secwatch.observer — SEC 8-K summary
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Issuer:     CONSTELLATION BRANDS, INC. (STZ)
CIK:        0000016918
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0000016918-24-000013
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Constellation Brands elects Christopher J. Baldwin as new board chair; Susan Johnson resigns
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- Christopher J. Baldwin elected to board and appointed non-executive chair, effective March 1, 2024.
- Baldwin is managing partner at CVC Advisors and former CEO/chair of BJ's Wholesale Club.
- Susan Somersille Johnson resigned from board effective Feb 17, 2024; no disagreement with company.
- Board accepted Johnson resignation (reduced to 12), then expanded to 13 for Baldwin effective March 1.
- These moves continue board refreshment process following transition to single-class share structure in Nov 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16918/000001691824000013/0000016918-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16918/000001691824000013/stz-20240217.htm
  HTML page:      https://secwatch.observer/filing/0000016918-24-000013

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