secwatch.observer — SEC 8-K summary
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Issuer:     HORMEL FOODS CORP /DE/ (HRL)
CIK:        0000048465
Form:       8-K
Filed at:   2026-06-12T20:09:40+00:00
Accession:  0000048465-26-000044
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hormel assigns Group VP Swen Neufeldt to Singapore with salary $526K
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- Neufeldt remains Group VP, International; assignment begins on/around July 27, 2026.
- Annual base salary $526,400 plus cost-of-living adjustment of $56,103, subject to review.
- One-time relocation payment $20,000; housing allowance $90,566/yr paid by company.
- Shipment allowance up to $25,000 for household goods; repayment required if resigns or terminated for cause within 3 years.
- Eligible for short/long-term incentives, executive severance, and other US-based benefits during assignment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48465/000004846526000044/0000048465-26-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48465/000004846526000044/hrl-20260609.htm
  HTML page:      https://secwatch.observer/filing/0000048465-26-000044

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