James P. Snee has been the CEO of Hormel Foods Corporation since 2016. His journey with Hormel started back in 1989, working in various roles all the way up to president and COO before taking the helm as CEO. With...

Number of Employees

20K

Year

2023

Total Compensation

$1.17M

Salary

$1.03M

Board Justification

The compensation philosophy emphasizes performance-based pay to align executive interests with shareholder value.

Bonus

$0.00

Board Justification

No bonus was reported for 2023.

Other

$134.50K

Board Justification

Other compensation includes contributions to retirement plans and perquisites.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023.

Performance Metrics

The performance metrics for 2023 included EBIT, Net Sales, and ESG initiatives.

SEC Filing

From December 20, 2023