UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
Hormel Foods Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
440452-10-0
CUSIP Number
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(continued on following page(s))
<PAGE>
SCHEDULE 13G
CUSIP NO.44-452-10-0
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Hormel Foundation
41-0694716
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
5. SOLE VOTING POWER
NUMBER OF 32,031,361
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY None
EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 32,031,361
WITH
8. SHARED DISPOSITIVE POWER
None
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
32,031,361
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
43.58
12. TYPE OF REPORTING PERSON*
CO
<PAGE>
Item 1 (a) Name of Issuer:
Hormel Foods Corporation
Item 1 (b) Address of Issuer's Principal Executive Offices:
1 Hormel Place, Austin, Minnesota 55912-3680
Item 2 (a) Name of Person Filing:
The Hormel Foundation
Item 2 (b) Address of Principal Business Office, or, if none, Residence:
501 16th Avenue N.E., Austin, Minnesota 55912-3680
Item 2 (c) Citizenship:
Minnesota
Item 2 (d) Title of Class of Securities:
Common Stock
Item 2 (e) CUSIP Number:
440452-10-0
Item 3. Statements Filed Pursuant to Rules 13d-1(b) or 13d-2(b)
Not applicable
Item 4. Ownership
(a) Amount Beneficially Owned:
32,031,361
(b) Percent of Class:
43.58%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote
32,031,361
(ii) shares power to vote or to direct
the vote
--
(iii) sole power to dispose or to direct
the disposition of
32,031,361
(iv) shares power to dispose or to
direct the disposition of
--
<PAGE>
Item 5. Ownership of Five Percent or Less of a Class
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another
Person The Hormel Foundation is a charitable foundation
incorporated in 1941; amended and restated July 28, 1980. Its
assets include common stock of the issuer which it has sole
power to vote and the sole power of disposition. Some of such
common stock is held in the capacity of trustee of various
trusts for which other persons have the right to receive
dividends. Each other person having the right to receive
dividends on such common stock constituting more than five
percent of the outstanding common stock of the Issuer are the
following:
George A. Hormel II
Jamie Renee Hormel
Thomas D. Hormel
Rampa Robinson Hormel
James C. Hormel
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company
Not applicable
Item 8. Identification and Classification of Members of the Group
Not applicable
Item 9. Notice of Dissolution of Group
Not applicable
Item 10. Certification
Not applicable
<PAGE>
Signature:
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: January 29, 1999
THE HORMEL FOUNDATION
Signature
D. J. HODAPP, Treasurer
Name/Title
