8-K
filed February 2, 2024, 6:59 PM ET
ticker HRL
CIK 0000048465
other
confidence high
sentiment neutral
materiality 0.30
Hormel Foods annual meeting results; director Raymond G. Young resigns
HORMEL FOODS CORP /DE/
- All 12 director nominees elected with >98% support each (excluding broker non-votes).
- Shareholders approved charter amendment to allow officer exculpation (96.4% for).
- Ernst & Young ratified as auditor for FY2024 with 98.0% of votes cast.
- Advisory say-on-pay passed with 96.7% support.
- Director Raymond G. Young resigned effective Feb 1, 2024; board thanks him for service.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Raymond G. Young resigned as Director at HORMEL FOODS CORP /DE/.
- Action
- resigned
- Role
- Director
Exact text from the filing
On February 1, 2024, Raymond G. Young resigned from the Hormel Foods Corporation Board of Directors, effective immediately, having meaningfully contributed to the Board during his tenure.
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 2024 annual meeting proxy statement (as filed with the Securities and Exchange Commission on December 20, 2023) at the 2024-01-30 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-01-30
Exact text from the filing
4. Advisory vote to approve the Company's Named Executive Officer compensation as disclosed in the Company's 2024 annual meeting proxy statement (as filed with the Securities and Exchange Commission on December 20, 2023): For 444,749,410 Against 15,348,953 Abstain 1,335,423 Broker Non-Vote 37,219,876
View on SEC.gov
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 27, 2024 at the 2024-01-30 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-01-30
Exact text from the filing
3. Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending October 27, 2024: For 488,559,886 Against 9,353,747 Abstain 740,029
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 2024-01-30 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-01-30
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., William A. Newlands, Christopher J. Policinski, Jose Luis Prado, Sally J. Smith, James P. Snee, Steven A. White, Raymond G. Young, and Michael P. Zechmeister. The results were as follows: DIRECTOR : FOR AGAINST ABSTAIN BROKER NON-VOTE Prama Bhatt 454,871,443 5,800,227 762,116 37,219,876 Gary C. Bhojwani 441,297,654 19,462,215 673,917 37,219,876 Stephen M. Lacy 435,958,866 24,824,637 650,283 37,219,876 Elsa A. Murano, Ph.D. 448,996,030 11,767,456 670,300 37,219,876 William A. Newlands 450,513,938 10,180,027 739,821 37,219,876 Christopher J. Policinski 452,666,246 8,141,543 625,997 37,219,876 Jose Luis Prado 451,293,051 9,452,610 688,125 37,219,876 Sally J. Smith 454,929,354 5,898,575 605,857 37,219,876 James P. Snee 443,976,459 16,140,165 1,317,162 37,219,876 Steven A. White 449,293,787 11,393,721 746,278 37,219,876 Raymond G. Young 456,056,972 4,675
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HORMEL FOODS CORP /DE/ shareholders approved Approve the amendment of the Company's Restated Certificate of Incorporation to allow for exculpation of officers as permitted by Delaware law at the 2024-01-30 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-01-30
Exact text from the filing
2. Approve the amendment of the Company's Restated Certificate of Incorporation to allow for exculpation of officers as permitted by Delaware law: For 443,753,912 Against 16,695,831 Abstain 984,043 Broker Non-Vote 37,219,876
View on SEC.gov
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