Jeffrey M. Ettinger was the CEO of Hormel Foods Corporation from 2006 to 2016. When he took the reins, he was already familiar with the company, having started his career there back in 1989. His rise through the ranks was...

Current Market Cap

$17.36B

Number of Employees

20K

Total Compensation

2012 - 2016

Trending up by 1.44% last year
Showing total compensation for the last 2012 - 2016

Stock

Up by 0.00% last year

Salary

Up by 1.92% last year

Bonus

Up by 33.33% last year

Other

Down by -6.59% last year

Year

2016

Total Compensation

$1.08M

Salary

$1.02M

Board Justification

The compensation programs are designed to attract, retain, and incentivize executive officers to create stockholder value, with a strong pay-for-performance philosophy.

Bonus

$400.00

Board Justification

Consists of a discretionary bonus that was paid, in the same amount, to all other eligible employees.

Other

$57.79K

Board Justification

Includes Joint Earnings Profit Sharing distributions, Company 401k Match, use of Company car, use of Company properties, and physical exams.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were vested in 2016.

Performance Metrics

Compensation is based on Company performance metrics including earnings per share (EPS) and earnings before interest and taxes (EBIT).

SEC Filing

From December 21, 2016