Other Information
−Removed: On January 29, 2025, the Company used cash on hand to repay all outstanding obligations under the Company’s Term Loan Agreement, dated as of May 3, 2023 (the “Term Loan Agreement”), with the lenders from time to time party thereto, Bank of America, N.A., as administrative agent, and BofA Securities, Inc., as lead arranger, pursuant to which there was a $750 million term loan outstanding.
−Removed: Upon the repayment in full of all outstanding obligations thereunder, the Term Loan Agreement and all commitments thereunder were terminated.
−Removed: The Term Loan Agreement was previously described in Item 5 of the Company’s Quarterly Report on Form 10-Q filed on May 8, 2023, which description is hereby incorporated by reference.
Director and Officer Trading Arrangements
−Removed: None of the Company's directors or executive officers adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the Company's quarter ended December 28, 2024.
+Added: None of the Company's directors or executive officers adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the Company's quarter ended March 29, 2025.
The Exhibit Index below contains a list of exhibits filed or furnished with this Form 10-Q.
Exhibit Description
−Removed: ** Form of Restricted Stock Units – Stock Incentive Award Agreement, effective November 17, 2024, pursuant to which restricted stock unit awards are granted under the Tyson Foods, Inc.
−Removed: Stock Incentive Plan.
−Removed: ** Form of Restricted Stock Units (Non-US) – Stock Incentive Award Agreement, effective November 17, 2024, pursuant to which restricted stock unit awards are granted under the Tyson Foods, Inc.
−Removed: Stock Incentive Plan.
−Removed: ** Form of Restricted Stock Units (2-year graded vesting) – Stock Incentive Award Agreement, effective November 17, 2024, pursuant to which restricted stock unit awards are granted under the Tyson Foods, Inc.
−Removed: Stock Incentive Plan.
−Removed: ** Form of Restricted Stock Units (3-year graded vesting) – Stock Incentive Award Agreement, effective November 17, 2024, pursuant to which restricted stock unit awards are granted under the Tyson Foods, Inc.
−Removed: Stock Incentive Plan.
−Removed: ** Form of Restricted Stock Units (CEO) – Stock Incentive Award Agreement, effective November 17, 2024, pursuant to which restricted stock unit awards are granted under the Tyson Foods, Inc.
−Removed: Stock Incentive Plan.
−Removed: ** Form of Performance Shares (Adjusted EBITDA – CEO) – Stock Incentive Award Agreement, effective November 17, 2024, pursuant to which performance share awards are granted under the Tyson Foods, Inc.
−Removed: Stock Incentive Plan.
−Removed: ** Form of Performance Shares (Operating Income) – Stock Incentive Award Agreement, effective November 17, 2024, pursuant to which performance share awards are granted under the Tyson Foods, Inc.
−Removed: Stock Incentive Plan.
−Removed: ** Form of Performance Shares (rTSR) – Stock Incentive Award Agreement, effective November 17, 2024, pursuant to which performance share awards are granted under the Tyson Foods, Inc.
−Removed: Stock Incentive Plan.
−Removed: ** Form of Stock Options (3-year graded vesting) – Stock Incentive Award Agreement, effective November 17, 2024, pursuant to which stock option awards are granted under the Tyson Foods, Inc.
−Removed: Stock Incentive Plan.
−Removed: ** Form of Restricted Stock Units (Chairman) – Stock Incentive Award Agreement, effective November 17, 2024, pursuant to which restricted stock unit awards are granted under the Tyson Foods, Inc.
−Removed: Stock Incentive Plan.
−Removed: ** Form of Deferred Restricted Stock Units (Non-Employee) – Stock Incentive Award Agreement, effective November 17, 2024, pursuant to which deferred restricted stock units are granted under the Tyson Foods, Inc.
+Added: ** Form of First Amendment to Stock Incentive Award Agreement, effective March 7, 2025, pursuant to which restricted stock unit awards are granted under the Tyson Foods, Inc.
Stock Incentive Plan.
−Removed: ** Amended and Restated Executive Savings Plan, effective January 1, 2025.
−Removed: ** Retention Agreement, dated February 9, 2024, between the Company and Wes Morris.
31.1 ** Certification of Chief Executive Officer pursuant to SEC Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
4 unchanged sentences
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: 101 The following information from our Quarterly Report on Form 10-Q for the quarter ended December 28, 2024, formatted in iXBRL (inline eXtensible Business Reporting Language):
+Added: 101 The following information from our Quarterly Report on Form 10-Q for the quarter ended March 29, 2025, formatted in iXBRL (inline eXtensible Business Reporting Language):
(i) Consolidated Condensed Statements of Income, (ii) Consolidated Condensed Statements of Comprehensive Income, (iii) Consolidated Condensed Balance Sheets, (iv) Consolidated Condensed Statements of Shareholders' Equity, (v) Consolidated Condensed Statements of Cash Flows, and (vi) the Notes to Consolidated Condensed Financial Statements.
5 unchanged sentences
TYSON FOODS, INC.
−Removed: February 3, 2025 /s/ Curt T.
+Added: May 5, 2025 /s/ Curt T.
Chief Financial Officer
−Removed: February 3, 2025 /s/ Lori J.
+Added: May 5, 2025 /s/ Lori J.
Senior Vice President and Chief Accounting Officer
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.