* FIRST PAGE
* NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
* TABLE OF CONTENTS
* GENERAL INFORMATION
* MEETING ADMISSION
* CONDUCT OF MEETING
* ITEM 1 – ELECTION OF DIRECTORS
* DIRECTOR NOMINEES
* CORPORATE GOVERNANCE
+ Corporate Governance Guidelines
+ Board Leadership Structure
+ Code of Ethical Business Conduct
+ Stock Ownership Guidelines
+ Board Independence
+ Board of Director and Committee Meetings
+ Board Role in Risk Oversight
+ Policy Regarding Attendance at Annual Meetings
+ Board Communication
* COMPENSATION OF DIRECTORS
* AUDIT COMMITTEE REPORT AND INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM FEES
+ Audit Committee Report
+ Independent Registered Public Accounting Firm Fees
+ Audit Committee Preapproval Policies and Procedures
* ITEM 2 – RATIFICATION OF APPOINTMENT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
* SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
* SECURITY OWNERSHIP OF MANAGEMENT
* EXECUTIVE COMPENSATION
* COMPENSATION COMMITTEE REPORT
* COMPENSATION DISCUSSION AND ANALYSIS
+ Compensation Overview
+ Say-on-Pay
+ Executive Compensation Programs
+ Base Salary
+ Operators’ Share Incentive Compensation Plan
+ Annual Incentive Plan
+ Long-Term Incentives
+ Stock Incentives
+ Clawback Policy
+ Pension Plan
+ Supplemental Executive Retirement Plan
+ Nonqualified Deferred Compensation Plan
+ Survivor Income Protection Plan
+ Perquisites
+ How Annual Compensation Decisions are Made
+ Tax Deductibility
* ANALYSIS OF RISK ASSOCIATED WITH OUR
COMPENSATION PLANS
* COMPENSATION OF NAMED EXECUTIVE OFFICERS (NEOs)
+ Summary Compensation Table
+ All Other Compensation
+ Grants of Plan-Based Awards For Fiscal 2017
+ Outstanding Equity Awards At Fiscal 2017 Year End
+ Vesting Schedule For Unexercisable Options
+ Option Exercises For Fiscal 2017
+ Pension Benefits
+ Nonqualified Deferred Compensation
+ Potential Payments Upon Termination
+ Potential Payments Upon Termination At Fiscal 2017
Year End
* ITEM 3 – ADVISORY VOTE ON
EXECUTIVE COMPENSATION
* ITEM 4 – APPROVE THE HORMEL FOODS
CORPORATION 2018 INCENTIVE COMPENSATION PLAN
* EQUITY COMPENSATION PLAN INFORMATION
* RELATED PARTY TRANSACTIONS
* SECTION 16(a) BENEFICIAL OWNERSHIP
REPORTING COMPLIANCE
* VIEWING AND DELIVERY OF PROXY MATERIALS
* STOCKHOLDER PROPOSALS FOR 2019 ANNUAL MEETING
OF STOCKHOLDERS
* OTHER MATTERS
* APPENDIX A – HORMEL FOODS CORPORATION 2018
INCENTIVE COMPENSATION PLAN
* FINAL PAGE
