.
OTHER INFORMATION
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
−Removed: See information set forth under the captions “Election of Directors”, "Information Regarding the Board and its Committees" and "Report of the Audit Committee" in the Company’s definitive Proxy Statement for the Company’s Annual Meeting of Shareholders to be held February 11, 2021 (the “Proxy Statement”), which information is incorporated herein by reference.
−Removed: Pursuant to general instruction G(3) of Annual Report on Form 10-K, certain information concerning our executive officers is included under the caption “Executive Officers of the Company” in Part I of this Annual Report on Form 10-K.
+Added: See information set forth under the captions “Election of Directors” and "Board of Directors and Corporate Governance Information" in the Company’s definitive Proxy Statement for the Company’s Annual Meeting of Shareholders to be held February 10, 2022 (the “Proxy Statement”), which information is incorporated herein by reference.
+Added: Pursuant to general instruction G(3) of Annual Report on Form 10-K, certain information concerning our executive officers is included under the caption “Information About Our Executive Officers” in Part I of this Annual Report on Form 10-K.
We have a code of ethics as defined in Item 406 of Regulation S-K, which applies to all of our directors and team members, including our principal executive officers, principal financial officer, principal accounting officer or controller, and persons performing similar functions.
2 unchanged sentences
EXECUTIVE COMPENSATION
−Removed: See the information set forth under the captions “Executive Compensation,” “Director Compensation For Fiscal Year 2020 ,” “Compensation Discussion and Analysis,” “Report of the Compensation and Leadership Development Committee,” “Compensation Committee Interlocks and Insider Participation”, and "Section 16(a) Beneficial Ownership Reporting Compliance" in the Proxy Statement, which information is incorporated herein by reference.
+Added: See the information set forth under the captions “Executive Compensation,” “Director Compensation For Fiscal Year 2021,” “Compensation Discussion and Analysis,” “Report of the Compensation and Leadership Development Committee” and "Compensation Committee Interlocks and Insider Participation” in the Proxy Statement, which information is incorporated herein by reference.
However, pursuant to instructions to Item 407(e)(5) of Regulation S-K, the material appearing under the sub-heading “Report of the Compensation and Leadership Development Committee” shall be deemed "furnished" and not be deemed to be “filed” with the SEC, other than as provided in this Item 11.
5 unchanged sentences
Securities to be
+Added: options Weighted
exercise price
of outstanding
−Removed: Number of Securities remaining available for
+Added: options Number of Securities remaining available for
future issuance under
4 unchanged sentences
Equity compensation plans not approved by security holders — — —
+Added: Total 7,295,488 $ 63.73 27,544,595
(a) Shares of Class A Common Stock available for future issuance as of October 2, 2021, under the Stock Incentive Plan (9,463,920), the Employee Stock Purchase Plan (10,433,067) and the Retirement Savings Plan (7,647,608).
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
−Removed: See the information included under the captions “Election of Directors”, "Information Regarding the Board and its Committees" and “Certain Transactions” in the Proxy Statement, which information is incorporated herein by reference.
+Added: See the information included under the captions “Election of Directors,” "Board of Directors and Corporate Governance Information" and “Certain Transactions” in the Proxy Statement, which information is incorporated herein by reference.
PRINCIPAL ACCOUNTING FEES AND SERVICES
1 unchanged sentence
EXHIBITS, FINANCIAL STATEMENT SCHEDULES
−Removed: The following documents are filed as a part of this report:
+Added: (a) The following documents are filed as a part of this report:
(1) Consolidated Financial Statements
1 unchanged sentence
Consolidated Statements of Comprehensive Income for the three years ended October 2, 2021
−Removed: Consolidated Balance Sheets at October 3, 2020 , and September 28, 2019
+Added: Consolidated Balance Sheets at October 2, 2021, and October 3, 2020
Consolidated Statements of Shareholders’ Equity for the three years ended October 2, 2021
21 unchanged sentences
(formerly The Chase Manhattan Bank, N.A.)), as Trustee, supplementing the Company Indenture (previously filed as Exhibit 4.2 to the Company's Current Report on Form 8-K filed August 8, 2014, and incorporated herein by reference).
