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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>
<b>UNITED STATES</b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>
<b>SECURITIES AND
EXCHANGE COMMISSION</b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>Washington, D.C.
20549</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>
<b>FORM 8-K</b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>CURRENT REPORT</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>PURSUANT TO SECTION
13 OR 15(d) OF</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>THE SECURITIES
EXCHANGE ACT OF 1934</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>Date of Report (date
of earliest event reported):&nbsp; December 14, 2018</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>
<b><u>U.S. PREMIUM
BEEF, LLC</u></b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>(Exact name of
Registrant as specified in its charter)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>
<font style="font-size: 12.0pt; text-decoration:underline">Delaware</font></p>
		<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman",serif;margin:0in;margin-bottom:.0001pt;text-align:center'>(State
  or other jurisdiction of incorporation)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<div align="center">
	<table border="0" width="100%">
		<tr>
			<td style="border-bottom: 1px solid #000000">
			<p align="center" style="margin-top: 0; margin-bottom: 0">333-115164</td>
			<td style="border-bottom: medium none #000000">
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
			<td style="border-bottom: 1px solid #000000">
			<p align="center" style="margin-top: 0; margin-bottom: 0">20-1576986</td>
		</tr>
		<tr>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">(Commission File Number)</td>
			<td style="border-top-style: none; border-top-width: medium">
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">(I.R.S. Employer Identification No.)</td>
		</tr>
		<tr>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
		</tr>
		<tr>
			<td style="border-bottom: 1px solid #000000">
		<h1 style='margin-top:12.0pt;margin-bottom:3.0pt;font-size:12.0pt;font-family:"Times New Roman",serif;font-weight:normal;margin-bottom:0; margin-top:0' align="center">12200 North Ambassador Drive</h1>
		<h5 style='margin-bottom:0;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman",serif;font-weight:normal;margin-top:0' align="center">Kansas City, Missouri
		</h5></td>
			<td style="border-bottom: medium none #000000">
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
			<td style="border-bottom: 1px solid #000000">
			<p align="center" style="margin-top: 0; margin-bottom: 0">64163</td>
		</tr>
		<tr>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">(Address of principal executive
  offices)</td>
			<td style="border-top-style: none; border-top-width: medium">
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">(Zip Code)</td>
		</tr>
	</table>
</div>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;' align="center">
<u>(816) 713-8800</u></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;' align="center">Registrant's
  telephone, number, including area code</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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 (<i>see</i> General
Instruction A.2. below):</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman",serif;'>&#9633;&nbsp; Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;margin-left:.5in;text-indent:.5in'>&#9633;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;margin-left:.5in;text-indent:.5in'>&#9633;&nbsp;
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240-14d-2(b))</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;margin-left:.5in;text-indent:.5in'>&#9633;&nbsp;
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</p><hr><p style="page-break-after:always"></p></p>&nbsp;<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>Items under Sections 1 through 4 and 6 through 8 are not
applicable and are therefore omitted.</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='mso-style-name:"bspmBL\,bl";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman",serif;margin-left:1.0in;text-indent:-1.0in'>
<b>Item 5.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b></p>
<p style='mso-style-name:"bspmBL\,bl";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman",serif;margin-left:1.0in;text-indent:-1.0in'>
<b>Compensatory Arrangements
of Certain Officers.</b></p>
<p style='font-size:12.0pt;font-family:"Times New Roman",serif;text-indent:30px; margin-left:0in; margin-right:0in'>On December 14, 2018, USPB and its CEO, entered into an &quot;Amended CEO Employment Agreement Between
U.S. Premium Beef, LLC and Stanley D. Linville Employment Years 2016-2021&quot;. &nbsp;&nbsp;</p>
<p style='font-size:12.0pt;font-family:"Times New Roman",serif;text-indent:30px; margin-left:0in; margin-right:0in'>Mr. Linville's
annual base salary will be $330,000.&nbsp; Mr. Linville will be eligible for an
annual incentive compensation payment based on the financial performance of USPB and the benefits received by USPB's unitholders; that incentive
compensation will only be paid to Mr. Linville after certain levels of benefits
have been achieved.&nbsp; Under the terms of the Employment Agreement, if the CEO is
employed by USPB on the last day of any employment year (except as otherwise
provided in the agreement) during the term of the Employment Agreement, the CEO
shall be paid annual incentive compensation equal to .75% of the sum of the
total financial benefits to USPB (&quot;USPB Total Benefits&quot;) that exceed
$25,000,000.&nbsp; USPB Total Benefits are: (1) audited fiscal year-end USPB
earnings before tax; and (2) the fiscal year USPB grid premiums, which is the
