Short answer
Brown–Forman (BF.B) filed an 8-K current report with the SEC on March 16, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure). CFO transition: James W. Peters replaces retiring Leanne Cunningham effective March 31, 2026; Peters joins from Whirlpool where he was CFO from Aug 2016–Dec 2025.
Brown–Forman 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CFO transition: James W. Peters replaces retiring Leanne Cunningham effective March 31, 2026; Peters joins from Whirlpool where he was CFO from Aug 2016–Dec 2025
- Base salary $825,000 with short-term incentive target of $825,000 and long-term incentive target of $2,400,000
- New hire RSU award of $900,000 grant-date value, vesting in equal thirds on Apr 30, 2027/2028/2029
- Additional prorated FY2026 equity: $66,000 SSAR award + $134,000 PBRSU award, both granted April 2026
- Total target compensation circa $4.1M annually, reflecting competitive package to recruit external CFO with large-cap public company experience
Item 7.01 · Regulation FD Disclosure
- Paul C. Peters elected to Board of Directors, effective March 16, 2026
- Full details of Peters' background, qualifications, and committee assignments in Exhibit 99.1 press release
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