−Removed: Form of 2.65% Senior Note due 2019 (previously filed as Exhibit 4.2 to the Company's Current Report on Form 8‑K filed August 8, 2014, and incorporated herein by reference).
4.7 Supplemental Indenture dated as of August 8, 2014, by and between the Company and The Bank of New York Mellon Trust Company, National Association (as successor to JPMorgan Chase Bank, N.A.
10 unchanged sentences
33-33603 on Form S-3 by Sara Lee Corporation, predecessor in interest to The Hillshire Brands Company, filed with the Commission on October 5, 1990, and incorporated herein by reference).
−Removed: Form of 4.10% Notes due 2020 issued pursuant to the Sara Lee Indenture (previously filed as Exhibit 4.2 to the Company's Current Report on Form 8-K dated September 7, 2010, by The Hillshire Brands Company and incorporated herein by reference).
4.14 Form of 6 1/8 % Notes due 2032 issued pursuant to the Sara Lee Indenture (previously filed as Exhibit 4.25 to the Company’s Annual Report on Form 10-K for the fiscal year ended September 27, 2014, and incorporated herein by reference).
2 unchanged sentences
(formerly The Chase Manhattan Bank, N.A.)), as Trustee, supplementing the Company Indenture (previously filed as Exhibit 4.2 to the Company's Current Report on Form 8-k filed on June 2, 2017, and incorporated herein by reference).
−Removed: Form of Floating Rate Senior Notes due 2019 (previously filed as Exhibit 4.2 to the Company's Current Report on Form 8-K filed on June 2, 2017, and incorporated herein by reference).
4.16 Supplemental Indenture dated June 2, 2017, by and between the Company and The Bank of New York Mellon Trust Company, N.A.
1 unchanged sentence
(formerly The Chase Manhattan Bank, N.A.)), as Trustee, supplementing the Company Indenture (previously filed as Exhibit 4.4 to the Company's Current Report on Form 8-K filed on June 2, 2017, and incorporated herein by reference).
−Removed: Form of Floating Rate Senior Notes due 2020 (previously filed as Exhibit 4.4 to the Company's Current Report on Form 8-K filed on June 2, 2017, and incorporated herein by reference).
4.17 Supplemental Indenture dated June 2, 2017, by and between the Company and The Bank of New York Mellon Trust Company, N.A.
6 unchanged sentences
4.20 Form of 4.55% Senior Notes due 2047 (previously filed as Exhibit 4.8 to the Company's Current Report on Form 8-K filed on June 2, 2017, and incorporated herein by reference).
−Removed: Supplemental Indenture dated August 23, 2017, by and between the Company and The Bank of New York Mellon Trust Company, N.A.(as successor to JPMorgan Chase Bank, N.A.
−Removed: (formerly The Chase Manhattan Bank, N.A.)), as Trustee, supplementing the Company Indenture (previously filed as Exhibit 4.2 to the Company's Current Report on Form 8-K filed on August 23, 2017, and incorporated herein by reference).
−Removed: Form of Floating Rate Senior Notes due 2020 (previously filed as Exhibit 4.2 to the Company's Current Report on Form 8-K filed on August 23, 2017, and incorporated herein by reference).
−Removed: Supplemental Indenture dated August 23, 2017, by and between the Company and The Bank of New York Mellon Trust Company, N.A..
−Removed: (as successor to JPMorgan Chase Bank, N.A.
−Removed: (formerly The Chase Manhattan Bank, N.A.)), as Trustee, supplementing the Company Indenture (previously filed as Exhibit 4.4 to the Company's Current Report on Form 8-K filed on August 23, 2017, and incorporated herein by reference).
