Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when HRL files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsHormel Foods appoints Ash Bhumbla as CFO effective September 8, 2026
Filed August 24, 2026 · Period ending August 24, 2026 · ~1 min read
Key Changes
-
high
Hormel appointed Ash Bhumbla (39) as CFO effective September 8, 2026. He previously served as CFO of Tyson Foods' Chicken segment. Interim CFO Paul Kuehneman continues as VP and Controller.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
medium
Bhumbla's compensation includes $700K base salary, 100% annual bonus target, and $2.1M annual long-term incentive target split equally among performance cash, stock options, and time-based RSUs.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
medium
Sign-on package includes $700K cash (repayable if he leaves voluntarily within three years, prorated) and $1.2M in RSUs vesting 50% year one, 25% year two, 25% year three.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Hormel Foods appointed Ash Bhumbla as Executive Vice President and Chief Financial Officer effective September 8, 2026. The 39-year-old executive joins from Tyson Foods, where he served as CFO of the Chicken segment since September 2023. Paul Kuehneman, who served as Interim CFO, will continue as Vice President and Controller.
Bhumbla's compensation package reflects a senior executive hire: $700,000 base salary, 100% annual bonus target, and $2.1 million annual long-term incentive target split equally among performance-based cash, stock options, and time-based restricted stock units.
The sign-on package—$700,000 cash and $1.2 million in RSUs—offsets forfeitures from his prior employer and includes clawback provisions if he leaves voluntarily within three years. For investors, the appointment ends the interim CFO period and brings in an executive with recent experience at a major protein competitor. The compensation structure aligns with Hormel's existing senior executive framework, with long-term incentives tied to performance and retention.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
participation in the Company’s long-term incentive compensation plan, with an annual long-term incentive target of $2.1 million (under the current program, approximately one-third of this value will be delivered in the form of long-term performance-based cash incentive awards, one-third of this value will be delivered in the form of stock option awards, and one-third of this value will be delivered in the form of time-based restricted stock units (with grants currently anticipated to be made starting in December 2026 on terms consistent with the Company’s other senior executives))
Mr. Bhumbla will participate in the Company's long-term incentive compensation plan with an annual target of $2.1 million. Under the current program, approximately one-third will be delivered as long-term performance-based cash incentive awards, one-third as stock option awards, and one-third as time-based restricted stock units, with grants anticipated to begin in December 2026.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Aug 25, 2026 · How we verify