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   <TITLE>Prepared by EDGARX.com</TITLE>
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<B><FONT size=4 face="serif">UNITED STATES <br>
SECURITIES AND EXCHANGE COMMISSION</FONT></B><FONT size=4 face="serif"> <br>
</FONT><FONT face="serif">Washington, D.C. 20549 </FONT>
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<B><font size="4" face="serif">FORM 8-K</font></B><font size="4" face="serif">
</font>
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<FONT face="serif">CURRENT REPORT <br>
PURSUANT TO SECTION 13 OR 15(d) OF <br>
THE SECURITIES EXCHANGE ACT OF 1934 </FONT>
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<FONT face="serif">Date of Report (date of earliest event reported): November 29, 2019 </FONT>
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<B><U><FONT face="serif">U.S. PREMIUM BEEF, LLC</FONT></U></B><FONT face="serif">
<br>
(Exact name of Registrant as specified in its charter) </FONT>
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<U><FONT face="serif">Delaware</FONT></U><FONT face="serif"> <br>
(State or other jurisdiction of incorporation) </FONT>
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<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
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   <TD align="center">&nbsp;&nbsp;&nbsp;<FONT face="serif">333-115164</FONT></TD>
   <TD align="center">&nbsp;</TD>
   <TD align="center"><FONT face="serif">20-1576986</FONT></TD>
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	<FONT face="serif">(Commission File Number)</FONT></TD>
   <TD align="center" style="border-bottom: medium none #000000">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD align="center" style="border-bottom: 1px solid #000000">
	<FONT face="serif">(I.R.S. Employer Identification No.)</FONT></TD>
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   <TD align="center">&nbsp;</TD>
   <TD align="center" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
   <TD align="center">&nbsp;</TD>
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   <TD align="center"><FONT face="serif">12200 North Ambassador Drive</FONT></TD>
   <TD align="center">&nbsp;</TD>
   <TD align="center">&nbsp;</TD>
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	<FONT face="serif">Kansas City, Missouri</FONT></TD>
   <TD align="center" style="border-bottom: medium none #000000">&nbsp;</TD>
   <TD align="center" style="border-bottom: 1px solid #000000">
	<FONT face="serif">64163</FONT></TD>
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   <TD align="center"><FONT face="serif">(Address of principal executive offices)</FONT></TD>
   <TD align="center" style="border-top-style: none; border-top-width: medium">&nbsp;</TD>
   <TD align="center"><FONT face="serif">(Zip Code)</FONT></TD>
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<FONT face="serif"> 	<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 	(816) 713-8800&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
</u>Registrant&#146;s telephone, number, including area code </FONT>
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<FONT face="serif"> 	&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 (</FONT><I><FONT
face="serif">see</FONT></I><FONT face="serif"> General Instruction A.2. below): </FONT>
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<P style="text-indent: 30px; margin-top: 0; margin-bottom: 0">
<FONT face="serif">&#9744;&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT>
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<P style="text-indent: 30px; margin-top: 0; margin-bottom: 0">
<FONT face="serif">&#9744;&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT>
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<P style="text-indent: 30px; margin-top: 0; margin-bottom: 0">
<FONT face="serif">&#9744;&nbsp;&nbsp; Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b)) </FONT>
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<P style="text-indent: 30px; margin-top: 0; margin-bottom: 0">
<FONT face="serif">&#9744;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT>
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<FONT face="serif">Items under Sections 1 through 6, and 8 and 9 are not applicable and therefore are omitted. </FONT>
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<B><FONT face="serif">ITEM 7.01 Regulation FD Disclosure. </FONT></B>
</P>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">On November 29, 2019, Jefferies Financial Group, Inc. (Jefferies) sold its remaining ownership interest in National Beef Packing Company, LLC (National Beef) to a combination of NBM US
Holdings, Inc., a Delaware corporation owned by Marfrig Global Foods S.A.; NBPCo Holdings, LLC; and TMK Holdings, LLC. U.S. Premium Beef, LLC&#146;s (USPB) Board of Directors elected to not participate in the acquisition and, as a result,
USPB&#146;s ownership interest in National Beef will remain at 15.0729%. </FONT>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">In conjunction with its sale of ownership interests, Jefferies also received a special distribution and a tax distribution from National Beef. The other members of National Beef also received
proportionate special distributions and tax distributions from National Beef, including U.S. Premium Beef, LLC&#146;s receipt of such distributions.</FONT>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">On December 4, 2019, based on receipt of the distributions from National Beef, USPB&#146;s Board of Directors approved a $67.7 million discretionary cash distribution to be made payable to USPB
members of record as of December 4, 2019.</FONT>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">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. </FONT>
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   <TD><B><FONT face="serif">U.S. PREMIUM BEEF, LLC</FONT></B></TD>
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   <TD>&nbsp;</TD>
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   <TD>
	<div style="border-bottom: 1px solid #000000">
		<FONT face="serif">By: /s/ Stanley D. Linville</FONT></div>
	</TD>
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   <TD>&nbsp;&nbsp;&nbsp;<FONT face="serif">Stanley D. Linville</FONT></TD>
</TR>
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   <TD>&nbsp;&nbsp;&nbsp;<FONT face="serif">Chief Executive Officer</FONT></TD>
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<FONT face="serif">Dated: December 4, 2019 </FONT>
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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": "191267542"}, "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): November 29, 2019
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 6, and 8 and 9 are not applicable and therefore are omitted.
ITEM 7.01 Regulation FD Disclosure.
On November 29, 2019, Jefferies Financial Group, Inc. (Jefferies) sold its remaining ownership interest in National Beef Packing Company, LLC (National Beef) to a combination of NBM US
Holdings, Inc., a Delaware corporation owned by Marfrig Global Foods S.A.; NBPCo Holdings, LLC; and TMK Holdings, LLC. U.S. Premium Beef, LLC's (USPB) Board of Directors elected to not participate in the acquisition and, as a result,
USPB's ownership interest in National Beef will remain at 15.0729%.
In conjunction with its sale of ownership interests, Jefferies also received a special distribution and a tax distribution from National Beef. The other members of National Beef also received
proportionate special distributions and tax distributions from National Beef, including U.S. Premium Beef, LLC's receipt of such distributions.
On December 4, 2019, based on receipt of the distributions from National Beef, USPB's Board of Directors approved a $67.7 million discretionary cash distribution to be made payable to USPB
members of record as of December 4, 2019.
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 4, 2019