Hormel Foods: Group VP International Swen Neufeldt to take Singapore assignment July 27
Hormel Foods entered into an international assignment letter with Swen Neufeldt, its Group Vice President, International, who will move to a Singapore subsidiary while keeping his current role. The filing details his compensation and relocation benefits, which the company says are designed to minimize the financial impact of the move.
Key points
- Assignment to Hormel Foods Asia Pacific Pte. Ltd. in Singapore begins on or around July 27, 2026, with no fixed end date
- Base salary of $526,400 per year plus a cost-of-living adjustment of $56,103 per year, with a Company-paid housing allowance of $90,566 per year
- Special relocation payment of $20,000 and household goods shipment allowance of up to $25,000; repayment applies if he resigns or is terminated for cause before the three-year anniversary
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.