secwatch.observer — SEC 8-K summary
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Issuer:     BROWN FORMAN CORP (BF-A)
CIK:        0000014693
Form:       8-K
Filed at:   2025-10-31T23:59:59+00:00
Accession:  0000014693-25-000101
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brown-Forman adopts executive change-in-control severance plan effective Oct 31, 2025
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- CEO receives 3.0x severance multiple (base salary plus higher of target or earned bonus); other ELT members 2.0x.
- Benefits include lump-sum cash, 18 months COBRA, full equity vesting (performance awards at target), and $10,000 tax prep.
- Plan covers named executive officers and select key employees; effective immediately for qualifying terminations near a change in control.
- Plan supersedes prior severance agreements during the protection period (30 days pre- to 24 months post-change).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14693/000001469325000101/0000014693-25-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14693/000001469325000101/bfb-20251031.htm
  HTML page:      https://secwatch.observer/filing/0000014693-25-000101

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer