MasterBrand, Inc. shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for 2026 at the 2026-06-04 meeting.
“Proposal 3 – Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2026. Votes For Votes Against Abstentions Votes Cast 112,161,309 360,108 594,994 The shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2026.”
Shareholder Votes
MasterBrand, Inc. shareholders approved Advisory vote on the Company's 2025 Named Executive Officer compensation at the 2026-06-04 meeting.
“Proposal 2 – Advisory vote on the Company’s 2025 Named Executive Officer compensation. Votes For Votes Against Abstentions Broker Non-Votes Votes Cast 98,960,374 1,931,187 704,626 11,520,224 The shareholders approved the Company’s 2025 Named Executive Officer compensation.”
Shareholder Votes
MasterBrand, Inc. shareholders approved Election of three director nominees to serve three-year terms at the 2026-06-04 meeting.
“Proposal 1 – Election of three director nominees to serve three-year terms. Nominee Votes For Votes Against Abstentions Broker Non-Votes Ann Fritz Hackett 99,471,548 1,596,328 528,311 11,520,224 R. David Banyard, Jr. 100,608,637 467,406 520,144 11,520,224 Philip Fracassa 100,765,328 263,363 567,496 11,520,224 The shareholders elected each of the nominees as directors.”
Debt Financings
MasterBrand, Inc. incurred term loan of $375.0 million.
“On May 28, 2026, MasterBrand drew down the full $375 million available under the Term Loan A.”
M&A Transactions
MasterBrand, Inc. completed an acquisition involving American Woodmark Corporation for 5.150 shares of MasterBrand common stock for each share of American Woodmark common stock (closed 2026-05-28).
“Merger Consideration Pursuant to the Merger Agreement, at the Effective Time, each share of American Woodmark common stock outstanding was converted into the right to receive 5.150 shares of MasterBrand common stock (such ratio, the “Exchange Ratio”), plus cash in lieu of any fractional shares. Treatment of American Woodmark Equity Awards Pursuant to the”
Daniel Hendrix was appointed as Independent Director at MasterBrand, Inc..
“The following three (3) former directors of American Woodmark were appointed to serve as independent directors on the Board of Directors of MasterBrand (the “Board”), effective as of the Effective Time: Andrew Cogan, Philip Fracassa and Daniel Hendrix (the “Former American Woodmark Directors”).”
Philip Fracassa was appointed as Independent Director at MasterBrand, Inc..
“The following three (3) former directors of American Woodmark were appointed to serve as independent directors on the Board of Directors of MasterBrand (the “Board”), effective as of the Effective Time: Andrew Cogan, Philip Fracassa and Daniel Hendrix (the “Former American Woodmark Directors”).”
Andrew Cogan was appointed as Independent Director at MasterBrand, Inc..
“The following three (3) former directors of American Woodmark were appointed to serve as independent directors on the Board of Directors of MasterBrand (the “Board”), effective as of the Effective Time: Andrew Cogan, Philip Fracassa and Daniel Hendrix (the “Former American Woodmark Directors”).”
Earnings Releases
MasterBrand, Inc. reported first quarter 2026 results: revenue $618.0 million, net income $(15.4) million, EPS $(0.12) per diluted share.
“First Quarter 2026 Net sales were $618.0 million, a decrease of 6.4% compared to the first quarter of 2025, following a mid-single-digit market decline and a slower pace of housing completions. Gross profit was $156.6 million , compared to $202.2 million in the prior year. Gross profit margin decreased 530 basis points to 25.3% on lower volume and the related unfavorable fixed cost leverage and unfavorable product mix. Material, personnel and utility inflation, combined with the impact of tariffs, contributed to overall margin pressure. These headwinds were partially offset by continuous improvement initiatives and targeted tariff mitigation actions. Gross tariff costs were approximately $25 million in the first quarter, and mitigation plans continue to progress. Net (loss) income was $(15.4) million , compared to $13.3 million in the first quarter of 2025, and net (loss) income margin was (2.5)%, compared to net income margin of 2.0% in the prior year, as a result of lower gross profi”
Material Agreements
MasterBrand, Inc. amended Second Amendment to Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent and the lenders party thereto (effective 2026-03-26).
“On March 26, 2026, MasterBrand, Inc. (“MasterBrand”) and certain of its subsidiaries entered into the Second Amendment to Amended and Restated Credit Agreement (the “Second Amendment”) with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”) and the lenders party thereto, which amends that certain Amended and Restated Credit Agreement, dated as of June 27, 2024 (as amended by the First Amendment to Amended and Restated Credit Agreement, dated as of November 3, 2025, the “Existing Credit Agreement” and, the Existing Credit Agreement as amended by the Second Amendment, the “Credit Agreement”).”
