Fortune Brands names David Barry CFO; reaffirms FY2022 sales and EPS guidance

Fortune Brands Innovations, Inc.

Patrick Hallinan resigns as CFO effective March 2, 2023; David Barry appointed as successor.
Barry has been SVP of Finance and IR since April 2021; previously CFO of Water segment.
Company reaffirms FY2022 sales growth 4.5-5.5% and EPS before charges/gains $6.20-$6.30.
Q4/full-year 2022 results to be released Feb 16, 2023; conference call same day.
Barry's compensation: base salary $620,000, target bonus 75%, LTI $1,350,000.

item 2.02 item 5.03 item 2.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Patrick D. Hallinan

Executive Vice President and Chief Financial Officer

FBIN · Fortune Brands Innovations, Inc.

Effective: 2023-03-02
Successor: David V. Barry
Filed: January 23, 2023, 6:59 PM ET

On January 18, 2023, Mr. Patrick D. Hallinan, Executive Vice President and Chief Financial Officer notified the Company of his intention to resign as Executive Vice President and Chief Financial Officer of the Company, effective on March 2, 2023.

Appointed

David V. Barry

Executive Vice President and Chief Financial Officer

FBIN · Fortune Brands Innovations, Inc.

Effective: 2023-03-02
Filed: January 23, 2023, 6:59 PM ET

On January 23, 2023, the Company announced that the Board of Directors (the “Board”) has appointed David V. Barry to succeed Mr. Hallinan as Executive Vice President and Chief Financial Officer of the Company effective March 2, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fortune Brands Innovations, Inc. reported full-year 2022 results: EPS $6.20 to $6.30. Guidance reaffirmed.

Period: full-year 2022
EPS: $6.20 to $6.30
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

As stated in its third quarter earnings release, the Company expects 2022 full-year sales growth in the range of 4.5 percent to 5.5 percent, and EPS before charges / gains for the full year to be in the range of $6.20 to $6.30.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Patrick D. Hallinan resigned as Executive Vice President and Chief Financial Officer at Fortune Brands Innovations, Inc..

Action: resigned
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On January 18, 2023, Mr. Patrick D. Hallinan, Executive Vice President and Chief Financial Officer notified the Company of his intention to resign as Executive Vice President and Chief Financial Officer of the Company, effective on March 2, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

David V. Barry was appointed as Executive Vice President and Chief Financial Officer at Fortune Brands Innovations, Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On January 23, 2023, the Company announced that the Board of Directors (the “Board”) has appointed David V. Barry to succeed Mr. Hallinan as Executive Vice President and Chief Financial Officer of the Company effective March 2, 2023.

View on SEC.gov

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Fortune Brands Innovations, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-001026

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