Tyson Foods Extends John H. Tyson Employment Deal Through 2029 With $6 Million Long-Term Incentive Target
Updated
Updated · TradingView · Jun 18
Tyson Foods Extends John H. Tyson Employment Deal Through 2029 With $6 Million Long-Term Incentive Target
1 articles · Updated · TradingView · Jun 18
Summary
June 17’s new agreement commits John H. Tyson to remain employed at Tyson Foods through Sept. 30, 2029, replacing his prior employment contract.
The board’s independent directors reviewed and approved the deal, which keeps Tyson eligible for annual incentives at a 300% target and long-term incentives with a $6 million annual target.
John H. Tyson remains chairman of the board while also serving as an employee under the amended contract, with compensation and security provisions specified in the filing.
The extension, disclosed in an 8-K on June 18, updates an employment arrangement that had previously dated back to Nov. 9, 2017.