Hormel Foods Files Proxy Supplement for 2025 Shareholder Meeting
Ticker: HRL · Form: DEFA14A · Filed: Jan 14, 2025 · CIK: 48465
Sentiment: neutral
Topics: proxy, annual-meeting, governance
Related Tickers: HRL
TL;DR
Hormel Foods (HRL) dropped its proxy statement supplement for the 2025 annual meeting. Get the details before you vote.
AI Summary
Hormel Foods Corporation (HRL) filed a Definitive Proxy Statement (DEFA14A) on January 14, 2025, for its 2025 Annual Meeting of Stockholders. The filing provides supplemental information to the proxy statement, which was originally issued on December 1. The document details the company's governance and matters to be voted on by shareholders.
Why It Matters
This filing is important for shareholders as it contains crucial information regarding the upcoming annual meeting, including details on voting procedures and company proposals that may affect their investment.
Risk Assessment
Risk Level: low — This is a routine proxy filing providing information to shareholders and does not indicate any unusual financial or operational risks.
Key Players & Entities
- HORMEL FOODS CORP (company) — Registrant
- 0001104659-25-003252 (filing_id) — Accession Number
- 20250114 (date) — Filing Date
- 2025 (date) — Annual Meeting Year
FAQ
What type of filing is this DEFA14A for Hormel Foods?
This is a Definitive Proxy Statement (DEFA14A) filed by Hormel Foods Corporation.
When was this supplemental filing made?
This supplemental filing was made on January 14, 2025.
What is the purpose of this filing?
The purpose is to provide supplemental information to the proxy statement for the 2025 Annual Meeting of Stockholders.
What is the company's ticker symbol?
While not explicitly stated in the provided text, Hormel Foods Corporation is publicly traded and commonly known by its ticker symbol HRL.
What is the company's fiscal year end?
Hormel Foods Corporation's fiscal year ends on October 27.
Filing Stats: 2,286 words · 9 min read · ~8 pages · Grade level 13.6 · Accepted 2025-01-14 06:45:21
Key Financial Figures
- $12 billion — branded food company with approximately $12 billion in annual revenue across more than 80 c
- $4.0 million — year 2025 with an award target value of $4.0 million; (v) be eligible to receive an equity a
- $50,000 — ided vehicle, and a lump-sum payment of $50,000 for legal fees relating to this arrange
- $2.0 million — e monthly fees totaling an aggregate of $2.0 million; (ii) participate under the Company&rsq
- $1.85 million — case with a target award opportunity of $1.85 million pro-rated for the length of Mr. Snee&rs
- $1.5 million — Options with a grant date fair value of $1.5 million and RSUs with a grant date fair value o
Filing Documents
- tm253152d2_defa14a.htm (DEFA14A) — 27KB
- 0001104659-25-003252.txt ( ) — 28KB
FORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS This news release contains “forward-looking” information within the meaning of the federal securities laws. The “forward-looking” information may include statements concerning the Company’s outlook for the future as well as other statements of beliefs, future plans, strategies, or anticipated events and similar expressions concerning matters that are not historical facts. Words or phrases such as “should result,” “believe,” “intend,” “plan,” “are expected to,” “targeted,” “will continue,” “will approximate,” “is anticipated,” “estimate,” “project,” or similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those anticipated or projected, which factors include, but are not limited to, risks related to the deterioration of economic conditions; risks associated with acquisitions, joint ventures, equity investments, and divestitures; potential disruption of operations, including at co-manufacturers, suppliers, logistics providers, customers, or other third-party service providers; failure to realize anticipated cost savings or operating efficiencies associated with strategic initiatives; risk of loss of a material contract; the Company’s inability to protect information technology systems against, or effectively respond to, cyber attacks or security breaches; deterioration of labor relations, labor availability or increases to labor costs; general risks of the food industry, including food contamination; outbreaks of disease among livestock and poultry flocks; fluctuations in commodity prices and availability of raw materials and other inputs; fluctuations in market demand for the Company’s products; damage to t