Welcome to our dedicated page for Hormel Foods SEC filings (Ticker: HRL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Hormel Foods Corporation filings document the regulatory record for a branded food operating company, including material-event reports, operating and financial results, risk factors, capital-structure disclosure and governance matters. Form 8-K reports cover earnings releases, material agreements, exit or disposal activities, executive transitions, compensation arrangements and other current events affecting the company.
Proxy materials disclose board elections, executive compensation, stockholder voting matters and the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. The filings also record restructuring-related charges and incentive-plan mechanics tied to common stock, providing formal detail on governance, compensation programs and corporate actions within Hormel's food brand portfolio.
Hormel Foods director and interim CEO Jeffrey M. Ettinger amended a previously reported stock option grant. The correction states the August 5, 2025 option award is for 750,000 common shares with an exercise price of $28.30 and no cash option price paid. The options vest in two equal installments on October 25, 2026 and April 25, 2027 and expire on August 5, 2035. The amendment explains an annual plan limit automatically capped the award at 750,000 shares; the excess previously reported (1,058,800 shares) will instead be expected as a separate option grant in early 2026.
Hormel Foods Corporation (HRL) reported continued top-line growth with mixed profit signals. Net sales for Q3 fiscal 2025 rose 5% year-over-year and organic net sales increased 6%, driven by growth across segments including turkey, SPAM®, snack nuts, Mexican foods, and Foodservice customized solutions. Diluted EPS was $0.33, up 3% versus prior year, while adjusted diluted EPS was $0.35, down 5% versus prior year.
The company increased its annual dividend to $1.16 per share (59th consecutive annual increase) and paid $474 million in dividends in the first nine months. Capital expenditures were $219 million year-to-date with fiscal 2025 capex estimated at approximately $300 million. Long-term fixed-rate unsecured senior notes totaled $2.9 billion and the company had an unused $750 million unsecured revolving credit facility. Management stated compliance with all debt covenants and ongoing hedging programs for commodity and interest rate risks.
Hormel Foods Corporation (NYSE: HRL) filed an 8-K to disclose key leadership changes effective July 14, 2025. Current President & CEO James P. Snee will retire at fiscal year-end (October 26, 2025) and immediately transition to a special-advisor role through that date, followed by an 18-month consulting agreement beginning October 27, 2025.
Board actions. • Jeffrey M. Ettinger, former CEO (2006-2016) and current director, will become Interim Chief Executive Officer and remain on the Board (he steps off the Governance Committee). • John F. Ghingo, currently EVP-Retail, is promoted to President and joins the Board.
Ettinger compensation (Employment Agreement dated June 20, 2025; term ends October 25, 2026):
- Base salary $1.2 million.
- Annual STI target $2.0 million (prorated).
- One-time LTI award $7.2 million (≈75 % options, 25 % RSUs) vesting Oct 25 2026 & Apr 25 2027; no accelerated retirement vesting, no additional equity grants.
- Standard benefits plus 4 weeks 2025 vacation / 6 weeks 2026.
On separation at scheduled expiry (or death/disability) he receives earned salary, prorated bonus and vested benefits. If terminated without cause earlier, equity continues to vest.
Ghingo compensation (Employment Agreement dated June 20, 2025; term through Dec 31 2026):
- Base salary $730 k.
- Annual STI target 125 % of salary.
- Long-term incentive target $3.2 million (50 % perf-cash, 25 % options, 25 % RSUs) plus 100,000 operators’ shares.
- Relocation support: standard package, extra travel reimbursement up to $150 k, and potential $250 k loss-on-sale housing protection.
- Minimum 32 vacation days and 10 holidays.
If involuntarily terminated without cause or resigns for good reason, Ghingo is eligible for a $2 million lump-sum severance, forgiveness of relocation repayments and accrued obligations. “Good reason” includes failure to have him report to the full Board by Dec 31 2026.
Governance impact. The appointments ensure experienced interim leadership while the Board completes a longer-term CEO succession search. Compensation details provide clarity on near-term cost and incentive alignment.