Hormel Foods CORP (HRL) Quarterly Institutional 13F Update (Q2 2026)

AI summary pending

On August 27, 2026, Hormel Foods (HRL) issued its third-quarter earnings release covering the fiscal quarter ended July 26, 2026. However, the excerpt from this 8-K doesn't include any actual financial figures — it simply confirms that the earnings release was filed as an exhibit.

Hormel Foods announced on August 24 that Ash Bhumbla will join as Executive Vice President and Chief Financial Officer, effective September 8. The 39-year-old arrives from Tyson Foods, where he served as CFO of the Chicken segment (and briefly of the International segment), following earlier senior finance roles at Perdue Farms. With his arrival, interim CFO Paul Kuehneman will step out of the role but remain with the company as Vice President, Controller, and Principal Accounting Officer. His compensation package includes a $700,000 base salary, a one-time $700,000 cash sign-on award, and $1.2 million in restricted stock units vesting over three years, on top of short- and long-term incentive targets.

On July 27, 2026, Hormel Foods (HRL) announced that its current President and board member, John F. Ghingo, will become President and CEO effective October 26, 2026. Interim CEO Jeffrey M. Ettinger will step down on October 25, 2026, but remain on the board. Ghingo, 53, has over 20 years in consumer-packaged foods, including leading Hormel's retail division and serving as CEO of a snack company. The board also boosted his base salary from $730,000 to $1.28 million, with short-term incentive target at 150% of salary and a long-term incentive target of $6.8 million.