IntrinsicIntrinsic
OverviewFinancialsChartBusiness SummaryFilingsOwnershipValuation

Recent Updates — HRL

July 28, 2026View Source ↗

Hormel Foods Corporation appointed John F. Ghingo as President and Chief Executive Officer, effective October 26, 2026. Ghingo, currently President and a Board member, succeeds Jeffrey M. Ettinger, whose service as Interim CEO concludes on October 25, 2026. The Board approved Ghingo's annual base salary increase to $1.2 million and a short-term incentive target of 150% of base salary. As CEO, Ghingo will receive a $1.28 million base salary, a $6.8 million annual long-term incentive target, and severance benefits equal to two times his base salary. Hormel Foods Corporation operates in the consumer-packaged foods industry, producing and distributing a wide range of meat and food products.

June 12, 2026View Source ↗

Hormel Foods Corporation entered into an International Assignment Letter with Swen Neufeldt, Group Vice President, International, on June 9, 2026. Mr. Neufeldt will be assigned to the company's subsidiary, Hormel Foods Asia Pacific Pte. Ltd., in Singapore starting approximately July 27, 2026, for an indefinite term. He will maintain his current role and an annual base salary of $526,400, plus a $56,103 cost-of-living adjustment. The agreement includes various relocation benefits, such as a $20,000 relocation payment, a $25,000 household goods allowance, and a $90,566 annual housing allowance. Hormel Foods Corporation is a food company that produces and markets various branded consumer products.

May 28, 2026View Source ↗

Hormel Foods Corporation issued an earnings release on May 28, 2026, announcing its financial results for the second quarter ended April 26, 2026. The filing serves as the formal announcement of the company's quarterly financial performance.

February 26, 2026View Source ↗

Hormel Foods Corporation issued an earnings release on February 26, 2026, announcing its financial results for the first quarter ended January 25, 2026. The specific financial details and performance metrics are contained in the exhibit attached to the report.

February 18, 2026View Source ↗

Hormel Foods Corporation issued a press release containing preliminary results for its first quarter ended January 25, 2026. The company also provided updated guidance for its 2026 fiscal year.

February 2, 2026View Source ↗

Hormel Foods Corporation stockholders approved the 2026 Equity and Incentive Compensation Plan, which makes 21,951,785 shares of common stock available for awards. The company also adopted a new Executive Severance Plan, effective January 31, 2026, to provide benefits to certain officers in the event of involuntary termination.