<SEC-DOCUMENT>0001214659-24-000802.txt : 20240117
<SEC-HEADER>0001214659-24-000802.hdr.sgml : 20240117
<ACCEPTANCE-DATETIME>20240116195657
ACCESSION NUMBER:		0001214659-24-000802
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20240117
DATE AS OF CHANGE:		20240116
EFFECTIVENESS DATE:		20240117

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TYSON FOODS, INC.
		CENTRAL INDEX KEY:			0000100493
		STANDARD INDUSTRIAL CLASSIFICATION:	POULTRY SLAUGHTERING AND PROCESSING [2015]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				710225165
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14704
		FILM NUMBER:		24536493

	BUSINESS ADDRESS:	
		STREET 1:		2200 DON TYSON PARKWAY
		CITY:			SPRINGDALE
		STATE:			AR
		ZIP:			72762-6999
		BUSINESS PHONE:		479-290-5799

	MAIL ADDRESS:	
		STREET 1:		P O BOX 2020
		STREET 2:		P O BOX 2020
		CITY:			SPRINGDALE
		STATE:			AR
		ZIP:			72765-2020

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TYSON FOODS INC
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AS YOU SOW
		CENTRAL INDEX KEY:			0001086462
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		2150 KITTREDGE ST.
		STREET 2:		SUITE 450
		CITY:			BERKELEY
		STATE:			CA
		ZIP:			94704
		BUSINESS PHONE:		510-735-8155

	MAIL ADDRESS:	
		STREET 1:		2150 KITTREDGE ST.
		STREET 2:		SUITE 450
		CITY:			BERKELEY
		STATE:			CA
		ZIP:			94704
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    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 10%"><FONT STYLE="font-size: 8pt; color: #00813D">Main Post Office, P.O. Box 751&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="text-align: left; vertical-align: top; width: 80%; white-space: nowrap"><FONT STYLE="font-size: 8pt; color: #73C167"><B>www.asyousow.org</B></FONT></TD></TR>
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    <TD STYLE="white-space: nowrap"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 8pt; color: #00813D">Berkeley, CA 94704</FONT></P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 8pt; color: #00813D"> &nbsp;&nbsp;&nbsp;</FONT></P></TD>
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-size: 7.5pt; color: #73C167">BUILDING A SAFE, JUST, AND SUSTAINABLE WORLD SINCE 1992</FONT></TD></TR>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><BR>
Notice of Exempt Solicitation Pursuant to Rule 14a-103</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Name of the Registrant: Tyson Foods, Inc.<BR>
Name of persons relying on exemption:&nbsp;As You Sow<sup>&reg;</sup><BR>
Address of persons relying on exemption: Main Post Office, P.O. Box 751, Berkeley, CA 94704</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated
under the Securities Exchange Act of 1934.&nbsp;Submission is not required of this filer under the terms of the Rule, but is made voluntarily
in the interest of public disclosure and consideration of these important issues.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Tyson Foods, Inc. (TSN)<BR>
Vote Yes: Shareholder Proposal Regarding a Circular Economy for Packaging</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">Annual Meeting:
February 8, 2024</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CONTACT: Kelly McBee | kmcbee@asyousow.org</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">THE RESOLUTION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Resolved:</B> Shareholders request that the Board issue a report,
at reasonable expense and excluding proprietary information, describing opportunities for Tyson to support a circular economy for packaging.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Supporting Statement:</B> The report should assess, at Board discretion:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>The competitive, financial, and operational risks associated with failing to promote a circular economy for packaging;</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>The potential to increase packaging recyclability and transition to reusable packaging; and</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Opportunities to develop policies or goals to endorse EPR [Extended Producer Responsibility] and determine an appropriate level of
voluntary financial contributions to recycling infrastructure.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">SUMMARY</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">The growing plastic pollution and packaging waste crises pose increasing
risks to Tyson Foods. In particular, Tyson is exposed to significant regulatory risk from Extended Producer Responsibility (EPR) laws.
