Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 27, 2023
HORMEL FOODS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
1-2402
41-0319970
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification Number)
1 Hormel Place, AustinMinnesota
55912-3680
(Address of principal executive offices)
(Zip Code)
(507) 437-5611
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock $0.01465 par value
HRL
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
Section 5 – CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 27, 2023, Hormel Foods Corporation (the Company) elected Ray Young and Mike Zechmeister to its Board of Directors, effective immediately. Mr. Young will join the Audit and Governance Committees of the Company's Board of Directors. Mr. Zechmeister will join the Audit and Compensation Committees of the Company's Board of Directors.
Neither Mr. Young nor Mr. Zechmeister is a party to any transaction with the Company or any subsidiary of the Company. The Company has not entered into any material contracts or arrangements in connection with their election to the Board of Directors. Mr. Young's and Mr. Zechmeister's compensation as a director will be consistent with the compensation policies applicable to the Company's other non-employee directors.
A copy of the press release is attached as Exhibit 99 to this Current Report on Form 8-K.
The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.
2
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.
