SPRINGDALE, Ark. — Donnie King of Tyson Foods Inc. in Springdale earned nearly $13.2 million in total compensation in fiscal 2023, according to a proxy statement filed by the company with the U.S. Securities & Exchange Commission.
King has been CEO since replacing Dean Banks in June 2021 and was the company’s highest-paid named executive in 2023; his total compensation was $12 million in 2022. King’s 2023 salary was $1.4 million, up from $1.3 million, and he received $8.2 million in stock awards and $2.75 million in options.
King received $436,154 in incentive plan compensation, down significantly from $3.4 million in 2022. Tyson Foods reported a loss of $649 million in 2023 after making $3.2 billion in 2022.
To read more on King's earnings, our content partner Arkansas Business has the full article here.
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