Hormel Foods Corp Announces Executive and Director Changes
Ticker: HRL · Form: 8-K · Filed: Mar 29, 2024 · CIK: 48465
Sentiment: neutral
Topics: executive-changes, board-of-directors, compensation
Related Tickers: HRL
TL;DR
Hormel's board is shuffling execs and changing comp plans. Keep an eye on this.
AI Summary
Hormel Foods Corporation announced on March 25, 2024, changes in its executive leadership. The company elected new directors and appointed new officers, including changes to its compensation arrangements for certain executives. Specific details regarding the individuals involved and the financial implications of these compensatory arrangements were not fully disclosed in this initial filing.
Why It Matters
Changes in key leadership and executive compensation can signal shifts in company strategy or financial priorities, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and director changes, especially when accompanied by compensation adjustments, can introduce uncertainty about future strategy and leadership stability.
Key Players & Entities
- HORMEL FOODS CORP (company) — Registrant
- Delaware (jurisdiction) — State of Incorporation
- 1-2402 (other) — Commission File Number
- 41-0319970 (other) — IRS Employer Identification Number
- 1 Hormel Place, Austin, Minnesota 55912-3680 (address) — Principal executive offices
- (507) 437-5611 (phone_number) — Registrant's telephone number
FAQ
What specific roles have been affected by the director and officer changes?
The filing indicates changes in the election of directors and appointment of certain officers, but does not specify the exact roles affected in this initial report.
When were these changes effective?
The earliest event reported is dated March 25, 2024.
Are the details of the compensatory arrangements for the officers disclosed?
The filing mentions compensatory arrangements of certain officers but does not provide specific details within this report.
What is the company's principal executive office address?
The principal executive offices are located at 1 Hormel Place, Austin, Minnesota 55912-3680.
What is the Commission File Number for Hormel Foods Corporation?
The Commission File Number for Hormel Foods Corporation is 1-2402.
Filing Stats: 491 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-03-29 16:38:57
Key Financial Figures
- $0.01465 — hange on which registered Common Stock $0.01465 par value HRL New York Stock Exchange
Filing Documents
- hrl-20240325.htm (8-K) — 22KB
- 0000048465-24-000015.txt ( ) — 142KB
- hrl-20240325.xsd (EX-101.SCH) — 2KB
- hrl-20240325_lab.xml (EX-101.LAB) — 21KB
- hrl-20240325_pre.xml (EX-101.PRE) — 12KB
- hrl-20240325_htm.xml (XML) — 3KB
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: March 29, 2024 By: /s/ JACINTH C. SMILEY JACINTH C. SMILEY Executive Vice President and Chief Financial Officer 3