0000048465false00000484652024-08-132024-08-13

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) August 13, 2024

HORMEL FOODS CORPORATION
(Exact name of registrant as specified in its charter)

Delaware1-240241-0319970
(State or Other Jurisdiction of
Incorporation)		(Commission File
Number)		(IRS Employer Identification Number)

1 Hormel Place, Austin, Minnesota
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 classTrading SymbolName of each exchange on which registered
Common Stock $0.01465 par valueHRLNew 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 August 13, 2024, Deanna Brady, executive vice president, retail, of Hormel Foods Corporation (the “Company”) gave notice of her intent to retire at the end of fiscal 2024, October 27, 2024.

Section 7 – 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
 
Item 9.01 Financial Statements and Exhibits
 
(d)    Exhibits
 
Exhibit NumberDescription
104The 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.


HORMEL FOODS CORPORATION
(Registrant)
Dated: August 19, 2024By:/s/ PAUL R. KUEHNEMAN
PAUL R. KUEHNEMAN
Vice President and Controller
(Principal Accounting Officer)

3
Exhibit 99
image_0a.jpg
FOR IMMEDIATE RELEASE

Contact:    Media Relations
        507-434-6352
        media@hormel.com

Hormel Foods Announces Retirement of Deanna Brady, Executive Vice President, Retail, after 28 Years of Distinguished Leadership
John Ghingo, former president of Applegate, rejoining the company as her successor

AUSTIN, Minn., (August 19, 2024) – Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announces the retirement of Deanna Brady, executive vice president, Retail, at the end of the fiscal year on Oct. 27, 2024. During nearly three decades of distinguished service to Hormel Foods, she successfully led teams across both the foodservice and retail lines of business and served as a key architect of the company’s results-driven, high-performing culture.

The company also announces the return of John Ghingo, who will join Hormel Foods on Sept. 2, 2024, and assume leadership of the Retail segment on Oct. 28, 2024. Ghingo is well known to Hormel Foods, having served as president of Applegate Farms, LLC from 2018 through 2022. He is an accomplished business leader with extensive experience in the consumer packaged goods industry and has a proven track record of driving brand growth.

“Deanna’s leadership, passion for change and unwavering commitment to both our business and community have left an indelible mark on Hormel Foods. She has guided numerous businesses to record growth and has managed multi-billion-dollar divisions. While her business achievements are impressive, it is the culture that she has built that will continue to inspire us. Her impact will be felt long after she steps into this well-deserved next chapter,” said Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods.

“I am delighted to welcome John back to Hormel Foods. He is a dynamic leader known for building strong teams and strong brands. I am confident that John is the ideal person to drive continued focus, innovation and growth within the Retail segment, aligned with our strategic priorities. His deep expertise in the consumer packaged goods space, coupled with his understanding of our business, positions him perfectly for success,” Snee continued.

About Deanna Brady
Brady began her career with Hormel Foods in September 1996 as a Foodservice territory manager in Wilkes-Barre, Penn., and held various Foodservice sales positions throughout the United States. She was promoted to Foodservice regional manager in Los Angeles, Calif., in 2003, and promoted to vice president, Foodservice sales in 2007. She advanced to group vice president, Foodservice, in 2015 and executive vice president of the company’s former Refrigerated Foods division in 2019. She assumed her current position in 2022.

Brady is a graduate of California Polytechnic State University (San Luis Obispo, Calif.), where she received a Bachelor of Science in dietetics and food administration. She is a registered dietitian.

About John Ghingo
After his tenure at Applegate, Ghingo served as the chief executive officer of a better-for-you snacking company owned by private equity firm Kainos Capital. Prior to Applegate, Ghingo served as the president of plant-based foods and beverages at The WhiteWave Foods Company, where he led the Silk and So Delicious Dairy Free brands. Before joining WhiteWave, he spent more than 15 years at Mondelēz International where he held numerous leadership roles in marketing and general management, supporting well-known brands such as Oreo, Planters, Cadbury and Trident.

Ghingo graduated from the University of Notre Dame and earned his MBA from the Stern School of Business at New York University.

Exhibit 99
ABOUT HORMEL FOODS — Inspired People. Inspired Food.™
Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $12 billion in annual revenue across more than 80 countries worldwide. Its brands include Planters®, Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin’s®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report, one of America’s most responsible companies by Newsweek, recognized on Fast Company’s list of the 100 Best Workplaces for Innovators, has appeared on the “100 Best Corporate Citizens” list by 3BL Media 13 times, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world’s most trusted and iconic brands to tables across the globe. For more information, visit hormelfoods.com.

v3.24.2.u1
Document and Entity Information
Aug. 13, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Aug. 13, 2024
Entity Registrant Name HORMEL FOODS CORPORATION
Entity Incorporation, State or Country Code DE
Entity File Number 1-2402
Entity Tax Identification Number 41-0319970
Entity Address, Address Line One 1 Hormel Place
Entity Address, City or Town Austin
Entity Address, State or Province MN
Entity Address, Postal Zip Code 55912-3680
City Area Code 507
Local Phone Number 437-5611
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock $0.01465 par value
Trading Symbol HRL
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0000048465
Amendment Flag false
Hormel Foods (NYSE:HRL)
Gráfica de Acción Histórica
De Sep 2024 a Oct 2024 Haga Click aquí para más Gráficas Hormel Foods.
Hormel Foods (NYSE:HRL)
Gráfica de Acción Histórica
De Oct 2023 a Oct 2024 Haga Click aquí para más Gráficas Hormel Foods.