Debt Financings
MasterBrand, Inc. amended credit facility with JPMorgan Chase Bank, N.A., as administrative agent and the lenders party thereto at adds a new category of pricing in respect of the margin over the base reference.
“On March 26, 2026, MasterBrand, Inc. (“MasterBrand”) and certain of its subsidiaries entered into the Second Amendment to Amended and Restated Credit Agreement (the “Second Amendment”) with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”) and the lenders party thereto, which amends that certain Amended and Restated Credit Agreement, dated as of June 27, 2024 (as amended by the First Amendment to Amended and Restated Credit Agreement, dated as of November 3, 2025, the “Existing Credit Agreement” and, the Existing Credit Agreement as amended by the Second Amendment, the “Credit Agreement”). The Second Amendment (i) adds a new category of pricing in respect of the margin over the base reference rate as to loans thereunder and (ii) changes the threshold for the net leverage ratio financial covenant and minimum interest coverage ratio financial covenant in the Existing Credit Agreement until (but excluding) the earlier of (A) January 1, 2027 and (B) the date t”
Governance Changes
MasterBrand, Inc.: Amendment and restatement of bylaws to amend advance notice provisions and a related defined term (effective 2025-06-04).
“On June 4, 2025, the Board of Directors (the “Board”) of MasterBrand, Inc. (the “Company”), in connection with the Board’s periodic review of corporate governance matters, adopted and approved an amendment and restatement of the Company’s Amended and Restated Bylaws (as so amended and restated, the “Amended and Restated Bylaws”), effective as of such date, in order to amend certain disclosures and other obligations required under the advance notice provisions of the Amended and Restated Bylaws and amend a related defined term.”
M&A Transactions
MasterBrand, Inc. completed an acquisition involving Supreme Cabinetry Brands, Inc. (from GHK Capital Partners LP) for $520 million in cash (closed 2024-07-11).
“MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), through its subsidiary MasterBrand Cabinets LLC, today announced that it has completed its acquisition of Supreme Cabinetry Brands, Inc. (“Supreme”), a highly regarded cabinetry company, from GHK Capital Partners LP (“GHK”) for $520 million in cash.”
M&A Transactions
MasterBrand, Inc. completed an acquisition involving Dura Investment Holdings LLC for $520 million in cash (closed 2024-07-10).
“company (“ Dura ”) pursuant to the Amended Merger Agreement (as defined below). Pursuant to the Amended Merger Agreement, MasterBrand LLC acquired Dura for a purchase price of $520 million in cash, subject to customary adjustments as set forth in the Amended Merger Agreement (the “ Merger Consideration ”), via a merger whereby Merger Sub (as defined below) merged”
Catherine Courage was elected as Director at MasterBrand, Inc..
“On June 6, 2024, the Board of Directors (the “Board”) of MasterBrand, Inc. (the “Company”), acting upon the recommendation of its Nominating, Environmental, Social and Governance Committee, elected Catherine Courage as the newest member of the Board, effective immediately.”
Earnings Releases
MasterBrand, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $638.1 million, net income $37.5 million, EPS $0.29. Guidance reaffirmed.
“The information in this Item 2.02 and --- EX-99.1 (EX-99.1) --- MasterBrand Reports First Quarter 2024 Financial Results • Net sales decreased 5.7% year-over-year to $638.1 million • Net income was $37.5 million compared to $35.0 million in the prior year • Adjusted EBITDA 1 margin increased 40 basis points year-over-year to 12.4% • Diluted earnings per”
Patrick Shannon was elected as Director at MasterBrand, Inc..
“On March 25, 2024, the Board of Directors (the “Board”) of MasterBrand, Inc. (the “Company”), acting upon the recommendation of its Nominating, Environmental, Social, and Governance Committee, elected Patrick Shannon as the newest member of the Board, effective immediately.”
Earnings Releases
MasterBrand, Inc. reported the fiscal quarter and year ended December 31, 2023 results: revenue $677.1 million, net income $36.1 million, EPS $0.28.
“--- EX-99.1 (EX-99.1) --- MasterBrand Reports Fourth Quarter and Full Year 2023 Financial Results • 4Q and full year 2023 net sales decreased 14% and 17% year-over-year to $677.1 million and $2.7 billion, respectively • 4Q and full year net income increased 134% and 17% year-over-year to $36.1 million and $182.0 million, respectively • 4Q and full year adjusted”
Earnings Releases
MasterBrand, Inc. reported the fiscal quarter ended September 24, 2023 results: revenue $677.3 million, net income $59.7 million, EPS $0.46. Guidance reaffirmed.
