secwatch.observer — SEC 8-K summary
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Issuer:     HERSHEY CO (HSY)
CIK:        0000047111
Form:       8-K
Filed at:   2025-07-08T23:59:59+00:00
Accession:  0000047111-25-000095
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hershey appoints Kirk Tanner as CEO, effective Aug. 18, 2025
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- Kirk Tanner, formerly CEO of Wendy's and PepsiCo Beverages NA, named President and CEO of Hershey effective Aug. 18, 2025.
- Tanner receives $1.25M base salary, 180% target bonus, and ~$14.4M in initial equity awards (RSUs and PSUs).
- Outgoing CEO Michele Buck retires as planned, will serve as special advisor until June 2026 and independent contractor through Dec. 2026.
- Buck announced retirement in Jan. 2025; no dispute or disagreement with the company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/47111/000004711125000095/0000047111-25-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47111/000004711125000095/hsy-20250706.htm
  HTML page:      https://secwatch.observer/filing/0000047111-25-000095

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