8-K

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)   November 25, 2019

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 Number)

1 Hormel Place

Austin, MN  55912

(Address of Principal Executive Office)

(507) 437-5611

Registrant’s telephone number, including area code

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. [☐]

Section 5 — CORPORATE GOVERNANCE AND MANAGEMENT

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

On November 25, 2019, Hormel Foods Corporation (the Company) issued a press release announcing the election of Prama Bhatt to its Board of Directors, effective November 25, 2019.

Ms. Bhatt is senior vice president, digital and e-commerce for Ulta Beauty. Ms. Bhatt will join the Audit Committee of the Company's Board of Directors.

Ms. Bhatt is not a party to any transaction with the Company or any subsidiary of the Company, and the Company has not entered into any material contracts or arrangements in connection with her election to the Board of Directors. Ms. Bhatt will receive restricted stock awards under the Hormel Foods Corporation 2018 Incentive Compensation Plan.

The press release announcing this election is attached hereto as Exhibit 99.1.

Section 9 – FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits

(d)    Exhibits furnished pursuant to Item 5.02

99	Press release issued November 25, 2019
101	Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
104	The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.

2

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
		(Registrant)
Dated: November 25, 2019	By	/s/ JAMES P. SNEE
		JAMES P. SNEE
		Chairman of the Board, President and
		Chief Executive Officer
Dated: November 25, 2019	By	/s/ JAMES N. SHEEHAN
		JAMES N. SHEEHAN
		Executive Vice President and
		Chief Financial Officer

3

EX-99

Contact: Media Relations

507-434-6352

media@hormel.com

PRAMA BHATT ELECTED TO HORMEL FOODS BOARD OF DIRECTORS

AUSTIN, Minn. (Nov. 25, 2019) — Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that Prama Bhatt, senior vice president, digital and e-commerce for Ulta Beauty, has been elected to the Hormel Foods Board of Directors, effective Nov. 25, 2019.

“We are very excited to welcome Prama to our talented and industry-leading Board of Directors,”said Jim Snee, chairman of the board, president and chief executive officer, Hormel Foods. “We were drawn to Prama’s in-depth knowledge and experience with consumer-facing companies leveraging eCommerce growth and driving digital transformation, certainly an important area for Hormel Foods. We are thrilled to welcome her to the board and look forward to her many contributions.”

Bhatt will serve on the Audit Committee of the Hormel Foods Board of Directors.

In her senior role at Ulta Beauty, Bhatt leads the eCommerce business, including digital merchandising and marketing, as well as omni-channel guest experiences, digital operations and digital innovation. She joined the company in 2014 after holding leadership positions at Kenneth Cole Productions and Toys R Us. Additionally, she was a management consultant with Booz Allen and held various roles in product design and development with Ford Motor Company.

Bhatt received a bachelor of science degree in electrical engineering from Oakland University, a master’s of science degree in electrical engineering from Wayne State University and a master’s degree in business administration from the University of Michigan.

ABOUT HORMEL FOODS – INSPIRED PEOPLE. INSPIRED FOOD.™

Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. Its brands include SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin's®, Columbus®, Wholly® Guacamole, Hormel® Black Label® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of "The 100 Best Corporate Citizens" by Corporate Responsibility Magazine for the 11th year in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future – Inspired People. Inspired Food.™ – focusing on its legacy of innovation. For more information, visit www.hormelfoods.com and https://csr.hormelfoods.com/.

XML

Document and Entity Information	Nov. 25, 2019
Cover page.
Document Type	8-K
Document Period End Date	Nov. 25, 2019
Entity Registrant Name	HORMEL FOODS CORPORATION
Entity Incorporation, State or Country Code	DE
Entity File Number	1-2402
Entity Tax Identification Number	41-0319970
Entity Address, Address Line One	1 Hormel Place
Entity Address, City or Town	Austin
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55912
City Area Code	507
Local Phone Number	437-5611
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock $0.01465 par value
Trading Symbol	HRL
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0000048465
Amendment Flag	false