“The information in this Item 2.02 and --- EX-99.1 (EX-99.1) --- MasterBrand Reports Third Quarter 2023 Financial Results • Net sales decreased 21.1% year-over-year to $677.3 million • Net income increased 14.4% year-over-year to $59.7 million • Adjusted EBITDA 1 margin increased 153 basis points year-over-year to 16.2% • Operating cash flow for the”
Earnings Releases
MasterBrand, Inc. reported financial results for the 2022 fiscal year.
“MasterBrand, Inc. (the “Company”) published a presentation of Supplemental Financial Information by Quarter on June 13, 2023, announcing certain quarterly financial and operational results for each fiscal quarter of the Company’s 2022 fiscal year.”
Shareholder Votes
MasterBrand, Inc. shareholders approved Advisory vote on the Say-on-Frequency Proposal. at the 2023-06-06 meeting.
“Proposal 3 – Advisory vote on the Say-on-Frequency Proposal. One Year Two Years Three Years Abstain Votes Cast 100,830,669 106,615 2,805,890 153,854 The shareholders voted for a say-on-pay vote frequency of one year.”
Earnings Releases
MasterBrand, Inc. updated its full year 2023 guidance (raised).
“For full year 2023, the Company expects: ● Net sales year-over-year decline of mid teens, based on market declines of low teens ● Adjusted EBITDA* in the range of $315 million to $345 million, with related adjusted EBITDA* margins of roughly 11.5 to 12.5 percent The Company is increasing the midpoint of full-year adjusted EBITDA* outlook by $10 million following stronger than expected performance in the first quarter of 2023.”
Earnings Releases
MasterBrand, Inc. reported fiscal quarter ended March 26, 2023 results: revenue 676.7 million, net income 35.0 million, EPS 0.27.
“Net sales were $676.7 million, compared to $777.1 million in the first quarter of 2022, a decrease of 12.9%. Gross profit was $204.6 million, compared to $211.0 million in the comparable period of the prior year. Gross profit margin expanded 300 basis points to 30.2%, compared to 27.2% in the first quarter of 2022. Net income was $35.0 million, compared to $46.9 million in the first quarter of 2022, primarily due to higher interest expense of $17.4 million, related to bank debt issued in December 2022 at the time of our separation from Fortune Brands Home and Security. Diluted net income per share was $0.27, compared to pro forma diluted net income per share of $0.37 in the comparable period of the prior year.”
Earnings Releases
MasterBrand, Inc. reported the year ended December 25, 2022 results: revenue $3.3 billion, net income $155.4 million, EPS $1.20. Guidance initiated.
“Exhibit 99.1 MasterBrand Reports Fourth Quarter and Full Year 2022 Financial Results ● 4Q and full year 2022 net sales increased 5% and 15% year-over-year to $784.4 million and $3.3 billion, respectively ● 4Q and full year 2022 net income were $15.4 million and $155.4 million, respectively ● 4Q and full year 2022 adjusted EBITDA* increased 47% and 29% year-over-year”
Governance Changes
MasterBrand, Inc.: Adopted Code of Business Conduct and Ethics and Corporate Governance Principles.
“In connection with the Distribution, the Board adopted a Code of Business Conduct and Ethics and Corporate Governance Principles effective as of immediately prior to the Effective Time.”
Governance Changes
MasterBrand, Inc.: Amended and Restated Bylaws became effective (effective 2022-12-14).
“The Amended and Restated Bylaws of the Company (the “ Bylaws ”) also became effective on December 14, 2022.”
Governance Changes
MasterBrand, Inc.: Filed Amended and Restated Certificate of Incorporation (effective 2022-12-14).
“on December 13, 2022, the Company filed an Amended and Restated Certificate of Incorporation (the “ Charter ”) with the Secretary of State of the State of Delaware, which became effective on December 14, 2022.”
Governance Changes
MasterBrand, Inc.: Amended bylaws to increase board size from three to four members (effective 2022-12-09).
“Effective December 9, 2022, the Company amended its bylaws to increase the size of the Board from three to four members to permit the appointment of Robert C. Crisci to the Audit Committee, as described under Item 5.02 of this report.”
M&A Transactions
MasterBrand, Inc. underwent a change of control involving Fortune Brands Home & Security, Inc. (now known as Fortune Brands Innovations, Inc.) (closed 2022-12-14).
