PILGRIMS PRIDE CORP

proxy statement disclosing that the Company’s board of directors (the “Board”) approved an amendment to the Company’s certificate of incorporation (the “Charter Amendment”) and entered into a Tax Sharing Agreement with JBS (the “Tax Sharing Agreement”). The Company also scheduled a special stockholder meeting for December 4, 2024, to vote on the proposed Charter Amendment. The Charter Amendment provided that, for so long as JBS owned at least 80% of the outstanding shares of the Company’s stock (it did at that time, and continued to do so at the time of the Stipulation), the size of the Board would be set at ten directors and JBS would have the right to elect eight directors. The Tax Sharing Agreement provided the terms under which JBS would share a portion of its tax savings with Pilgrim’s Pride. 5. On December 10, 2024, Pilgrim’s Pride filed a definitive proxy statement and rescheduled the