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EX-99 - EX-99 - HORMEL FOODS CORP /DE/a14-18737_1ex99.htm

 

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)   August 11, 2014

 

HORMEL FOODS CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-2402

 

41-0319970

(State or Other
Jurisdiction of
Incorporation)

 

(Commission File
Number)

 

(IRS Employer
Identification
Number)

 

 

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))

 



 

Section 2 – FINANCIAL INFORMATION

 

Item 2.01  Completion of Acquisition or Disposition of Assets

 

On August 11, 2014, Hormel Foods Corporation (the Company) completed the previously announced acquisition of CytoSport Holdings, Inc., maker of Muscle Milk® products.

 

The purchase price is approximately $450 million.

 

The agreement provides for a potential additional payment of up to $20 million subject to meeting specific financial performance criteria over the next two years.

 

Section 7 – REGULATION FD

 

Item 7.01 Regulation FD Disclosure

 

On August 12, 2014, the Company issued a press release announcing the closing of the acquisition of CytoSport Holdings, Inc., maker of Muscle Milk® products.  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 Item 7.01

 

99                    Press release issued August 12, 2014

 

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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.

 

 

 

HORMEL FOODS CORPORATION

 

      (Registrant)

 

 

 

 

Dated: August 12, 2014

By /s/J. H. FERAGEN

 

      J. H. FERAGEN

 

      Executive Vice President

 

      and Chief Financial Officer

 

 

 

 

 

 

Dated: August 12, 2014

By /s/J. N. SHEEHAN

 

      J. N. SHEEHAN

 

      Vice President and Controller

 

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