Hormel Foods Management
Management criteria checks 4/4
Hormel Foods' CEO is Jim Snee, appointed in Oct 2015, has a tenure of 8.5 years. total yearly compensation is $6.79M, comprised of 15.2% salary and 84.8% bonuses, including company stock and options. directly owns 0.069% of the company’s shares, worth $13.19M. The average tenure of the management team and the board of directors is 4.5 years and 9.8 years respectively.
Key information
Jim Snee
Chief executive officer
US$6.8m
Total compensation
| CEO salary percentage | 15.2% |
| CEO tenure | 8.5yrs |
| CEO ownership | 0.07% |
| Management average tenure | 4.5yrs |
| Board average tenure | 9.8yrs |
Recent management updates
Recent updates
Hormel: Hit The Fade And Look To Buy Below $25
Apr 22Hormel Foods Corporation (NYSE:HRL) Shares Could Be 31% Below Their Intrinsic Value Estimate
Apr 21
Hormel Foods (NYSE:HRL) Will Pay A Dividend Of $0.2825
Apr 03The Reasons Hormel Foods Has Fallen Out Of Favor With Us
Mar 20Hormel: Mixed Outlook For This Dividend King
Mar 14Hormel Foods Corporation Just Beat EPS By 21%: Here's What Analysts Think Will Happen Next
Mar 03Hormel: Peak Pessimism, Buy For A Trade And Then Hit The Fade
Feb 15Hormel: Discounted Dividend King With Historically High Yield
Feb 08Down 40%, 3.6%-Yielding Hormel Foods Has Become Very Attractive
Jan 15These 4 Measures Indicate That Hormel Foods (NYSE:HRL) Is Using Debt Reasonably Well
Jan 10Hormel: This Dividend King Is Getting Very Old
Jan 05Hormel Foods' (NYSE:HRL) Shareholders Will Receive A Bigger Dividend Than Last Year
Dec 22Hormel Foods (NYSE:HRL) Is Increasing Its Dividend To $0.2825
Dec 08Hormel Is A Historic Buy, And So Are These 6%-Yielding Dividend Aristocrats
Dec 06Hormel Foods' (NYSE:HRL) Dividend Will Be Increased To $0.2825
Nov 24Hormel Foods: Q4 Earnings Might Not Look Pretty
Nov 20Hormel Foods: Getting Closer To A Buy
Nov 13Hormel Foods Stock: Caution, Just Caution
Oct 11Here's Why Hormel Foods (NYSE:HRL) Can Manage Its Debt Responsibly
Sep 05Hormel Feeds The Bears Some More
Aug 31Hormel Foods: Still Not Worth It
Aug 15Calculating The Fair Value Of Hormel Foods Corporation (NYSE:HRL)
Aug 14Hormel Foods Will Return To Growth
Jun 08Hormel Foods (NYSE:HRL) Seems To Use Debt Quite Sensibly
Jun 07Hormel Dividends: Where's The Juice?
May 31Estimating The Fair Value Of Hormel Foods Corporation (NYSE:HRL)
May 08Hormel Foods (NYSE:HRL) Has Announced That It Will Be Increasing Its Dividend To $0.275
Apr 05Is Hormel Foods (NYSE:HRL) A Risky Investment?
