Activist group pushes Hormel for more antibiotic reporting in shareholder proposal

 

By Brooks Johnson, Post Bulletin (MN)

January 12, 2022

 

AUSTIN A shareholder activist group wants Hormel Foods to issue a report on "the external environmental and public health costs" of antibiotic use in the meat it sources and how those costs could affect the company, investors and the global economy."

 

Hormel is aware that overuse of antibiotics puts the global health system at risk," the Shareholder Commons, a Delaware-based nonprofit, wrote in a Securities and Exchange Commission filing last week.

 

"The company must make decisions about how much to invest in fighting AMR," or anti-microbial resistance, which can reduce the effectiveness of certain medicines in animals and humans.

 

The group wants shareholders to vote for the proposal at Hormel's annual meeting later this month.

 

The Austin-based company's board of directors is recommending a vote against the proposal, saying...

 

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