Shareholder Commons a non-profit group has placed a resolution dealing with antibiotic use to be considered at the annual meeting of Hormel Foods.  The activist group is demanding stricter control of antibiotics despite the publication of the Antibiotic Stewardship Report by the Company in January 2021.  Hormel Foods is in compliance with FDA regulations regarding administration of antibiotics to herds.

Hormel regards the proposed resolution as an unnecessary expense that will divert attention from management activities by company personnel that ultimately benefit shareholders and other stakeholders.  Generally activist organizations that file resolutions relating to welfare, environmental issues and public health do not gather sufficient shareholder support for adoption. By filing nuisance resolutions activist organizations justify their existence and create the opportunity to generate financial support from contributors.