filings.toolsItem 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
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Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
The following consolidated financial statements of Hormel Foods Corporation for the fiscal year ended October 28, 2018, are filed as part of this report:
Consolidated Statements of Financial Position–October 28, 2018, and October 29, 2017.
Consolidated Statements of Operations–Fiscal Years Ended October 28, 2018, October 29, 2017, and October 30, 2016.
Consolidated Statements of Comprehensive Income–Fiscal Years Ended October 28, 2018, October 29, 2017, and October 30, 2016.
Consolidated Statements of Changes in Shareholders’ Investment–Fiscal Years Ended October 28, 2018, October 29, 2017, and October 30, 2016.
Consolidated Statements of Cash Flows–Fiscal Years Ended October 28, 2018, October 29, 2017, and October 30, 2016.
Notes to Consolidated Financial Statements
Report of Management
Report of Independent Registered Public Accounting Firm
FINANCIAL STATEMENT SCHEDULES
The following consolidated financial statement schedule of Hormel Foods Corporation required is submitted herewith:
Schedule II – Valuation and Qualifying Accounts and Reserves–Fiscal Years Ended October 28, 2018, October 29, 2017, and October 30, 2016.
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.
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
HORMEL FOODS CORPORATION
(In Thousands)
| Additions/(Benefits) | ||||||||||||||||||||||
| Classification | Balance at Beginning of Period | Charged to Cost and Expenses | Charged to Other Accounts Describe | Deductions- Describe | Balance at End of Period | |||||||||||||||||
| Valuation reserve deduction from assets account: | ||||||||||||||||||||||
| Fiscal year ended October 28, 2018 Allowance for doubtful accounts receivable | $ | 10 | (1) | $ | 65 | (4) | ||||||||||||||||
| $ | 4,246 | $ | 79 | (262 | ) | (3) | (43 | ) | (5) | $ | 4,051 | |||||||||||
| Fiscal year ended October 29, 2017 Allowance for doubtful accounts receivable | $ | 677 | (4) | |||||||||||||||||||
| $ | 4,045 | $ | 561 | $ | 261 | (2) | (56 | ) | (5) | $ | 4,246 | |||||||||||
| Fiscal year ended October 30, 2016 Allowance for doubtful accounts receivable | ||||||||||||||||||||||
| $ | 4,086 | $ | 611 | $ | — | $ | 652 | (4) | $ | 4,045 |
(1) Increase in the reserve due to the inclusion of Columbus accounts receivable.
(2) Increase in the reserve due to the inclusion of Fontanini accounts receivable.
(3) Consolidation of the Fontanini and Columbus reserves.
(4) Uncollectible accounts written off.
(5) Recoveries on accounts previously written off.
LIST OF EXHIBITS
HORMEL FOODS CORPORATION
| NUMBER | DESCRIPTION OF DOCUMENT | |
| 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 May 21, 2018, 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.) | |
| 10.10 (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.) | |
| 10.14 (1)(3) | Hormel Foods Corporation 2018 Incentive Compensation Plan. (Incorporated by reference to Appendix A to Hormel's Definitive Proxy Statement filed on December 20, 2017, File No. 001-02402.) | |
| 21.1(2) | Subsidiaries of the Registrant. | |
| 23.1(2) | Consent of Independent Registered Public Accounting Firm. | |
| NUMBER | DESCRIPTION OF DOCUMENT | |
| 24.1(2) | Power of Attorney. | |
| 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.) | |
| 101.INS(2) | XBRL Instance Document | |
| 101.SCH(2) | XBRL Taxonomy Extension Schema Document | |
| 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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