HRL · Hormel Foods filed an 8-K reporting that John F

Hormel Foods filed an 8-K reporting that John F. Ghingo's prior employment agreement (scheduled to expire Dec 31, 2026) was terminated by letter agreement effective Oct 26, 2026, when he assumed the additional role of CEO. He now serves as President and CEO with no specified term. This is a routine administrative update to an already-announced CEO transition.

• John F. Ghingo commenced service as President and CEO effective October 26, 2026.
• Ghingo's prior Employment Agreement (dated June 2025, expiring Dec 31, 2026) was terminated by a Letter Agreement on Oct 23, 2026.
• Ghingo now has no specified term as President and CEO.
• The Letter Agreement will be filed as an exhibit to the upcoming 10-K for fiscal year ended Oct 25, 2026.