# EDGAR Filing Document

**Accession Number:** 0001144519
**File Stem:** 0001144519-23-000078
**Filing Date:** 2023-3
**Character Count:** 15999
**Document Hash:** 3b15c2dcb3a5c907597b078db1ede880
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001144519-23-000078.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001144519-23-000078

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230327

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BUNGELTD
- **CENTRAL INDEX KEY:** 0001144519
- **STANDARD INDUSTRIAL CLASSIFICATION:** FATS & OILS [2070]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-16625
- **FILM NUMBER:** 23775878

**BUSINESS ADDRESS:**
- **STREET 1:** 1391 TIMBERLAKE MANOR PARKWAY
- **CITY:** CHESTERFIELD
- **STATE:** MO
- **ZIP:** 63017
- **BUSINESS PHONE:** 314-292-2000

**MAIL ADDRESS:**
- **STREET 1:** 1391 TIMBERLAKE MANOR PARKWAY
- **CITY:** CHESTERFIELD
- **STATE:** MO
- **ZIP:** 63017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Bunge LTD
- **DATE OF NAME CHANGE:** 20050405

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BUNGE LTD
- **DATE OF NAME CHANGE:** 20010710

?xml version="1.0" ? bg-20230327

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**___________________________________**

**FORM 8-K**

**___________________________________**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**March 27, 2023**

Date of Report (date of earliest event reported)

**___________________________________**

**BUNGE LIMITED**

(Exact name of registrant as specified in its charter)

**___________________________________**

---

| | | |
|:---|:---|:---|
| **Bermuda**<br>(State or other jurisdiction of <br>incorporation or organization) | **001-16625**<br>(Commission File Number) | **98-0231912**<br>(I.R.S. Employer Identification Number) |
| **1391 Timberlake Manor Parkway**<br>**Chesterfield, MO 63017** | **1391 Timberlake Manor Parkway**<br>**Chesterfield, MO 63017** | **1391 Timberlake Manor Parkway**<br>**Chesterfield, MO 63017** |
| (Address of principal executive offices and zip code) | (Address of principal executive offices and zip code) | (Address of principal executive offices and zip code) |
| **(314) 292-2000** | **(314) 292-2000** | **(314) 292-2000** |
| (Registrant's telephone number, including area code) | (Registrant's telephone number, including area code) | (Registrant's telephone number, including area code) |

---

**___________________________________**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

**☐** Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

**☐** Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

**☐** Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

**☐** Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

---

| | | |
|:---|:---|:---|
| **Securities registered pursuant to Section 12(b) of the Act:** | **Securities registered pursuant to Section 12(b) of the Act:** | **Securities registered pursuant to Section 12(b) of the Act:** |
| **<u>Title of each class</u>** | **<u>Trading Symbol</u>** | **<u>Name of each exchange on which registered</u>** |
| **Common Shares, $0.01 par value per share** | **BG** | **New York Stock Exchange** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers** 

On March 29, 2023, Bunge Limited (the "Company") issued a press release to announce that Ms. Kathleen Hyle and Mr. Erik Fyrwald, members of the Board of Directors (the "Board"), informed the Company on March 27, 2023 and March 28, 2023, respectively, that they will not stand for re-election at the Company's 2023 Annual General Meeting of Shareholders (the "2023 AGM") to be held on May 11, 2023 in order to devote time to other professional commitments. Effective May 11, 2023, Ms. Hyle will be resigning from her positions of non-executive chairperson of the Board and as a member of the Corporate Governance and Nominations Committee, and Mr. Fyrwald will be resigning from his positions as chair of the Human Resources and Compensation Committee and as a member of the Sustainability and Corporate Responsibility Committee. They will continue to serve as directors until their current terms expire on the date of the 2023 AGM. Ms. Hyle's and Mr. Fyrwald's resignations were for personal reasons and not as a result of any dispute or disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Company thanks Ms. Hyle and Mr. Fyrwald for their service and valuable contributions to the Company.

