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Executive ChangeItem 5.02 · 8-KMEDIUM RiskNeutral

Brown-Forman Corporation

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.com
Filed: Oct 31, 2025Louisville, KentuckyCIK: 0000014693Food And Beverage
Full company profileView on SEC.gov

AI Executive Summary

AI-powered analysis of 8-K filing content

Brown-Forman's Board adopted an Executive Change in Control Severance Plan on October 31, 2025, providing severance to executive leadership and select key employees whose employment is involuntarily terminated in a qualifying termination from 30 days before to 24 months after a change in control. The plan covers all current Named Executive Officers and is designed to retain key talent through a potential change in control.

Key Takeaways

The plan applies to a Change in Control Protection Period running from 30 days before to 24 months after a change in control is consummated.

Severance for the CEO is set at 3.0 times the sum of base salary and the greater of target bonus or earned bonus, and 2.0 times for other executive leadership team members.

2 more takeaways

Related Filings (3)

3 more filings from Brown-Forman Corporation in the last 90 days

Filing Overview

Form Type8-K
Filing DateOct 31, 2025
Item5.02
CategoryExecutive Change
CIK0000014693
Accession #bfb-20251031
Risk LevelMEDIUM
SentimentNeutral
Signalinformational
Topics
material agreement

What This Means

A senior executive (CEO, CFO, etc.) has joined, departed, or changed roles. Leadership changes can significantly impact strategy.
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Brown-Forman Corporation filed with the SEC. Fundz turns 8-K material events into an alert with the right executive attached.

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