“On December 14, 2022 (the “ Distribution Date ”), Fortune Brands Home & Security, Inc. (now known as Fortune Brands Innovations, Inc.) (“ Fortune Brands ”) completed the previously announced legal and structural separation and distribution of all of the outstanding shares of common stock, par value of $0.01 per share, of MasterBrand, Inc.”
Material Agreements
MasterBrand, Inc. entered into Tax Allocation Agreement with Fortune Brands Home & Security, Inc. (now known as Fortune Brands Innovations, Inc.) (effective 2022-12-14).
“Fortune Brands entered into several agreements with the Company setting forth the principal actions taken or to be taken in connection with the Distribution and governing the relationship of the parties following the Distribution, including the following: • a Separation and Distribution Agreement; • a Transition Services Agreement; • a Tax Allocation Agreement; and • an Employee Matters Agreement.”
Material Agreements
MasterBrand, Inc. entered into Transition Services Agreement with Fortune Brands Home & Security, Inc. (now known as Fortune Brands Innovations, Inc.) (effective 2022-12-14).
“Fortune Brands entered into several agreements with the Company setting forth the principal actions taken or to be taken in connection with the Distribution and governing the relationship of the parties following the Distribution, including the following: • a Separation and Distribution Agreement; • a Transition Services Agreement; • a Tax Allocation Agreement; and • an Employee Matters Agreement.”
Material Agreements
MasterBrand, Inc. entered into Separation and Distribution Agreement with Fortune Brands Home & Security, Inc. (now known as Fortune Brands Innovations, Inc.) (effective 2022-12-14).
“Fortune Brands entered into several agreements with the Company setting forth the principal actions taken or to be taken in connection with the Distribution and governing the relationship of the parties following the Distribution, including the following: • a Separation and Distribution Agreement; • a Transition Services Agreement; • a Tax Allocation Agreement; and • an Employee Matters Agreement.”
Mark Young was appointed as Vice President, Chief Accounting Officer at MasterBrand, Inc..
“Mark Young 45 Vice President, Chief Accounting Officer”
Andrean Horton was appointed as Executive Vice President, Chief Legal Officer and Secretary at MasterBrand, Inc..
Navi Grewal was appointed as Executive Vice President and Chief Digital and Technology Officer at MasterBrand, Inc..
“Navi Grewal 49 Executive Vice President and Chief Digital and Technology Officer”
Bruce A. Kendrick was appointed as Executive Vice President and Chief Human Resources Officer at MasterBrand, Inc..
“Bruce A. Kendrick 56 Executive Vice President and Chief Human Resources Officer”
Martin S. Van Doren was appointed as Executive Vice President, Sales at MasterBrand, Inc..
“Martin S. Van Doren 59 Executive Vice President, Sales”
Andrea H. Simon was appointed as Executive Vice President and Chief Financial Officer at MasterBrand, Inc..
“Andrea H. Simon 46 Executive Vice President and Chief Financial Officer”
Juliana L. Chugg was elected as Director at MasterBrand, Inc..
“Juliana L. Chugg 55 Class II—Expiring 2024”
Jeffery S. Perry was elected as Director at MasterBrand, Inc..
“Jeffery S. Perry 57 Class III—Expiring 2025”
Ann Fritz Hackett was elected as Director at MasterBrand, Inc..
“Ann Fritz Hackett 68 Class I—Expiring 2023”
R. David Banyard, Jr. was elected as Director at MasterBrand, Inc..
“R. David Banyard, Jr. 54 Class I—Expiring 2023”
R. David Banyard, Jr. was appointed as Chief Executive Officer at MasterBrand, Inc..
“R. David Banyard, Jr. 54 Chief Executive Officer and Director”
David D. Petratis was elected as Director at MasterBrand, Inc..
“David D. Petratis 65 Class II—Expiring 2024”
David D. Petratis was elected as Non-Executive Chairman of the Board of Directors at MasterBrand, Inc..
“David D. Petratis serves as Non-Executive Chairman of the Board of Directors.”
Robert C. Crisci was appointed as Director at MasterBrand, Inc..
“On December 9, 2022, Robert C. Crisci was appointed to the Board of Directors (the “Board”) and as a member of the Board’s Audit Committee.”
Patrick D. Hallinan resigned as Interim Director at MasterBrand, Inc..
“On December 14, 2022, Nicholas I. Fink and Patrick D. Hallinan, who served as interim members of the Board prior to the Distribution, resigned”
Nicholas I. Fink resigned as Interim Director at MasterBrand, Inc..
“On December 14, 2022, Nicholas I. Fink and Patrick D. Hallinan, who served as interim members of the Board prior to the Distribution, resigned”
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.