net sum of all USPB unitholder and associate grid premiums and discounts
calculated through all USPB grids at all plants as outlined in the Employment
Agreement.&nbsp; Mr. Linville is also eligible for a long-term incentive payment
under the Employment Agreement.&nbsp; If the CEO is employed by USPB on December 25,
2021, he is to be paid long-term incentive compensation equal to fifty one
hundredths of a percent (0.50%) of the amount by which USPB's Total Benefits
from December 30, 2018 to December&nbsp;25, 2021 exceed $75,000,000.&nbsp; The
Employment Agreement provides for a cumulative average annual cap of $495,000
for payments to Mr. Linville for annual and long-term incentive amounts.&nbsp;&nbsp;&nbsp;
</p>
<p style='font-size:12.0pt;font-family:"Times New Roman",serif;text-indent:30px; margin-left:0in; margin-right:0in'>
The Employment
Agreement also provides for post termination compensation.&nbsp; In addition to
the amounts described below that will be payable upon termination of the
Employment Agreement, Mr. Linville has agreed to a non-competition provision
that, for twelve (12) months following the termination of Mr. Linville's
employment with USPB, prohibits him from participating in the management or
control of any beef industry business or enterprise that competes with the
business of USPB and its various affiliates.&nbsp; During such period, Mr. Linville
will receive a monthly payment equal to one twelfth of Mr. Linville's annual
salary at the time of termination.&nbsp; </p>
<p style='font-size:12.0pt;font-family:"Times New Roman",serif;text-indent:30px; margin-left:0in; margin-right:0in'>If
Mr.&nbsp;Linville terminates the agreement for any or no reason, USPB need only
pay salary earned to the date of the termination, and the noncompetition
compensation, unless termination is the result of death or permanent
disability. If USPB terminates the agreement for any reason other than cause,
death or disability, or if Mr.&nbsp;Linville terminates the Employment
Agreement for good reason, Mr.&nbsp;Linville shall be entitled to salary and
benefits through employment year 2021; payment of certain fringe benefits
through employment year 2021; the annual incentive bonus for the year in which
the termination occurs and each subsequent year through employment year 2021;
the long-term incentive bonus that would have accrued had Mr.&nbsp;Linville
been employed through employment year 2021; and the payment of the
noncompetition compensation.</p><hr><p style="page-break-after:always"></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt;text-indent:.5in'>&nbsp;</p>
<p style='mso-style-name:"bspmBodj\,bj";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:justify;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman",serif;text-indent:0in;page-break-after:avoid'>
<b>Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial
Statements and Exhibits.</b></p>
<p style='mso-style-name:"bspmBod\,b";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman",serif;text-indent:0in;page-break-after:avoid'>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.&nbsp;
The following exhibits are filed pursuant to Item 9.01.</p>
<p style='mso-style-name:"bspmBod\,b";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman",serif;margin-left:1.0in;text-indent:-.5in;page-break-after:
avoid'>10.1&nbsp;&nbsp;&nbsp;&nbsp; CEO Employment Agreement between U.S. Premium Beef, LLC
(&quot;USPB&quot;) and Stanley D. Linville, executed on December 14, 2018 and effective
as of December 30, 2018. </p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman",serif;margin:0in;margin-bottom:.0001pt;text-align:center'>
<b>SIGNATURE</b></p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman",serif;margin:0in;margin-bottom:.0001pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<div align="right">
	<table border="0" width="50%">
		<tr>
			<td>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;margin-right:0in; margin-top:0in'>
<b>U.S. PREMIUM BEEF, LLC</b></p>
			</td>
		</tr>
		<tr>
			<td>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif; margin-right:0in; margin-top:0in'>&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif; margin-right:0in; margin-top:0in'>By:&nbsp;
<u>/s/ Stanley D. Linville</u>_______</p>
			</td>
		</tr>
		<tr>
			<td>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif; margin-right:0in; margin-top:0in'>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stanley
D. Linville,</p>
			</td>
		</tr>
		<tr>
			<td>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif; margin-right:0in; margin-top:0in'>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief
Executive Officer</p>
			</td>
		</tr>
	</table>
</div>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>Dated:&nbsp; December 14, 2018</p>

</body>

</html>
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{"company-data": {"conformed-name": "U. S. Premium Beef, LLC", "cik": "0001289237", "assigned-sic": "0200", "irs-number": "201576986", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-115164", "film-number": "181234770"}, "business-address": {"street1": "12200 NORTH AMBASSADOR DRIVE, SUITE 501", "city": "KANSAS CITY", "state": "MO", "zip": "64163", "phone": "816-713-8800"}, "mail-address": {"street1": "12200 NORTH AMBASSADOR DRIVE, SUITE 501", "city": "KANSAS CITY", "state": "MO", "zip": "64163"}, "former-company": {"former-conformed-name": "U. S. Premium Beef, Inc.", "date-changed": "20040504"}}
Prepared by EDGARX.com
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
Date of Report (date
of earliest event reported):  December 14, 2018
U.S. PREMIUM
BEEF, LLC
(Exact name of
Registrant as specified in its charter)
Delaware
(State
  or other jurisdiction of incorporation)
333-115164
20-1576986
(Commission File Number)
(I.R.S. Employer Identification No.)
