A shareholder request for a report on Tyson Foods sustainable packaging efforts was turned down during a vote at the Tyson Foods Virtual Annual Meeting, held on February 10.
The matter was voted upon by Tyson Foods shareholders, and it was denied by a margin of about 294 million to 125 million, with roughly 1.2 million abstained votes, according to a United States Securities and Exchange Commission (SEC) filing. The filing did not offer specific information about the request.
The company opted to go to an all-virtual meeting format, citing concerns related to the COVID-19 pandemic.
Voting of board members
Also during the meeting, the following people were elected to terms on the Tyson Foods Board of Directors: John H. Tyson, Les R. Baledge, Mike Beebe, Maria Claudia Borras, David J. Bronczek, Mikel A. Durham, Donnie King, Jonathan D. Mariner, Kevin M. McNamara, Cheryl S. Miller, Jeffrey K. Schomburger, Barbara A. Tyson and Noel White.
Borras, executive vice president of Oilfield Services at international energy technology company Baker Hughes, received the most votes with 904,306,566 votes, while Baledge, who served as Tyson Foods’ executive vice president and general counsel from 1999 to 2004, received the fewest votes at 868,323, 391.
Donnie King, current president and CEO of Tyson Foods, received 896,177,042 votes, while Noel White, who served as the company’s president and CEO from 2018 to 2020, received 904,306,566 votes.
In other business, the shareholders ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent auditor for the fiscal year ending October 1, 2022. That vote easily passed.
Headquartered in Springdale, Arkansas, Tyson Foods is the largest poultry producer in the United States and the country’s fifth largest turkey producer. The company is also a major producer of pork and beef, and has established a presence in the alternative protein market.
