Fortune Brands sets Dec 14 spin-off of MasterBrand cabinets business; one share for each FBHS share

Fortune Brands Innovations, Inc.

Record date Dec 2, 2022; distribution date Dec 14, 2022; shareholders get one MasterBrand share per FBHS share.
MasterBrand's when-issued trading under MBC WI starts Dec 9; regular-way trading under MBC starts Dec 15.
Post-spin-off, Fortune Brands to rename to Fortune Brands Innovations, ticker FBIN.
Blackout period on retirement plans from Dec 23 to Jan 3, 2023; directors/officers barred from trading FBHS stock.
Distribution conditioned on SEC effectiveness of MasterBrand's Form 10 registration statement.

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