HRL 8-K/A: Interim CFO Paul Kuehneman comp includes $550K LTI

Rhea-AI Filing Summary

Hormel Foods (HRL) filed an amended report detailing compensation for Interim CFO and Controller Paul Kuehneman, effective October 27, 2025. He will receive a $500,000 annual base salary and a fiscal 2026 short‑term incentive target of $300,000. The package includes 70,000 operators’ shares for fiscal 2026 and a long‑term incentive target of $550,000 split into $125,000 performance‑based cash, $125,000 stock options, and $300,000 time‑based RSUs, plus standard executive benefits. He has entered into the company’s standard indemnification and restrictive covenant agreements.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

(Amendment No. 1)

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 23, 2025

HORMEL FOODS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware			1-2402						41-0319970
(State or other jurisdiction of incorporation)			(Commission File Number)						(IRS Employer Identification No.)

1 Hormel Place, Austin, Minnesota						55912-3680
(Address of principal executive offices)						(Zip Code)

 (507) 437-5611

Registrant’s telephone number, including area code

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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ 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:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock $0.01465 par value

HRL

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 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

This Form 8-K/A amends the Form 8-K filed by Hormel Foods Corporation (the “Company”) on October 29, 2025 (the “Prior 8-K”). As disclosed in the Prior 8-K, Mr. Paul Kuehneman was appointed as Interim Chief Financial Officer and Controller, effective October 27, 2025. In connection with this transition, Mr. Kuehneman will receive the following compensation and benefits: (1) during his service in the interim role, an annual base salary at the rate of $500,000 per year; (2) participation in the Company’s annual short-term incentive compensation program, with a target award opportunity equal to $300,000 for the fiscal year 2026 performance period; (3) participation in The Hormel Foods Corporation 2018 Operators’ Share Incentive Compensation Subplan, with an aggregate grant of 70,000 operators’ shares for the fiscal year 2026 performance period; (4) participation in the Company’s long-term incentive compensation plan, with a long-term incentive target of $550,000 for fiscal year 2026, $125,000 of which will be delivered in the form of long-term performance-based cash incentive awards, $125,000 of which will be delivered in the form of stock option awards, and $300,000 of which will be delivered in the form of time-based restricted stock units; and (5) standard executive benefit and health and welfare plan participation.

Mr. Kuehneman has previously entered into the Company’s standard indemnification agreement applicable to senior executives and the Company’s standard restrictive covenant agreement applicable to senior executives.

SIGNATURES

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.

			HORMEL FOODS CORPORATION
Dated: October 31, 2025			By:			/s/ Colleen Batcheler
						Name: Colleen Batcheler
						Title: Senior Vice President, External Affairs,          General Counsel & Corporate Secretary

FAQ

What change did Hormel Foods (HRL) disclose in this 8-K/A?

It added compensation details for Interim CFO and Controller Paul Kuehneman.

What is HRL’s interim CFO base salary?

An annual base salary of $500,000.

What is the short‑term incentive target for fiscal 2026?

A target award opportunity of $300,000.

How many operators’ shares were granted for fiscal 2026?

70,000 operators’ shares under the 2018 Operators’ Share Incentive Compensation Subplan.

What is the long‑term incentive target and its mix?

An LTI target of $550,000: $125,000 performance cash, $125,000 stock options, and $300,000 time‑based RSUs.

When was the interim CFO role effective?

Effective October 27, 2025.

Does the interim CFO have standard agreements in place?

Yes, standard indemnification and restrictive covenant agreements for senior executives.