Who to call at BROWN FORMAN CORP, and when
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BROWN FORMAN CORP
A senior executive or director joined, left, or changed roles. An 8-K is the notice a US public company must file within four business days of a major event.
www.brown-forman.comAI Executive Summary
AI-powered analysis of 8-K filing content
Brown-Forman's Board approved an Executive Change in Control Severance Plan covering executive leadership, including Named Executive Officers, for terminations without cause during a 24-month protection period starting 30 days before a change in control. The plan is designed to retain key talent during potential ownership or control transitions.
Key Takeaways
The plan applies to involuntary terminations due to a Qualifying Termination during a Change in Control Protection Period that begins 30 days before and ends 24 months after a change in control is con
Severance is a multiple of base salary plus the greater of target bonus or earned bonus, set at 3.0x for the CEO and 2.0x for other executive leadership team members.
2 more takeaways
Related Filings (6)
6 more filings from BROWN FORMAN CORP in the last 90 days
Filing Overview
What This Means
BROWN FORMAN CORP filed with the SEC. Fundz turns 8-K material events into an alert with the right executive attached.
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