Welcome to our dedicated page for Brp SEC filings (Ticker: DOOO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
BRP Inc.'s SEC filings document its reporting as a Canadian foreign private issuer and cover formal disclosures for its powersports, propulsion and boat business. Form 6-K reports include annual meeting materials, management proxy circulars, audited annual consolidated financial statements, director elections, auditor appointments, executive compensation votes and the company's share classes, including subordinate voting shares and multiple voting shares.
The filings also record financial-results releases, capital-return disclosures, dividend actions, asset-impairment items related to electric vehicles and light mobility, and underwriting agreements involving subordinate voting shares. These documents connect BRP's governance, capital structure and operating disclosures to its Can-Am, Ski-Doo, Sea-Doo, Rotax and related product businesses.
FMR LLC and Abigail P. Johnson have disclosed a significant ownership position in BRP Inc. They report beneficial ownership of 3,552,129 Subordinate Voting Shares, representing 9.2% of the class as of the event date. FMR LLC has sole voting and dispositive power over these shares, while Johnson has sole dispositive power. The filing states the securities were acquired and are held in the ordinary course of business, not to change or influence control of BRP Inc. One or more other persons may receive dividends or sale proceeds from these shares, but no single such interest exceeds five percent of the class.
FMR LLC and Abigail P. Johnson have disclosed a significant ownership position in BRP Inc. They report beneficial ownership of 3,552,129 Subordinate Voting Shares, representing 9.2% of the class as of the event date. FMR LLC has sole voting and dispositive power over these shares, while Johnson has sole dispositive power. The filing states the securities were acquired and are held in the ordinary course of business, not to change or influence control of BRP Inc. One or more other persons may receive dividends or sale proceeds from these shares, but no single such interest exceeds five percent of the class.
BRP Inc. plans to change its external auditor, appointing PricewaterhouseCoopers LLP (PwC) for fiscal year 2027 after a competitive RFP process led by its Audit Committee. The Board selected PwC for its audit team strength, innovative approach, technology capabilities, and independence.
Deloitte LLP, the long-time auditor, will continue through the fiscal year ending January 31, 2026 and then resign after completion of BRP’s audited consolidated financial statements. PwC will fill the resulting vacancy until the 2026 Annual Meeting of Shareholders, where BRP intends to propose PwC’s appointment for the following year.
BRP, a Quebec-based powersports and marine company with CA$7.8 billion in annual sales from over 130 countries and about 16,500 employees as of January 31, 2025, emphasizes that this auditor transition aligns with its commitment to strong corporate governance.
BRP Inc. entered into an underwriting agreement on September 10, 2025 with Bain Capital Integral Investors II, L.P. and BMO Nesbitt Burns Inc. covering the sale of 1,500,000 subordinate voting shares of BRP held by the Bain Capital entity. The agreement sets the terms under which BMO Nesbitt Burns Inc. will underwrite and distribute these shares on behalf of the selling shareholder.
A copy of the full underwriting agreement is filed as Exhibit 1.1 and is deemed filed for all purposes under the U.S. securities laws, giving investors access to the detailed conditions governing this secondary share sale.
BRP Inc. filed a prospectus supplement describing a Secondary Offering consisting of Subordinate Voting Shares priced at $90.71 per share with an underwriter commission of $3.63 and net proceeds of $87.08 per share. The Supplement shows gross proceeds of $136,065,000 and underwriter compensation of $5,442,600, leaving net proceeds to the selling shareholder of $130,622,400. The document incorporates by reference various periodic reports and financial statements and lists brands (Ski-Doo, Sea-Doo, Can-Am, Rotax, Quintrex, Lynx) and product lines including parts, accessories and electric model development. It discloses a capital structure with 11,996,629 Multiple Voting Shares and a contemplated Subordinate Voting Shares offering of 1,500,000 shares, and notes significant shareholder groups including the Bain and Beaudier groups and related voting concentration. The Company states WKSI status under Canadian blanket orders and describes distribution mechanics and applicable tax and regulatory considerations.
BRP Inc. prospectus supplement discusses a secondary offering framework and related disclosures for Subordinate Voting Shares. The document lists product brands (Ski-Doo, Sea-Doo, Can-Am, Quintrex, Rotax) and notes the company is developing electric models. It provides sample issuance sizes and prices for multiple Subordinate Voting Share transactions and options (examples include 752,300 options at $49.78 and multiple blocks priced from $54.43 to $91.38). Trading volumes and monthly high/low prices are shown in CAD and US$, with monthly average daily volumes ranging roughly from ~127,802 to ~320,287 shares. The supplement confirms BRP qualifies as a well-known seasoned issuer and describes distribution mechanics including "at-the-market" offerings and potential underwriter stabilization. It discloses concentrated voting control and that certain major holders are not subject to lock-ups and may sell shares.
Turtle Creek Asset Management Inc. reports beneficial ownership of 2,986,371 subordinate voting shares of BRP Inc., representing 8.7% of the class. Turtle Creek reports sole voting and sole dispositive power over these shares, and states the shares are held for the benefit of unit holders of mutual funds it manages, with no known single unit holder exceeding 5%. The filing identifies Turtle Creek as an investment adviser and confirms the holdings were acquired and are held in the ordinary course of business, not to influence control of BRP.