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NYSE: HRL HORMEL FOODS CORP /DE/ 8-K

Hormel names President John Ghingo as CEO effective October 26, 2026

Filed July 28, 2026 · Period ending July 27, 2026 · ~1 min read

Key Changes

  • high

    John Ghingo, current President and Board member, appointed President and CEO effective October 26, 2026, succeeding interim CEO Jeffrey Ettinger whose term concludes October 25, 2026.

    Item 5.02 verify on EDGAR →
  • medium

    Ghingo's base salary increases from $730,000 to $1.2 million effective July 27, 2026, then to $1.28 million upon assuming CEO role; short-term incentive target rises from 125% to 150% of base.

    Item 5.02 verify on EDGAR →
  • medium

    CEO compensation includes $6.8 million annual long-term incentive target: 50% performance cash, 25% stock options, 25% time-based restricted stock units, with grants anticipated starting December 2026.

    Item 5.02 verify on EDGAR →

1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov

Source-verified from EDGAR · Narrative written by AI · Jul 29, 2026 · How we verify