Michael T. Lawton
Michael T. Lawton notified the Board that he will retire from service on the Board following the completion of his current term.
Highest-materiality recent filing
Universal Corp Q3 net income down 44% YoY; appoints Steven Diel as CFO effective Apr 1, 2026
Q3 sales $861.3M (-8% YoY), net income $33.2M (-44%), diluted EPS $1.32 vs $2.37.
Universal Corp withdraws CFO offer to Anubhav Mittal; Kroner remains CFO
On Jan 28, 2026, Universal Corp withdrew its offer of employment to Anubhav Mittal as SVP & CFO.
Universal Corp enters $1.4B new credit facility; replaces existing agreement
New unsecured Credit Agreement includes $275M term A-1 (5-yr), $345M term A-2 (7-yr), and $780M revolver (5-yr).
Universal Corp Q2 revenue up 6% to $754M, net income +32%; appoints new director
Q2 revenue $754.2M (+6% YoY); operating income $67.6M (-2%); net income $34.2M (+32%) on lower restructuring costs.
Universal Q1 FY2026 EPS $0.34 vs $0.01; operating income doubles to $33.8M
Revenue $593.8M (down $3M YoY); operating income $33.8M, up from $17.2M.
Universal Corp reports FY2025 revenue up 7% to $2.9B; Q4 EPS down 77%
FY2025 revenue $2,947M (+7% YoY); operating income $232.8M (+5%); diluted EPS $3.78 (-21%).
Michael T. Lawton notified the Board that he will retire from service on the Board following the completion of his current term.
Max materiality 0.80 · Median 0.60 · Most common event leadership