UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): December 17,
2007
PILGRIM'S
PRIDE CORPORATION
(Exact
Name of Registrant as Specified in its Charter)
Delaware 1-9273
75-1285071
(State
or Other
Jurisdiction (Commission
(IRS
Employer
of
Incorporation)
File
Number) Identification
No.)
4845
US Hwy. 271
N.
Pittsburg,
Texas 75686-0093
(Address
of Principal
Executive
Offices) (ZIP
Code)
Registrant's
telephone number, including area code: (903)
434-1000
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
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:
q Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
q Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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q
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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q
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
December 17, 2007, Pilgrim's Pride Corporation (the "Company") announced that
O.B. Goolsby Jr., President, Chief Executive Officer and a Director of the
Company passed away after suffering a massive stroke.
On
December 17, 2007, the Board elected
Lonnie Ken Pilgrim, Chairman of the Board, to serve as interim President of
the
Company until the Board elects a new President and Chief Executive
Officer. Information regarding Mr. Pilgrim's employment history,
compensatory arrangements and other matters has been disclosed by the Company
in
its Definitive Proxy Statement filed with the Securities and Exchange Commission
on December 4, 2007. Mr. Pilgrim's compensation has not changed as a result
of
his interim appointment.
The
Board has formed a Search Committee
of the Board of Directors to assist in its search for a new President and Chief
Executive Officer. The members of the Search Committee are Lonnie Ken Pilgrim,
Chairman, S. Key Coker, Keith W. Hughes, Blake D. Lovette and Vance C. Miller,
Sr. No timeline has been set for a decision.
SIGNATURES
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, thereunto
duly authorized.
PILGRIM'S PRIDE CORPORATION
Date: December
19, 2007
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By:
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/s/
Richard A. Cogdill
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Chief
Financial Officer, Secretary and Treasurer
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