Marshall B. Farrer, a director of Brown‑Forman Corporation (tickers BFA, BFB), reported changes in beneficial ownership dated 10/08/2025. The filing shows a disposition of 2,720 Class B common shares and two corresponding acquisitions of 1,360 Class B shares each, both with $0 price reported and held indirectly in Child-1 Trust and Child-2 Trust. After the transactions, Mr. Farrer directly owned 19,017 Class B shares and indirectly held 1,360 shares in each trust. The Form 4 was signed by an attorney‑in‑fact on 10/09/2025.
Brown-Forman Corporation approved a board-authorized share repurchase program to buy up to $400 million of its outstanding Class A and Class B common stock between October 1, 2025 and October 1, 2026. The program allows purchases in the open market, block trades, under Rule 10b5-1 plans, and through privately negotiated transactions, and is subject to market conditions and applicable laws. The repurchase plan does not commit the company to a minimum repurchase amount and may be modified, suspended, or terminated at any time. The filing notes that the information in Item 7.01 and Exhibit 99.1 is furnished and not "filed" for Exchange Act purposes.
Brown-Forman reported mixed first-quarter fiscal 2026 results with modest declines in top-line and profitability while pursuing cost realignment. Net sales were $924 million, down 3% year-over-year, driven by the Sonoma-Cutrer divestiture, foreign exchange headwinds, and lower used-barrel sales, partially offset by higher volumes and distributor inventory builds. Gross profit totaled $552 million (down 2%) and gross margin improved to 59.8% from 59.4%. Operating income was $260 million, down 7%, reflecting foreign exchange, the absence of a prior-year franchise tax refund, restructuring costs, and lower gross profit. Diluted EPS was $0.36, down 13% year-over-year. The company recognized $60 million of restructuring and other charges to date and expects $60–$70 million in aggregate. Cash and cash equivalents were $471 million at July 31, 2025 (about 54% held overseas). Management reiterated fiscal 2026 outlook: organic net sales and organic operating income declines in the low-single-digit range; effective tax rate ~21%–23%; and capital expenditures of $125–$135 million.
Brown-Forman Corporation reported that it has released its operating results for the first fiscal quarter and three-month period ended July 31, 2025. The company furnished this information through a press release dated August 28, 2025, which is attached as Exhibit 99.1. The results are provided under a section that is designated as furnished rather than filed, meaning they are not subject to certain Exchange Act liability provisions or automatically incorporated into other securities filings unless specifically referenced.
Brown-Forman Corporation disclosed that Leanne D. Cunningham, its Executive Vice President and Chief Financial Officer, informed the company on August 21, 2025 that she intends to retire effective May 1, 2026. The company furnished a press release dated August 25, 2025 announcing the retirement and attached that release as Exhibit 99.1 to this Form 8-K. The filing clarifies that the Item 7.01 disclosure and Exhibit 99.1 are furnished, not filed, under the Exchange Act and are not incorporated by reference into other filings unless expressly stated.
Brown-Forman (BF) filed a Form 4 disclosing that EVP & CFO Leanne D. Cunningham received a stock appreciation right (SAR) covering 75,105 Class B shares on 07/24/2025. The SAR carries an exercise price of $31.15, becomes exercisable on 05/01/2028, and expires on 04/30/2035. No common shares were bought or sold; the filing records only the new derivative grant. After the award, Cunningham directly holds 75,105 derivative securities and no change is reported for her non-derivative ownership. The transaction appears to be routine long-term incentive compensation and does not materially affect Brown-Forman’s share count or control structure.