SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 1, 2021
PILGRIM'S PRIDE CORPORATION
(Exact Name of registrant as specified in its charter)
|(State or other jurisdiction of|
incorporation or organization)
|(Commission File Number)||(IRS Employer Identification No.)|
|1770 Promontory Circle||80634-9038|
|(Address of principal executive offices)|
Registrant's telephone number, including area code: (970) 506-8000
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class||Trading Symbol||Name of Exchange on Which Registered|
|Common Stock, Par Value $0.01||PPC||The Nasdaq Stock Market LLC|
(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:
☐ 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))
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company ||☐|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On May 30, 2021, the Registrant determined that it was the target of an organized cybersecurity attack. The Registrant took immediate action, suspending all affected systems, notifying authorities, and activating its network of IT professionals and third-party experts to resolve the situation.
On June 1, 2021, the Registrant issued a press release updating the situation, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
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.
| ||PILGRIM’S PRIDE CORPORATION|
|Date: ||June 1, 2021||/s/ Matthew Galvanoni|
| ||Matthew Galvanoni|
Senior Vice President and Chief Financial Officer
JBS USA and Pilgrim's Announce Progress in Resolving Cyberattack
GREELEY, Colo., June 01, 2021 (GLOBE NEWSWIRE) – Today, JBS USA and Pilgrim's announced significant progress in resolving the cyberattack that has impacted the company's operations in North America and Australia. Operations in Mexico and the UK were not impacted and are conducting business as normal.
“JBS USA and Pilgrim's are a critical part of the food supply chain and we recognize our responsibility to our team members, producers and consumers to resume operations as soon as possible,” said Andre Nogueira, JBS USA CEO. “Our systems are coming back online and we are not sparing any resources to fight this threat. We have cybersecurity plans in place to address these types of issues and we are successfully executing those plans. Given the progress our IT professionals and plant teams have made in the last 24 hours, the vast majority of our beef, pork, poultry and prepared foods plants will be operational tomorrow.”
In the U.S. today, JBS USA and Pilgrim's were able to ship product from nearly all of its facilities to supply customers. The company also continues to make progress in resuming plant operations in the U.S. and Australia. Several of the company's pork, poultry and prepared foods plants were operational today and its Canada beef facility resumed production.
JBS USA has received strong support from the U.S., Australian and Canadian governments, conducting daily calls with officials in an effort to safeguard the food supply.
“I want to personally thank the White House, the U.S. Federal Bureau of Investigation, the U.S. Department of Agriculture, and the Australian and Canadian governments for their assistance over the last two days,” Nogueira added.
The company is not aware of any evidence at this time that any customer, supplier or employee data has been compromised.