Pilgrim’s Pride (NASDAQ: PPC) investors approve board, pay, auditor at 2026 meeting
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Pilgrim’s Pride Corporation reported the results of its annual stockholder meeting held on April 29, 2026. Stockholders elected eight JBS Directors and two Equity Directors to the board. They also approved, on an advisory basis, the executive compensation program in the Say on Pay vote.
Stockholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 27, 2026. Two stockholder proposals, one requesting a report on internal diversity and inclusion policies and practices and another requesting a political spending disclosure, were both voted down.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Say on Pay for votes: 227,280,964 votes
KPMG ratification for votes: 231,705,153 votes
Diversity report proposal for votes: 2,245,060 votes
+5 more
8 metrics
Say on Pay for votes
227,280,964 votes
Stockholder advisory vote on executive compensation
KPMG ratification for votes
231,705,153 votes
Ratification of independent registered public accounting firm for FY ending Dec. 27, 2026
Diversity report proposal for votes
2,245,060 votes
Stockholder proposal on diversity and inclusion report
Diversity report proposal against votes
225,948,275 votes
Stockholder proposal on diversity and inclusion report
Political spending proposal for votes
14,482,172 votes
Stockholder proposal on political spending disclosure
Political spending proposal against votes
213,727,686 votes
Stockholder proposal on political spending disclosure
Raul Padilla for votes
227,825,028 votes
Election of JBS Director to the board
Arquimedes A. Celis for votes
224,067,393 votes
Election of Equity Director to the board
Key Terms
Say on Pay, broker non-votes, independent registered public accounting firm, stockholder advisory vote, +1 more
5 terms
Say on Pay financial
"A stockholder advisory vote on executive compensation (“Say on Pay”)."
Say on pay is a shareholder vote—typically nonbinding—on a company’s executive compensation package, allowing investors to approve or reject how top managers are paid. Think of it as a public performance review: widespread disapproval can signal poor governance, prompt changes to pay practices, attract activist investors, and influence investor confidence and share value. It matters because it gives owners a direct way to influence compensation that affects company incentives and long-term performance.
broker non-votes financial
"For | Against | Abstain | Broker Non-Votes 227,280,964 | 1,012,847 | 23,854 | 3,524,646"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"KPMG LLP as the independent registered public accounting firm of the Company"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
stockholder advisory vote financial
"A stockholder advisory vote on executive compensation (“Say on Pay”)."
stockholder proposal financial
"A stockholder proposal to provide a political spending disclosure."
FAQ
What did Pilgrim’s Pride (PPC) stockholders decide about board elections?
Stockholders elected all eight JBS Directors and both Equity Directors to the board. Candidates such as Raul Padilla and Arquimedes A. Celis received strong support, with over 217 million votes each in favor and broker non-votes recorded separately.
How did Pilgrim’s Pride (PPC) stockholders vote on Say on Pay?
Stockholders approved Pilgrim’s Pride’s executive compensation on an advisory basis. The Say on Pay proposal received 227,280,964 votes for, 1,012,847 against, and 23,854 abstentions, with 3,524,646 broker non-votes reported separately from the advisory result.
Was KPMG LLP ratified as Pilgrim’s Pride (PPC) auditor?
Yes. Stockholders ratified KPMG LLP as Pilgrim’s Pride’s independent registered public accounting firm for the fiscal year ending December 27, 2026, with 231,705,153 votes for, 109,149 against, and 28,009 abstentions in the auditor ratification vote.
What happened to Pilgrim’s Pride (PPC) diversity and inclusion report proposal?
Stockholders voted against the proposal requesting a report on internal diversity and inclusion policies and practices. The measure received 2,245,060 votes for and 225,948,275 votes against, with 124,330 abstentions and 3,524,646 broker non-votes recorded in the results.
How did Pilgrim’s Pride (PPC) stockholders vote on political spending disclosure?
Stockholders rejected the proposal for a political spending disclosure report. The item received 14,482,172 votes for, 213,727,686 votes against, and 107,807 abstentions, along with 3,524,646 broker non-votes reported separately from the main voting totals.
Which Pilgrim’s Pride (PPC) director nominees received the highest support?
Among JBS Directors, Raul Padilla received 227,825,028 votes for and 492,637 withheld. Among Equity Directors, Arquimedes A. Celis received 224,067,393 votes for and 4,250,272 withheld, both with 3,524,646 broker non-votes noted in the tabulations.