{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-22-000501","form_type":"8-K","ticker":"FBIN","cik":"0001519751","company_name":"Fortune Brands Innovations, Inc.","filed_at":"2022-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:04:01.003431+00:00","generated_at":"2026-06-26T03:22:45.287285+00:00","sec_items":["2.02","5.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Fortune Brands to spin off Cabinets business; Q1 EPS $1.34 beats consensus, raises FY22 EPS outlook","bullets":["Plans tax-free spin-off of Cabinets into standalone public company; expected to close in ~12 months, subject to board approval.","Q1 2022 sales $1.9B (+8% YoY); GAAP EPS $1.34 (+6%); EPS before charges/gains $1.31 (-4% YoY).","Raises full-year 2022 EPS guidance to $6.40–$6.60 (midpoint +$0.05), maintaining operational guidance.","R. David Banyard, Jr. to become CEO of new Cabinets company, resigning as FBHS executive officer upon separation.","Repurchased ~$380M of common stock in Q1; net debt $3.0B, net debt-to-EBITDA 2.3x."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-22-000501","json":"https://secwatch.observer/filing/0001157523-22-000501.json","markdown":"https://secwatch.observer/filing/0001157523-22-000501.md","text":"https://secwatch.observer/filing/0001157523-22-000501.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1519751/000115752322000501/0001157523-22-000501-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1519751/000115752322000501/a52699300.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T03:22:45.287285+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"db8b3ce9e4","claim":"R. David Banyard, Jr. departed as other_named_officer at Fortune Brands Innovations, Inc..","evidence_excerpt":"As a result of the separation, Mr. Banyard, Jr. will resign from his role as an executive officer of the Company in order to assume his new role.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1519751/000115752322000501/0001157523-22-000501-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resign"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}