secwatch.observer — SEC 8-K summary
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Issuer:     MasterBrand, Inc. (MBC)
CIK:        0001941365
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0001193125-22-306031
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.03, 5.03, 5.01, 5.02, 5.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasterBrand completes spin-off from Fortune Brands; begins trading as independent MBC
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- Distribution completed Dec 14: each FBHS shareholder received 1 MBC share; ~128M shares distributed.
- Stock begins regular-way trading Dec 15 on NYSE under ticker MBC.
- New board of 7 directors appointed with classified three-class structure; R. David Banyard Jr. is CEO.
- CEO Banyard base salary $1M, annual incentive target 120%, LTI target $3.8M; RSU grants also approved.
- Adopted 2022 Long-Term Incentive Plan, Annual Executive Incentive Plan, Deferred Comp Plan, and Severance Agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1941365/000119312522306031/0001193125-22-306031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1941365/000119312522306031/d423148d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-306031

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