UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 27, 2017
HORMEL FOODS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware |
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1-2402 |
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41-0319970 |
(State or Other |
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(Commission File |
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(IRS Employer |
1 Hormel Place
Austin, MN 55912
(Address of Principal Executive Office)
Registrant’s telephone number, including area code: (507) 437-5611
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Section 2 – FINANCIAL INFORMATION
Item 2.01 Completion of Acquisition or Disposition of Assets
On November 27, 2017, Hormel Foods Corporation (the Company) completed the previously announced acquisition of Columbus Manufacturing, Inc., an authentic, premium deli meat and salami company, from Chicago-based Arbor Investments.
The purchase price is approximately $850 million.
Section 7 – REGULATION FD
Item 7.01 Regulation FD Disclosure
On November 27, 2017, the Company issued a press release announcing the closing of the acquisition of Columbus Manufacturing, Inc., an authentic, premium deli meat and salami company. A copy of the press release is furnished as Exhibit 99 to this Form 8-K and is incorporated herein by reference.
Section 8 – OTHER EVENTS
Item 8.01 Other Events
On November 27, 2017, in connection with the closing of the acquisition, the Company issued a press release to also provide updated guidance for fiscal year 2018. 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
Item 9.01 Financial Statements and Exhibits
(d) Exhibits furnished pursuant to Items 7.01 and 8.01
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
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HORMEL FOODS CORPORATION | |
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(Registrant) | |
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Dated: November 27, 2017 |
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/s/ JAMES P. SNEE |
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JAMES P. SNEE |
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Chairman of the Board, President and |
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Chief Executive Officer |
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Dated: November 27, 2017 |
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/s/ JAMES N. SHEEHAN |
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JAMES N. SHEEHAN |
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Senior Vice President and |
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Chief Financial Officer |