−Removed: Form of 2.250% Senior Notes due 2021 (previously filed as Exhibit 4.4 to the Company's Current Report on Form 8-K filed on August 23, 2017, and incorporated herein by reference).
4.21 Supplemental Indenture, dated September 28, 2018, by and between the Company and the Bank of New York Mellon Trust Company, N.A.
6 unchanged sentences
4.24 Form of 5.100% Senior Notes due 2048 (previously filed as Exhibit 4.5 to the Company's Current Report on Form 8-K filed on September 28, 2018, and incorporated herein by reference).
−Removed: Term Loan Agreement, dated as of March 27, 2020, among the Company, the lenders party thereto, and Morgan Stanley Senior Funding, Inc.
−Removed: as administrative agent (previously filed as Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the Securities and Exchange Commission on April 1, 2020, and incorporated herein by reference).
−Removed: Amended and Restated Credit Agreement, dated as of March 14, 2018, among the Company, the subsidiary, borrowers party thereto, and lenders party thereto and JPMorgan Chase Bank, N.A., as the Administrative Agent (previously filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed March 20, 2018, and incorporated herein by reference).
−Removed: First Amendment to the Amended and Restated Credit Agreement, dated as of January 24, 2020, among the Company, the subsidiary borrowers party thereto, and lenders party thereto and JPMorgan Chase Bank, N.A.
−Removed: as the Administrative Agent (previously filed as Exhibit 10.15 to the Company's Quarterly Report on Form 10-Q for the quarter ended December 28, 2019, and incorporated herein by reference).
+Added: 10.1 Revolving Credit Agreement, dated September 30, 2021, among Tyson Foods, Inc., the subsidiary borrowers party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (previously filed as Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the Securities and Exchange Commission on October 4, 2021, and incorporated herein by reference).
10.2 * Second Amended and Restated Employment Agreement, dated November 9, 2017, by and between the Company and John Tyson (previously filed as Exhibit 10.76 to the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2017, and incorporated herein by reference).
−Removed: Amended and Restated Employment Agreement, dated October 4, 2018, by and between the Company and Noel W.
−Removed: White (previously filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed October 5, 2018, and incorporated herein by reference).
−Removed: Employment Agreement, dated November 6, 2019, by and between the Company and Samuel Dean Banks, Jr.
−Removed: (previously filed as Exhibit 10.15 to the Company's Annual Report on Form 10-K for the year ended September 28, 2019, and incorporated herein by reference).
+Added: 10.3 * Employment Agreement, effective as of June 2, 2021, by and between the Company and Donnie King (previously filed as Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the Securities and Exchange Commission on June 2, 2021, and incorporated herein by reference).
10.4 * Compensatory arrangement by and between the Company and John Randal Tyson (previously filed as Exhibit 10.17 to the Company's Current Report on Form 10-Q for the period ended December 28, 2019, and incorporated herein by reference).
2 unchanged sentences
and Christopher Langholz (previously filed as Exhibit 10.19 to the Company's Current Report on Form 10-Q for the period ended December 28, 2019, and incorporated herein by reference).
−Removed: Amended and Restated Employment Agreement dated as of October 2nd, 2020, entered into between the Company and Samuel Dean Banks, Jr.
−Removed: (previously filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed October 8, 2020, and incorporated herein by reference).
10.7 * Second Amended and Restated Employment Agreement dated as of October 2nd, 2020, entered into between the Company and Noel W.
1 unchanged sentence
10.8 * Offer Letter between Tyson Foods, Inc.
−Removed: and Johanna Söderström
+Added: and Johanna Söderström (previously filed as Exhibit 10.11 to the Company's Annual Report on Form 10-K for the fiscal year ended October 3, 2020, and incorporated herein by reference).
10.9 * Indemnity Agreement, dated as of September 28, 2007, between the Company and John Tyson (previously filed as Exhibit 10.2 to the Company’s Current Report on Form 8-K filed September 28, 2007, and incorporated herein by reference).
Form of Indemnity Agreement between Tyson Foods, Inc.