The Board intends to appoint Mr. Mark Zenuk as non-executive chairperson of the Board, subject to his re-election to the Board at the 2023 AGM. Mr. Zenuk has served on the Board since 2018 and currently serves as chairperson of the Enterprise Risk Management Committee and as a member of the Audit Committee. He has served as managing partner at Tillridge Global Agribusiness Partners, an agribusiness private equity firm, since 2016.

Additionally, the Company announced that the Board has nominated Ms. Monica McGurk and Mr. David Fransen to the Company's slate of non-executive director nominees for shareholder approval at its 2023 AGM. Ms. McGurk, age 53, currently serves as the Chief Executive Officer of Tropicana and Mainstream Brands at Tropicana Brands Group, a position she has held since September 2022. Previously, she served as the Chief Global Growth Officer at Kellogg Company from 2019 to 2022 and the Chief Global Revenue and eCommerce Officer from 2018 to 2019. Prior to working at Kellogg Company, she worked at Tyson Foods and The Coca-Cola Company where she held various leadership positions in strategy and digital media. She is currently a non-executive director of the privately held company, Pivot Bio. If elected by shareholders, Ms. McGurk would serve on the Enterprise Risk Management Committee and Corporate Governance and Nominations Committee.

Mr. Fransen, age 65, was Chairman and non-executive director of Vitol S.A., Geneva, from 2017 until his retirement in 2020. Prior to that, Mr. Fransen worked at Vitol Group from 1986 to 2017 serving as a director of various Vitol Group companies and holding roles of increasing responsibility, including: leading the global gasoline trading group; heading the Bermuda office; Group Head of Information Technology; Chief Operations Officer; and member of the Executive Committee. Early in his career, he worked at British Petroleum PLC (1979 – 1986) in marketing and planning and as a trader. Mr. Fransen was a founding member of the Swiss Trading and Shipping Association (2006-2019) and served as President for 6 years. Mr. Fransen is a former non-executive director of Greenfields Petroleum Corporation (2016-2023). If elected by shareholders, Mr. Fransen would serve on the Enterprise Risk Management Committee and Human Resources and Compensation Committee.

Ms. McGurk and Mr. Fransen will receive compensation for service as directors consistent with that provided to the Company's other non-employee directors, including a stock award of restricted stock units upon joining the Board. There are no arrangements or understandings between Ms. McGurk or Mr. Fransen and any other person pursuant to which either of them was elected as a director. There are no transactions between Ms. McGurk or Mr. Fransen and the Company that would be reportable under Item 404(a) of Regulation S-K.

A copy of the press release announcing Ms. Hyle's and Mr. Fyrwald's departures and announcing Ms. McGurk's and Mr. Fransen's nominations to the Board is filed herewith as Exhibit 99.1 and is incorporated by reference herein.

**Item 9.01 - Financial Statements and Exhibits**

(d): &nbsp;&nbsp;&nbsp;&nbsp;Exhibits

---

| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| <u>[99.1](boardmemberpr03-23.htm)</u> | Press Release, dated March 29, 2023 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 29, 2023

---

| | |
|:---|:---|
| **BUNGE LIMITED** | **BUNGE LIMITED** |
| By: | /s/ Lisa Ware-Alexander |
| Name: | Lisa Ware-Alexander |
| Title: | Corporate Secretary |

---

## Exhibit 99.1

![image_0.jpg](image_0.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

![a2021-03x17_14x56x28.jpg](a2021-03x17_14x56x28.jpg)

---

| | |
|:---|:---|
| Media Contact: | Bunge News Bureau<br>Bunge <br>636-292-3022<br><u>news@bunge.com</u> |
| Investor Contact:  | Ruth Ann Wisener<br>Bunge Limited<br>636-292-3014<br><u>Ruthann.wisener@bunge.com</u>  |

---

**Bunge Announces Changes to Board of Directors**

**St. Louis, MO – March 29, 2023** – Bunge Limited (NYSE: BG) announced that Kathleen Hyle, non-executive chairperson of the Board of Directors ("the Board"), and Erik Fyrwald, director, have informed the Company that they do not intend to seek re-election to their Board positions when their current terms expire on May 11, 2023, the date of the 2023 Annual General Meeting of Shareholders ("AGM"). The Board intends to appoint Mark Zenuk, director, as non-executive chairperson, subject to his re-election to the Board at the AGM. In addition, Bunge announced the Board intends to nominate Monica McGurk and David Fransen to the Company's slate of director nominees during its 2023 AGM.

