{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-035279","form_type":"8-K","ticker":"MIDD","cik":"0000769520","company_name":"MIDDLEBY Corp","filed_at":"2025-02-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.318991+00:00","generated_at":"2026-05-26T05:16:36.184962+00:00","sec_items":["1.01","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Middleby to spin off food processing unit as standalone public company by early 2026","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-035279","json":"https://secwatch.observer/filing/0001193125-25-035279.json","markdown":"https://secwatch.observer/filing/0001193125-25-035279.md","text":"https://secwatch.observer/filing/0001193125-25-035279.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/769520/000119312525035279/0001193125-25-035279-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/769520/000119312525035279/d924983d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T05:16:36.184962+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":"12e7a74b77","claim":"John R. Miller III departed as Director at MIDDLEBY Corp.","evidence_excerpt":"John R. Miller III notified the Board of his intent to retire from the Board, effective upon the completion of the 2025 Annual Meeting.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/769520/000119312525035279/0001193125-25-035279-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"notified intent to retire"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"30a7497ee8","claim":"Ed Garden was appointed as Director at MIDDLEBY Corp.","evidence_excerpt":"appointed Julie Bowerman and Mr. Garden as directors of the Company to fill the vacancies so created.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/769520/000119312525035279/0001193125-25-035279-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"661288bbb9","claim":"Julie Bowerman was appointed as Director at MIDDLEBY Corp.","evidence_excerpt":"appointed Julie Bowerman and Mr. Garden as directors of the Company to fill the vacancies so created.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/769520/000119312525035279/0001193125-25-035279-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}