−Removed: and its directors and certain executive officers.
+Added: and its directors and certain executive officers (previously filed as Exhibit 10.13 to the Company's Annual Report on Form 10-K for the fiscal year ended October 3, 2020, and incorporated herein by reference).
10.11 * Tyson Foods, Inc.
9 unchanged sentences
effective November 16, 2017 (previously filed as Exhibit 10.7 to the Company's Quarterly Report on Form 10-Q for the quarter ended December 30, 2017, and incorporated herein by reference).
−Removed: Amended and Restated Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective February 8, 2018 (previously filed as Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2018, and incorporated herein by reference).
+Added: 10.16 * Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan, amended and restated as of February 11, 2021 (previously filed as Exhibit A-1 to the Company’s Definitive Proxy Statement, filed with the Securities and Exchange Commission on December 23, 2020, and incorporated herein by reference).
10.17 * Amended and Restated Tyson Foods, Inc.
10 unchanged sentences
effective December 31, 2002 (previously filed as Exhibit 10.46 to the Company’s Annual Report on Form 10-K for the fiscal year ended September 27, 2008, and incorporated herein by reference).
−Removed: Form of Performance Shares Relative Total Shareholder Return Stock Incentive Award Agreement pursuant to which performance stock awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective November 28, 2016 (previously filed as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the period ended December 31, 2016, and incorporated herein by reference).
−Removed: Form of Performance Shares EBIT Stock Incentive Award Agreement pursuant to which performance stock awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective November 28, 2016 (previously filed as Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q for the period ended December 31, 2016, and incorporated herein by reference).
−Removed: Form of Restricted Stock Agreement pursuant to which restricted stock awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective January 1, 2010 (previously filed as Exhibit 10.41 to the Company’s Annual Report on Form 10-K for the fiscal year ended October 2, 2010, and incorporated herein by reference).
−Removed: Form of Restricted Stock Subject to Performance Criteria Stock Incentive Award Agreement pursuant to which restricted stock awards subject to performance criteria are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective November 28, 2016 (previously filed as Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q for the period ending December 31, 2016, and incorporated herein by reference).
−Removed: Form of Restricted Stock Incentive Award Agreement with contracted employees pursuant to which restricted stock awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective November 28, 2016 (previously filed as Exhibit 10.4 to the Company's Quarterly Report on Form 10-Q for the period ending December 31, 2016, and incorporated herein by reference).
−Removed: Form of Restricted Stock Incentive Award Agreement with non-contracted employees pursuant to which restricted stock awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective November 28, 2016 (previously filed as Exhibit 10.5 to the Company's Quarterly Report on Form 10-Q for the period ending December 31, 2016, and incorporated herein by reference).
10.23 * Form of Stock Options Incentive Award Agreement with contracted employees pursuant to which stock options awards are granted under the Tyson Foods, Inc.
2 unchanged sentences
2000 Stock Incentive Plan effective November 28, 2016 (previously filed as Exhibit 10.7 to the Company's Quarterly Report on Form 10-Q for the period ending December 31, 2016, and incorporated herein by reference).
−Removed: Form of Stock Option Grant Agreement pursuant to which stock option awards were granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan prior to July 31, 2009 (previously filed as Exhibit 10.49 to the Company’s Annual Report on Form 10-K for the fiscal year ended October 2, 2004, and incorporated herein by reference).
−Removed: Form of Stock Option Grant Agreement pursuant to which stock option awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective July 31, 2009, through February 3, 2010 (previously filed as Exhibit 10.43 to the Company’s Annual Report on Form 10-K for the fiscal year ended October 2, 2010, and incorporated herein by reference).
−Removed: Form of Stock Option Grant Agreement pursuant to which stock option awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective February 4, 2010 (previously filed as Exhibit 10.44 to the Company’s Annual Report on Form 10-K for the fiscal year ended October 2, 2010, and incorporated herein by reference).
