---
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"
generated_at: "2026-06-26T03:22:45.287285+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Fortune Brands to spin off Cabinets business; Q1 EPS $1.34 beats consensus, raises FY22 EPS outlook

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-000501
- JSON: https://secwatch.observer/filing/0001157523-22-000501.json
- Plain text: https://secwatch.observer/filing/0001157523-22-000501.txt

## Key facts
- Executive change
  R. David Banyard, Jr. departed as other_named_officer at Fortune Brands Innovations, Inc..
  - Action: resign
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1519751/000115752322000501/0001157523-22-000501-index.htm

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