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Tyson Foods CEO Donnie King tops $12 million in pay

King, a longtime executive with the company, was appointed to replace Dean Banks in June 2021 and his compensation for 2021 was $565 shy of $9 million.

SPRINGDALE, Ark. — Donnie King of Tyson Foods Inc. in Springdale earned more than $12 million in total compensation in his first full year as CEO, according to a proxy statement the company filed with the U.S. Securities & Exchange Commission.

King, a longtime executive with the company, was appointed to replace Dean Banks in June 2021 and his compensation for 2021 was $565 shy of $9 million. His 2022 salary was $1.3 million, and he received $5.1 million in stock awards and $3.4 million from the executive incentive plan.

King was the second-highest paid executive, trailing only company chairman John H. Tyson by slightly less than $20,000. John H. Tyson’s compensation included $1.2 million in salary, $4.7 million in stock awards and $2.8 million from the executive incentive plan.

Read the full article from Arkansas Business here.

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