GISGeneral Mills
For 160 years, General Mills has been making food the world loves. 10-K, Item 1
Deals between GIS and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement. Below: what the proxy filed 2026-08-13 reports that the one filed 2025-08-11 did not, quoted as filed.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-08-11.
Nothing new: every deal in this year's section was reported last year too.
New wording of the review policy 2 paragraphs without an amount or a name
Related Person Transaction Policy and Process“The policy applies to all financial transactions, arrangements, or relationships in which:”
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Related Person Transaction Policy and Process“The company, or one of its affiliates, is a participant; and • A related person could have a direct or indirect material interest.”
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The whole section 9 paragraphs, proxy filed 2026-08-13
Director Independence Determination“The cornerstone of our corporate governance program is an independent and qualified board of directors. The board has established guidelines consistent with the current listing standards of the NYSE for determining director independence. You can find these guidelines in our corporate governance principles, which are posted on our website at www.generalmills.com in the Investors section under “Governance”.”
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Director Independence Determination“Director affiliations are regularly reviewed to ensure there are no relationships that might impair a director’s independence. Based on this review, the board has affirmatively determined that all non-employee directors are independent under our guidelines and as defined by NYSE listing standards.”
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Related Person Transaction Policy and Process“Our board of directors has adopted a written policy for reviewing and approving transactions between the company and related persons, including directors, director nominees, executive officers, 5% shareholders, and their immediate family members or affiliates.”
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Related Person Transaction Policy and Process“The policy applies to all financial transactions, arrangements, or relationships in which:”
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Related Person Transaction Policy and Process“The company, or one of its affiliates, is a participant; and • A related person could have a direct or indirect material interest.”
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Related Person Transaction Policy and Process“The policy does not apply to certain compensation payments that have been approved by the compensation and talent committee or are disclosed in the Proxy Statement, transactions that are available to all other shareholders or employees on the same terms, or transactions with an entity where the related person’s interest is only as a director or a less than 10% owner.”
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Related Person Transaction Policy and Process“The board has delegated to our corporate governance committee the authority to review related person transactions. The corporate governance committee will only approve those transactions that are determined to be consistent with the best interests of the company and our shareholders, and that comply with applicable policies, codes of conduct, and legal restrictions. This year, there were no related person transactions requiring corporate governance committee approval.”
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Codes of Conduct for Directors and Employees“We have adopted a code of conduct applicable to all employees, including our principal executive officer, principal financial officer, and principal accounting officer, and a code of conduct applicable to our directors. The codes of conduct promote a company culture based on ethical behavior, integrity, and responsibility. They are available on our website at www.generalmills.com in the Standing For Good section under “Ethics and Integrity” and the Investors section under “Governance”.”
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Codes of Conduct for Directors and Employees“The audit committee of the board of directors has established procedures for employees, shareholders, vendors, and others to communicate concerns about our ethical conduct or business practices, including accounting, internal controls, or financial reporting issues, to the audit committee, which has responsibility for these matters.”
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Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗
Work on GIS in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/GIS/export.csv") into a cell.