Hormel Foods Announces Executive and Director Changes
Ticker: HRL · Form: 8-K · Filed: Sep 23, 2024 · CIK: 48465
Sentiment: neutral
Topics: executive-changes, board-changes, officer-appointment
Related Tickers: HRL
TL;DR
Hormel Foods shakes up exec team and board. Big changes coming?
AI Summary
Hormel Foods Corporation announced on September 21, 2024, changes in its executive leadership. The company appointed new officers and elected directors, alongside updates to its compensatory arrangements. Specific details regarding the individuals appointed or elected, and the terms of their compensation, are expected to be further elaborated in the filing.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- HORMEL FOODS CORP /DE/ (company) — Registrant
- September 21, 2024 (date) — Date of earliest event reported
- 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 filled or changed within Hormel Foods' executive team?
The filing indicates the appointment of certain officers and changes in directorship, but specific names and roles are not detailed in this summary.
When did these executive and director changes become effective?
The earliest event reported is dated September 21, 2024.
Are there any details provided about the new compensatory arrangements for the officers?
The filing mentions updates to compensatory arrangements of certain officers, but specific terms are not elaborated in this summary.
What is the primary business of Hormel Foods Corporation?
Hormel Foods Corporation is primarily involved in meat packing plants, as indicated by its Standard Industrial Classification code.
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: 605 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2024-09-23 16:43:09
Key Financial Figures
- $0.01465 — hange on which registered Common Stock $0.01465 par value HRL New York Stock Exchange
Filing Documents
- hrl-20240921.htm (8-K) — 27KB
- fy24p11-ex99xpressrelease.htm (EX-99) — 11KB
- image_0a.jpg (GRAPHIC) — 66KB
- 0000048465-24-000043.txt ( ) — 253KB
- hrl-20240921.xsd (EX-101.SCH) — 2KB
- hrl-20240921_lab.xml (EX-101.LAB) — 21KB
- hrl-20240921_pre.xml (EX-101.PRE) — 12KB
- hrl-20240921_htm.xml (XML) — 3KB
01 Regulation FD
Item 7.01 Regulation FD On September 23, 2024, the Company issued a press release announcing Ms. Schoneman's election to the Board. A copy of the press release is furnished as Exhibit 99 to this Current Report on 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 Se ptember 23 , 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: September 23, 2024 By: /s/ PAUL R. KUEHNEMAN PAUL R. KUEHNEMAN Vice President and Controller Principal Accounting Officer 3