LIST OF FINANCIAL STATEMENTS AND FINANCIAL STATEMENT SCHEDULES
HORMEL FOODS CORPORATION
FINANCIAL STATEMENTS
The following consolidated financial statements of Hormel Foods Corporation included in the Annual Stockholders’ Report for the fiscal year ended October 29, 2017, are incorporated herein by reference in Item 8 of Part II of this report:
Consolidated Statements of Financial Position–October 29, 2017, and October 30, 2016.
Consolidated Statements of Operations–Fiscal Years Ended October 29, 2017, October 30, 2016, and October 25, 2015.
Consolidated Statements of Comprehensive Income–Fiscal Years Ended October 29, 2017, October 30, 2016, and October 25, 2015.
Consolidated Statements of Changes in Shareholders’ Investment–Fiscal Years Ended October 29, 2017, October 30, 2016, and October 25, 2015.
Consolidated Statements of Cash Flows–Fiscal Years Ended October 29, 2017, October 30, 2016, and October 25, 2015.
Notes to Consolidated Financial Statements–October 29, 2017.
Report of Independent Registered Public Accounting Firm
FINANCIAL STATEMENT SCHEDULES
The following consolidated financial statement schedule of Hormel Foods Corporation required pursuant to Item 15(c) is submitted herewith:
Schedule II – Valuation and Qualifying Accounts and Reserves…F-3
FINANCIAL STATEMENTS AND SCHEDULES OMITTED
All other financial statements and schedules for which provision is made in the applicable accounting regulations of the Securities and Exchange Commission are not required under the related instructions or are inapplicable, and therefore have been omitted.
F-3
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
HORMEL FOODS CORPORATION
(In Thousands)
| | | | | | Additions/(Benefits) | | | | | | | | | | | | | | | |
|---|
| | | Balance at | | | | Charged to | | | | Charged to | | | | | | | | Balance at | | |
| | | Beginning | | | | Costs and | | | | Other Accounts- | | | | Deductions- | | | | End of | | |
| Classification | | | of Period | | | | Expenses | | | | Describe | | | | Describe | | | | Period | | |
| | | | | | | | | | | | | | | | | | | | | |
| Valuation reserve deduction from assets account: | | | | | | | | | | | | | | | | | | | | | |
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| Fiscal year ended October 29, 2017 | | | | | | | | | | | | | | | | | | | | | |
| Allowance for doubtful accounts receivable | | | $ | 4,045 | | | $ | 561 | | | $ | 261 (1) | | | $ | 677 (56) | (2) (3) | | $ | 4,246 | |
| | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| Fiscal year ended October 30, 2016 | | | | | | | | | | | | | | | | | | | | | |
| Allowance for doubtful accounts receivable | | | $ | 4,086 | | | $ | 611 | | | $ | - | | | $ | 652 - | (2) (3) | | $ | 4,045 | |
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| | | | | | | | | | | | | | | | | | | | | |
| Fiscal year ended October 25, 2015 | | | | | | | | | | | | | | | | | | | | | |
| Allowance for doubtful accounts receivable | | | $ | 4,050 | | | $ | (24) | | | $ | 36 (4) | | | $ | 52 (77) | (2) (3) | | $ | 4,086 | |
| | | | | | | | | | | | | | | | | | | | | |
Note (1) – Increase in the reserve due to the inclusion of Fontanini accounts receivable.
Note (2) – Uncollectible accounts written off.
Note (3) – Recoveries on accounts previously written off.
Note (4) – Increase in the reserve due to the inclusion of Applegate accounts receivable.
LIST OF EXHIBITS
HORMEL FOODS CORPORATION
| NUMBER | | DESCRIPTION OF DOCUMENT |
|---|
| 2.1(2) | | Purchase Agreement by and among 1492 Acquisition LLC, Columbus Manufacturing, Inc., and Hormel Foods Corporation, dated October 30, 2017. Exhibits and schedules identified in the agreement have been omitted pursuant to Item 601(b)(2) of Regulation S-K and will be furnished to the Securities and Exchange Commission upon request. |
| | |
| 3.1(1) | | Restated Certificate of Incorporation as amended January 27, 2016. (Incorporated by reference to Exhibit 3.1 to Hormel’s Report on Form 10-K dated December 21, 2016, File No. 001-02402.) |
| | |
| 3.2(1) | | Bylaws as amended to date. (Incorporated by reference to Exhibit 3(ii) to Hormel’s Report on Form 8-K dated September 26, 2016, File No. 001-02402.) |
| | |
| 4.1(1) | | Indenture dated as of April 1, 2011, between the Company and U.S. Bank National Association. (Incorporated by reference to Exhibit 4.3 to Hormel’s Registration Statement on Form S-3 filed on April 4, 2011, File No. 333-173284.) |
| | |
| 4.2(1) | | Form of 4.125% Notes due 2021. (Incorporated by reference to Exhibit 4.1 to Hormel’s Current Report on Form 8-K dated April 11, 2011, File No. 001-02402.) |
| | |
| 4.3 | | Pursuant to Item 601(b)(4)(iii) of Regulation S-K, copies of instruments defining the rights of holders of certain long-term debt are not filed. Hormel agrees to furnish copies thereof to the Securities and Exchange Commission upon request. |
| | |
| 10.1(1)(3) | | Hormel Foods Corporation Operators’ Shares Incentive Compensation Plan. (Incorporated by reference to Appendix A to Hormel’s definitive Proxy Statement filed on December 19, 2012, File No. 001-02402.) |
| | |
| 10.2(1)(3) | | Hormel Foods Corporation Supplemental Executive Retirement Plan (2007 Restatement). (Incorporated by reference to Exhibit 10.2 to Hormel’s Current Report on Form 8-K dated November 21, 2011, File No. 001-02402.) |
