Constellation Brands CEO Newlands' New Employment Agreement
Ticker: STZ · Form: 8-K · Filed: Aug 29, 2024 · CIK: 16918
| Field | Detail |
|---|---|
| Company | Constellation Brands, Inc. (STZ) |
| Form Type | 8-K |
| Filed Date | Aug 29, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, employment-agreement
Related Tickers: STZ
TL;DR
Constellation Brands inked a new deal with CEO Bill Newlands, locking him in.
AI Summary
Constellation Brands, Inc. announced on August 29, 2024, changes in its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its Chief Executive Officer, William A. Newlands, effective August 29, 2024. This agreement outlines his compensation and terms of employment moving forward.
Why It Matters
This filing details the updated compensation package for the CEO, which can impact investor perception of executive commitment and future company performance.
Risk Assessment
Risk Level: low — The filing primarily concerns executive compensation and employment terms, which typically have a low direct impact on the company's overall operations or financial health.
Key Players & Entities
- Constellation Brands, Inc. (company) — Registrant
- William A. Newlands (person) — Chief Executive Officer
- August 29, 2024 (date) — Effective date of new employment agreement
FAQ
What is the effective date of William A. Newlands' new employment agreement?
The new employment agreement for William A. Newlands is effective as of August 29, 2024.
Who is the Chief Executive Officer of Constellation Brands, Inc.?
William A. Newlands is the Chief Executive Officer of Constellation Brands, Inc.
What type of filing is this for Constellation Brands, Inc.?
This is a Form 8-K Current Report filed by Constellation Brands, Inc.
What is the state of incorporation for Constellation Brands, Inc.?
Constellation Brands, Inc. is incorporated in Delaware.
What is the principal executive office address for Constellation Brands, Inc.?
The principal executive offices are located at 50 East Broad Street, Rochester, NY 14614.
Filing Stats: 451 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-08-29 17:00:46
Filing Documents
- stz-20240829.htm (8-K) — 23KB
- 0000016918-24-000170.txt ( ) — 168KB
- stz-20240829.xsd (EX-101.SCH) — 2KB
- stz-20240829_def.xml (EX-101.DEF) — 14KB
- stz-20240829_lab.xml (EX-101.LAB) — 25KB
- stz-20240829_pre.xml (EX-101.PRE) — 15KB
- stz-20240829_htm.xml (XML) — 3KB
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. Date: August 29, 2024 CONSTELLATION BRANDS, INC. By: /s/ Garth Hankinson Garth Hankinson Executive Vice President and Chief Financial Officer