GENERAL MILLS INC false 0000040704 0000040704 2025-09-25 2025-09-25 0000040704 us-gaap:CommonStockMember 2025-09-25 2025-09-25 0000040704 gis:M0.125NotesDue20257Member 2025-09-25 2025-09-25 0000040704 gis:M0.450NotesDue20261Member 2025-09-25 2025-09-25 0000040704 gis:M1.500NotesDue20272Member 2025-09-25 2025-09-25 0000040704 gis:M3.907NotesDue20293Member 2025-09-25 2025-09-25 0000040704 gis:M3.560NotesDue20304Member 2025-09-25 2025-09-25 0000040704 gis:M3.600NotesDue20325Member 2025-09-25 2025-09-25 0000040704 gis:M3.850NotesDue20346Member 2025-09-25 2025-09-25
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 25, 2025
General Mills, Inc.
(Exact name of Registrant as Specified in Its Charter)
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| Delaware |
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001-01185 |
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41-0274440 |
| (State or Other Jurisdiction of Incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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| Number One General Mills Boulevard Minneapolis, Minnesota |
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55426 |
| (Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s Telephone Number, Including Area Code: (763) 764-7600
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class |
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Trading
Symbol(s) |
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Name of each exchange on which registered |
| Common Stock, $.10 par value |
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GIS |
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New York Stock Exchange |
| 0.125% Notes due 2025 |
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GIS 25A |
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New York Stock Exchange |
| 0.450% Notes due 2026 |
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GIS 26 |
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New York Stock Exchange |
| 1.500% Notes due 2027 |
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GIS 27 |
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New York Stock Exchange |
| 3.907% Notes due 2029 |
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GIS 29 |
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New York Stock Exchange |
| 3.560% Notes due 2030 |
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GIS 30A |
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New York Stock Exchange |
| 3.600% Notes due 2032 |
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GIS 32 |
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New York Stock Exchange |
| 3.850% Notes due 2034 |
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GIS 34 |
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New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 2.05 |
Costs Associated with Exit or Disposal Activities. |
On September 25, 2025, General Mills, Inc. approved a multi-year organizational initiative to increase the competitiveness of our supply chain. To consolidate capacity, improve our cost structure, and support this initiative, we approved (i) the closure of our North America Foodservice pizza crust manufacturing facility in St. Charles, Missouri, (ii) the closure of two of our North America Pet manufacturing facilities in Joplin, Missouri that we acquired in the Whitebridge Pet Brands acquisition, and (iii) the consolidation of assets at certain of our other facilities, pursuant to which we expect to incur approximately $82 million of restructuring charges, of which approximately $17 million will be cash. These charges are expected to consist of approximately $64 million of asset write-offs and $18 million of other costs, including severance. We expect to recognize $43 million of asset write-offs and $6 million of other costs, including severance, in the second quarter of fiscal 2026. We expect these actions to be completed by the end of fiscal 2029. The estimate of costs that we expect to record, and the timing thereof, are subject to several assumptions, and actual results may differ from current expectations. We may also record other charges or cash expenditures not currently contemplated due to events that may occur because of, or associated with, this organizational initiative.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 1, 2025
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| GENERAL MILLS, INC. |
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| By: |
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/s/ Karen Wilson Thissen |
| Name: |
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Karen Wilson Thissen |
| Title: |
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General Counsel and Secretary |