| | |
| 10.3(1)(3) | | First Amendment of Hormel Foods Corporation Supplemental Executive Retirement Plan (2007 Restatement). (Incorporated by reference to Exhibit 10.3 to Hormel’s Current Report on Form 8-K dated November 21, 2011, File No. 001-02402.) |
| | |
| 10.4(1)(3) | | Second Amendment of Hormel Foods Corporation Supplemental Executive Retirement Plan (2007 Restatement). (Incorporated by reference to Exhibit 10.4 to Hormel’s Current Report on Form 8-K dated November 21, 2011, File No. 001-02402.) |
| | |
| 10.5(1)(3) | | Third Amendment of Hormel Foods Corporation Supplemental Executive Retirement Plan (2007 Restatement). (Incorporated by reference to Exhibit 10.5 to Hormel’s Current Report on Form 8-K dated November 21, 2011, File No. 001-02402.) |
| | |
| 10.6(1)(3) | | Hormel Foods Corporation 2000 Stock Incentive Plan (Amended 1-31-2006). (Incorporated by reference to Exhibit 10.1 to Hormel’s Current Report on Form 8-K dated January 31, 2006, File No. 001-02402.) |
| | |
| 10.7(1)(3) | | Hormel Foods Corporation Executive Deferred Income Plan II (November 21, 2011 Restatement). (Incorporated by reference to Exhibit 10.1 to Hormel’s Current Report on Form 8-K dated November 21, 2011, File No. 001-02402.) |
| | |
| 10.8(1)(3) | | Form of Indemnification Agreement for Directors and Officers. (Incorporated by reference to Exhibit 10.1 to Hormel’s Quarterly Report on Form 10-Q for the quarter ended April 29, 2012, File No. 001-02402.) |
| | |
| 10.9(1)(3) | | Hormel Foods Corporation Nonemployee Director Deferred Stock Plan (Plan Adopted October 4, 1999; Amended and Restated Effective January 1, 2008). (Incorporated by reference to Exhibit 10.6 to Hormel’s Annual Report on Form 10-K for the fiscal year ended October 26, 2008, File No. 001-02402.) |
LIST OF EXHIBITS (CONTINUED)
HORMEL FOODS CORPORATION
| NUMBER | | DESCRIPTION OF DOCUMENT |
|---|
| | |
| 10.10(1)(3) | | Hormel Foods Corporation 2009 Nonemployee Director Deferred Stock Plan (Plan Adopted November 24, 2008). (Incorporated by reference to Exhibit 10.2 to Hormel’s Quarterly Report on Form 10-Q for the quarter ended January 25, 2009, File No. 001-02402.) |
| | |
| 10.11(1)(3) | | Hormel Foods Corporation 2009 Long-Term Incentive Plan. (Incorporated by reference to Appendix A to Hormel’s definitive Proxy Statement filed on December 18, 2013, File No. 001-02402.) |
| | |
| 10.12(1)(3) | | Hormel Survivor Income Plan for Executives (1993 Restatement). (Incorporated by reference to Exhibit 10.11 to Hormel’s Annual Report on Form 10-K for the fiscal year ended October 29, 2006, File No. 001-02402.) |
| | |
| 10.13(1) | | Underwriting Agreement, dated as of April 4, 2011, by and between the Company and J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner, & Smith Incorporated as representatives of the several underwriters named in Schedule 1 thereto. (Incorporated by reference to Exhibit 1.1 to Hormel’s Current Report on Form 8-K dated April 11, 2011, File No. 001-02402.) |
| | |
| 11.1(2) | | Statement re: computation of per share earnings. (Included in Exhibit 13.1 filed with this Annual Report on Form 10-K for the fiscal year ended October 29, 2017.) |
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| 13.1(2) | | Pages 14 through 70 of the Annual Stockholders’ Report for the fiscal year ended October 29, 2017. |
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| 21.1(2) | | Subsidiaries of the Registrant. |
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| 23.1(2) | | Consent of Independent Registered Public Accounting Firm. |
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| 24.1(2) | | Power of Attorney. |
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| 31.1(2) | | Certification Required Under Section 302 of the Sarbanes-Oxley Act of 2002. |
| | |
| 31.2(2) | | Certification Required Under Section 302 of the Sarbanes-Oxley Act of 2002. |
| | |
| 32.1(2) | | Certification Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| | |
| 99.3(1) | | U.S. $700,000,000 Amended and Restated Credit Agreement, dated as of June 24, 2015, between the Company, Wells Fargo Bank, National Association, as Administrative Agent, and the lenders identified on the signature pages thereof. (Incorporated by reference to Exhibit 99 to Hormel’s Current Report on Form 8-K dated June 24, 2015, File No. 001-02402.) |
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| 101.INS(2) | | XBRL Instance Document |
| | |
| 101.SCH(2) | | XBRL Taxonomy Extension Schema Document |
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| 101.CAL(2) | | XBRL Taxonomy Extension Calculation Linkbase Document |
| | |
| 101.DEF(2) | | XBRL Taxonomy Extension Definition Linkbase Document |
| | |
| 101.LAB(2) | | XBRL Taxonomy Extension Labels Linkbase Document |
| | |
| 101.PRE(2) | | XBRL Taxonomy Extension Presentation Linkbase Document |
| | |
| (1) | | Document has previously been filed with the Securities and Exchange Commission and is incorporated herein by reference. |
| (2) | | These exhibits transmitted via EDGAR. |
| (3) | | Management contract or compensatory plan or arrangement. |
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