{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-003241","form_type":"8-K","ticker":"HRL","cik":"0000048465","company_name":"HORMEL FOODS CORP /DE/","filed_at":"2025-01-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.027948+00:00","generated_at":"2026-05-28T02:27:28.510493+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Hormel Foods CEO James P. Snee to retire at end of fiscal 2025; board begins successor search","bullets":["CEO James P. Snee retires at end of FY2025 (Oct 26, 2025) after 36-year career with Hormel.","Board forms search committee; internal and external candidates considered for successor.","Snee will serve as strategic advisor until FY2025 end and as consultant for 18 months thereafter.","Consulting fees total $2M; eligible for pro-rated AIP target of $1.85M and equity awards of $3M.","Fiscal 2025 performance outlook remains unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-003241","json":"https://secwatch.observer/filing/0001104659-25-003241.json","markdown":"https://secwatch.observer/filing/0001104659-25-003241.md","text":"https://secwatch.observer/filing/0001104659-25-003241.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/48465/000110465925003241/0001104659-25-003241-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48465/000110465925003241/tm253152d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T02:27:28.510493+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"56942ecc24","claim":"James P. Snee departed as President and Chief Executive Officer at HORMEL FOODS CORP /DE/.","evidence_excerpt":"James P. Snee, Chairman of the Board (“Chairman”), President and Chief Executive Officer (“CEO”) of the Company and the Company have agreed that Mr. Snee will retire at the end of the Company’s fiscal year 2025, which ends October 26, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/48465/000110465925003241/0001104659-25-003241-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will retire"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}