Amendment: Hormel Foods Corporation filed SEC Form 8-K: Leadership Update
$HRL
Meat/Poultry/Fish
Consumer Staples
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 23, 2025
(Exact name of registrant as specified in its charter)
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(507 ) 437-5611
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Emerging growth company ☐
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
This Form 8-K/A amends the Form 8-K filed by Hormel Foods Corporation (the “Company”) on October 29, 2025 (the “Prior 8-K”). As disclosed in the Prior 8-K, Mr. Paul Kuehneman was appointed as Interim Chief Financial Officer and Controller, effective October 27, 2025. In connection with this transition, Mr. Kuehneman will receive the following compensation and benefits: (1) during his service in the interim role, an annual base salary at the rate of $500,000 per year; (2) participation in the Company’s annual short-term incentive compensation program, with a target award opportunity equal to $300,000 for the fiscal year 2026 performance period; (3) participation in The Hormel Foods Corporation 2018 Operators’ Share Incentive Compensation Subplan, with an aggregate grant of 70,000 operators’ shares for the fiscal year 2026 performance period; (4) participation in the Company’s long-term incentive compensation plan, with a long-term incentive target of $550,000 for fiscal year 2026, $125,000 of which will be delivered in the form of long-term performance-based cash incentive awards, $125,000 of which will be delivered in the form of stock option awards, and $300,000 of which will be delivered in the form of time-based restricted stock units; and (5) standard executive benefit and health and welfare plan participation.
Mr. Kuehneman has previously entered into the Company’s standard indemnification agreement applicable to senior executives and the Company’s standard restrictive covenant agreement applicable to senior executives.
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 | ||||||||
| Dated: October 31, 2025 | By: | /s/ Colleen Batcheler | ||||||
| Name: Colleen Batcheler | ||||||||
| Title: Senior Vice President, External Affairs, General Counsel & Corporate Secretary | ||||||||