These laws impose financial responsibility on companies for the costs of collecting, sorting, and recycling their plastic packaging. One
estimate from the Pew Trusts found that corporations could face an annual financial risk of approximately $100 billion should governments
require them to cover the waste man<FONT STYLE="font-size: 11pt">agement costs of the packaging they produce.<SUP>1</SUP></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>1</SUP> https://www.pewtrusts.org/-/media/assets/2020/07/breakingtheplasticwave_report.pdf,
p. 9</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="white-space: nowrap; width: 10%"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2024
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Tyson Foods, Inc. | Circular Economy for Packaging</FONT></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Already, laws to this effect have been passed in Maine, Oregon, Colorado,
and California,<SUP>2</SUP> while the European Union has enacted a $1 per kilogram tax on all non-recycled plastic packaging waste.<SUP>3</SUP>
These laws reflect the scale of the plastic pollution crisis, but they also reflect consumer sentiment, with demand for sustainable packaging
increasing.<SUP>4</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">The best way for Tyson to abate these risks is to proactively assess
opportunities to support a circular economy for its packaging.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Moreover, failure by our Company to take proactive steps may put it
at a serious competitive disadvantage in this evolving regulatory and market environment. More than 100 leading companies have committed
to promoting a circular economy for packaging by acknowledging financial responsibility for the collection, sorting, and recycling of
packaging at end-of-life (EOL).<SUP>5</SUP> Competitors Kraft Heinz, Kellog&rsquo;s, Nestl&eacute;, Procter &amp; Gamble, and at least
25 other major companies make voluntary contributions to expand recycling infrastructure, a critical step in embracing EPR.<SUP>6</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">By contrast, Tyson is not known to voluntarily contribute financial
resources to help ensure its packaging never becomes waste.<SUP>7</SUP> In fact, Tyson recently received a &ldquo;D-&rdquo; grade on a
report from <I>As You Sow</I> evaluating corporate packaging sustainability for its failure to financially support recycling infrastructure,
endorse EPR, reduce plastic use, explore reuse opportunities, and make all packaging recyclable.<SUP>8</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">To mitigate these regulatory, environmental, and competitive risks,
Tyson must assess and act on opportunities to adapt to a circular economy approach to packaging.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">RATIONALE FOR A YES
VOTE</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD><B>Plastic pollution and packaging waste create growing regulatory risks to companies.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt"><B>2.</B></FONT></TD><TD><B>Tyson Foods fails to provide shareholders with sufficient information as to whether and <FONT STYLE="font-size: 11pt">how it will
build a circular economy for packaging, exposing the Company to competitive, financial, and operational risk. </FONT></B><FONT STYLE="font-size: 9pt"><BR>
<BR>
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>3.</B></TD><TD><B>Tyson Foods lags peers in creating a circular economy for packaging.</B></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>2</SUP> https://www.packworld.com/news/sustainability/article/22419036/four-states-enact-packaging-epr-laws</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>3</SUP> https://commission.europa.eu/strategy-and-policy/eu-budget/long-term-eu-budget/2021-2027/revenue/own-resources/plastics-own-resource_en</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>4</SUP> https://www.shorr.com/resources/blog/the-2022-sustainable-packaging-consumer-report/</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>5</SUP> https://ellenmacarthurfoundation.org/extended-producer-</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">responsibility/overview?_ga=2.194255722.613184023.1673367048-</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">710010554.1662564816&amp;_gl=1*18c5mjb*_ga*NzEwMDEwNTU0LjE2NjI1NjQ4MTY.*_ga_V32N675KJX*MTY3MzM2NzA0OC4xN</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">C4wLjE2NzMzNjcwNDguNjAuMC4w</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>6</SUP> https://www.asyousow.org/report-page/plastic-pollution-scorecard-2021/,
p. 17</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>7</SUP> https://www.asyousow.org/report-page/plastic-pollution-scorecard-2021/data-visualization</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>8</SUP> https://www.asyousow.org/report-page/plastic-pollution-scorecard-2021/,
p. 5</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0"><P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="white-space: nowrap; width: 10%"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2024
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Tyson Foods, Inc. | Circular Economy for Packaging</FONT></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9.35pt; background-color: #B8CCE4">DISCUSSION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>1</B>.</TD><TD><B>Plastic pollution and packaging waste create growing regulatory risks to companies.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">As plastic pollution has grown into an international crisis, increasing
