MasterBrand names Mark A. Young interim CFO
During his interim service, Young will receive a monthly stipend, a higher annual bonus target and a retention award conditioned on continued employment.
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Form Type
8-K
Rhea-AI Filing Summary
MasterBrand, Inc. appointed Mark A. Young, its Vice President and Chief Accounting Officer, as Interim Chief Financial Officer effective October 23, 2026, the date Andrea Simon ceased serving as CFO. Simon will remain employed in a non-executive advisory role through March 31, 2027, or until an earlier termination of her employment. The company has initiated a search for a permanent CFO.
While serving as interim CFO, Young will continue as Chief Accounting Officer and receive his $385,000 annual base salary, a $15,000 monthly stipend and an annual bonus target increased by 30%, resulting in a target equal to 80% of base salary. He will receive a $150,000 cash retention award on the 18-month anniversary of his appointment, subject to continued employment. Under her separation agreement, Simon is eligible for a $165,900 cash payment for cancellation of an integration restricted stock unit award, provided she remains employed through March 31, 2027 and executes and does not revoke a release of claims.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Annual base salary: $385,000
Monthly stipend: $15,000 per month
Annual bonus target increase: 30%
+3 more
6 metrics
Annual base salary
$385,000
Mark A. Young's current annual base salary
Monthly stipend
$15,000 per month
While Young serves as Interim Chief Financial Officer
Annual bonus target increase
30%
Young's target while serving as Interim Chief Financial Officer
Adjusted annual bonus target
80% of base salary
For the period Young serves as Interim Chief Financial Officer
Cash retention award
$150,000
Payable on the 18-month anniversary of Young's appointment, subject to continued employment
Cash payment for award cancellation
$165,900
Simon’s integration restricted stock unit award; subject to continued employment through March 31, 2027 and execution and non-revocation of a release of claims
Key Terms
pro-rated basis, integration restricted stock unit award, release of claims
3 terms
pro-rated basis financial
"normal target annual bonus on a pro-rated basis"
integration restricted stock unit award financial
"cancellation of her integration restricted stock unit award"
release of claims regulatory
"execution and non-revocation of a release of claims"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is MBC's interim CFO?
Mark A. Young, MasterBrand’s Vice President and Chief Accounting Officer, was appointed Interim Chief Financial Officer effective October 23, 2026. He will continue as Vice President and Chief Accounting Officer while serving in the interim role.
How long will Andrea Simon remain at MasterBrand?
Andrea Simon ceased serving as CFO effective October 23, 2026, and will remain employed in a non-executive advisory role through March 31, 2027, unless her employment ends earlier.
What compensation will Mark Young receive as MBC's interim CFO?
Young will continue to receive his $385,000 annual base salary and, while serving as Interim CFO, receive a $15,000 monthly stipend and an annual bonus target increased by 30%, resulting in a target equal to 80% of base salary. A $150,000 retention award is payable on the 18-month anniversary of his appointment, subject to continued employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________________
FORM 8-K
________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 23, 2026
________________________
MasterBrand, Inc.
(Exact name of Registrant as Specified in Its Charter)
________________________
| Delaware | 1-41545 | 88-3479920 | ||||||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
3300 Enterprise Parkway, Suite 300 Beachwood, Ohio | 44122 | |||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||
Registrant’s Telephone Number, Including Area Code: 812 482-2527
(Former Name or Former Address, if Changed Since Last Report)
________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
| Common Stock, par value $0.01 per share | MBC | New York Stock Exchange | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Chief Financial Officer
On October 26, 2026, MasterBrand, Inc. (the “Company”) announced that Andrea Simon, the Chief Financial Officer of the Company, ceased serving as the Chief Financial Officer of the Company effective as of October 23, 2026 (the “Transition Date”). Following the Transition Date, Ms. Simon will continue to be employed by the Company in a non-executive advisory role until March 31, 2027 (or such earlier date that Ms. Simon’s employment with the Company is terminated, the “Separation Date”) to facilitate an orderly transition of her duties and responsibilities. During this period, Ms. Simon will (i) continue to receive the same base salary and health benefits at the levels in effect as of the Transition Date, (ii) be eligible to receive her normal target annual bonus on a pro-rated basis under the MasterBrand Annual Executive Incentive Compensation Plan for the 2027 calendar year, based on actual performance (the “2027 Annual Bonus”), and (iii) remain eligible to receive payment in respect of any outstanding equity awards held by Ms. Simon that vest in accordance with their terms prior to the Separation Date. Ms. Simon’s departure is not related to any disagreement with the Company or any matters relating to the Company’s financial statements, operations, policies, or practices.
