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): | November 6, 2017 |
General Mills, Inc.
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(Exact name of registrant as specified in its charter)
| Delaware | 001-01185 | 41-0274440 |
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(State or other jurisdiction |
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(Commission |
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(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| Number One General Mills Boulevard, Minneapolis, Minnesota | 55426-1347 | |
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(Address of principal executive offices) |
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(Zip Code) |
| Registrant’s telephone number, including area code: | 763-764-7600 |
Not Applicable
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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:
[ ] 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))
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 November 6, 2017, the Board of Directors of General Mills, Inc. elected Jeffrey L. Harmening to serve as Chairman of the Board, effective January 1, 2018. Kendall J. Powell will retire from the Board and from his role as Chairman of the Board on December 31, 2017. Mr. Harmening will continue to serve as the Chief Executive Officer. A copy of the press release announcing Mr. Harmening’s appointment is attached hereto as Exhibit 99 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99 Press release of General Mills, Inc. dated November 8, 2017.
Exhibit Index
Exhibit No.
Description
Press release of General Mills, Inc. dated November 8, 2017.
SIGNATURES
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.
| General Mills, Inc. | ||||
| November 8, 2017 | By: |
Richard C. Allendorf
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| Name: Richard C. Allendorf | ||||
| Title: Senior Vice President, General Counsel and Secretary | ||||
Exhibit 99
General Mills Announces Retirement of Ken Powell as Chairman of the Board and the Election of
Jeffrey Harmening as the New Chairman
MINNEAPOLIS (November 8, 2017) – General Mills (NYSE: GIS) today announced that Ken Powell will be retiring as Chairman of the Board effective the end of the year. The company’s Board of Directors has elected Chief Executive Officer Jeffrey Harmening to serve as Chairman of the Board upon Powell’s retirement effective January 1, 2018. Harmening will continue to serve as the company’s Chief Executive Officer.
“Today’s announcement concludes a long and thoughtful process of leadership transition by the board of directors,” said Kerry Clark, Independent Lead Director of the General Mills Board. “We are very supportive of Jeff’s leadership efforts on behalf of the company since his appointment as CEO.”
Harmening became Chief Executive Officer June 1, 2017, when Powell stepped down from the role. At the time, it was expected that Powell would serve as the company’s Chairman for a transition period until his retirement.
Powell added, “Jeff is leading the company through significant changes with a steady and thoughtful hand, and it is exciting to see the speed in which the teams are responding.”
The company recently restructured to move to one global leadership team with four business segments reporting directly to the CEO, and has made significant moves to globalize functions.
“I would like to thank Ken for his support through this transition period and for the leadership legacy that he has left for us,” said Harmening. “We all wish him the very best on his retirement.”
About General Mills
General Mills is a leading global food company that serves the world by making food people love.
Its brands include
Cheerios
,
Annie’s, Yoplait
,
Nature Valley
,
Fiber One
,
Häagen-Dazs
,
Betty
Crocker
,
Pillsbury
,
Old El Paso
,
Wanchai Ferry
,
Yoki
and more. Headquartered in Minneapolis,
Minnesota, USA, General Mills generated fiscal 2017 consolidated net sales of US $15.6 billion, as
well as another US $1.0 billion from its proportionate share of joint-venture net sales.
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Analysts:
Jeff Siemon, 763-764-2301
Media:
763-764-6364 or
media.line@genmills.com