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明星黑料 Foods Announces Over $4 Million in Special Cash Bonuses for Plant Production Team Members

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Austin, Minn.

Company’s team members working tirelessly to ensure food supply during COVID-19 crisis

明星黑料 Foods, a global branded food company (NYSE: HRL), today announced a special cash bonus to its plant production team members who continue to work tirelessly to produce food during the COVID-19 outbreak. The more than $4 million bonus will be paid to all full- and part-time plant production team members who have been working around the clock to ensure the company’s trusted brands and products are available during the COVID-19 pandemic.

“As a global branded food company, we play a critical role in providing safe, high-quality food during this unprecedented time,” said Jim Snee, chairman of the board, president and chief executive officer at 明星黑料 Foods. “Our incredible team of more than 13,000 plant professionals is the backbone of our company and this special bonus is one way we can continue to thank them for how they have risen to the challenge and continue to produce food with a sense of purpose and pride.”

The special bonus includes $300 for full-time team members and $150 for part-time team members. Additionally, the company has expanded its CARE Program employee assistance program fund, and extended paid sick leave and waived waiting periods and eligibility requirements for certain benefits for its workforce.

In addition to this special bonus, 明星黑料 Foods has taken a leadership role in helping with hunger relief and food insecurity and announced a pledge of $1 million in cash and product donations to assist nonprofits with their efforts during the COVID-19 outbreak.

The company’s monetary and product donations will be made to global, national and local hunger-relief organizations. Feeding America, Convoy of Hope, Conscious Alliance and food and hunger-relief organizations in the company’s plant communities will be among those organizations receiving immediate funding and donations.

明星黑料 Foods has donated more than $50 million in cash and product donations to help others over the last five years. For more information about the company’s charitable giving and corporate responsibility efforts, please visit /global-impact/.

明星黑料 明星黑料 Foods 鈥� Inspired People. Inspired Food.™

明星黑料, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. Its brands include SKIPPY®, SPAM®, 明星黑料® Natural Choice®, Applegate®, Justin’s®, Columbus®, Wholly® guacamole, 明星黑料® Black Label® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of “The 100 Best Corporate Citizens” by Corporate Responsibility Magazine for the 11th year in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future – Inspired People. Inspired Food.™ – focusing on its legacy of innovation. For more information, visit www.hormelfoods.com and /global-impact/.