Feb 28Hormel Foods: A Great, But Overvalued Consumer Staples Stock
Feb 12A Look At The Fair Value Of Hormel Foods Corporation (NYSE:HRL)
Jan 27Hormel Foods (NYSE:HRL) Is Increasing Its Dividend To $0.275
Jan 12Hormel: A Mini Spam Bubble Becomes Less Expensive
Jan 11Hormel Foods - Not Too Delicious
Dec 28Hormel Foods' (NYSE:HRL) Dividend Will Be Increased To $0.275
Dec 21Hormel Foods makes minority investment in Garudafood
Dec 16We Remain Bullish On Hormel Foods Despite The Selloff
Dec 07Hormel Foods (NYSE:HRL) Is Increasing Its Dividend To $0.275
Nov 25CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jan 28 2024 | n/a | n/a | US$795m |
| Oct 29 2023 | US$7m | US$1m | US$794m |
| Jul 30 2023 | n/a | n/a | US$878m |
| Apr 30 2023 | n/a | n/a | US$934m |
| Jan 29 2023 | n/a | n/a | US$978m |
| Oct 30 2022 | US$9m | US$1m | US$1b |
| Jul 31 2022 | n/a | n/a | US$1b |
| May 01 2022 | n/a | n/a | US$960m |
| Jan 30 2022 | n/a | n/a | US$926m |
| Oct 31 2021 | US$10m | US$1m | US$909m |
| Jul 25 2021 | n/a | n/a | US$861m |
| Apr 25 2021 | n/a | n/a | US$888m |
| Jan 24 2021 | n/a | n/a | US$887m |
| Oct 25 2020 | US$10m | US$966k | US$908m |
| Jul 26 2020 | n/a | n/a | US$929m |
| Apr 26 2020 | n/a | n/a | US$926m |
| Jan 26 2020 | n/a | n/a | US$980m |
| Oct 27 2019 | US$8m | US$933k | US$979m |
| Jul 28 2019 | n/a | n/a | US$985m |
| Apr 28 2019 | n/a | n/a | US$996m |
| Jan 27 2019 | n/a | n/a | US$950m |
| Oct 28 2018 | US$6m | US$883k | US$1b |
| Jul 29 2018 | n/a | n/a | US$969m |
| Apr 29 2018 | n/a | n/a | US$941m |
| Jan 28 2018 | n/a | n/a | US$915m |
| Oct 29 2017 | US$6m | US$850k | US$847m |
Compensation vs Market: Jim's total compensation ($USD6.79M) is below average for companies of similar size in the US market ($USD13.51M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
CEO
Jim Snee (56 yo)
8.5yrs
Tenure
US$6,785,979
Compensation
Mr. James P. Snee, also known as Jim, has been the Chief Executive Officer of Hormel Foods Corporation since October 31, 2016 and its President from October 26, 2015. Mr. Snee served as the Chief Operating...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 8.5yrs | US$6.79m | 0.069% $ 13.2m | |
| Executive VP & CFO | 2.3yrs | US$1.94m | 0.010% $ 2.0m | |
| Executive Vice President of Retail | no data | US$1.91m | 0.016% $ 3.0m | |
| Senior Vice President of Research & Development and Quality Control | 9.1yrs | US$1.32m | 0.0085% $ 1.6m | |
| Director of Investor Relations | no data | no data | no data | |
| Senior VP & Chief Compliance Officer | 3.5yrs | no data | 0.0027% $ 517.7k | |
| Senior VP & Chief Communications Officer | less than a year | no data | no data | |
| Vice President of Corporate Development | no data | no data | no data | |
| Senior Vice President of Human Resources | 1.5yrs | no data | 0.0033% $ 633.2k | |
| Group VP & Chief Marketing Officer of Hormel Foods Retail Business | 20.6yrs | no data | no data | |
| Group VP & President of Hormel Foods International | 7.5yrs | no data | 0.0059% $ 1.1m | |
| VP and Senior VP of Sales & Consumer Products Sales | 4.5yrs | no data | no data |
4.5yrs
Average Tenure
56.5yo
Average Age
Experienced Management: HRL's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 8.5yrs | US$6.79m | 0.069% $ 13.2m | |
| Independent Director | 12.6yrs | US$274.99k | 0.015% $ 2.9m | |
| Independent Director | 9.8yrs | US$314.47k | 0.013% $ 2.5m | |
| Independent Director | 11.6yrs | US$304.08k | 0.019% $ 3.6m | |
| Independent Lead Director | 5.4yrs | US$320.48k | 0.0058% $ 1.1m | |
| Independent Director | 9.8yrs | US$270.04k | 0.011% $ 2.1m | |
| Independent Director | 17.6yrs | US$245.85k | 0.017% $ 3.3m | |
| Independent Director | 9.8yrs | US$296.42k | 0.013% $ 2.5m | |
| Independent Director | 1.1yrs | US$277.51k | 0.0017% $ 327.2k | |
| Independent Director | 4.4yrs | US$267.51k | 0.0037% $ 708.2k |
9.8yrs
Average Tenure
63.5yo
Average Age
Experienced Board: HRL's board of directors are considered experienced (9.8 years average tenure).