Hormel Foods (HRL) has released an update to notify the public and investors about the submission of matters to a vote of security holders.
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Hormel Foods Corporation held its annual stockholders meeting on January 30, 2024, with over 91% of shares represented. Twelve director nominees were voted on, with each receiving a majority of support. Additionally, shareholders approved the amendment of the Company’s Restated Certificate of Incorporation to exculpate officers, ratified Ernst & Young LLP as the independent auditor for the fiscal year ending October 27, 2024, and endorsed executive compensation. Following the meeting, on February 1, Raymond G. Young resigned from the Board of Directors.
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For a comprehensive understanding of the announcement, you can read the full document here.