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)
September 5, 1996
HORMEL FOODS CORPORATION
(Exact name of registrant as specified in its
charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-2402 41-0319970
(Commission File Number) (IRS Employer
Identification Number)
1 Hormel Place, Austin, Minnesota 55912
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (507)
437-5737
Pages: This report contains three (3) pages numbered
sequentially from
this cover page.
Item 5. OTHER MATERIALLY IMPORTANT EVENTS
September 5, 1996
Bylaw 5 of the Company's Bylaws has been amended by adding
Paragraphs
B and C. The amendment to the Bylaws outlines the process
for
bringing business and nominating individuals for election as
Directors
at the Company's Annual Meeting. The text of new Paragraphs
B and C
is as follows:
B. To be properly brought before the annual
meeting of
stockholders, business must be (1) specified in the
notice of the
meeting, (2) directed to be brought before the meeting by
the Board of
Directors or (3) proposed at the meeting by a stockholder
who (i) was
a stockholder of record at the time of giving the notice
provided for
in these Bylaws, (ii) is entitled to vote at the meeting,
and (iii)
gives prior notice of the matter, which must otherwise
be a proper
matter for stockholder action, in the manner herein
provided. For
business to be properly brought before the annual
meeting by a
stockholder, the stockholder must give written notice to the
Secretary
of the corporation so as to be received at the principal
executive
offices of the corporation at least ninety (90) days
before the date
that is one year after the prior year's annual meeting.
Such notice
shall set forth (1) the name and record address of the
stockholder,
(2) the class and number of shares of the corporation
owned by the
stockholder, (3) a brief description of the business
desired to be
brought before the annual meeting and the reasons for
conducting such
business, and (4) any material interest in such
business of the
stockholder. The chairman of the meeting may refuse to
acknowledge
any proposed business not made in compliance with the
foregoing
procedure.
C. Nominations of persons for election as Directors
may be made
at the annual meeting of stockholders (a) by or at the
direction of
the Board of Directors or (b) by any stockholder who
(1) was a
stockholder of record at the time of giving of the notice
provided for
in these Bylaws, (2) is entitled to vote at the meeting and
(3) gives
prior notice of the nomination in the manner herein
provided. For a
nomination to be properly made by a stockholder, the
stockholder must
give written notice to the Secretary of the corporation
so as to be
received at the principal executive offices of the
corporation at
least ninety (90) days before the date that is one year
after the
prior year's regular meeting. Such notice shall set forth
(a) as to
the stockholder giving the notice: (i) the name and record
address of
the stockholder, and (ii) the class and number of
shares of the
corporation owned by the stockholder; and (b) as to each
person the
stockholder proposes to nominate: (i) the name, business
address and
residence address of the person, (ii) the principal
occupation or
employment of the person and (iii) the class and number of
shares of
the corporation's capital stock beneficially owned by the
person. The
chairman of the meeting may refuse to acknowledge the
nomination of
any person not made in compliance with the foregoing
procedure.
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 thereunto
duly authorized.
HORMEL FOODS CORPORATION
(Registrant)
By
D. J. HODAPP
Executive Vice President
and Chief Financial Officer
By
M. J. McCOY
Treasurer
Dated: September 5, 1996
