Hormel Foods said Paul Kuehneman was appointed as Interim Chief Financial Officer and Controller, effective October 27, 2025. During his service in the interim role, he will receive an annual base salary at the rate of $500,000 per year.

1. 01

   Hormel Foods said Paul Kuehneman was appointed as Interim Chief Financial Officer and Controller, effective October 27, 2025. During his service in the interim role, he will receive an annual base salary at the rate of $500,000 per year.

2. 02

   The company said Kuehneman will participate in the annual short-term incentive compensation program, with a target award opportunity equal to $300,000 for the fiscal 2026 performance period.

3. 03

   Hormel Foods said the long-term incentive target for fiscal 2026 is $550,000, of which $125,000 will be delivered in the form of long-term performance-based cash incentive awards, $125,000 will be delivered in the form of stock option awards, and $300,000 will be delivered in the form of time-based restricted stock units.

4. 04

   The company said Kuehneman will participate in The Hormel Foods Corporation 2018 Operators' Share Incentive Compensation Subplan, with an aggregate grant of 70,000 operators' shares for the fiscal 2026 performance period. It added that he has previously entered into the Company's standard indemnification agreement applicable to senior executives and the Company's standard restrictive covenant agreement applicable to senior executives.

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

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.