Hyle commented, "I have been honored to have served on the Board for the past decade and am proud of the work we have done to position the Company for future success. We have approved a number of key transactions, improved stakeholder engagement and increased the diversity of the Board. With Mark's experience in agribusiness, energy and private equity, I am confident the Company will be in good hands for the next phase of growth. I would also like to thank Erik for his valuable service and significant contributions to the Board."

Zenuk has served on the Board since 2018 and serves as chairperson of the Enterprise Risk Management Committee and is a member of the Audit Committee. He has served as Managing Partner at Tillridge Global Agribusiness Partners, an agribusiness private equity firm, since 2016. Prior to Tillridge, he was a Managing Director at NGP Energy Capital Management where he led the firm's agribusiness investment platform. He began his career working with some of the leading agribusiness firms, rising to serve in executive leadership roles both domestically and internationally.

McGurk currently serves as the Chief Executive Officer of Tropicana and Mainstream Brands at Tropicana Brands Group, a position she has held since September 2022. Previously, she served as the Chief Global Growth Officer at Kellogg Company from 2019 to 2022 and the Chief Global Revenue and eCommerce Officer from 2018 to 2019. Prior to working at Kellogg Company, she worked at Tyson Foods and The Coca-Cola Company where she held various leadership positions in strategy and digital media. She is currently a non-executive director of the privately held company, Pivot Bio. If elected by shareholders, McGurk would serve on the Enterprise Risk Management Committee and Corporate Governance and Nominations Committee.

Fransen was Chairman and non-executive director of Vitol S.A., Geneva, from 2017 until his retirement in 2020. Prior to that, he worked at Vitol Group from 1986 to 2017 serving as a director of various Vitol Group companies and holding roles of increasing responsibility, including leading the global gasoline trading group; heading the Bermuda office; Group Head of Information Technology; Chief Operations Officer; and member of the Executive Committee. Early in his career, he worked at British Petroleum PLC in marketing and planning and as a trader. Fransen was a founding member of the Swiss Trading and Shipping Association, serving as President for six years. He is also a former non-executive director of Greenfields Petroleum Corporation. If elected by shareholders, Fransen would serve on the Enterprise Risk Management Committee and Human Resources and Compensation Committee.

Zenuk commented, "I appreciate the Board's confidence in nominating me as Chair and am committed to building on what the Board has achieved under Kathi's outstanding leadership. We are also pleased to nominate Monica and David as directors and look forward to adding their expertise and perspectives to Bunge's Board. Monica's deep experience with consumer packaged goods and food processing companies and David's knowledge of the energy and commodities industries, will be invaluable as we continue innovating to better connect farmers to consumers to deliver essential food, feed and fuel to the world."

------

![image_0.jpg](image_0.jpg)

**About Bunge**

At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. With more than two centuries of experience, unmatched global scale and deeply rooted relationships, we work to put quality food on the table, increase sustainability where we operate, strengthen global food security, and help communities prosper. As the world's leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to improve the productivity and environmental efficiency of agriculture across our value chains and to bring quality products from where they're grown to where they're consumed. At the same time, we collaborate with our customers to create and reimagine the future of food, developing tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world. Our Company is headquartered in St. Louis, Missouri, and we have almost 23,000 dedicated employees working across approximately 300 facilities located in more than 40 countries.

**Website Information**

We routinely post important information for investors on our website, www.bunge.com, in the "Investors" section. We may use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

<br>