attention is being paid by governments, media, and citizens to the world&rsquo;s consumption and disposal of single-use products generally,
including packaging of all material types.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Recently, new laws adopted in Colorado, Maine, Oregon, and California
aim to shift the financial burden for waste management from consumers and local government to corporations. These EPR laws will effectively
tax corporations for the single-use packaging they produce based on various sustainability metrics.<SUP>9</SUP> Similar laws have been
introduced throughout the United States, including more than 75 bills between 2020 and 2022 alone, with packaging as the most common covered
product,<SUP>10</SUP> demonstrating a rapidly growing trend of increased legal accountability for corporations for the financial costs
of the packaging waste they produce. EPR for packaging laws have also been enforced for decades within European Union nations and many
other countries.<SUP>11</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Addressing pollution from plastic packaging is a key governmental priority
worldwide. Leaders from 193 United Nations member states are in the process of negotiating a global treaty to end plastic pollution; the
nations are considering a mandate for legally binding plastic use reductions and recyclability to transition the global market away from
disposable packaging and towards reusables.<SUP>12</SUP> Adoption of the agreement to negotiate a treaty was supported by a vast array
of businesses and investors united in recognition of plastic pollution as a severe threat to business&rsquo; social license to operate.<SUP>13</SUP>
The ramifications of the Global Plastics Treaty are expected to affect packaging of all materials by bolstering the transition to reusable,
returnable, and refillable packaging, making recyclability and use of recycled content standard, and holding producers financially accountable
for packaging at its end of life.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">EPR laws are increasingly becoming the norm in the United States and
around the world. With widespread adoption of these laws, corporations could be legally responsible for as much as $100 billion annually
to cover the waste management costs of their packaging.<SUP>14</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Tyson Foods appears unprepared to meet the risks created by EPR
legislation and the forthcoming Global Plastics Treaty, </B>as the Company does not acknowledge financial responsibility for packaging
at EOL, has no goal to reduce use of virgin plastic, makes no public contributions to support the collection and recycling of i<FONT STYLE="font-size: 11pt">ts
packaging, and lacks portfolio-wide recyclability in practice and at scale.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><B>_____________________________</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>9</SUP> https://www.huntonnickelreportblog.com/2024/01/extended-producer-responsibility-for-packaging-whats-ahead-in-2024/</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>10</SUP> https://www.ncsl.org/environment-and-natural-resources/extended-producer-responsibility</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>11</SUP> https://www.oecd.org/environment/extended-producer-responsibility.htm</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>12</SUP> https://www.unep.org/news-and-stories/story/plastic-treaty-progress-puts-spotlight-circular-economy</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>13</SUP> https://www.businessforplasticstreaty.org/endorsers</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>14</SUP> https://www.pewtrusts.org/-/media/assets/2020/07/breakingtheplasticwave_report.pdf,
p. 9</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2024
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2</B>.</TD><TD><B>Tyson Foods fails to provide shareholders with sufficient information as to whether and how it will build a circular economy for
packaging, exposing the Company to competitive, financial, and operational risk.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">In 2022, 59% of independent shareholders of Tyson voted in support
of a shareholder proposal requesting that the Company produce a report assessing opportunities to increase its sustainable packaging efforts
by reducing its absolute plastic packaging use.<SUP>15</SUP> Unfortunately, Tyson has failed to sufficiently respond to shareholders&rsquo;
concerns. It continues to neglect disclosing foundational data on plastic packaging; has not set a quantitative goal or timeline for reducing
its plastic packaging footprint; and has not adopted EPR practices, such as voluntary contributions to recycling infrastructure to ensure
its packaging never becomes plastic pollution.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Tyson&rsquo;s failure to account for its packaging at EOL also renders
its climate disclosures incomplete. Tyson states it is committed to Scope 3 emissions reductions,<SUP>16</SUP> yet omits &ldquo;End-of-Life
Treatment of Sold Products,&rdquo; a key Scope 3 category, from its disclosures,<SUP>17</SUP> thereby excluding the impacts of plastic
