HRLHormel Foods
Deals with insiders in the proxy filed 2025-12-17
Deals between HRL 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.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2024-12-18.
RELATED PARTY TRANSACTIONS“The Board has adopted a written related party transactions policy. This policy applies to all transactions that qualify for disclosure under Item 404(a) of Regulation S-K. Information about transactions involving related persons is reviewed by the Audit Committee. Related persons include Company directors and executive officers, as well as their immediate family members. If a related person has a direct or indirect material interest in any Company transaction, then the Committee would decide whether or not to approve or ratify the transaction. The Committee will use any process and review any information that it determines is appropriate. All related party transactions will be disclosed in accordance with SEC rules. In accordance with the related party transactions policy, the Audit Committee ratified one related party transaction since the beginning of the Company’s last fiscal year. Effective October 27, 2025, Mr. Paul Kuehneman was appointed Interim Chief Financial Officer and Controller of the Company. Mr. Kuehneman’s spouse, Kari Kuehneman, was previously employed by the Company and received total compensation of approximately $151,000 in Fiscal 2025. On October 22, 2025, Ms. Kuehneman retired from the Company. The Audit Committee ratified Ms. Kuehneman’s prior employment relationship with the Company, including compensation paid, as a related party transaction. The Company had no other related party transactions which were required to be disclosed in accordance with SEC rules.”
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The whole section
1 paragraphs quoted as filed
RELATED PARTY TRANSACTIONS“The Board has adopted a written related party transactions policy. This policy applies to all transactions that qualify for disclosure under Item 404(a) of Regulation S-K. Information about transactions involving related persons is reviewed by the Audit Committee. Related persons include Company directors and executive officers, as well as their immediate family members. If a related person has a direct or indirect material interest in any Company transaction, then the Committee would decide whether or not to approve or ratify the transaction. The Committee will use any process and review any information that it determines is appropriate. All related party transactions will be disclosed in accordance with SEC rules. In accordance with the related party transactions policy, the Audit Committee ratified one related party transaction since the beginning of the Company’s last fiscal year. Effective October 27, 2025, Mr. Paul Kuehneman was appointed Interim Chief Financial Officer and Controller of the Company. Mr. Kuehneman’s spouse, Kari Kuehneman, was previously employed by the Company and received total compensation of approximately $151,000 in Fiscal 2025. On October 22, 2025, Ms. Kuehneman retired from the Company. The Audit Committee ratified Ms. Kuehneman’s prior employment relationship with the Company, including compensation paid, as a related party transaction. The Company had no other related party transactions which were required to be disclosed in accordance with SEC rules.”
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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 ↗