secwatch.observer — SEC 8-K summary
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Issuer:     MasterBrand, Inc. (MBC)
CIK:        0001941365
Form:       8-K
Filed at:   2026-05-28T13:11:57+00:00
Accession:  0001193125-26-243139
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 2.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasterBrand completes all-stock merger with American Woodmark; expects $90M annual cost synergies by year 3
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- Exchange ratio: 5.150 MasterBrand shares per American Woodmark share; ~77M MBC shares issued.
- Combined company establishes the most comprehensive North American cabinetry portfolio.
- Expected $90M annual run-rate cost synergies by end of year three; accretive to adjusted EPS in year two.
- Drew down $375M Term Loan A to repay ~$367.5M of American Woodmark debt.
- Three former American Woodmark directors (Cogan, Fracassa, Hendrix) join MBC board; David Petratis remains Chairman.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1941365/000119312526243139/0001193125-26-243139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1941365/000119312526243139/d104287d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-243139

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