−Removed: Form of Stock Option Grant Agreement with non-contracted employees pursuant to which stock option awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective November 29, 2010 (previously filed as Exhibit 10.40 to the Company's Annual Report on Form 10-K for the fiscal year ended October 1, 2011, and incorporated herein by reference).
10.25 * Form of Stock Option Grant Agreement with contracted employees at band level 1-5 pursuant to which stock option awards are granted under the Tyson Foods, Inc.
2 unchanged sentences
2000 Stock Incentive Plan effective November 29, 2010 (previously filed as Exhibit 10.42 to the Company's Annual Report on Form 10-K for the fiscal year ended October 1, 2011, and incorporated herein by reference).
−Removed: Form of Stock Option Grant Agreement with non-contracted employees pursuant to which stock option awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective November 28, 2011 (previously filed as Exhibit 10.46 to the Company's Annual Report on Form 10-K for the fiscal year ended September 29, 2012, and incorporated herein by reference).
10.27 * Form of Stock Option Grant Agreement with contracted employees at band level 1-5 pursuant to which stock option awards are granted under the Tyson Foods, Inc.
6 unchanged sentences
2000 Stock Incentive Plan effective October 26, 2012 (previously filed as Exhibit 10.50 to the Company's Annual Report on Form 10-K for the fiscal year ended September 29, 2012, and incorporated herein by reference).
−Removed: Form of Performance Stock Award Agreement pursuant to which performance stock awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective October 4, 2010 (previously filed as Exhibit 10.44 to the Company's Annual Report on Form 10-K for the fiscal year ended October 1, 2011, and incorporated herein by reference).
−Removed: Form of Performance Stock Award Agreement pursuant to which performance stock awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective October 3, 2011 (previously filed as Exhibit 10.52 to the Company's Annual Report on Form 10-K for the fiscal year ended September 29, 2012, and incorporated herein by reference).
−Removed: Form of Stock Incentive Agreement pursuant to which performance stock awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective October 26, 2012 (previously filed as Exhibit 10.53 to the Company's Annual Report on Form 10-K for the fiscal year ended September 29, 2012, and incorporated herein by reference).
10.31 * Form of Stock Incentive Award Agreement with contracted employees pursuant to which stock options awards are granted under the Tyson Foods, Inc.
2 unchanged sentences
2000 Stock Incentive Plan effective November 30, 2015 (previously filed as Exhibit 10.10 to the Company’s Quarterly Report on Form 10-Q for the period ended January 2, 2016, and incorporated herein by reference).
−Removed: Form of Stock Incentive Award Agreement with non-contracted employees pursuant to which stock options awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective November 30, 2015 (previously filed as Exhibit 10.11 to the Company’s Quarterly Report on Form 10-Q for the period ended January 2, 2016, and incorporated herein by reference).
10.33 * Tyson Foods, Inc.
9 unchanged sentences
2000 Stock Incentive Plan effective November 17, 2017 (previously filed as Exhibit 10.11 to the Company's Quarterly Report on Form 10-Q for the period ended December 30, 2017, and incorporated herein by reference).
−Removed: Form of Restricted Stock Incentive Award Agreement with non-contracted employees pursuant to which restricted stock awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective November 17, 2017 (previously filed as Exhibit 10.12 to the Company's Quarterly Report on Form 10-Q for the period ended December 30, 2017, and incorporated herein by reference).
10.39 * Form of Stock Options Incentive Award Agreement with contracted employees pursuant to which stock options awards are granted under the Tyson Foods, Inc.
2000 Stock Incentive Plan effective November 17, 2017 (previously filed as Exhibit 10.13 to the Company's Quarterly Report on Form 10-Q for the period ended December 30, 2017, and incorporated herein by reference).
−Removed: Form of Stock Options Incentive Award Agreement with non-contracted employees pursuant to which stock options awards are granted under the Tyson Foods, Inc.
