---
schema_version: "secwatch.filing_event.v1"
accession: "0000048465-26-000010"
form_type: "8-K/A"
ticker: "HRL"
cik: "0000048465"
company_name: "HORMEL FOODS CORP /DE/"
filed_at: "2026-02-13T23:59:59+00:00"
generated_at: "2026-05-16T02:51:39.694728+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Hormel Foods finalizes separation with former CFO Smiley; total cash payout ~$2.775M

## Summary
- Smiley's last day as EVP/CFO was Nov 30, 2025; separation agreement dated Feb 11, 2026.
- Three cash payments: $941,667 within ~10 business days after release, $916,667 ~Jan 15, 2027, $916,666 ~Jan 14, 2028.
- Smiley retains eligibility for 2023 Cash LTIP award payout per original terms.
- Unvested RSUs and stock options forfeited; vested options remain exercisable.
- 36-month non-solicitation, confidentiality, and non-disparagement covenants apply.

## SEC filing metadata
- accession: 0000048465-26-000010
- form_type: 8-K/A
- ticker: HRL
- cik: 0000048465
- company_name: HORMEL FOODS CORP /DE/
- filed_at: 2026-02-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/48465/000004846526000010/0000048465-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/48465/000004846526000010/hrl-20251023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000048465-26-000010
- JSON: https://secwatch.observer/filing/0000048465-26-000010.json
- Plain text: https://secwatch.observer/filing/0000048465-26-000010.txt

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