The board of directors of Pilgrim’s Pride Corporation (NASDAQ:PPC) ("PPC") has formed a special committee of independent and disinterested directors to review and evaluate the previously announced unsolicited proposal received on August 18, 2026, from JBS N.V. (NYSE:JBS, B3:JBSS32)) ("JBS") to acquire all of the outstanding shares of common stock of PPC that JBS does not currently own.