−Removed: 2000 Stock Incentive Plan effective November 17, 2017 (previously filed as Exhibit 10.14 to the Company's Quarterly Report on Form 10-Q for the period ended December 30, 2017, and incorporated herein by reference).
10.40 * Form of Performance Shares - Operating Income - Stock Incentive Award Agreement pursuant to which performance shares are granted under the Tyson Foods, Inc.
52 unchanged sentences
2000 Stock Incentive Plan effective November 18, 2019 (previously filed as Exhibit 10.14 to the Company's Quarterly Report on Form 10-Q for the period ended December 28, 2019, and incorporated herein by reference).
+Added: 10.67 * Form of Stock Options (Contracted) - Stock Incentive Award Agreement pursuant to which stock option awards are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 202 1, and incorporate d herein by reference) .
+Added: 10.68 * Form of Stock Options (5+1) - Stock Incentive Award Agreement pursuant to which stock option awards are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.
+Added: 2 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.69 * Form of Stock Options (Director/Non-Contract) - Stock Incentive Award Agreement pursuant to which stock option awards are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.
+Added: 3 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.70 * Form of Stock Options (CEO Special) - Stock Incentive Aware Agreement pursuant to which stock option awards are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective October 5, 2020 (previously filed as Exhibit 10.
+Added: 4 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.71 * Form of Restricted Stock (Contracted) - Stock Incentive Award Agreement pursuant to which restricted share awards are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.
+Added: 5 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.72 * Form of Restricted Stock (Director/Non-Contract) - Stock Incentive Award Agreement pursuant to which restricted share awards are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.
+Added: 6 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.73 * Form of Restricted Stock (5+1) - Stock Incentive Award Agreement pursuant to which restricted stock awards are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.
+Added: 7 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.74 * Form of Performance Shares - Operating Income - Stock Incentive Award Agreement pursuant to which performance shares are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.
+Added: 8 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.75 * Form of Performance Shares - Operating Income (5+1) - Stock Incentive Award Agreement pursuant to which performance shares are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.
+Added: 9 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.76 * Form of Performance Shares - Total Shareholder Return - Stock Incentive Award Agreement pursuant to which performance shares are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.
+Added: 10 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.77 * Form of Performance Shares - Total Shareholder Return (5+1) - Stock Incentive Award Agreement pursuant to which performance shares are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.
+Added: 11 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.78 * Form of Restricted Stock (5+1 Special) - Stock Incentive Award Agreement pursuant to which restricted stock awards are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.
+Added: 12 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.79 * Form of Restricted Stock (Contracted Special) - Stock Incentive Award Agreement pursuant to which restricted stock awards are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.
+Added: 13 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.80 * Form of Restricted Stock (International Non-Contract) - Stock Incentive Award Agreement pursuant to which restricted share awards are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.
+Added: 1 4 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.81 * Form of Restricted Stock (International Contracted) - Stock Incentive Award Agreement pursuant to which restricted share awards are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective November 20, 2020 (previously filed as Exhibit 10.
+Added: 15 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
+Added: 10.82 * Form of Restricted Stock (Chairman and CEO Special) - Stock Incentive Aware Agreement pursuant to which restricted stock awards are granted under the Tyson Foods, Inc.
+Added: 2000 Stock Incentive Plan effective October 5, 2020 (previously filed as Exhibit 10.
+Added: 16 to the Company's Quarterly Report on Form 10-Q for the period ended January 2, 2021, and incorporate d herein by reference).
21 ** Subsidiaries of the Company.
