Fortune Brands Innovations Reports on Dispositions and Executive Changes

TL;DR

FBIN filing shows executive changes & disposal costs. Keep an eye on strategy shifts.

AI Summary

On January 18, 2025, Fortune Brands Innovations, Inc. reported on cost-associated exit or disposal activities, the departure of directors or certain officers, and compensatory arrangements. The filing also included information on Regulation FD disclosures and financial statements and exhibits.

Why It Matters

This filing provides insight into significant corporate events, including potential restructuring or executive transitions, which can impact the company's future strategy and financial performance.

Risk Assessment

Risk Level: medium — The filing mentions departure of directors/officers and disposal activities, which can indicate underlying business challenges or strategic shifts that carry inherent risks.

Key Players & Entities

• Fortune Brands Innovations, Inc. (company) — Registrant
• January 18, 2025 (date) — Earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• 1-35166 (company_id) — Commission File Number
• 62-1411546 (tax_id) — IRS Employer Identification No.

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share FBIN New York Stock Excha
• $50 million — estimated in the range of approximately $50 million to $80 million in the aggregate, the ma
• $80 million — e range of approximately $50 million to $80 million in the aggregate, the majority of which

Filing Documents

• fbin-20250118.htm (8-K) — 50KB
• fbin-ex99_1.htm (EX-99.1) — 41KB
• img15918052_0.jpg (GRAPHIC) — 48KB
• 0000950170-25-007550.txt ( ) — 275KB
• fbin-20250118.xsd (EX-101.SCH) — 23KB
• fbin-20250118_htm.xml (XML) — 4KB

05 Costs Associated with Exit or Disposal Activities

Item 2.05 Costs Associated with Exit or Disposal Activities. As announced in the Press Release (as defined herein), on January 18, 2025, Fortune Brands Innovations, Inc. (the "Company") decided to consolidate its U.S. regional offices into one campus headquarters in Deerfield, Illinois. The Company's digital-focused office in San Francisco, California, along with its U.S. manufacturing facilities, U.S. distribution centers, sales offices and international sites, will continue operations as usual. In connection with these consolidation activities, certain impacted employees will be extended an opportunity to continue their employment with the Company in the new headquarters and, for those not continuing with the Company, such employees will be asked to provide transition assistance and offered severance packages in connection with their termination of service with the Company. The consolidation activities are expected to be completed on or before December 31, 2026. In connection with these consolidation activities and related organizational and personnel changes, the Company currently expects to incur certain cash and non-cash restructuring charges related to employee relocation, severance, retention, non-cash asset related costs, lease exit costs, and other transition activities estimated in the range of approximately $50 million to $80 million in the aggregate, the majority of which are expected to be cash charges that will be spread through the balance of this fiscal year and fiscal year 2026. At this time, the Company is unable in good faith to make a determination of an estimate or range of estimates required by paragraphs (b) and (d) of Item 2.05 of Form 8-K with respect to such consolidation activities and related organizational and personnel changes. The Company will file an amendment to this report after it makes a determination of such estimate or range of estimates. Certain of the statements in this Current Report on Form 8-K, including statements

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. A copy of the press release issued by the Company on January 22, 2025 announcing the Company's organizational and leadership changes is furnished as Exhibit 99.1 to this Form 8-K (the "Press Release") and is hereby incorporated herein by reference. The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated January 22, 2025, issued by Fortune Brands Innovations, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FORTUNE BRANDS INNOVATIONS, INC. Date: January 22, 2025 By: /s/ Hiranda S. Donoghue Name: Title: Hiranda S. Donoghue Executive Vice President, Chief Legal Officer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR