Hormel Foods details interim CFO Kuehneman's comp: $500K salary, $300K STI target, $550K LTI

HORMEL FOODS CORP /DE/

Annual base salary of $500,000 effective October 27, 2025.
Short-term incentive target of $300,000 for fiscal 2026.
Operators' shares grant of 70,000 for fiscal 2026.
Long-term incentive target of $550,000 for fiscal 2026, comprising $125K cash, $125K stock options, $300K RSUs.
Standard executive benefits and indemnification agreements apply.

item 5.02

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