Constellation Brands announces CLO retirement and succession; declares quarterly dividend

CONSTELLATION BRANDS, INC.

Jim Bourdeau retiring as CLO effective Feb 28, 2026; Jeff LaBarge named EVP and CLO effective March 1, 2026.
Bourdeau will become EVP Strategic Advisor through March 1, 2027 under new employment agreement with $560k salary and 80% bonus target.
Board declared quarterly dividend of $1.02 per Class A share and $0.92 per Class 1 Convertible share, payable Nov 13, 2025.
Bylaws amended to align with recent Delaware law changes and reserve white proxy card for Board use.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CONSTELLATION BRANDS, INC.: Amended and restated By-Laws to align with Delaware law, update stockholder meeting chair requirements, reserve proxy for Board, and make other technical changes (effective 2025-09-30).

Change: bylaw amendment
Effective: 2025-09-30

Exact text from the filing

On September 30, 2025, the Board amended and restated the Company’s By-Laws (the “By-Laws”), with immediate effect.

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CONSTELLATION BRANDS, INC. filing history →

Source: SEC EDGAR

accession 0000016918-25-000136

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