Corporate GovernanceJun 18, 2026, 04:42 PM
Tyson Foods Chairman John H. Tyson's New Pact: $3.5M Salary, $40M Bonus
AI Summary
Tyson Foods, Inc. entered into a Third Amended and Restated Employment Agreement with John H. Tyson, Chairman of the Board, replacing his previous agreement. The new agreement commits Mr. Tyson to the company until at least September 30, 2029, with automatic three-year renewals. It includes an annual base salary of $3,500,000, eligibility for annual and long-term incentive programs, and a one-time $40,000,000 cash payment.
Key Highlights
- John H. Tyson's employment agreement renewed for an initial term until September 30, 2029.
- Annual base salary set at $3,500,000.
- Eligible for annual incentive target of 300% of base salary.
- Annual long-term incentive target grant value of $6,000,000.
- Received a one-time incentive cash payment of $40,000,000.
- Entitled to 300 hours annually of company aircraft use for non-passenger flights.
- Continued Supplemental Executive Retirement Plan benefit of approximately $175,000 annually.
- Non-compete restriction for 24 months post-termination or until September 30, 2031.
Price Impact
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