9 unchanged sentences
OTHER INFORMATION
+Added: During the fiscal quarter ended October 29, 2023, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as the terms are defined in Item 408(a) of Regulation S-K.
DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
3 unchanged sentences
The Company has adopted a Code of Ethical Business Conduct in compliance with applicable rules of the Securities and Exchange Commission that applies to its principal executive officer, its principal financial officer, and its principal accounting officer or controller, or persons performing similar functions.
−Removed: A copy of the Code of Ethical Business Conduct is available on the Company’s website at www.hormelfoods.com , free of charge, under the caption, “Investors – Governance – Governance Documents.” The Company intends to satisfy any disclosure requirement under Item 5.05 of Form 8-K regarding an amendment to, or waiver from, a provision of this Code of Ethical Business Conduct by posting such information on the Company’s website at the address and location specified above.
+Added: A copy of the Code of Ethical Business Conduct is available on the Company’s website at www.hormelfoods.com , free of charge, under the caption, “Investors – Governance – Governance Documents.” The Company intends to satisfy any disclosure requirement under Item 5.05 of Form 8-K regarding an amendment
+Added: to, or waiver from, a provision of this Code of Ethical Business Conduct by posting such information on the Company’s website at the address and location specified above.
EXECUTIVE COMPENSATION
29 unchanged sentences
Consolidated Statements of Cash Flows – Fiscal Years Ended October 29, 2023, October 30, 2022, and October 31, 2021.
−Removed: Notes to Consolidated Financial Statements
+Added: Notes to the Consolidated Financial Statements
Report of Management
7 unchanged sentences
Classification Balance at
−Removed: of Period Charged to Cost and Expenses Charged to Other Accounts Describe Deductions-
−Removed: Describe Balance at
+Added: of Period Charged to Cost and Expenses Charged to Other Accounts (Describe)
End of Period
12 unchanged sentences
(3) Consolidation of the Sadler's reserve.
−Removed: (4) Consolidation of the Applegate reserve.
−Removed: (5) Increase in the reserve due to the inclusion of Sadler's accounts receivable.
FINANCIAL STATEMENTS AND SCHEDULES OMITTED
52 unchanged sentences
(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.
−Removed: $750,000,000 Credit Agreement, dated as of May 6, 2021, 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.
−Removed: (Incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on May 6, 2021, File No.
+Added: 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.
+Added: (Incorporated by reference to Exhibit 10.1 to Hormel's Quarterly Report on Form 10-Q for the quarter ended April 30, 2023, File No .
Subsidiaries of the Registrant.
5 unchanged sentences
Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
+Added: Hormel Food s Corporation Compensation Recovery Policy
The following financial statements from the Company's Annual Report on Form 10-K for the fiscal year ended October 29, 2023, formatted in Inline XBRL:
−Removed: (i) Consolidated Statements of Financial Position, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Comprehensive Income, (iv) Consolidated Statements of Changes in Shareholders’ Investment, (v) Consolidated Statements of Cash Flows, and (vi) Notes to Consolidated Financial Statements, tagged as blocks of text and including detailed tags.
+Added: (i) Consolidated Statements of Financial Position, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Comprehensive Income, (iv) Consolidated Statements of Changes in Shareholders’ Investment, (v) Consolidated Statements of Cash Flows, and (vi) Notes to the Consolidated Financial Statements, tagged as blocks of text and including detailed tags.
The cover page from the Company's Annual Report on Form 10-K for the fiscal year ended October 29, 2023, formatted in Inline XBRL (included as Exhibit 101).
10 unchanged sentences
Signature Title Date
−Removed: SNEE Chairman of the Board, President and Chief Executive Officer 12/6/2022
+Added: SNEE Chairman of the Board, President and Chief Executive Officer December 6, 2023
SNEE (Principal Executive Officer)
/s/ JACINTH C.
−Removed: SMILEY Executive Vice President and Chief Financial Officer 12/6/2022
+Added: SMILEY Executive Vice President and Chief Financial Officer December 6, 2023
SMILEY (Principal Financial Officer)
−Removed: KUEHNEMAN Vice President and Controller 12/6/2022
+Added: KUEHNEMAN Vice President and Controller December 6, 2023
KUEHNEMAN (Principal Accounting Officer)
−Removed: BHOJWANI* Director 12/6/2022
−Removed: /s/ TERRELL K.
−Removed: CREWS* Director 12/6/2022
+Added: /s/ PRAMA BHATT*
+Added: Director December 6, 2023
+Added: BHOJWANI* Director December 6, 2023
/s/ STEPHEN M.
−Removed: LACY* Director 12/6/2022
−Removed: MURANO* Director 12/6/2022
−Removed: NESTEGARD* Director 12/6/2022
+Added: LACY* Director December 6, 2023
+Added: MURANO* Director December 6, 2023
/s/ WILLIAM A.
−Removed: NEWLANDS* Director 12/6/2022
+Added: NEWLANDS* Director December 6, 2023
/s/ CHRISTOPHER J.
−Removed: POLICINSKI* Director 12/6/2022
+Added: POLICINSKI* Director December 6, 2023
CHRISTOPHER J.
−Removed: PRADO* Director 12/6/2022
−Removed: SMITH* Director 12/6/2022
+Added: PRADO* Director December 6, 2023
+Added: SMITH* Director December 6, 2023
/s/ STEVEN A.
−Removed: WHITE* Director 12/6/2022
−Removed: KUEHNEMAN 12/6/2022
+Added: WHITE* Director December 6, 2023
+Added: /s/ RAYMOND G.
+Added: YOUNG* Director December 6, 2023
+Added: /s/ MICHAEL P.
+Added: ZECHMEISTER* Director December 6, 2023
+Added: KUEHNEMAN December 6, 2023
as Attorney-In-Fact
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.