Hormel Foods Appoints New CFO and Directors
Ticker: HRL · Form: 8-K · Filed: Aug 19, 2024 · CIK: 48465
Sentiment: neutral
Topics: executive-changes, board-of-directors, cfo-appointment
Related Tickers: HRL
TL;DR
Hormel just swapped out their CFO and added new board members. Big changes incoming?
AI Summary
Hormel Foods Corporation announced on August 13, 2024, a series of executive changes. The company elected new directors and appointed new officers, including a new Chief Financial Officer, effective immediately. These changes are part of the company's ongoing strategic initiatives.
Why It Matters
Changes in key executive positions like CFO can signal shifts in financial strategy or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive changes, especially at the CFO level, can introduce uncertainty regarding future financial strategies and operational direction.
Key Players & Entities
- HORMEL FOODS CORP /DE/ (company) — Registrant
- August 13, 2024 (date) — Date of earliest event reported
- 1 HORMEL PLACE (address) — Principal executive offices
- AUSTIN (city) — Principal executive offices
- MINNESOTA (state) — Principal executive offices
- 55912-3680 (zip_code) — Principal executive offices
- (507) 437-5611 (phone_number) — Registrant's telephone number
FAQ
Who were the newly elected directors and appointed officers?
The filing states that directors were elected and officers were appointed, but does not name the specific individuals in this section of the 8-K.
What is the effective date of these executive changes?
The earliest event reported is August 13, 2024, indicating the changes are effective as of this date or shortly thereafter.
What specific roles were affected by these appointments?
The filing mentions the election of directors and the appointment of certain officers, including a Chief Financial Officer, and details compensatory arrangements.
What is Hormel Foods Corporation's state of incorporation and IRS number?
Hormel Foods Corporation is incorporated in Delaware and has an IRS Employer Identification Number of 41-0319970.
Where are Hormel Foods Corporation's principal executive offices located?
The principal executive offices are located at 1 Hormel Place, Austin, Minnesota 55912-3680.
Filing Stats: 500 words · 2 min read · ~2 pages · Grade level 13.1 · Accepted 2024-08-19 17:07:57
Key Financial Figures
- $0.01465 — hange on which registered Common Stock $0.01465 par value HRL New York Stock Exchange
Filing Documents
- hrl-20240813.htm (8-K) — 26KB
- exhibit99-pressrelease.htm (EX-99) — 13KB
- image_0a.jpg (GRAPHIC) — 66KB
- 0000048465-24-000035.txt ( ) — 255KB
- hrl-20240813.xsd (EX-101.SCH) — 2KB
- hrl-20240813_lab.xml (EX-101.LAB) — 21KB
- hrl-20240813_pre.xml (EX-101.PRE) — 12KB
- hrl-20240813_htm.xml (XML) — 3KB
01 Regulation FD
Item 7.01 Regulation FD On August 19, 2024, the Company issued a press release announcing Ms. Brady's retirement. A copy of the press release is furnished as Exhibit 99 to this Form 8-K and is incorporated herein by reference. Section 9 – FINANCIAL STATEMENTS AND EXHIBITS
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99 Press release issued August 19, 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: August 19, 2024 By: /s/ PAUL R. KUEHNEMAN PAUL R. KUEHNEMAN Vice President and Controller (Principal Accounting Officer) 3