McCormick & Co Inc. Announces Board and Executive Changes
Ticker: MKC-V · Form: 8-K · Filed: Jun 26, 2024 · CIK: 63754
| Field | Detail |
|---|---|
| Company | Mccormick & CO INC (MKC-V) |
| Form Type | 8-K |
| Filed Date | Jun 26, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $650,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: MKC
TL;DR
McCormick's board is changing, with exec comp plans also updated.
AI Summary
McCormick & Co Inc. announced on June 25, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory plans.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance and executive compensation updates, not significant financial distress or operational risks.
Key Players & Entities
- McCormick & Co Inc. (company) — Registrant
- June 25, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by the departure of officers?
The filing indicates the departure of certain officers but does not specify their exact roles in this section.
Who are the newly elected directors?
The filing mentions the election of directors but does not list their names in this initial section.
What are the key changes in the compensatory arrangements?
The filing states there are updates to compensatory arrangements for certain officers but does not detail these changes here.
What is the date of the earliest event reported in this 8-K?
The date of the earliest event reported is June 25, 2024.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 868 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-06-26 16:59:05
Key Financial Figures
- $650,000 — l will receive an annual base salary of $650,000 in connection with his new position. Mr
Filing Documents
- mkc-20240625.htm (8-K) — 33KB
- mkcannouncesmarcosgabrie.htm (EX-99.1) — 6KB
- mkcannouncesmarcosgabrie001.jpg (GRAPHIC) — 244KB
- mkcannouncesmarcosgabrie002.jpg (GRAPHIC) — 163KB
- 0000063754-24-000049.txt ( ) — 770KB
- mkc-20240625.xsd (EX-101.SCH) — 2KB
- mkc-20240625_def.xml (EX-101.DEF) — 16KB
- mkc-20240625_lab.xml (EX-101.LAB) — 29KB
- mkc-20240625_pre.xml (EX-101.PRE) — 17KB
- mkc-20240625_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Copy of the press release labeled "McCormick announces Marcos Gabriel to become Executive VP & CFO and planned retirement of Mike Smith ." 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). 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 June 26, 2024 By: /s/ Jeffery D. Schwartz Jeffery D. Schwartz Vice President, General Counsel & Secretary