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Stock impact report

UPDATE 1-Brazil's BRF says chairman has not resigned, shares dive [Reuters]

BRF S.A. (BRFS) 
Last brf s.a. earnings: 11/11 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.brf-global.com
Company Research Source: Reuters
Brazil's BRF says chairman has not resigned, shares dive | Reuters 2 Min Read SAO PAULO (Reuters) - Brazilian food processor BRF SA said it has received no formal notice regarding the resignation of Chairman Abilio Diniz, according to a securities filing late Thursday that signaled a continuing impasse related to the election of a new board. Shares in the country’s largest chicken processor fell almost 3 percent in morning trading. Key shareholders have been pushing for a shakeup at BRF, and local newspapers have been reporting for days that Diniz had reached a tentative agreement to resign. Shareholders have been calling for change due to poor earnings results and new allegations that the company flouted food safety rules sparking export bans to be imposed on some of its facilities. An extraordinary board meeting is scheduled for April 26 to elect a new board. In a letter sent to BRF, Diniz told the company he was still in talks with certain shareholders aimed at negotiating names to Show less Read more
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