secwatch.observer — SEC 8-K summary
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Issuer:     HORMEL FOODS CORP /DE/ (HRL)
CIK:        0000048465
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0000048465-26-000006
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hormel Foods shareholders approve 2026 equity plan; board adopts executive severance plan
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- Stockholders approved 2026 Equity and Incentive Compensation Plan: 18M new shares plus 3.95M carryover from 2018 plan.
- Executive Severance Plan effective Jan 31, 2026: CEO severance factor 2.0, other participants 1.0.
- All 12 director nominees elected with >93% support; Ernst & Young LLP ratified for FY2026.
- Advisory say-on-pay approved with 94.6% of votes cast; 2026 plan approved with 87.2%.
- Named executive officers Ettinger and Ghingo excluded from severance plan due to existing employment agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48465/000004846526000006/0000048465-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48465/000004846526000006/hrl-20260127.htm
  HTML page:      https://secwatch.observer/filing/0000048465-26-000006

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