General Mills, Inc. — Form 8-K Summary
Filing/event date: September 29, 2026; the report was signed and the related press release was dated September 30, 2026. This filing reports a leadership transition and compensation arrangements, not financial results for a reporting period.
Business context and leadership transition
The Board elected Dana M. McNabb Chief Executive Officer, effective January 1, 2027. She succeeds Jeffrey L. Harmening, who is retiring as CEO and will continue as Executive Chair. McNabb has served as Chief Operating Officer since June 2026 and has held multiple leadership roles at General Mills since joining in 1999.
Compensation arrangements
- As CEO, McNabb will receive a $1,350,000 base salary and an annual cash incentive target equal to 180% of base salary.
- Her incremental target annual long-term incentive award is $2,100,000, allocated 50% to performance share units, 25% to restricted stock units, and 25% to stock options. Awards are to be granted under the 2022 Stock Compensation Plan and related agreements.
- Effective January 1, 2027, Harmening’s Executive Chair base salary will be reduced to $1,100,000 and his annual cash incentive target to 125% of base salary.
Financial performance, outlook, and risks
The filing provides no revenue, profit, cash flow, margin, debt, liquidity, or other operating results, and no guidance, outlook, contingencies, or business-risk updates. It does not provide a clear value for any such financial metric.
Important facts for investors to verify
- CEO succession and Executive Chair roles take effect January 1, 2027.
- Confirm the final terms and timing of McNabb’s long-term incentive awards in the applicable award agreements.
- Review the referenced September 30, 2026 press release for any additional transition details; its text is not included in the supplied filing content.