0001415889-24-003128.txt : 20240209 0001415889-24-003128.hdr.sgml : 20240209 20240209092353 ACCESSION NUMBER: 0001415889-24-003128 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240205 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LYKKEN STEVEN J CENTRAL INDEX KEY: 0001723769 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-02402 FILM NUMBER: 24611838 MAIL ADDRESS: STREET 1: 1 HORMEL PLACE CITY: AUSTIN STATE: MN ZIP: 55912 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: HORMEL FOODS CORP /DE/ CENTRAL INDEX KEY: 0000048465 STANDARD INDUSTRIAL CLASSIFICATION: MEAT PACKING PLANTS [2011] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 410319970 STATE OF INCORPORATION: DE FISCAL YEAR END: 1027 BUSINESS ADDRESS: STREET 1: 1 HORMEL PL CITY: AUSTIN STATE: MN ZIP: 55912-3680 BUSINESS PHONE: (507) 437-5611 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 3 1 form3-02092024_020247.xml X0206 3 2024-02-05 0 0000048465 HORMEL FOODS CORP /DE/ HRL 0001723769 LYKKEN STEVEN J 1 HORMEL PLACE AUSTIN MN 55912 false true false false GROUP VICE PRESIDENT Common Stock 30283.745 D Common Stock 2090.113 I JEPST Plan Stock Options (Right to Buy) 26.38 2024-12-02 Common Stock 9800 D Stock Options (Right to Buy) 37.755 2025-12-01 Common Stock 7000 D Stock Options (Right to Buy) 33.31 2026-12-06 Common Stock 10300 D Stock Options (Right to Buy) 37.10 2027-12-05 Common Stock 21600 D Stock Options (Right to Buy) 44.91 2028-12-04 Common Stock 18500 D Stock Options (Right to Buy) 45.54 2029-12-03 Common Stock 14300 D Stock Options (Right to Buy) 47.53 2030-12-01 Common Stock 16000 D Stock Options (Right to Buy) 42.43 2031-12-07 Common Stock 17600 D Stock Options (Right to Buy) 46.84 2032-12-06 Common Stock 12700 D Stock Options (Right to Buy) 31.66 2033-12-12 Common Stock 29800 D The option vested in four equal annual installments, with the first group vesting on December 2, 2015. The option vested in four equal annual installments, with the first group vesting on December 1, 2016. The option vested in four equal annual installments, with the first group vesting on December 6, 2017. The option vested in four equal annual installments, with the first group vesting on December 5, 2018. The option vested in four equal annual installments, with the first group vesting on December 4, 2019. The option vested in four equal annual installments, with the first group vesting on December 3, 2020. The option vests in four equal annual installments, with the first group vesting on December 1, 2021. The option vests in four equal annual installments, with the first group vesting on December 7, 2022. The option vests in four equal annual installments, with the first group vesting on December 6, 2023. The option vests in four equal annual installments, with the first group vesting on December 12, 2024. /s/ Steven J. Lykken, by Power of Attorney 2024-02-09 EX-24 2 ex24-02092024_020249.htm ex24-02092024_020249.htm



POWER OF ATTORNEY

I hereby constitute and appoint each of Brian D. Johnson, Megan E. Crouch, Susan C. McRaith, Paul R. Kuehneman, and Florence Makope, my true and lawful attorney-in-fact and agent, each acting alone, with full powers of substitution, to:

1.

execute for and on my behalf, in my capacity as an officer and/or director of Hormel Foods Corporation (the “Company”), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules promulgated thereunder;

2.

do and perform any and all acts for and on my behalf which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, complete and execute any amendment or amendments thereto, and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and

3.

take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in my best interest of, or legally required by me, it being understood that the documents executed by such attorney-in-fact on my behalf pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

I hereby grant to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as I might or could do if personally present, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact’s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted.  I hereby acknowledge that the foregoing attorneys-in-fact, in serving in such capacity at my request, are not assuming, nor is the Company assuming, any of my responsibilities to comply with Section 16 of the Exchange Act.

This Power of Attorney shall remain in full force and effect until I am no longer required to file Forms 3, 4, and 5 with respect to my holdings of and transactions in securities issued by the Company, unless earlier revoked by me in a signed writing delivered to the foregoing attorneys-in-fact.  Notwithstanding the foregoing, if any such attorney-in-fact hereafter ceases to be an employee of the Company, this Power of Attorney shall be automatically revoked solely as to such individual, immediately upon such cessation, without any further action on my part.

I hereby revoke all previous Powers of Attorney that have been granted by me in connection with my reporting obligations under Section 16 of the Exchange Act with respect to my holdings of and transactions in securities issued by the Company.

IN WITNESS WHEREOF, I have caused this Power of Attorney to be executed as of February 2, 2024.


 

 

/s/ Steven J. Lykken

Name:  Steven J. Lykken