Brown-Forman EVP Marshall B. Farrer resigns as Chief Strategic Growth Officer to become Chairman

BROWN FORMAN CORP

Marshall B. Farrer resigns as EVP, Chief Strategic Growth Officer effective after 2025 Annual Meeting; will become Chairman.
Compensation Committee approved $865,000 lump sum to compensate for loss of subsidized early retirement benefits and pension accruals.
Outstanding SSARs treated as if Farrer retired; performance-based RSUs continue unmodified per grant agreements.

item 5.02

Executive movements

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Role change

Marshall B. Farrer

Executive Vice President, Chief Strategic Growth Officer

BF-A · BROWN FORMAN CORP

Filed: April 28, 2025, 7:59 PM ET

On April 25, 2025, Marshall B. Farrer, Executive Vice President, Chief Strategic Growth Officer of Brown-Forman Corporation (the “Company”), informed the Company of his intention to resign from his employment role at the Company effective immediately following the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”) in connection with assuming the role of Chairman of the Board.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Marshall B. Farrer resigned as Executive Vice President, Chief Strategic Growth Officer at BROWN FORMAN CORP.

Action: resigned
Role: Executive Vice President, Chief Strategic Growth Officer

Exact text from the filing

On April 25, 2025, Marshall B. Farrer, Executive Vice President, Chief Strategic Growth Officer of Brown-Forman Corporation (the “Company”), informed the Company of his intention to resign from his employment role at the Company effective immediately following the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”) in connection with assuming the role of Chairman of the Board.

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Source: SEC EDGAR

accession 0000014693-25-000027

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