UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Schedule 13G

 

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 1)*

 

Hormel Foods Corporation

(Name of Issuer)

 

 

Common Stock

(Title of Class of Securities)

 

 

440452–10–0

CUSIP Number

 

October 31, 2010 (Fiscal year–end – annual filing)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

[   ]

Rule 13d–1(b)

[   ]

Rule 13d–1(c)

[ x ]

Rule 13d–1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

1


 

SCHEDULE 13G

 

CUSIP NO. 440452–10–0

 

1.

NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

The Hormel Foundation

41–0694716

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a) 

[   ]

 

(b) 

[   ]

 

3.

SEC USE ONLY

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Minnesota

 

 

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

5.

SOLE VOTING POWER

63,767,042

 

 

 

 

6.

SHARED VOTING POWER

None

 

 

 

 

7.

SOLE DISPOSITIVE POWER

63,767,042

 

 

 

 

8.

SHARED DISPOSITIVE POWER

None

 

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

63,767,042

 

10.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*                                                     [   ]

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

47.95

 

12.

TYPE OF REPORTING PERSON*

CO

 

2


 

Item 1

(a)

Name of Issuer:

 

 

Hormel Foods Corporation

 

 

 

Item 1

(b)

Address of Issuer’s Principal Executive Offices:

 

 

1 Hormel Place, Austin, Minnesota 55912–3680

 

 

 

Item 2

(a)

Name of Person Filing:

 

 

The Hormel Foundation

 

 

 

Item 2

(b)

Address of Principal Business Office, or, if none, Residence:

 

 

329 North Main Street, Suite 102L, Austin, Minnesota 55912–3498

 

 

 

Item 2

(c)

Citizenship:

 

 

Minnesota

 

 

 

Item 2

(d)

Title of Class of Securities:

 

 

Common Stock

 

 

 

Item 2

(e)

CUSIP Number:

 

 

440452–10–0

 

Item 3.

If this statement is Filed Pursuant to Sections 240.13d–1(b) or 240.13d–2(b)

 

 

Not applicable

 

 

 

Item 4.

Ownership

 

 

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

 

(a)

Amount Beneficially Owned:   

 

 

 

63,767,042

 

(b)

Percent of Class:   

 

 

 

47.95%

 

(c)

Number of shares as to which such person has:

 

 

 (i)

sole power to vote or to direct the vote   

 

 

 

63,767,042

 

 

 (ii)

shared power to vote or to direct the vote    

 

 

 

– –

 

 

 (iii)

sole power to dispose or to direct the disposition of   

 

 

 

63,767,042

 

 

 (iv)

shared power to dispose or to direct the disposition of  

 

 

 

– –

 

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Item 5.

 

Ownership of Five Percent or Less of a Class

 

 

Not applicable

 

 

 

Item 6.

 

Ownership of More than Five Percent on Behalf of Another Person

 

 

The Hormel Foundation is a charitable foundation incorporated in 1941; amended and restated July 28, 1980.  Its assets include common stock of the issuer which it has sole power to vote and the sole power of disposition. Some of such common stock is held in the capacity as trustee of various trusts for which other persons have the right to receive dividends.  Each other person having the right to receive dividends on such common stock constituting more than five percent of the outstanding common stock of the Issuer are the following:

 

 

 

 

 

 

 

Jamie Renee Hormel

Thomas D. Hormel

Marisa Ignacio Hormel

James C. Hormel

 

 

 

Item 7.

 

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Not applicable

 

 

Item 8.

 

Identification and Classification of Members of the Group

 

Not applicable

 

 

Item 9.

 

Notice of Dissolution of Group

 

 

 

Not applicable

 

 

 

Item 10.

 

Certification

 

 

 

Not applicable

 

4


 

Signature:

 

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated:      January 17, 2011

 

 

 

THE HORMEL FOUNDATION

 

 

 

 

 

/s/ J. A. ANFINSON

 

Signature

 

 

 

J. A. ANFINSON,          Treasurer

 

Name/Title

 

 

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