UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D. C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15 (d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)   January 31, 2017

 

HORMEL FOODS CORPORATION

(Exact name of registrant as specified in its charter)

 

 

Delaware

1-2402

41-0319970

(State or Other
Jurisdiction of
Incorporation)

(Commission File
Number)

(IRS Employer
Identification
Number)

 

 

1 Hormel Place

Austin, MN  55912

(Address of Principal Executive Office)

 

Registrant’s telephone number, including area code:  (507) 437-5611

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



 

Section 5 CORPORATE GOVERNANCE AND MANAGEMENT

 

Item 5.07 Submission of Matters to a Vote of Security Holders

 

The Company conducted its annual stockholders’ meeting on January 31, 2017.

 

At the annual meeting, 481,193,629 shares were represented (91.0 percent of the 528,801,691 shares outstanding and entitled to vote).  Five items were considered at the meeting and the results of the voting were as follows:

 

1.  Election of Directors:  The nominees in the proxy statement were:  Gary C. Bhojwani, Terrell K. Crews, Jeffrey M. Ettinger, Glenn S. Forbes, M.D., Stephen M. Lacy, John L. Morrison, Elsa A. Murano, Ph.D., Robert C. Nakasone, Susan K. Nestegard, Dakota A. Pippins, Christopher J. Policinski, Sally J. Smith, James P. Snee, and Steven A. White.  The results were as follows:

 

DIRECTOR:

FOR

AGAINST

 

ABSTAIN

BROKER
NON-VOTE

Gary C. Bhojwani

432,183,570

1,072,958

385,070

47,552,031

Terrell K. Crews

431,584,676

1,697,213

359,709

47,552,031

Jeffrey M. Ettinger

430,069,100

3,402,550

169,948

47,552,031

Glenn S. Forbes, M.D.

432,178,995

774,409

688,194

47,552,031

Stephen M. Lacy

410,468,327

22,784,912

388,359

47,552,031

John L. Morrison

430,703,131

2,560,040

378,427

47,552,031

Elsa A. Murano, Ph.D.

431,722,961

1,585,898

332,739

47,552,031

Robert C. Nakasone

431,464,163

1,809,886

367,549

47,552,031

Susan K. Nestegard

431,692,863

1,613,851

334,884

47,552,031

Dakota A. Pippins

430,933,059

2,365,303

343,236

47,552,031

Christopher J. Policinski

431,758,606

1,511,828

371,164

47,552,031

Sally J. Smith

417,275,357

15,841,318

524,923

47,552,031

James P. Snee

432,457,331

904,528

279,739

47,552,031

Steven A. White

432,180,207

1,005,937

455,454

47,552,031

 

2.  Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending October 29, 2017:

 

For:

 

475,564,952

Against:

 

4,758,282

Abstain:

 

870,395

 

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3.  Adoption of the resolution to approve, on an advisory basis, the compensation of the Company’s Named Executive Officers, as disclosed in the Company’s 2017 annual meeting proxy statement (as filed with the Securities and Exchange Commission on December 21, 2016):

 

For:

 

424,318,514

Against:

 

8,457,346

Abstain:

 

865,738

Broker Non-Vote:

 

47,552,031

 

4.  Advisory vote on the frequency for which stockholder’s shall have an advisory vote on the compensation of the Company’s Named Executive Officers set forth in the Company’s proxy statement:

 

Every Year:

 

420,646,900

Every Two Years:

 

443,760

Every Three Years:

 

12,021,495

Abstain:

 

529,443

Broker Non-Vote:

 

47,552,031

 

In light of the voting results for this item, the Company’s Board of Directors determined that it will hold a stockholder advisory vote on the compensation of the Company’s Named Executive Officers every year.

 

5.  Stockholder proposal to require all non-binding stockholder proposals be decided by a simple majority of the votes cast For and Against an item:

 

For:

 

14,014,462

Against:

 

417,869,576

Abstain:

 

1,757,560

Broker Non-Vote:

 

47,552,031

 

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SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

HORMEL FOODS CORPORATION

 

 

(Registrant)

 

 

 

Dated: February 3, 2017

By

/s/ JAMES N. SHEEHAN

 

 

JAMES N. SHEEHAN

 

 

Senior Vice President and

 

 

Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

Dated: February 3, 2017

By

/s/ JANA L. HAYNES

 

 

JANA L. HAYNES

 

 

Vice President and Controller

 

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