packaging pollution from its carbon footprint. Sold products and packaging contribute significantly to Scope 3 emissions at their EOL
and are incorporated by many companies in Scope 3 emission calculations.<SUP>18</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">In 2021, Tyson earned a &ldquo;D-&rdquo; grade in <I>As You Sow&rsquo;s</I>
Corporate Plastic Pollution Scorecard (Plastic Scorecard). As of the publication of the Plastic Scorecard, Tyson had failed to disclose
any packaging data or set any circular packaging goals. Missing goals included (1) reducing virgin and overall plastic reusable packaging,
(2) increasing recycled materials, (3) exploring reusable packaging (4) making all packaging recyclable in practice and at scale, (5)
endorsing EPR legislation, and (6) financially contributing to U.S. recycling infrastructure.<SUP>19</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Today, Tyson has made little progress in these six pillars. The Company
is unique among peers in its continued failure to disclose foundational packaging data and set quantifiable and timebound targets to reduce
use of virgin plastic. Tyson's dearth of packaging data &ndash; including tonnage of total, virgin, or recycled plastic packaging, packaging
material portfolios, percentage of packaging that is recyclable, etc. &ndash; leaves investors with an absence of information about whether
or how the Company is mitigating risks related to packaging waste. Tyson does not report on the percentage of packaging that meets its
recyclable goa<FONT STYLE="font-size: 11pt">l, nor does it state what percentage of packaging, if any, is actually recycled at EOL. </FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>15</SUP> https://www.greencentury.com/statement-59-of-independent-tyson-shareholders-support-green-century-plastic-packaging-proposal/</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>16</SUP> https://www.tysonfoods.com/sites/default/files/2023-10/Tyson%20Foods%20Sustainability%20Report%20FY2022%20%281%29.pdf,
p. 37</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>17</SUP> https://www.tysonfoods.com/sites/default/files/2023-10/Tyson%20Foods%20Sustainability%20Report%20FY2022%20%281%29.pdf,
p. 48</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>18</SUP> https://ghgprotocol.org/scope-3-technical-calculation-guidance</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>19</SUP> https://www.asyousow.org/report-page/plastic-pollution-scorecard-2021/data-visualization</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">A circular economy for packaging minimizes resource use and waste while
maximizing resource regeneration. Doing so plays an important role in achieving a net-zero emissions world. To build a circular economy
for packaging, corporations must take transparent action in six circular packaging areas: (1) Eliminate unnecessary materials; (2) Design
for reuse; (3) Design for portfolio-wide recyclability, composability, or reusability; (4) Ensure recycling, composting, and reuse occurs
in practice and at scale; (5) Decouple virgin plastic use from business growth; and 6) Ensure human and environmental safety of incorporated
chemicals.<SUP>20</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Tyson acknowledges the complex, insufficient, and lacking recycling
infrastructure of the United States, yet has not aligned its actions with this reality.<SUP>21</SUP> Following the filing of this proposal,
Tyson committed to fully recyclable, home compostable, or reusable packaging by 2030, yet failed to qualify a definition of recyclable.<SUP>22</SUP>
Packaging that is recyclable <I>in practice and at scale, </I>specifically achieving a 30% recycling rate in regions that collectively
have over 400 million persons, has been identified by dozens of peer companies as the benchmark for their recyclability goals.<SUP>23</SUP>
Without disclosure of the types of plastic or packaging the Company uses or a commitment to recycling in practice and at scale, this goal
offers little credibility for any potential it will have to improve the circularity of Tyson&rsquo;s packaging.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Much of Tyson&rsquo;s packaging portfolio is flexible plastic film
which cannot be curbside recycled and is therefore <I>not </I>recyclable in practice, yet may still qualify as &ldquo;recyclable&rdquo;
under Tyson&rsquo;s goal through drop-off recycling designation. Store drop-off recycling has low utilization rates among customers and
is widely criticized for landfilling or mismanaging significant portions of collections.<SUP>24</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Tyson states an aim for its packaging &ldquo;to be disposed of as responsibly
as possible&rdquo; yet acknowledges no executive or financial role in achieving this statement.<SUP>25</SUP> Unlike dozens of its peers,
Tyson does not report on whether it accepts financial responsibility for packaging at EOL or if it engages in the legislative process
during consideration of any state or national EPR policies.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">The Recycling Partnership (TRP), a leading recycling organization,
has found that $17 billion is needed to modernize and expand recycling infrastructure and that doing so will save the equivalent of 710
million metric tons of CO2 over ten years.<SUP>26</SUP> To improve plastic recycling infrastructure, TRP recommends that companies contribute
