secwatch.observer — SEC 8-K summary
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Issuer:     CONSTELLATION BRANDS, INC. (STZ)
CIK:        0000016918
Form:       8-K
Filed at:   2025-10-02T23:59:59+00:00
Accession:  0000016918-25-000136
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Constellation Brands announces CLO retirement and succession; declares quarterly dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16918/000001691825000136/0000016918-25-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16918/000001691825000136/stz-20250929.htm
  HTML page:      https://secwatch.observer/filing/0000016918-25-000136

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