---
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"
generated_at: "2026-06-08T00:33:02.508862+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Hormel Foods finalizes separation of SVP & General Counsel Lori Marco; receives $647K in benefits

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000048465-23-000078
- JSON: https://secwatch.observer/filing/0000048465-23-000078.json
- Plain text: https://secwatch.observer/filing/0000048465-23-000078.txt

## Key facts
- Executive change
  Lori J. Marco departed as Senior Vice President, External Affairs and General Counsel at HORMEL FOODS CORP /DE/.
  - Action: separated
  - Role: Senior Vice President, External Affairs and General Counsel
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/48465/000004846523000078/0000048465-23-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.