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    Tyson Foods Inc (TSN)

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    Tyson Foods, Inc. (TSN) is one of the world's largest food companies, recognized as a leader in protein production, operating in four main segments: Beef, Pork, Chicken, and Prepared Foods. The company processes and markets a variety of meat products, including beef, pork, and chicken, as well as frozen and refrigerated prepared foods, to domestic and international markets . Tyson Foods' product lines feature well-known brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp®, and State Fair® . In fiscal 2024, Tyson Foods reported total sales of $53.309 billion, with Walmart Inc. being its largest customer, accounting for 18.4% of consolidated sales .

    1. Beef - Processes live fed cattle into meat cuts and case-ready products for various markets.
    2. Chicken - Involves raising and processing chickens into fresh, frozen, and value-added products.
    3. Prepared Foods - Manufactures and markets frozen and refrigerated food products.
    4. Pork - Processes live market hogs into meat cuts for distribution.
    NamePositionStart DateShort Bio
    John H. TysonChairman of the Board of Directors1984John H. Tyson has been a member of the Board of Directors since 1984 and has served as Chairman since 1998. He was CEO from 2000 until 2006 .
    Lori BondarSenior Vice President and Chief Accounting OfficerDecember 2023Lori Bondar was appointed as Senior Vice President and Chief Accounting Officer in December 2023. She joined Tyson Foods in September 2023 .
    Melanie BouldenChief Growth OfficerFebruary 2023Melanie Boulden was appointed as Chief Growth Officer in February 2023. She also served as Group President, Prepared Foods from September 2023 to September 2024 .
    Curt CalawayChief Financial OfficerAugust 29, 2024Curt Calaway became CFO on August 29, 2024, after serving as interim CFO since June 2024. He has been with Tyson Foods since 2006 .
    Devin ColePresident, International & Global McDonald'sJuly 2024Devin Cole was appointed as President, International & Global McDonald's in July 2024. He has a long history with Tyson Foods, having worked there from 1995 to 2014 .
    Adam DeckingerGeneral Counsel and SecretaryJanuary 2023Adam Deckinger was appointed as General Counsel and Secretary in January 2023. He joined Tyson Foods in April 2018 .
    Jacqueline HansonChief People OfficerJanuary 2024Jacqueline Hanson was appointed as Chief People Officer in January 2024. She was previously the HR Senior Vice President for Poultry, Cobb, McDonald's, and International .
    Donnie KingPresident and Chief Executive OfficerJune 2021Donnie King has served as President and CEO since June 2021. He has held various senior leadership roles within the company since joining in 1984 .
    Wes MorrisGroup President, PoultryJanuary 2023Wes Morris was appointed as Group President, Poultry in January 2023. He was previously a consultant to the company starting in October 2020 .
    Kyle NarronGroup President, Prepared FoodsOctober 2024Kyle Narron was appointed as Group President, Prepared Foods in October 2024. He was previously Senior Vice President of Pork and Prepared Foods .
    Brady StewartGroup President, Beef, Pork and Chief Supply Chain OfficerAugust 2023Brady Stewart was appointed as Group President, Beef, Pork and Chief Supply Chain Officer in August 2023. He joined as Group President, Fresh Meats in January 2023 .
    John R. TysonExecutive Vice PresidentN/AJohn R. Tyson is the Executive Vice President. He was previously the Executive Vice President and CFO from October 2022 to June 2024 .
    Maria N. MartinezBoard of Directors MemberJune 14, 2024Maria N. Martinez serves as a Director on the Board of Directors. Her initial statement of beneficial ownership of securities was filed on June 14, 2024 .
    1. Given the ongoing challenges in your Beef segment due to compressed spreads and a lack of herd rebuilding, what specific strategies are you implementing to navigate the current cattle cycle, and how confident are you in your ability to stabilize profitability in this area?

    2. Despite highlighting operational improvements in your Chicken and Prepared Foods segments, how do you plan to sustain these efficiencies amid potential market volatility and rising input costs, and what measures are in place to mitigate these risks?

    3. With your focus on disciplined capital allocation and managing CapEx, how are you balancing investments in growth initiatives like expanding your fully cooked portfolio and digital capabilities with the need to reduce leverage and return cash to shareholders?

    4. Considering the network optimization initiatives and plant closures you've executed, do you anticipate further consolidation or restructuring within your operations, and how might this impact your capacity to meet customer demand and maintain service levels?

    5. You’ve emphasized the use of big data, predictive analytics, and AI for operational excellence and consumer insights; can you provide specific examples of how these technologies have materially improved your performance, and what challenges have you encountered in their implementation?

    Program DetailsProgram 1
    Approval DateFebruary 7, 2003
    End Date/DurationNo fixed termination date
    Total Additional Amount110 million shares
    Remaining Authorization7.3 million shares
    DetailsShares are repurchased based on factors like working capital needs, market conditions, and regulatory requirements. Purchases also fund obligations under equity compensation plans.
    YearAmount Due [Millions]Debt TypeInterest Rate [%]% of Total Debt
    2026750Term Loan FacilityN/A7.6% = (750 / 9,806) * 100
    2028750Term Loan FacilityN/A7.6% = (750 / 9,806) * 100
    20296005.40% Senior Unsecured Notes5.406.1% = (600 / 9,806) * 100
    20349005.70% Senior Unsecured Notes5.709.2% = (900 / 9,806) * 100
    CustomerRelationshipSegmentDetails
    Walmart Inc.
    Major retailer purchasing Tyson’s products across all segments
    All
    Approx. $9,809 million in sales for fiscal 2024 (18.4% of total sales) and approx. $373 million in net A/R (15.5% of total net accounts receivable).
    NameStart DateEnd DateReason for Change
    PricewaterhouseCoopers LLP2009 PresentCurrent auditor