UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 2, 2025
(Exact name of Registrant as Specified in Its Charter)
| Delaware | 001-01185 | 41-0274440 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| Number One General Mills Boulevard Minneapolis, Minnesota |
55426 | |||
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s Telephone Number, Including Area Code: (763) 764-7600
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading |
Name of each exchange on which registered | ||
| Common Stock, $.10 par value | GIS | New York Stock Exchange | ||
| 0.125% Notes due 2025 | GIS 25A | New York Stock Exchange | ||
| 0.450% Notes due 2026 | GIS 26 | New York Stock Exchange | ||
| 1.500% Notes due 2027 | GIS 27 | New York Stock Exchange | ||
| 3.907% Notes due 2029 | GIS 29 | New York Stock Exchange | ||
| 3.560% Notes due 2030 | GIS 30A | New York Stock Exchange | ||
| 3.850% Notes due 2034 | GIS 34 | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 5, 2025, General Mills, Inc. (the “Company”) announced that Jonathan J. Nudi, Group President, North America Pet, International, and North America Foodservice, will retire from the Company effective June 30, 2025. A copy of the press release announcing Mr. Nudi’s retirement is filed as Exhibit 99 hereto.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99 | Press Release dated March 5, 2025. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 5, 2025
| GENERAL MILLS, INC. | ||
| By: | /s/ Karen Wilson Thissen | |
| Name: | Karen Wilson Thissen | |
| Title: | General Counsel and Secretary | |
Exhibit 99
General Mills Announces Long-time Senior Executive
Jon Nudi to Retire
Liz Mascolo named Segment President, North America Pet
MINNEAPOLIS (Mar. 5, 2025) — General Mills (NYSE: GIS) today announced Jon Nudi, Group President, North America Pet, International, and North America Foodservice, will retire on June 30, 2025, following a highly successful career with the company spanning more than three decades. Liz Mascolo, currently President for North America Blue Buffalo, will be promoted to Segment President, North America Pet and join the General Mills Senior Leadership Team effective March 16, 2025.
“Jon will leave a lasting legacy at General Mills,” said Jeff Harmening, chairman and CEO, General Mills. “Over the course of his 32 years, Jon embodied what it means to be a dedicated, diligent and visionary leader. His dedication to delivering outstanding results and his unwavering passion for developing future leaders strengthened us for the long term and will be a key part of the indelible mark he leaves. I sincerely thank him for his unwavering commitment and wish Jon nothing but the best as he begins his next chapter.”
Nudi joined General Mills in 1993 and held roles of increasing responsibility across the company, including leading the U.S. Snacks division and the Europe & Australia segment. Prior to his current role, Nudi served as Group President of the North America Retail (NAR) segment for 7 years, where he drove a significant improvement in performance, including strong growth in net sales and segment operating profit, as well as market share gains across the majority of NAR categories.
“While I’m proud of how I contributed to our business results,” said Nudi, “I will most cherish the moments I had connecting and working with the incredibly talented people at General Mills. As someone who started his career as a sales rep in central Pennsylvania but grew to work across the company and globe, I am incredibly thankful for the opportunities the company provided, including being able to develop and mentor some of the company’s next leaders.”
Mascolo has 22 years of experience across a broad set of General Mills brands and businesses. Prior to her current role, she served as Vice President of Strategy and Growth and Vice President of Marketing for the Pillsbury Business Unit and Cheerios Business Unit. Mascolo’s earlier career includes an international position as Global Marketing Director at Cereal Partners Worldwide S.A. and a variety of general management roles. Mascolo holds an MBA from the University of Virginia Darden School of Business and a BS in Government from the University of Notre Dame.
“I am excited to welcome Liz to join our Senior Leadership Team,” continued Harmening. “I’m confident her broad experiences across both human food and pet food – as well as her history of driving growth and innovation – will only strengthen our company further.”
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About General Mills
General Mills makes food the world loves. The company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Yoplait, Totino’s, Annie’s, Wanchai Ferry, Yoki and more. General Mills generated fiscal 2024 net sales of U.S. $20 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled U.S. $1 billion. For more information, visit www.generalmills.com.
Contacts
(Investors) Jeff Siemon: +1-763-764-2301
(Media) Chelcy Walker: +1-763-764-6364