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Tyson Foods logoTyson Foods TSN

The company said John R. Tyson, its Executive Vice President and Chief Financial Officer, was suspended from his duties effective immediately on June 13, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said John R. Tyson, its Executive Vice President and Chief Financial Officer, was suspended from his duties effective immediately on June 13, 2024.

  2. The company said Curt Calaway will serve as interim Chief Financial Officer. Mr. Calaway, 50, most recently served as Chief Financial Officer for the Prepared Foods business segment and also held responsibility for M&A and corporate development.

  3. Tyson Foods said Mr. Calaway was appointed Senior Vice President of Finance and Treasurer in April 2021, where he led Investor Relations, Treasury, Corporate FP&A, and M&A and corporate development, among other functions. It said he spent 18 years with the company in roles including Controller and Chief Accounting Officer.

  4. The company said Mr. Calaway has no arrangements or understandings with any person related to his selection as an officer and has no family relationships with any of its directors or executive officers. The statement announcing Mr. Tyson's suspension is furnished as Exhibit 99.1.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Chief Financial Officer Suspended

The company said John R. Tyson, its Executive Vice President and Chief Financial Officer, was suspended from his duties effective immediately on June 13, 2024.

Source · Based on the filing body and exhibits

Curt Calaway Named Interim Chief Financial Officer

The company said Curt Calaway will serve as interim Chief Financial Officer. Mr. Calaway, 50, most recently served as Chief Financial Officer for the Prepared Foods business segment and also held responsibility for M&A and corporate development.

Source · Based on the filing body and exhibits

Calaway's Career at the Company

Tyson Foods said Mr. Calaway was appointed Senior Vice President of Finance and Treasurer in April 2021, where he led Investor Relations, Treasury, Corporate FP&A, and M&A and corporate development, among other functions. It said he spent 18 years with the company in roles including Controller and Chief Accounting Officer.

Source · Based on the filing body and exhibits

No Related Interests in Appointment; Exhibit 99.1

The company said Mr. Calaway has no arrangements or understandings with any person related to his selection as an officer and has no family relationships with any of its directors or executive officers. The statement announcing Mr. Tyson's suspension is furnished as Exhibit 99.1.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.