other material
confidence high
sentiment neutral
materiality 0.30
McCormick drops EY as auditor over Unilever deal independence; KPMG named for FY2027
MCCORMICK & CO INC
- Audit Committee dismissed Ernst & Young as independent auditor on September 24, 2026, effective upon filing of the FY2026 Form 10-K for the year ending November 30, 2026.
- EY is not expected to be independent after the March 31, 2026 transactions in which Unilever PLC will transfer its foods business to McCormick.
- EY's FY2024 and FY2025 audit opinions were unqualified, and McCormick reported no disagreements or reportable events under Item 304(a) through the filing date.
- KPMG LLP was approved as successor auditor on September 24, 2026 for the fiscal year ending November 30, 2027, subject to client acceptance procedures and an engagement letter.