16 unchanged sentences
Three years ended October 2, 2021
−Removed: Balance at End
−Removed: Allowance for Doubtful Accounts:
+Added: in millions Balance at
+Added: of Period Charged to
+Added: Expenses Charged to
+Added: Accounts (Deductions) Balance at End
+Added: Allowance for Credit Losses:
+Added: 2021 $ 26 $ 5 $ — $ ( 6 ) $ 25
+Added: 2020 21 9 — ( 4 ) 26
+Added: 2019 19 4 — ( 2 ) 21
Inventory Lower of Cost or Net Realizable Value Allowance:
+Added: 2021 $ 27 $ 79 $ — $ ( 59 ) $ 47
+Added: 2020 34 102 — ( 109 ) 27
+Added: 2019 25 61 — ( 52 ) 34
Valuation Allowance on Deferred Tax Assets:
+Added: 2021 $ 127 $ 24 $ — $ — $ 151
+Added: 2020 86 35 13 ( 7 ) 127
+Added: 2019 79 13 6 ( 12 ) 86
Form 10-K Summary
1 unchanged sentence
TYSON FOODS, INC.
−Removed: /s/ Stewart Glendinning
−Removed: November 16, 2020
+Added: /s/ Stewart Glendinning November 15, 2021
Stewart Glendinning
−Removed: Executive Vice President and Chief
−Removed: Financial Officer (Principal Financial Officer)
+Added: Executive Vice President and Chief Financial Officer (Principal Financial Officer)
/s/ Phillip W.
−Removed: November 16, 2020
+Added: Thomas November 15, 2021
Vice President, Controller and Chief Accounting Officer (Principal Accounting Officer)
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.
+Added: Baledge Director November 15, 2021
/s/ Gaurdie E.
−Removed: November 16, 2020
−Removed: November 16, 2020
−Removed: /s/ Dean Banks
−Removed: President and Chief Executive Officer
−Removed: November 16, 2020
−Removed: (Principal Executive Officer)
−Removed: /s/ Mike Beebe
−Removed: November 16, 2020
−Removed: November 16, 2020
−Removed: November 16, 2020
−Removed: /s/ Stewart Glendinning
−Removed: Executive Vice President and Chief Financial Officer
−Removed: November 16, 2020
−Removed: Stewart Glendinning
−Removed: (Principal Financial Officer)
+Added: Director November 15, 2021
+Added: /s/ Mike Beebe Director November 15, 2021
+Added: /s/ Maria Claudia Borras Director November 15, 2021
+Added: Maria Claudia Borras
+Added: Bronczek Director November 15, 2021
+Added: Durham Director November 15, 2021
+Added: /s/ Stewart Glendinning Executive Vice President and Chief Financial Officer November 15, 2021
+Added: Stewart Glendinning (Principal Financial Officer)
+Added: /s/ Donnie King President and Chief Executive Officer November 15, 2021
+Added: Donnie King (Principal Executive Officer)
/s/ Jonathan D.
−Removed: November 16, 2020
−Removed: Vice Chairman of the Board of Directors
−Removed: November 16, 2020
+Added: Mariner Director November 15, 2021
+Added: McNamara Vice Chairman of the Board of Directors November 15, 2021
/s/ Cheryl S.
−Removed: November 16, 2020
+Added: Miller Director November 15, 2021
/s/ Jeffrey K.
−Removed: November 16, 2020
+Added: Schomburger Director November 15, 2021
/s/ Phillip W.
−Removed: Vice President, Controller and Chief Accounting Officer
−Removed: November 16, 2020
−Removed: (Principal Accounting Officer)
+Added: Thomas Vice President, Controller and Chief Accounting Officer November 15, 2021
+Added: Thomas (Principal Accounting Officer)
/s/ Robert C.
−Removed: November 16, 2020
+Added: Thurber Director November 15, 2021
/s/ Barbara A.
−Removed: November 16, 2020
−Removed: /s/ John Tyson
−Removed: Chairman of the Board of Directors
−Removed: November 16, 2020
−Removed: /s/ Noel White
−Removed: Executive Vice Chairman of the Board of Directors
−Removed: November 16, 2020
+Added: Tyson Director November 15, 2021
+Added: Tyson Chairman of the Board of Directors November 15, 2021
+Added: /s/ Noel White Executive Vice Chairman of the Board of Directors November 15, 2021
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.