Masco Declares Quarterly Dividend and Reports Board Changes

Ticker: MAS · Form: 8-K · Filed: 2024-05-15T00:00:00.000Z

Sentiment: neutral

Topics: dividend, board-changes, officer-appointment

Related Tickers: MAS

TL;DR

MASCO declares $0.14 dividend, board changes announced.

AI Summary

Masco Corporation announced on May 10, 2024, that its Board of Directors has declared a quarterly cash dividend of $0.14 per share. This dividend is payable on June 7, 2024, to shareholders of record as of the close of business on May 24, 2024. The company also reported on the election of new directors and changes in its officer appointments.

Why It Matters

The declaration of a quarterly dividend indicates the company's continued commitment to returning value to shareholders. Changes in board composition can signal strategic shifts or governance updates.

Risk Assessment

Risk Level: low — This filing primarily concerns routine corporate actions like dividend declarations and board appointments, which typically carry low inherent risk.

Key Numbers

$0.14 — Quarterly Dividend Per Share (Amount to be paid to shareholders)

Key Players & Entities

Masco Corporation (company) — Registrant
Delaware (jurisdiction) — State of Incorporation
$0.14 (dollar_amount) — Quarterly cash dividend per share
June 7, 2024 (date) — Dividend payment date
May 24, 2024 (date) — Record date for dividend
May 10, 2024 (date) — Date of earliest event reported

FAQ

What is the amount of the quarterly cash dividend declared by Masco Corporation?

Masco Corporation declared a quarterly cash dividend of $0.14 per share.

On what date will the declared dividend be paid?

The dividend is payable on June 7, 2024.

What is the record date for the dividend payment?

The record date is the close of business on May 24, 2024.

What are the main items reported in this 8-K filing?

This filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, and submission of matters to a vote of security holders.

When was the earliest event reported in this filing?

The earliest event reported in this filing occurred on May 10, 2024.

From the Filing

0000062996-24-000014.txt : 20240515 0000062996-24-000014.hdr.sgml : 20240515 20240515162930 ACCESSION NUMBER: 0000062996-24-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240510 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20240515 DATE AS OF CHANGE: 20240515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASCO CORP /DE/ CENTRAL INDEX KEY: 0000062996 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIP, EXCEPT ELEC & WARM AIR & PLUMBING FIXTURES [3430] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 381794485 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05794 FILM NUMBER: 24951425 BUSINESS ADDRESS: STREET 1: 17450 COLLEGE PARKWAY CITY: LIVONIA STATE: MI ZIP: 48152 BUSINESS PHONE: 3132747400 MAIL ADDRESS: STREET 1: 17450 COLLEGE PARKWAY CITY: LIVONIA STATE: MI ZIP: 48152 FORMER COMPANY: FORMER CONFORMED NAME: MASCO SCREW PRODUCTS CO DATE OF NAME CHANGE: 19731025 8-K 1 mas-20240510.htm 8-K mas-20240510 0000062996 false 0000062996 2024-05-10 2024-05-10 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC  20549 ______________________________________________________________________ FORM  8-K                      CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of report (Date of earliest event reported): May 10, 2024 Masco Corporation (Exact name of Registrant as Specified in Charter) Delaware 1-5794 38-1794485 (State or Other Jurisdiction of Incorporation or Organization) (Commission File Number) (I.R.S. Employer Identification No.) 17450 College Parkway, Livonia, Michigan 48152 (Address of Principal Executive Offices) (Zip Code) ( 313 ) 274-7400 (Registrant’s telephone number, including area code)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $1.00 par value MAS New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). ☐ Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02 Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) As described in Item 5.07 of this Current Report on Form 8-K, at the 2024 Annual Meeting of Stockholders of Masco Corporation (the “Company”) held on May 10, 2024 (the “Annual Meeting”), the stockholders approved the 2024 Long Term Stock Incentive Plan (the “2024 Plan”). The 2024 Plan authorizes