Hormel Foods

On March 25, 2024, the Board of Directors (the “Board”) of Hormel Foods Corporation (the “Company”), upon recommendation of the Governance Committee, accepted the resignation of Mr. Jose Luis Prado as a member of the Board, effective immediately. Mr. Prado tendered his resignation in accordance with the Company’s Corporate Governance Guidelines in connection with his acceptance of a new full-time professional opportunity. Mr. Prado’s resignation is not the result of any disagreement with the Company. The Board thanks Mr. Prado for his meaningful contributions to the Board during his tenure. Following Mr. Prado’s departure from the Board, the size of the Board has been reduced to ten directors. 2

On February 1, 2024, Raymond G. Young resigned from the Hormel Foods Corporation Board of Directors, effective immediately, having meaningfully contributed to the Board during his tenure. 3

On February 1, 2024, Hormel Foods Corporation announced Mark Coffey, group vice president of supply chain, will retire at the end of the second quarter of fiscal 2024. A copy of the press release is furnished as Exhibit 99 to this Form 8-K and is incorporated herein by reference. Section 9 – FINANCIAL STATEMENTS AND EXHIBITS

On November 13, 2023, in connection with the previously disclosed separation of Lori J. Marco, the Senior Vice President, External Affairs and General Counsel of Hormel Foods Corporation (the “Company”), the Company and Ms. Marco entered into a separation agreement and general release (the “Separation Agreement”). Under the Separation Agreement, Ms. Marco will receive separation benefits consisting of (i) 12 months of base salary in the amount of $380,000, (ii) a cash payment in the amount of $169,400 in respect of the Company’s Operators’ Share Plan, (iii) a lump sum payment in the amount of $32,308 in lieu of Ms. Marco’s long-term incentive award under the Company’s Incentive Compensation Plan, prorated based on days worked and calculated based on target performance, (iv) a lump sum payment in the amount of $50,000 in respect of certain fees and expenses incurred by Ms.

On September 25, 2023, Hormel Foods Corporation (the “Company”) determined that Lori J. Marco, the Company’s Senior Vice President, External Affairs and General Counsel, will separate from the Company effective as of October 27, 2023. The Company intends to conduct a search of internal and external candidates to replace Ms. Marco. Section 9 – FINANCIAL STATEMENTS AND EXHIBITS

On March 27, 2023, Hormel Foods Corporation (the Company) elected Ray Young and Mike Zechmeister to its Board of Directors, effective immediately. Mr. Young will join the Audit and Governance Committees of the Company's Board of Directors. Mr. Zechmeister will join the Audit and Compensation Committees of the Company's Board of Directors. Neither Mr. Young nor Mr. Zechmeister is a party to any transaction with the Company or any subsidiary of the Company. The Company has not entered into any material contracts or arrangements in connection with their election to the Board of Directors. Mr. Young's and Mr. Zechmeister's compensation as a director will be consistent with the compensation policies applicable to the Company's other non-employee directors. A copy of the press release is attached as Exhibit 99 to this Current Report on Form 8-K. Section 9 – FINANCIAL STATEMENTS AND EXHIBITS

On January 27, 2022, Hormel Foods Corporation (the Company) announced two personnel changes effective February 18, 2022. Paul Kuehneman, assistant controller, will advance to the position of vice president and controller succeeding Jana Haynes. Haynes gave the Company notice of her resignation on January 21, 2022. Kuehneman, age 50, was elected to the position of assistant controller on October 26, 2020. In this role, he leads all financial responsibilities for supply chain, Jennie-O Turkey Store and product costing, including financial analysis, management reporting and forecasting. Prior to being named to this position, Kuehneman was vice president and chief financial officer for Jennie-O Turkey Store since 2016.

On December 2, 2021, the Company clarified that the effective date for Jacinth C. Smiley's election to be the Company's next Executive Vice President and Chief Financial Officer is January 1, 2022, and that James N. Sheehan remains Executive Vice President and Chief Financial Officer until he retires December 31, 2021. 2

On October 29, 2021, Hormel Foods Corporation (the Company) announced the upcoming retirement of James N. Sheehan, Executive Vice President and Chief Financial Officer, who will retire effective December 31, 2021. The Board of Directors elected Jacinth C. Smiley to be the Company’s next Executive Vice President and Chief Financial Officer effective November 1, 2021. Smiley, age 53, joined the Company in March 2021 as Group Vice President of Corporate Strategy. In this role, she leads the Company’s overall corporate strategy while serving as a member of the senior leadership team. Prior to joining the Company, she was Vice President and Chief Accounting Officer for LyondellBasell, one of the largest plastics, chemicals and refining companies in the world.

On February 1, 2021, Hormel Foods Corporation (the “Company”) announced that Glenn Leitch, executive vice president of supply chain, will retire during the second calendar quarter of 2021. A copy of the release is furnished as Exhibit 99 to this Form 8-K and is incorporated herein by reference. Section 9 – FINANCIAL STATEMENTS AND EXHIBITS

On June 11, 2020, Hormel Foods Corporation announced the upcoming retirement of Jim Splinter, group vice president, corporate strategy, on June 18, 2020. A copy of the press release is furnished as Exhibit 99 to this Form 8-K and is incorporated herein by reference. Section 9 – FINANCIAL STATEMENTS AND EXHIBITS

