Hormel Foods Reports on Shareholder Vote
Ticker: HRL · Form: 8-K · Filed: Jan 31, 2025 · CIK: 48465
Sentiment: neutral
Topics: shareholder-vote, corporate-governance
Related Tickers: HRL
TL;DR
HRL held a shareholder vote on Jan 28th, details to follow.
AI Summary
Hormel Foods Corporation (HRL) filed an 8-K on January 31, 2025, reporting on a matter submitted to a vote of security holders on January 28, 2025. The filing does not disclose the specific outcome or details of the vote, only that it occurred.
Why It Matters
This filing indicates a formal shareholder vote took place, which could relate to corporate governance, executive compensation, or other significant company decisions.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a shareholder vote without immediate financial implications or significant changes.
Key Players & Entities
- HORMEL FOODS CORP /DE/ (company) — Registrant
- January 28, 2025 (date) — Date of earliest event reported
- January 31, 2025 (date) — Date of report
FAQ
What specific matter was submitted to a vote of Hormel Foods' security holders on January 28, 2025?
The filing does not specify the exact matter voted upon, only that a submission to a vote of security holders occurred on January 28, 2025.
What was the outcome of the shareholder vote on January 28, 2025?
The 8-K filing does not disclose the results or outcome of the shareholder vote.
Is there any financial information or new guidance provided in this 8-K filing?
No, this 8-K filing is primarily to report on a submission to a vote of security holders and does not contain new financial information or guidance.
When was this 8-K report filed with the SEC?
This 8-K report was filed with the SEC on January 31, 2025.
Does this filing indicate any changes in Hormel Foods' corporate structure or leadership?
The filing does not explicitly state any changes in corporate structure or leadership; it only reports that a matter was submitted to a vote of security holders.
Filing Stats: 625 words · 3 min read · ~2 pages · Grade level 9.3 · Accepted 2025-01-31 16:54:58
Key Financial Figures
- $0.01465 — hange on which registered Common Stock $0.01465 par value HRL New York Stock Exchange
Filing Documents
- hrl-20250128.htm (8-K) — 41KB
- 0000048465-25-000002.txt ( ) — 163KB
- hrl-20250128.xsd (EX-101.SCH) — 2KB
- hrl-20250128_lab.xml (EX-101.LAB) — 21KB
- hrl-20250128_pre.xml (EX-101.PRE) — 12KB
- hrl-20250128_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders Hormel Foods Corporation (the Company) conducted its annual stockholders meeting on January 28, 2025. At the annual meeting, 502,310,617 shares were represented (91.5 percent of the 549,012,922 shares outstanding and entitled to vote). Three items were considered at the meeting and the results of the voting were as follows: 1. Election of Directors: The nominees in the proxy statement were: Gary C. Bhojwani, Stephen M. Lacy, Elsa A. Murano, Ph.D., William A. Newlands, Christopher J. Policinski, Debbra L. Schoneman, Sally J. Smith, James P. Snee, Steven A. White, and Michael P. Zechmeister. The results were as follows: DIRECTOR : FOR AGAINST ABSTAIN BROKER NON-VOTE Gary C. Bhojwani 454,187,556 11,523,902 831,479 35,767,680 Stephen M. Lacy 437,725,566 28,194,231 623,140 35,767,680 Elsa A. Murano, Ph.D. 454,995,415 10,617,581 929,941 35,767,680 William A. Newlands 458,061,884 7,832,467 648,586 35,767,680 Christopher J. Policinski 455,581,657 10,293,759 667,521 35,767,680 Debbra L. Schoneman 460,830,449 5,052,858 659,630 35,767,680 Sally J. Smith 455,770,249 10,156,733 615,955 35,767,680 James P. Snee 453,908,746 11,085,134 1,549,057 35,767,680 Steven A. White 457,272,494 8,656,885 613,558 35,767,680 Michael P. Zechmeister 460,124,383 5,717,241 701,313 35,767,680 2. Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending October 26, 2025: For 489,497,156 Against 12,343,421 Abstain 470,040 3. Advisory vote to approve the Company's Named Executive Officer compensation as disclosed in the Company's 2025 annual meeting proxy statement (as filed with the Securities and Exchange Commission on December 18, 2024): For 448,945,353 Against 15,995,593 Abstain 1,601,991 Broker Non-Vote 35,767,680 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: January 31, 2025 By /s/ JAMES P. SNEE JAMES P. SNEE Chairman of the Board, President and Chief Executive Officer 3