---
schema_version: "secwatch.filing_event.v1"
accession: "0000016918-25-000136"
form_type: "8-K"
ticker: "STZ"
cik: "0000016918"
company_name: "CONSTELLATION BRANDS, INC."
filed_at: "2025-10-02T23:59:59+00:00"
generated_at: "2026-05-17T04:56:32.693579+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Constellation Brands announces CLO retirement and succession; declares quarterly dividend

## Summary
- 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.

## SEC filing metadata
- accession: 0000016918-25-000136
- form_type: 8-K
- ticker: STZ
- cik: 0000016918
- company_name: CONSTELLATION BRANDS, INC.
- filed_at: 2025-10-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16918/000001691825000136/0000016918-25-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16918/000001691825000136/stz-20250929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016918-25-000136
- JSON: https://secwatch.observer/filing/0000016918-25-000136.json
- Plain text: https://secwatch.observer/filing/0000016918-25-000136.txt

## Key facts
- Governance Changes
  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
  source text: On September 30, 2025, the Board amended and restated the Company’s By-Laws (the “By-Laws”), with immediate effect.
  evidence_url: https://www.sec.gov/Archives/edgar/data/16918/000001691825000136/0000016918-25-000136-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.