On November 25, 2019, Hormel Foods Corporation (the Company) issued a press release announcing the election of Prama Bhatt to its Board of Directors, effective November 25, 2019. Ms. Bhatt is senior vice president, digital and e-commerce for Ulta Beauty. Ms. Bhatt will join the Audit Committee of the Company's Board of Directors. Ms. Bhatt is not a party to any transaction with the Company or any subsidiary of the Company, and the Company has not entered into any material contracts or arrangements in connection with her election to the Board of Directors. Ms. Bhatt will receive restricted stock awards under the Hormel Foods Corporation 2018 Incentive Compensation Plan. The press release announcing this election is attached hereto as Exhibit 99.1. Section 9 – FINANCIAL STATEMENTS AND EXHIBITS

On October 25, 2019, Hormel Foods Corporation announced the retirement of Tom Day, executive vice president, Refrigerated Foods, at the end of the first quarter fiscal 2020. A copy of the press release is furnished as Exhibit 99 to this Form 8-K and is incorporated herein by reference. Section 9 – FINANCIAL STATEMENTS AND EXHIBITS

On March 25, 2019, Hormel Foods Corporation (the Company) issued a press release announcing the election of Jose Luis Prado to its Board of Directors, effective March 25, 2019. Mr. Prado is chairman and chief executive officer of Evans Food Group. Mr. Prado will join the Audit Committee of the Company's Board of Directors. Mr. Prado is not a party to any transaction with the Company or any subsidiary of the Company, and the Company has not entered into any material contracts or arrangements in connection with his election to the Board of Directors. Mr. Prado will receive restricted stock awards under the Hormel Foods Corporation 2018 Incentive Compensation Plan. The press release announcing this election is attached hereto as Exhibit 99.1. Section 9 — FINANCIAL STATEMENTS AND EXHIBITS

On November 19, 2018, Hormel Foods Corporation (the Company) issued a press release announcing the election of Bill Newlands to its Board of Directors, effective November 19, 2018. Mr. Newlands is president and chief operating officer of Constellation Brands. Mr. Newlands has been appointed president and chief executive officer of Constellation Brands, effective March 1, 2019. Mr. Newlands will join the Audit Committee of the Company's Board of Directors. Mr. Newlands is not a party to any transaction with the Company or any subsidiary of the Company, and the Company has not entered into any material contracts or arrangements in connection with his election to the Board of Directors. Mr. Newlands will receive restricted stock awards under the Hormel Foods Corporation 2018 Incentive Compensation Plan. The press release announcing this election is attached hereto as Exhibit 99.1.

On February 6, 2018, Hormel Foods Corporation (the “Company”) announced that Steve Binder, executive vice president and president Hormel Business Units, will retire at the end of the Second Quarter Fiscal 2018. A copy of the release is furnished as Exhibit 99 to this Form 8-K and is incorporated herein by reference. Section 9 – FINANCIAL STATEMENTS AND EXHIBITS

On January 30, 2018, stockholders of Hormel Foods Corporation (the Company) approved the Hormel Foods Corporation 2018 Incentive Compensation Plan (the Plan). The purpose of the Plan is to promote the interests of the Company and its stockholders by aiding the Company in attracting and retaining employees, officers, nonemployee directors, consultants and advisors capable of assuring the future success of the Company, to offer such persons incentives to put forth maximum efforts for the success of the Company’s business, to afford such persons an opportunity to acquire a proprietary interest in the Company by rewarding them for making major contributions to the success of the Company and to thereby promote the Company’s long-term business success.

On September 27, 2017, Hormel Foods Corporation (the “Company”) announced the retirement of Jeffrey M. Ettinger as chairman of the board, effective November 20, 2017. Ettinger served on the Hormel Foods Board of Directors since May 2004 and as chairman of the board since November 2006. The board of directors also elected Jim Snee to be the Company’s next chairman of the board, effective November 20, 2017, adding to Snee’s current responsibilities as chief executive officer and president of Hormel Foods. A copy of the release is furnished as Exhibit 99 to this Form 8-K and is incorporated herein by reference. Section 9 - FINANCIAL STATEMENTS AND EXHIBITS

On September 6, 2016, the Board of Directors of Hormel Foods Corporation (the Company) received notice of the upcoming retirement of Jeffrey M. Ettinger, who will retire as chief executive officer, effective October 30, 2016. Ettinger will continue to serve as the Company’s chairman of the board. The Board of Directors then elected James P. Snee to be the Company’s next chief executive officer, effective October 31, 2016. Snee becomes president and chief executive officer of Hormel Foods after serving as president and chief operating officer since October 26, 2015. In that role, he led all of the company’s business segments and global operations including Grocery Products, Refrigerated Foods, Specialty Foods, Jennie-O Turkey Store and International & Other.

On May 23, 2016, the Board of Directors of Hormel Foods Corporation (the Company) received notice of the upcoming retirement of Jody H. Feragen, who will retire as Executive Vice President and Chief Financial Officer, and as a member of the Board of Directors, effective October 30, 2016. The Board of Directors then elected James N. Sheehan to be the Company’s next Senior Vice President and Chief Financial Officer, effective October 31, 2016. On March 29, 2016, Sheehan, age 60, was elected to the position of Vice President and Chief Accounting Officer, effective May 30, 2016. In this role, he is responsible for financial policies, internal controls, Sarbanes-Oxley Section 404 compliance and financial reporting, as well as the general accounting, cost, and business unit accounting functions of the Company. He also oversees the information technology organization.

On March 29, 2016, the Board of Directors of Hormel Foods Corporation (the Company) elected James N. Sheehan to the position of vice president and chief accounting officer, advancing Mr. Sheehan from the position of vice president and controller, effective May 30, 2016. A press release announcing the advancement of James N. Sheehan, along with other executive retirements and advancements for the Company, is attached hereto as Exhibit 99. Section 9 — FINANCIAL STATEMENTS AND EXHIBITS