{"schema_version":"secwatch.filing_event.v1","accession":"0000048465-23-000066","form_type":"8-K","ticker":"HRL","cik":"0000048465","company_name":"HORMEL FOODS CORP /DE/","filed_at":"2023-08-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.365326+00:00","generated_at":"2026-06-11T05:51:16.376621+00:00","sec_items":["7.01","9.01"],"event_type":"litigation","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Hormel Foods faces $70M pre-tax charge from unfavorable arbitration ruling","bullets":["Arbitrator awarded $59.6M in damages, $5.3M prejudgment interest, and attorneys' fees to a third party.","Estimated pre-tax impact of $70M will be recognized in Q3 FY2023 operating expenses and accrued liabilities.","One-time payment expected in Q4 FY2023; ruling is final with no right of appeal or judicial review.","Company says the dispute is isolated, unrelated to core business, and does not affect continuing operations or long-term outlook.","Standard confidentiality provisions bar Hormel from disclosing the substance of the arbitration ruling."],"urls":{"canonical":"https://secwatch.observer/filing/0000048465-23-000066","json":"https://secwatch.observer/filing/0000048465-23-000066.json","markdown":"https://secwatch.observer/filing/0000048465-23-000066.md","text":"https://secwatch.observer/filing/0000048465-23-000066.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/48465/000004846523000066/0000048465-23-000066-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48465/000004846523000066/hrl-20230815.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T05:51:16.376621+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}