---
schema_version: "secwatch.filing_event.v1"
accession: "0000063754-23-000027"
form_type: "8-K"
ticker: "MKC"
cik: "0000063754"
company_name: "MCCORMICK & CO INC"
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:50:25.890816+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# McCormick appoints Brendan Foley as CEO effective Sept 1, 2023; Kurzius becomes Executive Chairman

## Summary
- Brendan Foley promoted to President & CEO, effective Sept 1, 2023; elected to Board immediately.
- Lawrence Kurzius steps down as CEO but continues as Executive Chairman; comp unchanged through Nov 30, then $1.25M base, no bonus.
- Foley base salary $1.1M, target bonus 150% of base (max 300%); to participate in long-term equity plan.
- Under Kurzius, sales grew >50%, market cap >2x, acquisitions of Frank's RedHot, French's, Cholula, FONA.

## SEC filing metadata
- accession: 0000063754-23-000027
- form_type: 8-K
- ticker: MKC
- cik: 0000063754
- company_name: MCCORMICK & CO INC
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/63754/000006375423000027/0000063754-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/63754/000006375423000027/mkc-20230627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000063754-23-000027
- JSON: https://secwatch.observer/filing/0000063754-23-000027.json
- Plain text: https://secwatch.observer/filing/0000063754-23-000027.txt

## Key facts
- Executive change
  Brendan M. Foley was elected as director at MCCORMICK & CO INC.
  - Action: elected
  - Role: director
  source text: In addition, on June 27, 2023, the Board voted to increase its size from eleven to twelve members and elected Mr. Foley as a director with immediate effect.
  evidence_url: https://www.sec.gov/Archives/edgar/data/63754/000006375423000027/0000063754-23-000027-index.htm
- Executive change
  Brendan M. Foley was appointed as President and Chief Executive Officer at MCCORMICK & CO INC.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On June 27, 2023, the Board of Directors (the “Board”) of McCormick & Company, Incorporated (“McCormick”) appointed Brendan M. Foley as President and Chief Executive Officer of McCormick effective September 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/63754/000006375423000027/0000063754-23-000027-index.htm
- Executive change
  Lawrence E. Kurzius changed role as Executive Chairman of the Board at MCCORMICK & CO INC.
  - Action: stepped down as CEO, will continue as Executive Chairman
  - Role: Executive Chairman of the Board
  source text: Mr. Foley will replace Lawrence E. Kurzius who will step down from his role as Chief Executive Officer effective September 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/63754/000006375423000027/0000063754-23-000027-index.htm

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