secwatch.observer — SEC 8-K summary
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Issuer:     CONSTELLATION BRANDS, INC. (STZ)
CIK:        0000016918
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001193125-26-048815
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Constellation Brands appoints Nicholas Fink as President and CEO, effective April 13, 2026
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- Nicholas Fink, currently CEO of Fortune Brands Innovations (FBIN), will succeed Bill Newlands as President and CEO.
- Fink's base salary set at $1.4M, target bonus 160%, and fiscal 2027 equity award with $11M grant date fair value.
- Replacement equity award includes 85,385 RSUs and 415,295 NQSOs; vests over three years.
- Bill Newlands steps down as CEO and board member on April 13, 2026; will serve as strategic advisor through December 2026.
- Newlands receives severance per pre-existing agreement and a $1.2M consulting fee for transition support.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16918/000119312526048815/0001193125-26-048815-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16918/000119312526048815/d31913d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-048815

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