Tyson Foods AGM Results
Shareholder proposal regarding child labor audit receives majority support from *Class A* shareholders
As many of you know, Tyson Foods (TSN) is a dual-class company: Each Class B share—of which 99.99% is owned by Tyson Limited Partnership—carries 10 votes, while Class A shares are 1:1.
The support percentages below discount Class B shares from the AGM vote tallies and are, thus, for illustrative purposes only.
Director elections:
Governance & Nominating Committee Chair David J. Bronczek - 51.4% of voting Class A investors
Former Gov & Nom Comm Chair Les R. Baledge - 57.1% of voting Class A investors
From the Def 14A:
During fiscal year 2023, all members of the Governance and Nominating Committee were independent directors. After the end of the fiscal year, in connection with Mr. Baledge’s appointment as one of the trustees of the Donald J. Tyson Revocable Trust, he became a non-voting member of the committee. On November 16, 2023, Mr. Bronczek was appointed as Chairperson of the Governance and Nominating Committee.
Shareholder proposals:
Shareholder proposal requesting that the Company conduct an evaluation and issue a report on how its lobbying aligns with the Company's science-based targets and long term net zero ambitions:
44% of voting Class A investors
Shareholder proposal requesting that the Company commission an independent third-party audit assessing the effectiveness of the Company's policies and practices in preventing illegal child labor:
**52.3%** of voting Class A investors
Find solicitation from proponent here:
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