LEGAL PROCEEDINGS
−Removed: On August 15, 2023, the Company received an unexpected, unfavorable arbitration ruling involving an isolated commercial dispute with a third party.
−Removed: Pursuant to the ruling, the arbitrator awarded $59.6 million in damages, plus prejudgment interest of $5.3 million and attorneys’ fees, to the counterparty payable by the Company.
−Removed: The pre-tax impact of the adverse arbitration ruling of $68.3 million is reflected in Selling, General, and Administrative expenses in the Consolidated Statements of Operations for fiscal 2023.
−Removed: The arbitration award amount was paid in full by the Company in the fourth quarter of fiscal 2023.
−Removed: The adverse arbitration ruling is not subject to further appeal or judicial review.
−Removed: Standard confidentiality provisions in the arbitration rules prohibit the Company from commenting on the substance of the ruling.
−Removed: Information regarding other legal proceedings is available in Note J - Commitments and Contingencies of the Notes to the Consolidated Financial Statements.
+Added: Information regarding legal proceedings is available in Note J - Commitments and Contingencies of the Notes to the Consolidated Financial Statements.
MINE SAFETY DISCLOSURES
1 unchanged sentence
Information About Executive Officers
+Added: The following table provides information regarding the executive officers of the Company as of December 5, 2024:
CURRENT OFFICE AND PREVIOUS
2 unchanged sentences
Smiley 56 Executive Vice President and Chief Financial Officer 01/2022 to Present
−Removed: Group Vice President (Corporate Strategy) 04/05/21 to 12/31/21
−Removed: Vice President and Chief Accounting Officer, LyondellBasell 04/01/18 to 04/04/21
−Removed: Brady 58 Executive Vice President (Retail) 10/31/22 to Present
−Removed: Executive Vice President (Refrigerated Foods) 10/28/19 to 10/30/22
−Removed: Group Vice President/President Consumer Product Sales 10/26/15 to 10/27/19
−Removed: Coffey 61 Group Vice President (Supply Chain) 04/26/21 to Present
−Removed: Senior Vice President (Supply Chain and Manufacturing) 03/28/17 to 04/25/21
−Removed: Swen Neufeldt 50 Group Vice President (Hormel Foods International Corporation) 06/29/20 to Present
−Removed: Vice President (Meat Products) 10/31/16 to 06/28/20
−Removed: Ourada 58 Group Vice President (Foodservice) 03/05/18 to Present
−Removed: Losness-Larson 58 Senior Vice President (Human Resources) 10/31/22 to Present
+Added: Group Vice President, Corporate Strategy
+Added: 04/2021 to 12/2021
+Added: Vice President and Chief Accounting Officer, LyondellBasell Industries Holdings B.V.
+Added: 04/2018 to 04/2021
+Added: 52 Executive Vice President, Retail
+Added: 10/2024 to Present
+Added: Group Vice President, Retail
+Added: 09/2024 to 10/2024
+Added: Chief Executive Officer, Whisps Acquisition Corporation (cheese and snack foods)
+Added: 01/2022 to 08/2024
+Added: President, Applegate Farms, LLC (subsidiary of registrant)
+Added: 04/2018 to 01/2022
+Added: Ourada 59 Group Vice President, Foodservice
+Added: 03/2018 to Present
+Added: Swen Neufeldt 51 Group Vice President, Hormel Foods International Corporation
+Added: 06/2020 to Present
+Added: Vice President, Meat Products
+Added: 10/2016 to 06/2020
+Added: 54 Group Vice President, Supply Chain
+Added: 02/2024 to Present
+Added: Group Vice President, Jennie-O Turkey Store
+Added: 03/2021 to 02/2024
+Added: Senior Vice President/President, Jennie-O Turkey Store, Inc.
+Added: (subsidiary of registrant)
+Added: 12/2017 to 03/2021
+Added: 50 Senior Vice President, External Affairs, and General Counsel
+Added: 06/2024 to Present
+Added: Executive Vice President, General Counsel and Secretary, Hertz Global Holdings, Inc.
+Added: (vehicle rental)
+Added: 05/2022 to 04/2024
+Added: Executive Vice President, General Counsel and Corporate Secretary, Conagra Brands, Inc.
+Added: (consumer packaged foods)
+Added: 09/2009 to 04/2022
+Added: Mary Katherine Clark
+Added: 45 Senior Vice President and Chief Communications Officer
+Added: 03/2024 to Present
+Added: Vice President of Communications, Mattress Firm Holding Corp.
+Added: (retailer of mattresses and related products)
+Added: 10/2022 to 02/2024
+Added: Senior Director of Communications, Mattress Firm Holding Corp.
+Added: 10/2020 to 10/2022
+Added: Director of Communications, PepsiCo, Inc.
+Added: (beverages and convenient foods)
+Added: 03/2019 to 10/2020
+Added: Losness-Larson 59 Senior Vice President, Human Resources
+Added: 10/2022 to Present
Director of Human Resources 10/2018 to 10/2022
1 unchanged sentence
Director of Internal Audit 05/2016 to 10/2020
−Removed: 58 Senior Vice President (Research and Development, Quality Control) 03/30/15 to Present
+Added: 59 Senior Vice President, Research and Development and Quality Control
+Added: 03/2015 to Present
Kuehneman 53 Vice President and Controller 02/2022 to Present
Assistant Controller 01/2021 to 02/2022
−Removed: Vice President and CFO (Jennie-O Turkey Store) 05/30/16 to 01/03/21
+Added: Vice President and CFO, Jennie-O Turkey Store, Inc.
+Added: (subsidiary of registrant)
+Added: 05/2016 to 01/2021
No family relationship exists among the executive officers.
−Removed: Executive officers are designated annually by the Board of Directors at the first meeting following the Annual Meeting of Stockholders.
−Removed: Vacancies may be filled and additional officers elected at any time.
−Removed: The Company's Chief Executive Officer has the authority to appoint and remove Vice Presidents (other than Executive Vice Presidents, Group Vice Presidents, and Senior Vice Presidents).
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.