Short answer
General Mills (GIS) filed an 8-K current report with the SEC on May 6, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Dana McNabb appointed COO and director effective June 1, 2026, adding an internal succession candidate to executive leadership.
General Mills 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Dana McNabb appointed COO and director effective June 1, 2026, adding an internal succession candidate to executive leadership
- McNabb compensation: $1,000,000 salary, 150% cash incentive target, and $4,000,000 annual long-term incentive target
- Long-term award mix includes performance shares, restricted stock units, and stock options under the 2022 Stock Compensation Plan
- CFO Kofi Bruce awarded $3,500,000 RSUs and Chief Digital Officer Jaime Montemayor $2,500,000 RSUs, both vesting over 3 years
- Retention conditions require forfeiture upon retirement before June 5, 2028, with pro-rata vesting for retirement through June 5, 2029
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