secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL CORP /VA/ (UVV)
CIK:        0000102037
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0001104659-24-094998
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal names Preston D. Wigner as Chairman, President, and CEO effective Oct 1, 2024
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- George C. Freeman III retires as Chairman, President, and CEO effective Oct 1, 2024, not due to any disagreement.
- Freeman will serve as Vice Chair through Dec 31, 2024, then Senior Advisor through March 31, 2025 to aid transition.
- Wigner, age 55, has been with Universal over 20 years, most recently as Senior Vice President since Dec 2023.
- Succession plan assisted by a global leadership advisory firm over two years; board cites strong momentum for timing.
- Compensation changes for Freeman and Wigner to be determined later by the Compensation Committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102037/000110465924094998/0001104659-24-094998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102037/000110465924094998/tm2422938d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-094998

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer