James Snee, Hormel Foods Corp. chairman, president, CEO

Total compensation: $3,114,003 for the year ended Oct. 31

Salary: $849,940

Bonus: $400

Nonequity incentive pay: $2,108,771

Other compensation: $144,097

Exercised stock options: $10,795

New stock options: 277,400

Total fiscal 2017 shareholder return: -17.4 percent

Note: Snee became chairman, president and CEO effective Nov. 20, 2016. His total compensation rose 40.3 percent compared with the previous year as his salary and potential bonus increased to reflect his new roles.

Snee earned a 26 percent larger cash performance bonus — his nonequity incentive pay — than the prior year while other executives earned smaller bonuses than the previous year as the company fell short of the earnings incentive targets for the year.

In his first year in charge, Snee completed several large acquisitions including the addition of the premium Columbus brand of craft deli meats, a meat products company in Brazil, and the Fontanini brand of Italian meats and sausages. Hormel also sold Clougherty Packing, maker of Farmer John hot dogs and other products.