Hormel Foods Corporation filed an 8-K/A amending prior disclosures regarding Jacinth Smiley's departure as Executive Vice President and Chief Financial Officer effective October 26, 2025, with her last employment day November 30, 2025. On February 11, 2026, the Company entered a Separation Agreement providing her specified cash payments and continued eligibility for a 2023 long-term incentive award in exchange for a release and covenants.
Key takeaways
Jacinth Smiley ceased as EVP and CFO effective October 26, 2025; last employment day November 30, 2025
Separation Agreement dated February 11, 2026, requires general release with 15-day revocation period
Cash payments: $941,667 within 10 business days post-revocation, $916,667 near January 15, 2027, $916,666 near January 14, 2028
Continued eligibility for 2023 Cash LTIP award through October 25, 2026, payout by December 31, 2026