at least $88 for every metric ton of plastic used.<SUP>27</SUP> However, T<FONT STYLE="font-size: 11pt">yson does not state whether or
not it makes any voluntary contributions.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>20</SUP> https://www.ellenmacarthurfoundation.org/plastics-vision</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>21</SUP> <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/100493/000010049323000136/tsn-20231221.htm">https://www.sec.gov/ix?doc=/Archives/edgar/data/100493/000010049323000136/tsn-20231221.htm</A>,
p. 38</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>22</SUP> https://www.tysonfoods.com/sites/default/files/2023-10/Tyson%20Foods%20Sustainability%20Report%20FY2022%20%281%29.pdf,
p. 31</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>23</SUP> https://emf.thirdlight.com/file/24/SWAXKg3SWOeL_4OSWZn0SWsy8Dw/The%20Global%20Commitment%20Five%20Years%20</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">In%3A%20Learnings%20to%20Accelerate%20towards%20a%20Future%20without%20Plastic%20Waste%20or%20Pollution.pdf,
p. 32</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>24</SUP> https://www.bloomberg.com/news/features/2023-09-29/us-store-drop-off-plastic-recycling-often-ends-up-in-landfills</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>25</SUP> https://www.tysonfoods.com/sites/default/files/2023-10/Tyson%20Foods%20Sustainability%20Report%20FY2022%20%281%29.pdf,
p. 31</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>26</SUP> https://recyclingpartnership.org/paying-it-forward/</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>27</SUP> https://plasticiq.org/</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2024
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; color: #00813B"><P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt"><B>3</B>.</FONT></TD><TD><FONT STYLE="font-size: 11pt"><B>Tyson Foods lags peers in creating a circular economy for </B></FONT><B>packaging<FONT STYLE="font-size: 9pt">.</FONT></B></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0in"></P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">More than 100 leading companies, including Nestl&eacute;, PepsiCo,
and Walmart, have committed to promoting a circular economy by taking financial responsibility for the collection, sorting, and recycling
of packaging through the Ellen MacArthur Foundation&rsquo;s Statement and Position Paper, <I>Extended Producer Responsibility - a necessary
part of the solution to packaging waste and pollution.<SUP>28</SUP></I> The Coca-Cola Company&lsquo;s Vice President of Global Policy
&amp; Sustainability Michael Goltzman stated: &ldquo;We support this statement on the important role that well-designed EPR systems can
play in keeping packaging material out of the environment and in the circular economy. Good EPR schemes can motivate businesses and help
us achieve our circular economy targets.&rdquo;<SUP>29</SUP> Tyson Foods has no public statement of support for EPR for packaging, nor
has the Company publicly acknowledged that its packaging waste is its responsibility.<SUP>30</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Additionally, Kraft Heinz, Kellogg&rsquo;s, Nestl&eacute;, Procter
&amp; Gamble, and at least 25 other major companies make voluntary contributions to expand recycling infrastructure, a critical step in
embracing EPR and creating a circular economy for packaging.<SUP>31</SUP> Tyson is not known to voluntarily contribute any financial resources
to help ensure its packaging never becomes waste.<SUP>32</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Finally, At least 60 consumer goods and retail companies have set goals
to reduce overall use of plastic packaging and make all packaging recyclable, reusable, or compostable under the Ellen MacArthur Foundation
Global Commitment (Global Commitment).<SUP>33</SUP> Tyson&lsquo;s recyclability commitment timeline lags behind its peers by five years
and fails to adequately define &ldquo;recyclable,&ldquo; likely resulting in a commitment that will do little to further the recycling
of its packaging in practice and at scale. All signatories to the Global Commitment annually report an abundance of plastic packaging
data; in contrast, Tyson fails to report even the most foundational pieces of plastic packaging data, such as tonnage of plastic used,
percentage of virgin and recycled content, and the percentage of packaging that is recyclable, reusable, or compostable.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">RESPONSE TO BOARD
OF DIRECTORS&rsquo; STATEMENT IN OPPOSITION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Tyson&rsquo;s Opposition Statement describes existing efforts towards
sustainable packaging. However, as described above, Tyson&rsquo;s existing action falls short of ensuring recyclability in practice and
at scale and of reducing plastic use ov<FONT STYLE="font-size: 11pt">erall. The Company also asserts that issuing the requested report
