General Mills 8-K: Officer Changes, Comp Arrangements, Debt Details
Ticker: GIS · Form: 8-K · Filed: Feb 7, 2024 · CIK: 40704
| Field | Detail |
|---|---|
| Company | General Mills INC (GIS) |
| Form Type | 8-K |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, executive-changes, debt, compensation
TL;DR
**General Mills filed an 8-K about executive changes, compensation, and existing debt.**
AI Summary
General Mills, Inc. filed an 8-K on February 7, 2024, to report the departure or election of certain officers and directors, as well as compensatory arrangements for officers. This filing also includes information about various notes due in 2025, 2026, 2027, and 2029, with interest rates ranging from 0.125% to 3.907%. For investors, this matters because changes in leadership and executive compensation can signal shifts in company strategy or financial health, while details on debt obligations provide insight into the company's financial structure and future cash flow commitments.
Why It Matters
Changes in executive leadership and compensation can impact company direction and performance, while debt details reveal financial obligations and risk.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of corporate governance and financial details, not indicating any immediate high-risk events.
Analyst Insight
Investors should review any subsequent filings or press releases from General Mills for specific details on the executive changes and compensation arrangements, as this 8-K only broadly indicates these events.
Key Numbers
- 0.125% — Interest Rate (for notes due 2025)
- 0.450% — Interest Rate (for notes due 2026)
- 1.500% — Interest Rate (for notes due 2027)
- 3.907% — Interest Rate (for notes due 2029)
Key Players & Entities
- General Mills, Inc. (company) — the registrant filing the 8-K
- February 7, 2024 (date) — date of earliest event reported and filing date
- 0.125% (dollar_amount) — interest rate for notes due 2025
- 0.450% (dollar_amount) — interest rate for notes due 2026
- 1.500% (dollar_amount) — interest rate for notes due 2027
- 3.907% (dollar_amount) — interest rate for notes due 2029
FAQ
What is the earliest event reported in this 8-K filing by General Mills, Inc.?
The earliest event reported in this 8-K filing by General Mills, Inc. occurred on February 7, 2024.
What specific items are reported under 'ITEM INFORMATION' in this 8-K?
The 'ITEM INFORMATION' in this 8-K includes 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'.
What are the interest rates and maturity years for the notes mentioned in the filing?
The filing mentions notes with a 0.125% interest rate due in 2025, 0.450% due in 2026, 1.500% due in 2027, and 3.907% due in 2029.
What is General Mills, Inc.'s business address as stated in the filing?
General Mills, Inc.'s business address is Number One General Mills Boulevard, Minneapolis, Minnesota 55426.
Under which SEC Act is this Form 8-K filed?
This Form 8-K is filed under the 1934 Act, pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 508 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-02-07 09:10:06
Filing Documents
- d690017d8k.htm (8-K) — 31KB
- d690017dex99.htm (EX-99) — 5KB
- 0001193125-24-025992.txt ( ) — 208KB
- gis-20240207.xsd (EX-101.SCH) — 5KB
- gis-20240207_def.xml (EX-101.DEF) — 14KB
- gis-20240207_lab.xml (EX-101.LAB) — 24KB
- gis-20240207_pre.xml (EX-101.PRE) — 15KB
- d690017d8k_htm.xml (XML) — 9KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits . 99 Press Release dated February 7, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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 hereunto duly authorized. Date: February 7, 2024 GENERAL MILLS, INC. By: /s/ Karen Wilson Thissen Name: Karen Wilson Thissen Title: General Counsel and Secretary