8-K
filed February 3, 2023, 6:59 PM ET
ticker HRL
CIK 0000048465
other
confidence high
sentiment neutral
materiality 0.15
Hormel Foods reports annual shareholder meeting results; all directors elected, say-on-pay approved
HORMEL FOODS CORP /DE/
- All 11 director nominees elected with majority support; broker non-votes on each.
- Ratification of Ernst & Young as auditor for FY 2023 passed with 490M for, 10.5M against.
- Advisory vote on executive compensation approved with 453M for (97.5% of votes cast).
- Stockholder proposal on WHO antimicrobial guidelines defeated with 436M against.
- Board determined to hold annual say-on-pay vote after frequency vote favored every year.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HORMEL FOODS CORP /DE/ shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending October 29, 2023 at the 2023-01-31 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-01-31
Exact text from the filing
2. Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending October 29, 2023: For: 490,062,300 Against: 10,521,289 Abstain: 494,604
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HORMEL FOODS CORP /DE/ shareholders approved Advisory vote to approve the Company’s Named Executive Officer compensation as disclosed in the Company’s 2023 annual meeting proxy statement (as filed with the Securities and Exchange Commission on December 21, 2022) at the 2023-01-31 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-01-31
Exact text from the filing
3. Advisory vote to approve the Company’s Named Executive Officer compensation as disclosed in the Company’s 2023 annual meeting proxy statement (as filed with the Securities and Exchange Commission on December 21, 2022): For: 453,374,829 Against: 11,351,300 Abstain: 1,228,208 Broker Non-Vote: 35,123,856
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HORMEL FOODS CORP /DE/ shareholders approved Advisory vote to determine the frequency of the stockholder advisory vote to approve Named Executive Officer compensation set forth in the Company’s proxy statement at the 2023-01-31 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-01-31
Exact text from the filing
4. Advisory vote to determine the frequency of the stockholder advisory vote to approve Named Executive Officer compensation set forth in the Company’s proxy statement: Every Year: 460,832,645 Every Two Years: 428,255 Every Three Years: 3,927,412 Abstain: 766,025 Broker Non-Vote: 35,123,856
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HORMEL FOODS CORP /DE/ shareholders rejected Stockholder proposal requesting the Company comply with World Health Organization guidelines on antimicrobial use throughout its supply chains at the 2023-01-31 meeting.
- Outcome
- failed
- Meeting
- 2023-01-31
Exact text from the filing
5. Stockholder proposal requesting the Company comply with World Health Organization guidelines on antimicrobial use throughout its supply chains: For: 27,382,976 Against: 436,218,732 Abstain: 2,352,629 Broker Non-Vote: 35,123,856
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HORMEL FOODS CORP /DE/ shareholders approved Election of Directors at the 2023-01-31 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-01-31
Exact text from the filing
1. Election of Directors: The nominees in the proxy statement were: Prama Bhatt, Gary C. Bhojwani, Stephen M. Lacy, Elsa A. Murano, Ph.D., Susan K. Nestegard, William A. Newlands, Christopher J. Policinski, Jose Luis Prado, Sally J. Smith, James P. Snee, and Steven A. White. The results were as follows: DIRECTOR : FOR AGAINST ABSTAIN BROKER NON-VOTE Prama Bhatt 462,682,222 2,656,200 615,915 35,123,856 Gary C. Bhojwani 431,658,836 33,861,891 433,610 35,123,856 Stephen M. Lacy 442,535,774 23,024,674 393,889 35,123,856 Elsa A. Murano, Ph.D. 457,109,309 8,431,017 414,011 35,123,856 Susan K. Nestegard 456,931,326 8,549,676 473,335 35,123,856 William A. Newlands 462,501,732 3,017,270 435,335 35,123,856 Christopher J. Policinski 459,824,596 5,750,039 379,702 35,123,856 Jose Luis Prado 463,381,581 2,147,040 425,716 35,123,856 Sally J. Smith 461,538,698 3,981,669 433,970 35,123,856 James P. Snee 452,722,730 10,163,567 3,068,040 35,123,856 Steven A. White 453,354,194 12,217,025 383,118 35,123,85
View on SEC.gov
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