12200 North Ambassador Drive
Kansas City, Missouri
64163
(Address of principal executive
  offices)
(Zip Code)
(816) 713-8800
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 (
see
General
Instruction A.2. below):
□  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))
Items under Sections 1 through 4 and 6 through 8 are not
applicable and are therefore omitted.
Item 5.02
Compensatory Arrangements
of Certain Officers.
On December 14, 2018, USPB and its CEO, entered into an "Amended CEO Employment Agreement Between
U.S. Premium Beef, LLC and Stanley D. Linville Employment Years 2016-2021".
Mr. Linville's
annual base salary will be $330,000.  Mr. Linville will be eligible for an
annual incentive compensation payment based on the financial performance of USPB and the benefits received by USPB's unitholders; that incentive
compensation will only be paid to Mr. Linville after certain levels of benefits
have been achieved.  Under the terms of the Employment Agreement, if the CEO is
employed by USPB on the last day of any employment year (except as otherwise
provided in the agreement) during the term of the Employment Agreement, the CEO
shall be paid annual incentive compensation equal to .75% of the sum of the
total financial benefits to USPB ("USPB Total Benefits") that exceed
$25,000,000.  USPB Total Benefits are: (1) audited fiscal year-end USPB
earnings before tax; and (2) the fiscal year USPB grid premiums, which is the
net sum of all USPB unitholder and associate grid premiums and discounts
calculated through all USPB grids at all plants as outlined in the Employment
Agreement.  Mr. Linville is also eligible for a long-term incentive payment
under the Employment Agreement.  If the CEO is employed by USPB on December 25,
2021, he is to be paid long-term incentive compensation equal to fifty one
hundredths of a percent (0.50%) of the amount by which USPB's Total Benefits
from December 30, 2018 to December 25, 2021 exceed $75,000,000.  The
Employment Agreement provides for a cumulative average annual cap of $495,000
for payments to Mr. Linville for annual and long-term incentive amounts.
The Employment
Agreement also provides for post termination compensation.  In addition to
the amounts described below that will be payable upon termination of the
Employment Agreement, Mr. Linville has agreed to a non-competition provision
that, for twelve (12) months following the termination of Mr. Linville's
employment with USPB, prohibits him from participating in the management or
control of any beef industry business or enterprise that competes with the
business of USPB and its various affiliates.  During such period, Mr. Linville
will receive a monthly payment equal to one twelfth of Mr. Linville's annual
salary at the time of termination.
If
Mr. Linville terminates the agreement for any or no reason, USPB need only
pay salary earned to the date of the termination, and the noncompetition
compensation, unless termination is the result of death or permanent
disability. If USPB terminates the agreement for any reason other than cause,
death or disability, or if Mr. Linville terminates the Employment
Agreement for good reason, Mr. Linville shall be entitled to salary and
benefits through employment year 2021; payment of certain fringe benefits
through employment year 2021; the annual incentive bonus for the year in which
the termination occurs and each subsequent year through employment year 2021;
the long-term incentive bonus that would have accrued had Mr. Linville
been employed through employment year 2021; and the payment of the
noncompetition compensation.
Item 9.01.       Financial
Statements and Exhibits.
(d)       Exhibits. 
The following exhibits are filed pursuant to Item 9.01.
10.1     CEO Employment Agreement between U.S. Premium Beef, LLC
("USPB") and Stanley D. Linville, executed on December 14, 2018 and effective
as of December 30, 2018.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
U.S. PREMIUM BEEF, LLC
By:
/s/ Stanley D. Linville
_______
Stanley
D. Linville,
Chief
Executive Officer
Dated:  December 14, 2018