home · filing · 0001193125-25-035279
8-K filed February 25, 2025, 6:59 PM ET
ticker MIDD
CIK 0000769520
other material
confidence high
sentiment positive
materiality 0.80
Middleby to spin off food processing unit as standalone public company by early 2026
MIDDLEBY Corp
Spin-off of food processing business expected to be tax-free, completed early 2026; creates two independent companies.
Food Processing 2024 revenue $731M, Adj EBITDA $187M (margin >25%); RemainCo commercial foodservice revenue $2,419M, Adj EBITDA $664M (margin >27%).
Board expands to 11 directors; appoints Julie Bowerman (ex-Kellanova CMO) and Ed Garden (founding partner Garden Investments, ex-Trian).
Cooperation agreement with Garden Investments includes standstill and voting support for 2025 annual meeting director slate.
Long-standing director John Miller to retire at 2025 annual meeting; board to reduce to 10 directors thereafter.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Departed
John R. Miller III
Director
Filed February 25, 2025, 6:59 PM ET
John R. Miller III notified the Board of his intent to retire from the Board, effective upon the completion of the 2025 Annual Meeting.
Appointed
Ed Garden
Director
Effective 2025-02-24
Filed February 25, 2025, 6:59 PM ET
appointed Julie Bowerman and Mr. Garden as directors of the Company to fill the vacancies so created.
Appointed
Julie Bowerman
Director
Effective 2025-02-24
Filed February 25, 2025, 6:59 PM ET
appointed Julie Bowerman and Mr. Garden as directors of the Company to fill the vacancies so created.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
John R. Miller III departed as Director at MIDDLEBY Corp.
Action notified intent to retire
Role Director
Exact text from the filing
John R. Miller III notified the Board of his intent to retire from the Board, effective upon the completion of the 2025 Annual Meeting.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ed Garden was appointed as Director at MIDDLEBY Corp.
Action appointed
Role Director
Exact text from the filing
appointed Julie Bowerman and Mr. Garden as directors of the Company to fill the vacancies so created.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Julie Bowerman was appointed as Director at MIDDLEBY Corp.
Action appointed
Role Director
Exact text from the filing
appointed Julie Bowerman and Mr. Garden as directors of the Company to fill the vacancies so created.
View on SEC.gov
Source: SEC EDGAR
accession 0001193125-25-035279
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