---
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"
generated_at: "2026-05-26T05:16:36.184962+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Middleby to spin off food processing unit as standalone public company by early 2026

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-035279
- JSON: https://secwatch.observer/filing/0001193125-25-035279.json
- Plain text: https://secwatch.observer/filing/0001193125-25-035279.txt

## Key facts
- Executive change
  John R. Miller III departed as Director at MIDDLEBY Corp.
  - Action: notified intent to retire
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/769520/000119312525035279/0001193125-25-035279-index.htm
- Executive change
  Ed Garden was appointed as Director at MIDDLEBY Corp.
  - Action: appointed
  - Role: Director
  source text: appointed Julie Bowerman and Mr. Garden as directors of the Company to fill the vacancies so created.
  evidence_url: https://www.sec.gov/Archives/edgar/data/769520/000119312525035279/0001193125-25-035279-index.htm
- Executive change
  Julie Bowerman was appointed as Director at MIDDLEBY Corp.
  - Action: appointed
  - Role: Director
  source text: appointed Julie Bowerman and Mr. Garden as directors of the Company to fill the vacancies so created.
  evidence_url: https://www.sec.gov/Archives/edgar/data/769520/000119312525035279/0001193125-25-035279-index.htm

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