UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): May 12, 2011
Tyson Foods, Inc.
(Exact name of Registrant as specified in its charter)
Delaware
(State of incorporation or organization)
001-14704
(Commission File Number)
71-0225165
(IRS Employer Identification No.)
2200 Don Tyson Parkway, Springdale, AR 72762-6999
(479) 290-4000
(Address, including zip code, and telephone number, including area code, of
Registrant’s principal executive offices)
Not applicable
(Former name, former address and former fiscal year, if applicable)
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On May 11, 2011, the board of directors Tyson Foods, Inc. (the “Company”) reactivated a program, effective immediately, to repurchase up to approximately 22.5 million shares of the Company’s Class A common stock.
The program permits the Company to purchase shares through a variety of methods, including in the open market or through privately negotiated transactions, in accordance with applicable securities laws. It does not obligate the Company to make any repurchases at any specific time or situation. The timing and extent to which the Company repurchases its shares will depend upon, among other things, market conditions, liquidity targets, the Company's debt obligations, and regulatory requirements. The Company intends to begin repurchasing shares during its fiscal third quarter of 2011; however, the amount to be repurchased during this quarter is expected to be less than 25% of the total authorization. Decisions to repurchase additional shares in subsequent quarters will also be made based upon the factors identified above.
The program may be suspended or discontinued any time.
Forward-Looking Statements
Certain information contained herein may constitute forward-looking statements, such as statements relating to the projected amount of repurchased stock. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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TYSON FOODS, INC.
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Date: May 12, 2011
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By:
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/s/ R. Read Hudson
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Name:
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R. Read Hudson
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Title:
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Vice President, Associate General
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Counsel and Secretary
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