|Q.||Where is the headquarters of Hormel Foods Corporation?|
|A.||The Hormel Foods worldwide corporate headquarters is at:|
1 Hormel Place
Austin, MN 55912
Austin, MN is located 100 miles south of Minneapolis, MN or approximately a 1.5 hour drive via interstate highways 35 and 90.
|Q.||When does the company’s fiscal year end?|
|A.||Our fiscal year ends on the 4th Sunday of October.|
|Q.||On what exchange is the company's stock listed and under what ticker symbol?|
|A.||Hormel Foods is traded on the New York Stock Exchange under the ticker symbol HRL.|
|Q.||When was the company incorporated?|
|A.||Hormel Foods became a publicly traded firm on September 20, 1928.|
|Q.||To whom do I direct questions about my Hormel Foods Corporation stock, including shareholder records, stock transfers, and changes of ownership and address?|
|A.||The transfer agent and registrar for the company's shareholders is:|
Wells Fargo Shareowner Services
1110 Centre Point Curve, Suite 101
Mendota Heights, MN 55120
|Q.||Can I purchase shares directly from the company?|
|A.||The company does not offer a direct stock purchase plan. However, registered shareholders enrolled in the company's Dividend Reinvestment Plan are eligible to purchase shares of Hormel Foods stock with investment fees paid by the Company. Through the Dividend Reinvestment Plan you can make recurring or periodic investments by automatic bank debit or by sending a check, allowing you to purchase full or fractional shares. The minimum recurring automatic or one-time cash investment is $25.
You may participate in the Dividend Reinvestment Plan if you own Hormel Foods shares currently registered in your name with Hormel Foods and not held by your broker or bank in their name. Please contact the transfer agent, Wells Fargo Shareowner Services, at 877-536-3559 or visit their website at www.shareowneronline.com for more information or to enroll in the plan.
|Q.||When does the company pay dividends to shareholders?|
|A.||Hormel Foods has paid quarterly dividends since its inception as a publicly traded company. Quarterly dividends are typically paid on or about the 15th day of February, May, August, and November. Postal delays may cause receipt dates to vary.|
|Q.||Can I have my dividend paid via direct deposit?|
|A.||Yes. Shareholders may have dividends directly deposited into their personal checking or savings account. Contact the transfer agent, Wells Fargo Shareowner Services, at 877-536-3559 or visit their website at www.shareowneronline.com for more information or to enroll in the plan.|
|Q.||Can I have my dividend reinvested in company stock?|
|A.||Our Dividend Reinvestment Plan, available to record shareholders, allows for full dividend reinvestment into your account. Contact the transfer agent, Wells Fargo Shareowner Services, at 877-536-3559 or visit their website at www.shareowneronline.com for more information or to enroll in the plan.|
|Q.||Does the company issue preferred stock?|
|A.||The Company is authorized to issue 160,000,000 shares of preferred stock. There is no preferred stock issued to date.|
|Q.||What are the dates of the company's stock splits?|
January 27, 1949 Stock exchanged for $15 par value – 10% added
|Q.||How do I get a copy of the company's annual report and/or proxy materials?|
You may view, download and print our company reports directly from our website via this link. To request company reports to be mailed to you or to submit a question to Investor Relations, please see our Information Request .
|Q.||When is the company’s annual stockholder meeting?|
|A.||Tuesday, January 27, 2015 at 8:00 p.m Central Standard time.|
|Q.||Where is the company's annual stockholder meeting?|
|A.||The meeting will be held in the Richard L. Knowlton Auditorium at Austin High School located at 301 3rd Street NW, Austin, MN 55912.|
|Q.||What do I need to bring with me in order to attend the annual meeting?|
|A.||Record stockholders will need to bring their “admission ticket” received in the mail or sent to them by email which is contained on the proxy card or Notice of Internet Availability. The document will include language similar to that shown in the examples below. If you hold shares through a broker, you will need a letter from your broker indicating that you owned shares as of November 28, 2014 (the “Record Date”), a recent stock statement showing you hold shares, or a Legal Proxy from your broker which allows you to vote at the meeting.
|Q.||Can I bring a guest with me to the annual meeting?|
|A.||Yes. Stockholders are allowed to bring their immediate family members to the annual meeting. Non-stockholder guests will be given a guest pass at registration.|
|Q.||Will my guest be given a gift box at the annual meeting?|
|A.||No. Guests are not eligible to receive a gift box at the annual meeting.|
|Q.||Can I get a stockholder gift box if I do not attend the annual meeting?|
|A.||No, Gift boxes are available only to stockholders who attend the annual meeting. Gift boxes are not available outside of this event.|
|Q.||Can my spouse or relative pick up a box for me if I am unable to attend the annual meeting?|
|A.||No. Only the stockholder who attends the meeting may pick up the gift box at the conclusion of the meeting.|
|Q.||Can I attend the annual meeting if I own shares through my 401K plan?|
|A.||No. If you own shares through your 401(k) plan, you are not the stockholder. You are a participant of the plan. The plan is the actual stockholder.|
|Q.||Can I attend the annual meeting if I hold shares in the employee stock purchase plan (ESPP)?|
|A.||Yes. See “What do I need to bring with me in order to attend the annual meeting?” above.|
|Q.||Where can I find information concerning the company's quarterly earnings results?|
We issue a press release of earnings results each quarter, and hold a conference call each quarter to discuss those results. Past press releases are available in the Earnings & Announcements section of our website. Details on access to the earnings conference calls are available on our Events page. You may view, download and print our company reports directly from our website via this link. To request company reports to be mailed to you or to submit a question to Investor Relations, please see our Information Request page.
|Q.||What analysts cover the company’s stock?|
The following is a list of analysts currently covering the company’s stock
|Q.||How many people are employed by the company and its subsidiaries?|
|A.||The company has approximately 19,800 domestic and foreign employees.|
|Q.||Where can I find information about the company's board of directors?|
Information regarding the company’s board of directors can be found on our Corporate Governance page.
|Q.||Who is the company's independent auditor?|
|A.||The company’s independent auditor is Ernst & Young, LLP in Minneapolis, Minnesota.|
|Q.||When did the company acquire the SKIPPY brand and related facilities?|
|A.||On January 31, 2013, the Company acquired the United States based SKIPPY peanut butter business from Conopco, Inc. (doing business as Unilever United States Inc.), of Englewood Cliffs, N.J. This acquisition includes the Little Rock, Arkansas manufacturing facility and all sales worldwide, except sales in China. The Company completed the acquisition of the China based SKIPPY peanut butter business on November 26, 2013.|
|Q.||Where can I find a list of the brands currently represented by Hormel Foods and its subsidiaries?|
Information regarding the company’s brands can be found on our website on the Brands page.
|Q.||Where do I direct other investor questions concerning Hormel Foods or its subsidiaries?|
To submit a question to Investor Relations, please see our Information Request page, or call (507) 437-5248 to speak to Jana Haynes, Director of Investor Relations.
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