HRL 10-K Annual Report Oct. 29, 2023 | Alphaminr
HORMEL FOODS CORP /DE/

HRL 10-K Fiscal year ended Oct. 29, 2023

HORMEL FOODS CORP /DE/
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TABLE OF CONTENTS
Part IItem 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety DisclosuresPart IIItem 5. Market For Registrant S Common Equity, Related Stockholder Matters, and Issuer Purchases Of Equity SecuritiesItem 5. Market For Registrant S Common Equity, Related Stockholder Matters, and IssuerItem 6. ReservedItem 7. Management S Discussion and Analysis Of Financial Condition and Results Of OperationsItem 7. Management S Discussion and Analysis Of Financial Condition and Results OfItem 7A. Quantitative and Qualitative Disclosures About Market RiskItem 8. Financial Statements and Supplementary DataItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9. Changes in and Disagreements with Accountants on Accounting and FinancialItem 9A. Controls and ProceduresItem 9B. Other InformationItem 9C. Disclosure Regarding Foreign Jurisdictions That Prevent InspectionsPart IIIItem 10. Directors, Executive Officers, and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersItem 12. Security Ownership Of Certain Beneficial Owners and Management and RelatedItem 13. Certain Relationships and Related Transactions, and Director IndependenceItem 14. Principal Accountant Fees and ServicesPart IVItem 15. Exhibits and Financial Statement SchedulesItem 16. Form 10-k Summary

Exhibits

3.1(1) Restated Certificate of Incorporation as amended January27, 2016. (Incorporated by reference to Exhibit3.1 to HormelsAnnualReport on Form10-K dated December21, 2016, File No.001-02402.) 3.2(1) Bylaws as amended to date. (Incorporated by reference to Exhibit3(ii)to HormelsCurrentReport on Form8-K dated May21, 2018, File No.001-02402.) 4.1(1) Description of Capital Stock. (Incorporated by reference to Exhibit 4.3 to the Company's Annual Report on Form 10-K filed on December 6, 2019, File No. 001-02402.) 4.2(1) Indenture dated as of April1, 2011, between the Company and U.S. Bank National Association. (Incorporated by reference to Exhibit4.3 to Hormels Registration Statement on FormS-3 filed on April4, 2011, File No.333-173284.) 4.3(1) Form of 1.800% Notes due June 11, 2030. (Incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on June 11, 2020, File No. 001-02402.) 4.5(1) Form of 0.650% Notes due 2024 (Incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K dated June 3, 2021, File No. 001-02402.) 4.6(1) Form of 1.700% Notes due 2028 (Incorporated by reference to Exhibit 4.2 to the Company's Current Report on Form 8-K dated June 3, 2021, File No. 001-02402.) 4.7(1) Form of 3.050% Notes due 2051 (Incorporated by reference to Exhibit 4.3 to the Company's Current Report on Form 8-K dated June 3, 2021, File No. 001-02402.) 10.1(1)(3) Hormel Foods Corporation Supplemental Executive Retirement Plan (2007 Restatement). (Incorporated by reference to Exhibit10.2 to Hormels Current Report on Form8-K dated November21, 2011, File No.001-02402.) 10.2(1)(3) First Amendment of Hormel Foods Corporation Supplemental Executive Retirement Plan (2007 Restatement). (Incorporated by reference to Exhibit10.3 to Hormels Current Report on Form8-K dated November21, 2011, File No.001-02402.) 10.3(1)(3) Second Amendment of Hormel Foods Corporation Supplemental Executive Retirement Plan (2007 Restatement). (Incorporated by reference to Exhibit10.4 to Hormels Current Report on Form8-K dated November21, 2011, File No.001-02402.) 10.4(1)(3) Third Amendment of Hormel Foods Corporation Supplemental Executive Retirement Plan (2007 Restatement). (Incorporated by reference to Exhibit10.5 to Hormels Current Report on Form8-K dated November21, 2011, File No.001-02402.) 10.5(1)(3) Hormel Foods Corporation 2000 Stock Incentive Plan (Amended 1-31-2006). (Incorporated by reference to Exhibit10.1 to Hormels Current Report on Form8-K dated January31, 2006, File No.001-02402.) 10.6(1)(3) Hormel Foods Corporation Executive Deferred Income Plan II (November21, 2011 Restatement). (Incorporated by reference to Exhibit10.1 to Hormels Current Report on Form8-K dated November21, 2011, File No.001-02402.) 10.7(1)(3) Formof Indemnification Agreement for Directors and Officers. (Incorporated by reference to Exhibit10.1 to Hormels Quarterly Report on Form10-Q for the quarter ended April29, 2012, File No.001-02402.) 10.8(1)(3) Hormel Foods Corporation 2009 Nonemployee Director Deferred Stock Plan (Plan Adopted November24, 2008). (Incorporated by reference to Exhibit10.2 to Hormels Quarterly Report on Form10-Q for the quarter ended January25, 2009, File No.001-02402.) 10.9(1)(3) Hormel Foods Corporation 2009 Long-Term Incentive Plan. (Incorporated by reference to Appendix A to Hormels definitive Proxy Statement filed on December18, 2013, File No.001-02402.) 10.10(1)(3) Hormel Survivor Income Plan for Executives (1993 Restatement). (Incorporated by reference to Exhibit10.11 to Hormels Annual Report on Form10-K for the fiscal year ended October29, 2006, File No.001-02402.) 10.11(1)(3) Hormel Foods Corporation 2018 Incentive Compensation Plan. (Incorporated by reference to Appendix A to Hormel's Definitive Proxy Statement filed on December 20, 2017, File No. 001-02402.) 10.12(1)(3) Hormel Foods Corporation Restricted Stock Award Agreement Under the 2018 Incentive Compensation Plan (Non-Employee Directors). (Incorporated by reference to Exhibit 10.1 to Hormel's Current Report on Form 8-K dated January 30, 2018, File No. 001-02402.) 10.13(1)(3) Hormel Foods Corporation Stock Option Agreement Under the 2018 Incentive Compensation Plan. (Incorporated by reference to Exhibit 10.2 to Hormel's Current Report on Form 8-K dated January 30, 2018, File No. 001-02402.) 10.14(1)(3) Hormel Foods Corporation Restricted Stock Unit Agreement Under the 2018 Incentive Compensation Plan. (Incorporated by reference to Exhibit 10.15 to Hormel's Annual Report on Form 10-K for the fiscal year ended October 27, 2019, File No. 001-02402.) 10.15(1) First Amendment to the Credit Agreement, dated as of April 17, 2023, among the Company, Wells Fargo Bank, National Association, as Administrative Agent, Swingline Lender and Issuing Lender, and the lenders identified on the signature pages thereof.(Incorporated by reference to Exhibit 10.1 to Hormel's Quarterly Report on Form10-Qfor thequarterended April 30, 2023, File No. 001-02402) 21.1(2) Subsidiaries of the Registrant. 23.1(2) Consent of Independent Registered Public Accounting Firm. 24.1(2) Power of Attorney. 31.1(2) Certification Required Under Section302 of the Sarbanes-Oxley Act of 2002. 31.2(2) Certification Required Under Section302 of the Sarbanes-Oxley Act of 2002. 32.1(2) Certification Pursuant to 18 U.S.C. Section1350 as Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002. 97.1(2) Hormel FoodsCorporationCompensation Recovery Policy