---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-029079"
form_type: "8-K"
ticker: "MBC"
cik: "0001941365"
company_name: "MasterBrand, Inc."
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T20:01:25.027003+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MasterBrand to acquire American Woodmark in stock-for-stock merger; Q2 net sales up 8% but net income down 18%

## Summary
- Exchange ratio: 5.150 MasterBrand shares per American Woodmark share; merger expected to close by August 5, 2026.
- Termination fees: MasterBrand pays $30M for superior proposal; American Woodmark pays $25M; reverse antitrust fee of $35M.
- Q2 net sales $730.9M (+8% YoY), net income $37.3M (-18% YoY), adjusted EBITDA $105.4M flat, adjusted EPS $0.40 vs $0.45.
- Combined board: 11 directors (8 from MasterBrand, 3 from American Woodmark); CEO Dave Banyard continues; HQ in Beachwood, OH.
- Transaction subject to shareholder and regulatory approvals, including HSR; MasterBrand maintains FY2025 outlook.

## SEC filing metadata
- accession: 0001140361-25-029079
- form_type: 8-K
- ticker: MBC
- cik: 0001941365
- company_name: MasterBrand, Inc.
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1941365/000114036125029079/0001140361-25-029079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1941365/000114036125029079/ef20053184_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-029079
- JSON: https://secwatch.observer/filing/0001140361-25-029079.json
- Plain text: https://secwatch.observer/filing/0001140361-25-029079.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.