Short answer
Hormel Foods (HRL) filed an 8-K current report with the SEC on June 12, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Swen Neufeldt relocating to Singapore around July 27, 2026, while retaining Group Vice President, International role.
Hormel Foods 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Swen Neufeldt relocating to Singapore around July 27, 2026, while retaining Group Vice President, International role
- Annual compensation includes $526,400 base salary plus $56,103 cost-of-living adjustment
- Company-paid housing allowance of $90,566 annually, plus relocation, tax, healthcare, transportation, and household benefits
- $20,000 relocation payment and up to $25,000 household-goods shipment allowance
- Pro-rata repayment of certain relocation costs if Neufeldt resigns or is terminated for cause before three years
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