{"schema_version":"secwatch.filing_event.v1","accession":"0000048465-23-000078","form_type":"8-K","ticker":"HRL","cik":"0000048465","company_name":"HORMEL FOODS CORP /DE/","filed_at":"2023-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.701389+00:00","generated_at":"2026-06-08T00:33:02.508862+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Hormel Foods finalizes separation of SVP & General Counsel Lori Marco; receives $647K in benefits","bullets":["Separation effective Oct 27, 2023; separation agreement signed Nov 13, 2023.","Receives $646.7K in total benefits: $380K base salary, $169.4K OSP, $32.3K LTI prorated, $50K fees, $15K COBRA.","Agreement includes 12-month non-solicitation, perpetual confidentiality, non-disparagement, and full release of claims.","Company waives enforcement of prior non-compete covenants under applicable incentive plans."],"urls":{"canonical":"https://secwatch.observer/filing/0000048465-23-000078","json":"https://secwatch.observer/filing/0000048465-23-000078.json","markdown":"https://secwatch.observer/filing/0000048465-23-000078.md","text":"https://secwatch.observer/filing/0000048465-23-000078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/48465/000004846523000078/0000048465-23-000078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48465/000004846523000078/hrl-20231113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T00:33:02.508862+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":[{"claim_id":"20dfd1d95b","claim":"Lori J. Marco departed as Senior Vice President, External Affairs and General Counsel at HORMEL FOODS CORP /DE/.","evidence_excerpt":"On November 13, 2023, in connection with the previously disclosed separation of Lori J. Marco, the Senior Vice President, External Affairs and General Counsel of Hormel Foods Corporation (the “Company”), the Company and Ms. Marco entered into a separation agreement and general release (the “Separation Agreement”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/48465/000004846523000078/0000048465-23-000078-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"separated"},{"label":"Role","value":"Senior Vice President, External Affairs and General Counsel"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}