-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EGt6qGwh3iKgIRqlwPIbMsGgEvSPfPW6E6cLEFFC81DSniuIF0EnxsWREAJng4uF 3x3Ws3Vs40bysynaZ7m/FA== 0000100493-06-000019.txt : 20060222 0000100493-06-000019.hdr.sgml : 20060222 20060222095139 ACCESSION NUMBER: 0000100493-06-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060222 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20060222 DATE AS OF CHANGE: 20060222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TYSON FOODS INC CENTRAL INDEX KEY: 0000100493 STANDARD INDUSTRIAL CLASSIFICATION: POULTRY SLAUGHTERING AND PROCESSING [2015] IRS NUMBER: 710225165 STATE OF INCORPORATION: DE FISCAL YEAR END: 0927 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14704 FILM NUMBER: 06634834 BUSINESS ADDRESS: STREET 1: 2210 W OAKLAWN DR CITY: SPRINGDALE STATE: AR ZIP: 72762-6999 BUSINESS PHONE: 5012904000 MAIL ADDRESS: STREET 1: P O BOX 2020 STREET 2: P O BOX 2020 CITY: SPRINGDALE STATE: AR ZIP: 72765-2020 8-K 1 form8k_022206.htm TYSON FOODS, INC. - FORM 8-K

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): February 21, 2006

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.)

 

2210 West Oaklawn Drive, 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):

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-

 

2(b))

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-

 

                4(c))

 



 

 

Item 7.01.

Regulation FD Disclosure

 

On February 21, 2006, Tyson Foods, Inc. (the “Company”) issued a press release regarding the Company’s presentation at the Consumer Analyst Group of New York 2006 Conference on February 21, 2006. The webcast of the presentation will be archived on the website http://ir.tysonfoodsinc.com. The press release is furnished herewith as Exhibit 99.1 and incorporated by reference herein.

 

Limitation on Incorporation by Reference

 

The information disclosed in this report pursuant to Item 7.01, including the exhibit attached hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.

 

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.

 

 

Tyson Foods, Inc.

 

 

 

Date: February 22, 2006

By:

/s/ Craig J. Hart

 

Name:

Craig J. Hart

 

Title:

Senior Vice President, Controller and

 

 

Chief Accounting Officer

 

 

 

 

 

 

 



 

 

Tyson Foods, Inc.

Current Report On Form 8-K

Dated February 22, 2006

 

EXHIBIT INDEX

 

Exhibit
Number


Description

 

 

99.1

Press Release dated February 21, 2006, regarding the Company’s presentation at the Consumer Analyst Group of New York 2006 Conference.

 

 

 

 

 

 

 

 

EX-99 2 exhibit991.htm PRESS RELEASE

Exhibit 99.1

 

Tyson Foods CEO Presents to CAGNY

 

SCOTTSDALE, Ariz., Feb. 21 /PRNewswire-FirstCall/ -- Tyson Foods, Inc. (NYSE: TSN) said in a presentation to the Consumer Analyst Group of New York (CAGNY) this evening its Powered by Tyson™ marketing campaign has raised consumer awareness of Tyson branded products.

 

"Brand awareness in chicken is up to 99 percent," Tyson Chairman and CEO John Tyson said. "We're number one in brand awareness in chicken and beef and number two in pork. Before the Powering campaign started, consumers didn't connect the Tyson brand to beef or pork. We've gone from nothing to a 72 percent brand awareness of Tyson beef and 71 percent with Tyson pork."

 

Tyson reiterated the Company's business strategy, which is to increase value-added products, improve operational efficiencies and expand its international business. He went on to say, in addition to adding value to products, Tyson Foods adds value with people and services. For example, the Company has several initiatives to develop Tyson Team Members to have the right person in the right job now and in the future. Their expertise enables the Company to provide industry leading service along with its innovative value-added products. Tyson's Discovery Center, which will be completed later this year, will provide the facilities to bring together service and innovation in one location. This will include product development, consumer research and test production in all three proteins.

 

For decades, Tyson Foods has been the leader in value-added chicken. "With 70 percent of our chicken value-added, people think it's a mature category and that we've done all we can do," Tyson said. "In fact, we've got about half the market share of bagged and boxed chicken, and we're still getting double digit growth."

 

Tyson Foods is carrying its expertise in value-added chicken into beef and pork with products including breaded steak fingers and country-fried steak in the consumer products channel and pulled pork and smoked brisket in the foodservice channel. Tyson is also the second leading bacon processor in the United States and the fastest growing national retail brand of bacon.

 

Tyson commented on the prevailing market conditions and their impact on the Company's beef and chicken segments. He reported the Company's beef segment is expected to generate double the operating loss compared to the first quarter of fiscal 2006. In the chicken segment, leg quarter prices are currently in the 15 cents per pound range, which is lower than anticipated.

 

"This has been one of the most highly volatile years we have seen and that volatility continues," Tyson said. "Based on the current visibility, the Company continues to estimate its fiscal 2006 GAAP earnings to range from $0.42 to $0.72 per diluted share." He concluded, "We're doing everything we can to execute against our strategy and work through this difficult environment."

 

 



 

 

"We will continue to support our national brand through our Powering campaign, and I'm excited about a new way we're going to do this," Tyson said. "Tyson Foods is a proud new sponsor of the U.S. Olympic Team. Our sponsorship will continue through the 2008 Beijing Games and the 2010 Games in Vancouver."

 

Tyson Foods is the official chicken, beef and pork sponsor of the U.S. Olympic Team and an official supplier to the athletes' training centers. Tyson's sponsorship begins immediately. The kick-off for our new association with the Olympics will be as the title sponsor for the Tyson American Cup in Philadelphia next week.

 

Forward-Looking Statements

The Company and its representatives may from time to time make written or oral forward-looking statements, such as statements relating to losses for the beef segment in the second quarter and Tyson's estimated future earnings. These forward-looking statements are subject to a number of factors and uncertainties which could cause the Company's actual results and experiences to differ materially from the anticipated results and expectations, expressed in such forward-looking statements. The Company wishes to caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made. Among the factors that may cause actual results and experiences to differ from the anticipated results and expectations expressed in such forward-looking statements are the following: (i) fluctuations in the cost and availability of raw materials, such as live cattle, live swine or feed grains; (ii) market conditions for finished products, including the supply and pricing of alternative proteins, and the demand for alternative proteins; (iii) risks associated with effectively evaluating derivatives and hedging activities; (iv) access to foreign markets together with foreign economic conditions, including currency fluctuations and import/export restrictions; (v) outbreak of a livestock disease (such as avian influenza (AI) or bovine spongiform encephalopathy (BSE)), which could have an effect on livestock owned by the Company, the availability of livestock for purchase by the Company, consumer perception of certain protein products or the Company's ability to access certain markets; (vi) successful rationalization of existing facilities, and the operating efficiencies of the facilities; (vii) changes in the availability and relative costs of labor and contract growers; (viii) issues related to food safety, including costs resulting from product recalls, regulatory compliance and any related claims or litigation; (ix) adverse results from litigation; (x) risks associated with leverage, including cost increases due to rising interest rates or changes in debt ratings or outlook; (xi) changes in regulations and laws (both domestic and foreign), including changes in accounting standards, environmental laws and occupational, health and safety laws; (xii) the ability of the Company to make effective acquisitions and successfully integrate newly acquired businesses into existing operations; (xiii) effectiveness of advertising and marketing programs; and (xiv) the effect of, or changes in, general economic conditions.

 

 

 

 

 

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