-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Bt8pKEd0/yO+LjVpombvLh1jpMJmKhi70IkzVj5L53bpY5QEaTCWaMAhKzaCxvWy 0HiCDLcDm96OMQ3NjnOYxg== 0001104659-07-064384.txt : 20070823 0001104659-07-064384.hdr.sgml : 20070823 20070823090623 ACCESSION NUMBER: 0001104659-07-064384 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070823 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070823 DATE AS OF CHANGE: 20070823 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HORMEL FOODS CORP /DE/ CENTRAL INDEX KEY: 0000048465 STANDARD INDUSTRIAL CLASSIFICATION: MEAT PACKING PLANTS [2011] IRS NUMBER: 410319970 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02402 FILM NUMBER: 071074419 BUSINESS ADDRESS: STREET 1: 1 HORMEL PL CITY: AUSTIN STATE: MN ZIP: 55912-3680 BUSINESS PHONE: 5074375737 MAIL ADDRESS: STREET 1: 1 HORMEL PLACE CITY: AUSTIN STATE: MN ZIP: 55912-3680 FORMER COMPANY: FORMER CONFORMED NAME: HORMEL GEO A & CO DATE OF NAME CHANGE: 19920703 8-K 1 a07-22498_18k.htm 8-K

 

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)   August 23, 2007

HORMEL FOODS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

 

1-2402

 

41-0319970

(State or Other

 

(Commission File

 

(IRS Employer

Jurisdiction of

 

Number)

 

Identification

Incorporation)

 

 

 

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:

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

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

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

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

 




Section 7 – REGULATION FD

Item 7.01 Regulation FD Disclosure

On August 23, 2007, the Company issued a press release announcing the acquisition of Burke Corporation.  A copy of the release is furnished as Exhibit 99 to this Form 8-K and is incorporated herein by reference.

Section 9 – FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits

(c)           Exhibits furnished pursuant to Item 7.01

99        Press release issued August 23, 2007

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: August 23, 2007

 

By

/s/J. H. FERAGEN

 

 

 

 

J. H. FERAGEN

 

 

 

Senior Vice President

 

 

 

and Chief Financial Officer

 

 

 

 

 

 

 

 

 

Dated: August 23, 2007

 

By

/s/R. G. GENTZLER

 

 

 

 

R. G. GENTZLER

 

 

 

Vice President and Treasurer

 

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EX-99 2 a07-22498_1ex99.htm EX-99

Exhibit 99

Contacts

 

 

 

Media:

 

Julie Craven

 

 

 

507-437-5345

 

Investors:

 

Fred Halvin

 

 

 

507-437-5007

 

HORMEL FOODS ACQUIRES BURKE CORPORATION

Acquisition Accretive, Strengthens Hormel Foods’ Foodservice Business

AUSTIN, Minn. – (Aug. 23, 2007) Hormel Foods Corporation (NYSE: HRL) today announced it has purchased privately-held Burke Corporation, a manufacturer and marketer of pizza-toppings and other fully-cooked meat products, for approximately $110 million. The company anticipates annual net sales of $125 million, and expects the deal to be accretive to its fiscal 2008 earnings.

“Hormel Foods is a leader in pepperoni, and the addition of Burke Corp. strengthens our position in the pizza-topping industry by expanding our offerings to foodservice customers,” said Jeffrey M. Ettinger, chairman of the board, president and CEO, Hormel Foods. “This acquisition increases our production efficiencies and adds manufacturing capabilities, enabling Hormel Foods to grow in this important category.”

Burke Corp. manufactures and markets pizza-toppings and other fully-cooked meat products primarily for restaurants, foodservice establishments and manufacturers of frozen entrees and appetizers. Product lines include traditional pizza meat toppings, meatballs, Mexican meat fillings and breakfast meats.

“The cultural similarities between Hormel Foods and Burke Corp. made the decision to move forward with this transaction an easy one,” said Bill Burke, Jr. “Our new relationship with Hormel Foods will allow us to continue, and even strengthen, our focus on customers and fellow Team Members, who consistently produce high quality products.”

Burke Corp. operates its main facility in Nevada, Iowa, and another in Ames, Iowa.  These facilities increase Hormel Foods’ production capabilities of fully-cooked meat products and pizza-toppings.

Burke Corp. was established in 1974 by William J. Burke, Sr., and has 239,000 square feet of production capacity. As part of Hormel Foods’ Refrigerated Foods business segment, Burke Corp. will continue to be run by Bill Burke, Jr.

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ABOUT HORMEL FOODS CORPORATION

Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring quality, value-added brands to the global marketplace. For each of the past eight years, Hormel Foods has been named one of “The Best Big Companies in America” by Forbes magazine. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit www.hormel.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking information based on management’s current views and assumptions.  Actual events may differ materially.  Please refer to the cautionary statement regarding Forward-Looking Statements that appears on pages 26-31 in the company’s Form 10-Q for the quarter ended April 29, 2007, which can be accessed at www.hormel.com under “Investor-SEC Filings.”

 

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