Highest-materiality recent filing
Middleby Board approves spin-off of Midera Food Processing; distribution ratio 1:1
Distribution of all Midera shares to Middleby holders at ratio of 1 Midera share for each MIDD share.
Middleby sets record date June 26 for spin-off of Midera; distribution expected July 6
SEC declared Form 10 effective June 17, 2026 for Midera spin-off.
Middleby adopts executive severance plan with 3x CEO payout and amended incentive plan
CEO (Tier I) eligible for 3x base salary plus target bonus on termination without cause; same multiplier after change in control.
Middleby shareholders elect all 11 directors, approve say-on-pay, ratify EY auditor at 2026 meeting
Directors elected; Gordon J. O'Brien received 3.93M against (9.4% of votes cast), highest dissent.
Middleby unveils 3-year outlook as two independent companies; Midera spin-off expected July 6, 2026
Middleby (Commercial Foodservice) targets organic net sales CAGR 3-6%, adj. EBITDA CAGR 6-9%, adj. EPS CAGR 10-15% (2025-2028).
Middleby to spin off Food Processing as Midera; distribution expected July 6, 2026
Food Processing business renamed Midera Food Processing, Inc.; will be a standalone public company.
Middleby Q1 beats high end of guidance; raises FY 2026 outlook; spin on track for July 6
Net sales $840M (+15% YoY); GAAP EPS $1.81; Adj. EPS $2.16, exceeding high end of guidance.
Middleby files Form 10 for spin-off of Food Processing; completion target July 6, 2026
Spin-off of Middleby Food Processing as standalone public company; 1 MFP share per MIDD share as dividend.
Middleby names Amy Campbell as CFO of Food Processing business ahead of Q2 spin-off
Amy Campbell appointed CFO of Food Processing business, effective immediately.
Middleby appoints Brittany Cerwin CFO; Bryan Mittelman becomes Special Advisor for spin-off
Brittany Cerwin, previously Chief Accounting Officer, named CFO effective March 25, 2026.
Middleby appoints former Labcorp CFO Glenn Eisenberg to Board of Directors
Eisenberg appointed effective March 1, 2026; Board expands to 12 members.
Middleby furnishes spin-off presentation; no new financial details disclosed
Filed presentation on March 5, 2026 regarding previously announced separation of Food Processing Business.
Middleby Q4 revenue $866M (+5% YoY), adj. EPS $2.14; guides FY26 adj. EPS $9.20-9.36
Q4 net sales $866M (+5% YoY, marginally positive organic); adjusted EBITDA $197M vs $226M prior year.
Middleby names Salman CEO, Bowie COO of Food Processing business for Q2 2026 spin-off
Mark Salman, current Food Processing president, will become CEO when the business spins off in Q2 2026.
Middleby appoints Christopher Hix to board effective Feb 1, 2026
Appointment effective February 1, 2026; board expands to 11 members.
Middleby completes sale of 51% stake in Residential Kitchen to 26North for $540M cash
Proceeds $540M cash plus $135M seller note; Middleby retains 49% non-controlling interest in JV.
Middleby extends cooperation with Garden Investment, keeping Ed Garden as director nominee for 2026
Amendment extends cooperation agreement by one year through 2027 annual meeting.
Middleby sells 51% of Residential Kitchen to 26North at $885M valuation; gets ~$540M cash
Middleby sells 51% stake in Residential Kitchen to affiliates of 26North; enterprise value $885M.
Middleby Q3 results top guidance; records $709M impairment on Residential Kitchen review
Net sales $982M (+4.2% YoY); organic sales flat; adjusted EPS $2.37 vs $2.33 prior year.
Middleby extends credit facility maturity to 2028, supports food processing spin-off
Maturity of $1.5B credit facility extended from Oct 2026 to Apr 2028.
Middleby Q2 adjusted EBITDA down 7.5% to $200M; initiates FY25 guidance
Operating income $155M vs $176M prior year; adjusted EBITDA $200M vs $216M, including $10M tariff impact.
All 10 director nominees elected with majority support; no vote received less than 86% of votes cast.
Middleby Q1 adj EBITDA $182M; Board adds 7.5M shares to buyback (21% of equity)
Net sales down 2.2% YoY; adjusted EBITDA $182.1M vs $185.8M prior year.
Middleby Q4 adj. EPS $2.88, record adj. EBITDA $251M, organic sales down 1.3%
Net sales $1,014M (+0.5% reported, -1.3% organic); diluted EPS $2.07, adjusted EPS $2.88.
Middleby to spin off food processing unit as standalone public company by early 2026
Spin-off of food processing business expected to be tax-free, completed early 2026; creates two independent companies.
Middleby confirms strategic review; may separate Food Processing or Residential Kitchen units
Board-directed review started last year; advanced stages, conclusion expected in months.
Middleby Q3 net sales $943M, down 4.1% organic; EPS $2.11 adj $2.33; CEO cites challenging macro
Net sales of $943M, down 3.9% reported and 4.1% organic YoY; diluted GAAP EPS $2.11, adjusted EPS $2.33.
Middleby Q2 net sales $992M (-4.7% YoY); EPS $2.13 ($2.39 adjusted)
Diluted GAAP EPS $2.13; adjusted EPS $2.39; operating income $176M (17.7% of sales).
