secwatch.observer — SEC 8-K summary
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Issuer:     GENERAL MILLS INC (GIS)
CIK:        0000040704
Form:       8-K
Filed at:   2026-09-30T11:33:56+00:00
Accession:  0001628280-26-063892
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

General Mills elects COO Dana McNabb CEO effective Jan. 1, 2027; Harmening becomes Executive Chair
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- Board unanimously elected Dana McNabb, currently Chief Operating Officer, as CEO effective January 1, 2027, succeeding Jeffrey L. Harmening, who retires as CEO and remains Executive Chair.
- McNabb, age 50, joined General Mills in 1999 and has been COO since June 2026 and a board member since June 2026; previously Group President, North America Retail and North America Pet.
- McNabb's CEO pay: base salary $1,350,000, annual cash incentive target 180% of salary, plus incremental long-term incentive target of $2,100,000 (50% PSUs, 25% RSUs, 25% stock options).
- Harmening's Executive Chair pay effective January 1, 2027: base salary reduced to $1,100,000 and annual cash incentive target cut to 125% of salary.
- Lead Director Maria Henry cited a multi-year succession process and over $17 billion returned to shareholders under Harmening; McNabb said returning the company to profitable growth is the priority.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40704/000162828026063892/0001628280-26-063892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40704/000162828026063892/gis-20260929.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-063892

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