Source-grounded facts extracted from Fortune Brands Innovations, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Stephanie Pugliese was elected as Class III member of the Board at Fortune Brands Innovations, Inc..
“increased the size of the Board from ten to eleven directors and elected Stephanie Pugliese as a Class III member of the Board, each effective immediately.”
Earnings Releases
Fortune Brands Innovations, Inc. reported fourth quarter and full year 2022 results: revenue $1.1 billion, EPS $0.99. Guidance initiated.
“and the team’s ability to deliver – regardless of the environment.” Fourth Quarter 2022 FBIN Results from Continuing Operations For the fourth quarter of 2022, FBIN sales were $1.1 billion, a decrease of 7 percent over the fourth quarter of 2021. Operating income was $182.2 million, compared to $195.4 million in the prior-year quarter, a decrease of 7 percent.”
Earnings Releases
Fortune Brands Innovations, Inc. reported full-year 2022 results: EPS $6.20 to $6.30. Guidance reaffirmed.
“As stated in its third quarter earnings release, the Company expects 2022 full-year sales growth in the range of 4.5 percent to 5.5 percent, and EPS before charges / gains for the full year to be in the range of $6.20 to $6.30.”
David V. Barry was appointed as Executive Vice President and Chief Financial Officer at Fortune Brands Innovations, Inc..
“On January 23, 2023, the Company announced that the Board of Directors (the “Board”) has appointed David V. Barry to succeed Mr. Hallinan as Executive Vice President and Chief Financial Officer of the Company effective March 2, 2023.”
Patrick D. Hallinan resigned as Executive Vice President and Chief Financial Officer at Fortune Brands Innovations, Inc..
“On January 18, 2023, Mr. Patrick D. Hallinan, Executive Vice President and Chief Financial Officer notified the Company of his intention to resign as Executive Vice President and Chief Financial Officer of the Company, effective on March 2, 2023.”
Governance Changes
Fortune Brands Innovations, Inc.: Changed fiscal year end from December 31 to a 52/53 week fiscal year ending on the Saturday closest to December 31, effective fiscal year 2023 (effective 2023-01-01).
“On January 19, 2023 the Board of Directors of Fortune Brands Innovations, Inc. (the “Company”) approved a resolution to change the Company’s fiscal year end from December 31 to a 52 or 53 week fiscal year ending on the Saturday closest but not subsequent to December 31, effective as of the commencement of the Company’s fiscal year on January 1, 2023.”
Governance Changes
Fortune Brands Innovations, Inc.: Amendment to Amended and Restated Bylaws to reflect the company name change to Fortune Brands Innovations, Inc (effective 2022-12-15).
“Additionally, the board of directors of the Company amended the Amended and Restated Bylaws (the “Bylaws Amendment”) to reflect the Company Name Change, effective as of 12:01 a.m. Eastern Time on December 15, 2022.”
Governance Changes
Fortune Brands Innovations, Inc.: Amendment to Restated Certificate of Incorporation to change corporate name from Fortune Brands Home & Security, Inc. to Fortune Brands Innovations, Inc (effective 2022-12-15).
“On December 13, 2022, the Company filed with the Secretary of State of the State of Delaware an amendment to its Restated Certificate of Incorporation (the “Charter Amendment”) to change its corporate name from “Fortune Brands Home & Security, Inc.” to “Fortune Brands Innovations, Inc.,” effective as of 12:01 a.m. Eastern Time on December 15, 2022 (the “Company Name Change”).”
M&A Transactions
Fortune Brands Innovations, Inc. completed a disposition involving MasterBrand, Inc. (closed 2022-12-14).
“On December 14, 2022 (the “Distribution Date”), Fortune Brands Home & Security, Inc., now known as Fortune Brands Innovations, Inc., (the “Company”) completed the previously announced legal and structural separation of MasterBrand, Inc. (“MasterBrand”), and the distribution of all of the outstanding shares of common stock, par value of $0.01 per share of MasterBrand, to the Company’s stockholders (the “Distribution”).”
R. David Banyard, Jr. resigned as executive officer at Fortune Brands Innovations, Inc..
“R. David Banyard, Jr. assumed the role of Chief Executive Officer of MasterBrand and resigned from his role as an executive officer of the Company in order to assume his new role.”
Material Agreements
Fortune Brands Innovations, Inc. entered into Purchase Agreement with ASSA ABLOY Inc., ASSA ABLOY AB, and the Company valued at $800 million (effective 2022-12-01).
“On December 1, 2022, Fortune Brands Home & Security, Inc. (the “Company”, “we” or “our”) entered into a Stock Purchase Agreement (the “Purchase Agreement” and, the transactions contemplated thereby, the “Transaction”), by and among ASSA ABLOY Inc. (“Assa”), ASSA ABLOY AB, the parent of Assa, solely for purposes of Section 13.20 thereunder (“Assa Parent”), and the Company.”
Brett E. Finley departed as President of the Company’s Outdoors & Security business segment at Fortune Brands Innovations, Inc..
“Mr. Brett E. Finley, President of the Company’s Outdoors & Security business segment, will no longer serve as an executive officer of the Company effective September 6, 2022.”
Cheri M. Phyfer was appointed as Senior Vice President and Group President at Fortune Brands Innovations, Inc..
“the appointment of Ms. Cheri M. Phyfer, President of the Company’s Water Innovations business segment, to a newly created role of Senior Vice President and Group President of the Company, effective September 6, 2022.”
R. David Banyard, Jr. departed as other_named_officer at Fortune Brands Innovations, Inc..
“As a result of the separation, Mr. Banyard, Jr. will resign from his role as an executive officer of the Company in order to assume his new role.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.