Every material Form 8-K General Mills filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
General Mills' board elected Chief Operating Officer Dana McNabb as chief executive, succeeding Jeffrey Harmening, who is retiring as CEO and will serve as Executive Chair of the board. Both appointments take effect January 1, 2027, and the board also set new pay levels for each executive.
McNabb's CEO base salary will be $1,350,000, with an annual cash incentive target of 180% of base salary, plus an incremental long-term incentive award of $2,100,000.
Harmening's base salary as Executive Chair will be reduced to $1,100,000, and his annual cash incentive target will decrease to 125% of base salary.
McNabb has been Chief Operating Officer since June 2026 and joined General Mills in 1999.
General Mills reported first-quarter fiscal 2027 net sales of $4.4 billion, down 3 percent, with organic net sales flat. Diluted EPS of $0.74 fell 67 percent from a year earlier, when results included a $1 billion gain on the U.S. yogurt divestiture; adjusted diluted EPS of $0.75 was down 13 percent in constant currency. The company reaffirmed its full-year fiscal 2027 outlook, including adjusted diluted EPS of $3.00 to $3.20.
Net sales were $4.4 billion, down 3 percent, driven by the U.S. yogurt divestiture; organic net sales were flat.
Operating profit was $634 million, down 63 percent, mainly due to the $1 billion yogurt divestiture gain recorded a year ago.
Diluted EPS was $0.74 versus $2.22 a year ago; adjusted diluted EPS was $0.75, down 13 percent in constant currency.
Fiscal 2027 guidance reaffirmed: adjusted diluted EPS of $3.00 to $3.20 and organic net sales down 1.5 percent to up 0.5 percent.
General Mills reported a fourth-quarter net loss of $2.0 billion, or $3.74 per diluted share, driven by $1.8 billion in non-cash goodwill and brand intangible charges and a $1.0 billion valuation loss tied to the planned Brazil divestiture. Adjusted diluted EPS rose to $0.95 in the quarter, while full-year net sales fell 5% to $18.4 billion and the company guided fiscal 2027 adjusted diluted EPS to $3.00 to $3.20, which would be lower than fiscal 2026's $3.55.
Q4 net sales rose 1% to $4.6 billion; organic net sales were flat
Q4 diluted loss per share was $3.74 versus EPS of $0.53 a year earlier; adjusted diluted EPS was $0.95
Full-year diluted loss per share was $0.16 versus EPS of $4.10; adjusted diluted EPS was $3.55, down 16% in constant currency
Fiscal 2027 outlook: adjusted diluted EPS of $3.00 to $3.20 and adjusted operating profit down 13% to 8% in constant currency; quarterly dividend of $0.61 per share declared
General Mills' board elected Dana McNabb chief operating officer and a director, both effective June 1, 2026. She will add responsibility for all operating segments and key operating functions to her current North America Retail and Pet roles, and the filing discloses her new pay package and one-time retention awards for the chief financial officer and chief digital and technology officer.
McNabb's base salary as chief operating officer is $1,000,000, with an annual cash incentive target of 150% of base salary and a target long-term annual incentive award of $4,000,000.
McNabb will receive no pay for serving on the board.
CFO Kofi A. Bruce and Chief Digital and Technology Officer Jaime Montemayor were approved for one-time restricted stock unit awards of $3,500,000 and $2,500,000, with grant dates of June 5, 2026.
McNabb has been Group President, North America Retail since January 2024 and added North America Pet in 2025.
General Mills said on May 4, 2026 that director Steve Odland, who has served more than twenty years, will not stand for reelection at the company's September 2026 annual meeting of shareholders. He will remain on the board for the rest of his current term.
Steve Odland informed the company on May 4, 2026 that he will not seek reelection to the Board of Directors.
The decision takes effect at the 2026 Annual Meeting of Shareholders in September.
Odland will continue to serve as a director through the remainder of his current term.
General Mills reported fiscal 2026 third-quarter results on March 18, 2026, with net sales of $4.4 billion, down 8%, and diluted EPS of $0.56, down 50%. The company reaffirmed its full-year fiscal 2026 targets, which include adjusted operating profit and adjusted diluted EPS both expected to be down 16 to 20 percent in constant currency. For shareholders, the quarter shows steep declines in sales and earnings, while the unchanged outlook signals that management still expects a fourth-quarter improvement.
Third-quarter net sales were $4.4 billion, down 8%, with organic net sales down 3%.
Diluted EPS was $0.56, down 50%; adjusted diluted EPS was $0.64, down 37% in constant currency.
Operating profit was $525 million, down 41%; nine-month operating profit rose 6% to $3.0 billion, driven by a $1.0 billion gain on divestitures.
Full-year fiscal 2026 organic net sales are expected to be down 1.5 to 2 percent.
General Mills appointed Joan Bottarini, Executive Vice President and Chief Financial Officer of Hyatt Hotels Corporation, to its board of directors effective January 26, 2026, bringing the board to twelve directors. On the same date, the board amended and restated the company's bylaws, revising director nomination and shareholder proposal procedures and the majority voting provision. The changes affect how shareholders can nominate directors and submit proposals for annual meetings.
Joan Bottarini was appointed effective January 26, 2026, and the board determined she is independent under NYSE standards.
Bottarini joined the Audit and Compensation and Talent Committees; the board now has twelve directors.
Bylaws were amended to revise director nomination and shareholder proposal procedures and to clarify when an election is deemed contested.
The board declared a quarterly dividend of $0.61 per share, payable May 1, 2026, to holders of record as of April 10, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every General Mills filing is on SEC EDGAR ↗. 8-K briefs of other companies →