would be duplicative of existing reporting. But, as previously noted, Tyson does not make any substantive packaging data publicly available.<SUP>34</SUP></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>28</SUP> https://ellenmacarthurfoundation.org/extended-producer-</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">responsibility/overview?_ga=2.194255722.613184023.1673367048-</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">710010554.1662564816&amp;_gl=1*18c5mjb*_ga*NzEwMDEwNTU0LjE2NjI1NjQ4MTY.*_ga_V32N675KJX*MTY3MzM2NzA0OC4xN</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">C4wLjE2NzMzNjcwNDguNjAuMC4w</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>29</SUP> https://ellenmacarthurfoundation.org/extended-producer-</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">responsibility/overview?_ga=2.194255722.613184023.1673367048-</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">710010554.1662564816&amp;_gl=1*18c5mjb*_ga*NzEwMDEwNTU0LjE2NjI1NjQ4MTY.*_ga_V32N675KJX*MTY3MzM2NzA0OC4xN</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">C4wLjE2NzMzNjcwNDguNjAuMC4w</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>30</SUP> https://www.asyousow.org/report-page/plastic-pollution-scorecard-2021/data-visualization</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>31</SUP> https://www.asyousow.org/report-page/plastic-pollution-scorecard-2021/</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>32</SUP> https://www.asyousow.org/report-page/plastic-pollution-scorecard-2021/data-visualization</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>33</SUP> https://www.ellenmacarthurfoundation.org/global-commitment-2023/overview</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>34</SUP> https://www.asyousow.org/report-page/plastic-pollution-scorecard-2021/data-visualization</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 6 -->
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="white-space: nowrap; width: 10%"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 90%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2024
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Tyson Foods, Inc. | Circular Economy for Packaging</FONT></P>
                                                <P STYLE="margin-top: 0; margin-bottom: 0"></P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Ultimately, the Company notes the limitations of recycling infrastructure
in the United States yet does not acknowledge its role in improving it. As requested in this proposal, the Company should evaluate opportunities
to accept financial responsibility for packaging at EOL, voluntarily contribute to infrastructure, reduce plastic use, and provide packaging
data.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Finally, and significantly, the Company Statement does not address
the competitive, financial, and operational risks it faces without the action requested in this proposal, specifically the growing number
of EPR laws for packaging in the U.S. and the forthcoming Global Plastics Treaty.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Following the submission of this proposal, Tyson took an initial step
towards EPR for packaging by naming possible partnerships for collaborations on packaging at EOL.<SUP>35</SUP> While a start, this does
not address the full scope of actions needed to ensure a robust recycling system and create a circular economy for packaging. Tyson should
commit to new actions on EPR, such as regularly publishing updates, outcomes, policies, or goals resulting from any EPR collaborations,
assessing opportunities to endorse EPR legislation, and determining an appropriate level of voluntary financial contributions to recycling
infrastructure.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">CONCLUSION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Vote &ldquo;Yes&rdquo; on this Shareholder Proposal Regarding a
Circular Economy for Packaging. </B>Tyson has fallen behind dozens of peers by failing to evaluate the full range of opportunities available
to meaningfully support a circular economy for packaging and is vulnerable to competitive, financial, and regulatory risks. Our Company
must avoid these risks by evaluating new circularity actions for packaging, such as setting a quantifiable and timebound goal for reducing
use of plastic packaging, voluntarily contributing financial support for recycling infrastructure, and disclosing packaging data. We urge
a &ldquo;Yes&rdquo; vote on this resolution.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>--</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><I>For questions, please contact Kelly McBee, As You Sow, </I><I>kmcbee@asyousow.org</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">THE FOREGOING INFORMATION MAY BE DISSEMINATED TO SHAREHOLDERS VIA TELEPHONE,
U.S. MAIL, E-MAIL, CERTAIN WEBSITES AND CERTAIN SOCIAL MEDIA VENUES, AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE OR AS A SOLICITATION
OF AUTHORITY TO VOTE YOUR PROXY. THE COST OF DISSEMINATING THE FOREGOING INFORMATION TO SHAREHOLDERS IS BEING BORNE ENTIRELY BY ONE OR
MORE OF THE CO-FILERS. PROXY CARDS WILL NOT BE ACCEPTED BY ANY CO-FILER. PLEASE DO NOT SEND YOUR PROXY TO ANY CO-FILER. TO VOTE YOUR PR<FONT STYLE="font-size: 11pt">OXY,
PLEASE FOLLOW THE INSTRUCTIONS ON YOUR PROXY CARD<I>.</I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>35</SUP> <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/100493/000010049323000136/tsn-20231221.htm">https://www.sec.gov/ix?doc=/Archives/edgar/data/100493/000010049323000136/tsn-20231221.htm</A>
p. 38</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt 0">7</P>

<P STYLE="color: #71C267; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="margin: 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
