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Hormel Foods logoHormel Foods HRL

The company said its Board of Directors elected Debbra Schoneman to the board, effective immediately on September 21, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its Board of Directors elected Debbra Schoneman to the board, effective immediately on September 21, 2024.

  2. The company said Schoneman joined the Audit and Governance Committees of the board.

  3. The company said there is no arrangement or understanding under which Schoneman was selected as a director, and no related party transactions requiring disclosure under Item 404(a). It said her compensation is the same as that of other non-employee directors.

  4. The company said Schoneman has been president of Piper Sandler Companies since 2018 and served as chief financial officer from 2008 to 2017, and that she has spent 34 years with the firm. It also said she serves on the Allina Health board and as a trustee of the University of St. Thomas.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Hormel elects new board member on September 21, 2024

The company said its Board of Directors elected Debbra Schoneman to the board, effective immediately on September 21, 2024.

Source · Based on the filing body and exhibits

Joins Audit and Governance Committees

The company said Schoneman joined the Audit and Governance Committees of the board.

Source · Based on the filing body and exhibits

Election terms and director pay

The company said there is no arrangement or understanding under which Schoneman was selected as a director, and no related party transactions requiring disclosure under Item 404(a). It said her compensation is the same as that of other non-employee directors.

Source · Based on the filing body and exhibits

Schoneman's career and board service

The company said Schoneman has been president of Piper Sandler Companies since 2018 and served as chief financial officer from 2008 to 2017, and that she has spent 34 years with the firm. It also said she serves on the Allina Health board and as a trustee of the University of St. Thomas.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.