Middleby shareholders elect all nine directors, approve say-on-pay, ratify EY at 2024 annual meeting
All nine director nominees elected, including Gordon O'Brien (41.8M for) and Sarah Palisi Chapin (38.3M for).
Middleby Q1 net sales down 8% to $927M; adjusted EPS $1.89
Net sales $927M, down 8.0% YoY (organic -8.7%); GAAP EPS $1.59, adjusted EPS $1.89.
Middleby reports record Q4 adjusted EBITDA $235M, up 1% YoY; adjusted EPS $2.65
Record Q4 adjusted EBITDA $235M (+1% YoY); organic adjusted EBITDA margin 23.6% vs 22.6% prior year.
Middleby expands board to 9, appoints Scherger and Shah as directors
Board increased from 7 to 9 members; Scherger (CFO of Graphic Packaging) and Shah (Global CIO of Fluence Energy) appointed.
Middleby Q3 adjusted EBITDA $224M, EPS $2.35; organic sales down 4.4%
Net sales fell 1.2% YoY; organic sales down 4.4% due to de-stocking in Commercial Foodservice and Residential Kitchen.
Middleby reports record Q2 revenue $1.04B, adj EPS $2.47 (+11% YoY)
Revenue $1,040M (+3% YoY); diluted EPS $2.16, adjusted EPS $2.47 (+11% YoY).
Middleby announces retirement of officer Martin Lindsay and appointments of Cerwin and Fuchsen
Martin M. Lindsay retired as Chief Risk and Administration Officer, Treasurer and Secretary effective May 16, 2023.
Middleby shareholders elect all seven director nominees at 2023 annual meeting
All seven director nominees elected with votes ranging from 41M to 45.3M for; no nominee received less than 41M votes.
Middleby posts record Q1 revenue $1.007B; adjusted EPS $2.19, +3%; EBITDA margin 21.1%
Revenue $1,007M (+1% YoY); diluted EPS $1.82, adjusted EPS $2.19 (+3%).
Middleby reports record Q4 revenue $1.03B, EPS $2.45; organic sales up 14%
Revenue $1,032M (+19.1% YoY); diluted EPS $2.45, adjusted EPS $2.57 (+21.8%).
Middleby Q3 revenue $993M (+21.5% YoY); adj. EPS $2.18 (+13.5%)
Revenue $993M, up 21.5% YoY; organic sales up 14.2% excluding acquisitions and FX.
Middleby Q2 net sales $1.01B (+25% YoY), adjusted EPS $2.23
Net sales $1,013.6M (+25.3% YoY); organic sales +13.3% YoY; record quarterly sales.
Middleby adds 2.5M share buyback authorization, shareholders reelect all directors
All 7 director nominees elected; votes ranged from 40.7M to 45.2M for each.
Middleby Q1 net sales $994.7M, adj. EPS $2.13; records amid supply challenges
Net earnings $85.8M ($1.52 diluted EPS); adjusted net earnings $116.3M ($2.13 adjusted diluted EPS).
Middleby enters new employment agreement with CEO FitzGerald through 2024; salary unchanged at $975K
Agreement dated March 10, 2022; term ends Dec 31, 2024 with automatic one-year renewals.
Middleby Q4 net sales $866.4M, adjusted EPS $2.11, record backlog $1.4B
Q4 net sales $866.4M (+18.8% YoY); organic sales growth 12.6% excluding acquisitions and FX.
Middleby Q3 net sales up 28.8% to $817.5M; adj EPS $1.92, record backlog $1.2B
GAAP net earnings $176.0M ($3.09 diluted EPS); adjusted net earnings $106.4M ($1.92 adjusted diluted EPS).
John R. Miller III notified the Board of his intent to retire from the Board, effective upon the completion of the 2025 Annual Meeting.
appointed Julie Bowerman and Mr. Garden as directors of the Company to fill the vacancies so created.
appointed Julie Bowerman and Mr. Garden as directors of the Company to fill the vacancies so created.
On January 12, 2024, the Board of Directors (the “Board”) of The Middleby Corporation (the “Company”) increased the size of the Board from seven (7) to nine (9) directors and appointed Tejas P. Shah and Steven R. Scherger as directors of the Company to fill the vacancies so created.
On January 12, 2024, the Board of Directors (the “Board”) of The Middleby Corporation (the “Company”) increased the size of the Board from seven (7) to nine (9) directors and appointed Tejas P. Shah and Steven R. Scherger as directors of the Company to fill the vacancies so created.
On May 16, 2023, the Company issued a press release announcing the retirement of Mr. Lindsay and the appointments of Ms. Cerwin and Matthew Fuchsen as Chief Accounting Officer and Chief Development Officer, respectively.
On May 16, 2023, The Middleby Corporation (the “Company”) announced the retirement of Martin M. Lindsay from his position as Chief Risk and Administration Officer, Treasurer and Secretary, effective as of May 16, 2023.
Effective May 16, 2023, the Board of Directors of the Company (the “Board”) appointed Brittany Cerwin (age 39) as Chief Accounting Officer.
Max materiality 0.85 · Median 0.70 · Most common event earnings