McCormick Updates Executive Compensation, Board Changes on Jan 23
Ticker: MKC-V · Form: 8-K · Filed: Jan 23, 2024 · CIK: 63754
| Field | Detail |
|---|---|
| Company | Mccormick & CO INC (MKC-V) |
| Form Type | 8-K |
| Filed Date | Jan 23, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-compensation, board-changes, corporate-governance
TL;DR
**McCormick filed an 8-K on Jan 23 detailing executive pay and potential board changes.**
AI Summary
McCormick & Co Inc. filed an 8-K on January 23, 2024, to report changes in its compensatory arrangements for certain officers and potentially the departure or election of directors. This filing indicates that the company is updating how it compensates its key executives, which could impact future financial performance and executive retention. For investors, understanding these changes is crucial as executive compensation directly affects the company's expenses and can signal confidence in future growth or strategic shifts.
Why It Matters
Changes in executive compensation and board composition can influence a company's strategic direction, financial health, and investor confidence, directly impacting stock value.
Risk Assessment
Risk Level: medium — The filing mentions 'Compensatory Arrangements of Certain Officers' and 'Departure of Directors or Certain Officers; Election of Directors,' which could signal significant leadership or financial shifts, introducing moderate uncertainty.
Analyst Insight
Investors should monitor subsequent filings or company announcements for specific details regarding the executive compensation changes and any board appointments or departures to assess their potential impact on McCormick's future strategy and financial health.
Key Players & Entities
- McCormick & Co Inc. (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — where McCormick's Common Stock and Common Stock Non-Voting are registered
- January 23, 2024 (date) — date of earliest event reported and filing date
FAQ
What specific items were reported in McCormick & Co Inc.'s 8-K filing on January 23, 2024?
The 8-K filing reported 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers' as per the 'ITEM INFORMATION' section.
What is the filing date and the date of the earliest event reported for this 8-K?
Both the filing date and the date of the earliest event reported are January 23, 2024, as stated in the 'Date of Report (Date of earliest event reported): January 23, 2024' section.
Where are McCormick & Co Inc.'s securities registered for trading?
McCormick & Co Inc.'s Common Stock (MKC-V) and Common Stock Non-Voting (MKC) are both registered on the New York Stock Exchange, according to the 'Securities registered pursuant to Section 12(b) of the Act' table.
What is the business address and phone number of McCormick & Co Inc. as listed in the filing?
The business address is 24 Schilling Road Suite 1, Hunt Valley, Maryland 21031, and the business phone number is 410 771-7301.
What is McCormick & Co Inc.'s Central Index Key (CIK) and SEC File Number?
McCormick & Co Inc.'s Central Index Key (CIK) is 0000063754 and its SEC File Number is 001-14920, as detailed in the 'FILER: COMPANY DATA' section.
Filing Stats: 618 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-01-23 16:24:50
Filing Documents
- mkc-20240123.htm (8-K) — 30KB
- mkcappointsterrythomastobod.htm (EX-99.1) — 8KB
- image_0a.jpg (GRAPHIC) — 87KB
- 0000063754-24-000021.txt ( ) — 332KB
- mkc-20240123.xsd (EX-101.SCH) — 2KB
- mkc-20240123_def.xml (EX-101.DEF) — 16KB
- mkc-20240123_lab.xml (EX-101.LAB) — 31KB
- mkc-20240123_pre.xml (EX-101.PRE) — 17KB
- mkc-20240123_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press release issued by the Registrant on January 23, 2024. 104 Cover Page Interactive Data File (the cover page XBRL tags are 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. McCORMICK & COMPANY, INCORPORATED Date: January 23, 2024 By: /s/ Jeffery D. Schwartz Jeffery D. Schwartz Vice President, General Counsel & Secretary