Hormel Foods Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$HRL
Meat/Poultry/Fish
Consumer Staples
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) January 28, 2025
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification Number) | |||||||||
| (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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | |||||||||||||||
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 5.07 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 | |||||||
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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 | ||||||||
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