HORMEL FOODS CORP /DE/ (HRL): CEO John F. Ghingo appointed

Events in this filing

Item 5.02 as filed

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers .
Hormel Foods Corporation (the “Company”) previously announced that, effective October 26, 2026, John F. Ghingo would commence service as the Company’s President and Chief Executive Officer (and would continue serving as a member of the Board of Directors of the Company). The Company also previously disclosed that, since June 2025, Mr. Ghingo had been a party to an Employment Agreement with the Company (the “Ghingo Employment Agreement”) related specifically to his service as the Company’s President. By its terms, the Ghingo Employment Agreement was scheduled to expire on December 31, 2026. On October 23, 2026, Mr. Ghingo and the Company entered into a letter agreement (the “Letter Agreement”) pursuant to which the Ghingo Employment Agreement terminated as of October 26, 2026, in connection with Mr. Ghingo’s assumption of the additional role of Chief Executive Officer. Accordingly, Mr. Ghingo has no specified term as President and Chief Executive Officer. The foregoing description of the Letter Agreement does not purport to be complete, and is qualified in its entirety by the full text of the Letter Agreement, a copy of which is expected to be filed as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal year ended October 25, 2026.