secwatch.observer — SEC 8-K summary
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Issuer:     MCCORMICK & CO INC (MKC)
CIK:        0000063754
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0000063754-23-000027
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63754/000006375423000027/0000063754-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63754/000006375423000027/mkc-20230627.htm
  HTML page:      https://secwatch.observer/filing/0000063754-23-000027

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