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    Donnie King

    President and Chief Executive Officer at Tyson Foods Inc
    Board
    Since June 2, 2021
    Age
    62 years
    Tenure
    Joined TSN in 1984 following the acquisition of Valmac Industries, returned in February 2019 after a period of self-employment, held multiple leadership roles including Group President in various segments, and was promoted to President and Chief Executive Officer in June 2021.

    Also at Tyson Foods Inc

    AD
    Adam Deckinger
    General Counsel and Secretary
    BS
    Brady Stewart
    Group President, Beef, Pork, and Supply Chain
    CC
    Curt Calaway
    Chief Financial Officer

    About

    Donnie King has built a remarkable career in the food industry over the past 39 years, developing deep expertise and a strategic approach that has benefited the company at multiple levels. His journey began with early experience at Valmac Industries, which eventually became part of TSN, laying the foundation for a lifelong commitment to excellence in the sector.

    Over the years, he has progressed through several pivotal roles at TSN, including positions as Group President for International operations, North American Operations, and as Chief Operating Officer. His return to the company in February 2019 marked a significant turnaround after a period of self-employment, and he quickly took on increasing responsibilities that underscored his leadership capabilities.

    Since being appointed President and Chief Executive Officer on June 2, 2021, King has continued to steer TSN through an ever-evolving industry landscape. In addition to his executive leadership, his appointment to the Board of Directors in 2022 further emphasizes the trust placed in his vision and management prowess, ensuring robust governance and sustained growth for the organization.

    $TSN Performance Under Donnie King

    Past Roles

    Organization Role Date Range Details
    Tyson Foods (TSN) Chief Operating Officer Feb 2021 - Jun 2021 Held prior to appointment as CEO
    Tyson Foods (TSN) Group President, Poultry Sep 2020 - Feb 2021 Preceded CEO appointment
    Tyson Foods (TSN) Group President, International and Chief Administration Officer Feb 2019 - Sep 2020
    Tyson Foods (TSN) Group President, International Jan 2019 - Feb 2020
    Self-employed Self-employed 2017 - 2019
    Tyson Foods (TSN) President, North American Operations 2015 - 2016
    Tyson Foods (TSN) President, North American Operations and Foodservice 2014
    Valmac Industries Employee 1982 - Acquired in 1984 Initial employment before acquisition by TSN

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,650,000AnnualAmended in 2024 to incentivize CEO retention
    Reimbursement of Taxes$86,595As incurred/AnnualPart of All Other Compensation breakdown
    Executive Life Insurance Premiums$6,293As incurredPart of All Other Compensation
    Employee Stock Purchase Plan Contribution$36,010As incurredPart of All Other Compensation
    Executive Savings Plan Contribution$313,098As incurredPart of All Other Compensation
    Retirement Savings Plan Contribution$13,800As incurredPart of All Other Compensation
    Perquisites (e.g., Company-owned aircraft)$108,847As accruedIncludes personal use of Company aircraft and related benefits

    Performance Compensation

    Data from  FY 2024

    Non-Equity Incentive Plan Compensation

    Metric [USD]ValueNotes
    Threshold$1,400,000Cash award threshold
    Target$2,800,000Cash award target
    Maximum$5,600,000Cash award cap
    Grant DateJanuary 31, 2024Effective date for cash award
    Vesting/PaymentBased on annual resultsNo vesting schedule as it is cash-based

    Equity Incentive Plan Awards

    Metric [Value]ValueNotes
    AOI Threshold$3.071 billion / 28,210 sharesPerformance level for award
    AOI Target$4.095 billion / 56,421 sharesTarget performance level
    AOI Maximum$5.119 billion / 112,843 sharesMaximum performance level
    rTSR Threshold28,210 sharesBased on S&P 500 Consumer Staples Index
    rTSR Target56,421 sharesTarget shareholder return level
    rTSR Maximum112,843 sharesMaximum shareholder return level
    Grant DateNovember 17, 2023Award effective date
    Grant Date Fair Value$5,626,949Combined fair value for awards
    Grant Date Stock Price$48.74Used as exercise price for related options
    Vesting ScheduleFiscal years 2024–2026Vests based on achievement of performance metrics

    Performance Stock Awards

    Metric [USD or Shares]ValueNotes
    Shares Awarded (Threshold)28,210 sharesBased on AOI and rTSR thresholds
    Shares Awarded (Target)56,421 sharesTarget award level
    Shares Awarded (Maximum)112,843 sharesMaximum award level
    Grant DateNovember 17, 2023Same as Equity Incentive Plan Awards
    Grant Date Fair Value$5,626,949Fair value for performance-based awards
    Vesting ScheduleAt end of fiscal 2024–2026 periodVesting upon achievement of performance measures
    Additional Note50% of annual long-term incentive compensationRepresents a substantial component of long-term incentives

    Annual Performance Incentive Programs

    ComponentThresholdTargetMaximumEvaluation PeriodAdditional Details
    Adjusted Operating Income (AOI)$870 million (50% of payments)$1.161 billion (100% of payments)$1.451 billion (200% of payments)Fiscal Year 2024Combines cash incentives with elements of equity metrics
    Supplemental Performance Stock AwardsN/ABased on AOI achievementN/AFiscal Year 2024Fair value of $3,300,000; vests 50% on first and 50% on second anniversary
    Overall Combined Equity AwardsSee Equity Incentive details aboveSee Equity Incentive details aboveSee Equity Incentive details aboveFiscal Years 2024–2026Total grant date fair value of $8,926,949 (combined awards)