date:Jul 25, 2012
pensation, up from $5.8 million in 2011.
Total compensation increased to $5.2 million from $3.7 million for Joseph Sebring, president of John Morrell.
Joseph Luter, executive vice president, sales and marketing, Pork Group, received $4.9 million, an increase from $2.6 million in 2011, according to the proxy statement.
The company also prosed reducing board members terms to one year from three years after a majority of Smithfield shareholders voted for the change in a non-binding resolution