Hormel Foods Files 8-K on Officer Changes, Compensation
Ticker: HRL · Form: 8-K · Filed: Feb 1, 2024 · CIK: 48465
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, executive-compensation, officer-changes
TL;DR
**Hormel Foods just filed an 8-K about executive changes and pay, keep an eye on leadership shifts.**
AI Summary
Hormel Foods Corporation filed an 8-K on February 1, 2024, to report on the departure or election of directors/officers and their compensatory arrangements. This filing also covers financial statements and exhibits. For investors, this matters because changes in leadership and executive compensation can signal shifts in company strategy or financial health, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and compensation structures can influence a company's strategic direction and financial stability, directly affecting investor confidence and stock valuation.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure about corporate governance and compensation, not indicating any immediate financial distress or major operational changes.
Analyst Insight
Investors should monitor subsequent filings or company announcements for specific details regarding the executive changes and compensation arrangements mentioned, as these could influence future company performance and strategy.
Key Numbers
- $0.01465 — Common Stock Par Value (This is the stated par value per share of Hormel Foods' Common Stock.)
Key Players & Entities
- HORMEL FOODS CORP /DE/ (company) — the registrant filing the 8-K
- February 1, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — state of incorporation for Hormel Foods Corporation
- New York Stock Exchange (company) — exchange where Hormel Foods Common Stock is registered
- $0.01465 (dollar_amount) — par value of Common Stock
Forward-Looking Statements
- Hormel Foods will provide more specific details on executive changes and compensation in future filings or press releases. (HORMEL FOODS CORP /DE/) — medium confidence, target: Q1 2024
FAQ
What is the primary purpose of this 8-K filing by Hormel Foods Corporation?
The primary purpose of this 8-K filing, dated February 1, 2024, is to report on the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'.
What is the filing date and the date of the earliest event reported for this 8-K?
Both the filing date and the date of the earliest event reported for this 8-K are February 1, 2024.
Where is Hormel Foods Corporation incorporated?
Hormel Foods Corporation is incorporated in Delaware, as stated in the filing.
On which stock exchange is Hormel Foods Corporation's Common Stock registered?
Hormel Foods Corporation's Common Stock, with a par value of $0.01465, is registered on the New York Stock Exchange.
What is the business address of Hormel Foods Corporation as listed in the filing?
The business address of Hormel Foods Corporation is 1 Hormel Place, Austin, Minnesota 55912-3680, with a business phone number of (507) 437-5611.
Filing Stats: 472 words · 2 min read · ~2 pages · Grade level 14.2 · Accepted 2024-01-31 19:52:20
Key Financial Figures
- $0.01465 — hange on which registered Common Stock $0.01465 par value HRL New York Stock Exchange
Filing Documents
- hrl-20240201.htm (8-K) — 24KB
- pressrelease.htm (EX-99) — 13KB
- image_0a.jpg (GRAPHIC) — 25KB
- 0000048465-24-000002.txt ( ) — 199KB
- hrl-20240201.xsd (EX-101.SCH) — 2KB
- hrl-20240201_lab.xml (EX-101.LAB) — 24KB
- hrl-20240201_pre.xml (EX-101.PRE) — 12KB
- hrl-20240201_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99 Press release issued February 1, 2024 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL. 2
SIGNATURES
SIGNATURES 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. HORMEL FOODS CORPORATION (Registrant) Dated: February 1, 2024 By /s/ PAUL R. KUEHNEMAN PAUL R. KUEHNEMAN Vice President and Controller (Principal Accounting Officer) 3