In connection with her separation, on October 23, 2026, MasterBrand Cabinets, LLC, a subsidiary of the Company, and Ms. Simon entered into a Separation Agreement and Release (the “Separation Agreement”). The Separation Agreement sets forth the terms of her transition from the Company’s Chief Financial Officer to a non-executive advisory role from the Transition Date through the Separation Date (as described above) and provides that Ms. Simon will receive the severance payments and benefits that she is entitled to receive pursuant to her previously disclosed Agreement for the Payment of Benefits Following Termination of Employment, dated as of December 14, 2022, subject to her execution and non-revocation of a release of claims. Ms. Simon will also be eligible to receive (i) her base salary through March 31, 2027 and the 2027 Annual Bonus in the event the advisory period is terminated by the Company or Ms. Simon resigns under certain circumstances, in each case, prior to March 31, 2027, and (ii) provided that Ms. Simon remains employed with the Company through March 31, 2027, a cash payment equal to $165,900 (as consideration for the cancellation of her integration restricted stock unit award granted on June 3, 2026), subject to her execution and non-revocation of a release of claims. The Separation Agreement also provides that Ms. Simon will remain bound by certain restrictive covenants, including post-employment non-competition, non-solicitation and confidentiality covenants. The foregoing description does not purport to be complete and is qualified in its entirety by reference to the Separation Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated by reference herein.
Appointment of Interim Chief Financial Officer
In connection with Ms. Simon’s transition, the Company has appointed Mark A. Young, currently Vice President and Chief Accounting Officer of the Company, as Interim Chief Financial Officer of the Company, effective as of the Transition Date. While serving as Interim Chief Financial Officer, Mr. Young will also continue to serve in his current role as Vice President and Chief Accounting Officer of the Company.
Mr. Young, age 49, currently serves as our Vice President and Chief Accounting Officer. Mr. Young served as Vice President, Accounting of Fortune Brands’ Cabinets segment, MasterBrand Cabinets, LLC from June 2022 until December 14, 2022. Prior to joining MasterBrand Cabinets, LLC, from July 2019 to May 2022, Mr. Young was Vice President and Chief Accounting Officer of Cooper Tire & Rubber Company (former NYSE: CTB), where he had responsibility for SEC reporting and the global accounting function and served as Director of External Reporting from February 2015 to July 2019 as the company’s principal accounting officer. From July 2010 to February 2015, Mr. Young served as Manager of Financial Accounting at Cooper Tire & Rubber Company. Prior to joining Cooper Tire & Rubber Company, Mr. Young worked for Ernst & Young LLP for 11 years, where he was Senior Manager for the two years prior to his departure.
In connection with his appointment as Interim Chief Financial Officer, Mr. Young will continue to receive his current annual base salary of $385,000 and will be entitled to the following compensation adjustments for the period in which he serves as Interim Chief Financial Officer: (i) a $15,000 monthly stipend and (ii) a 30% increase in his annual bonus target (resulting in an adjusted annual bonus target equal to 80% of his base salary for the period in which serves as Interim Chief Financial Officer). Mr. Young will also receive a one-time cash retention award equal to $150,000, which will be payable on the 18-month anniversary of his appointment date, subject to his continued employment with the Company.
Except as described above, there is no arrangement or understanding between Mr. Young and any other person pursuant to which he was appointed as Interim Chief Financial Officer of the Company. In addition, there are no familial relationships
between Mr. Young and any director or executive officer of the Company, and Mr. Young has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
The Company will start a search for a permanent Chief Financial Officer.
Item 7.01. Regulation FD Disclosure
A copy of the Company’s press release relating to the announcement described in Item 5.02, dated October 26, 2026, is furnished as Exhibit 99.1 to this Form 8-K.
The information contained in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information contained in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be incorporated by reference into any filing of MasterBrand, whether made before, on, or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
| Exhibit No. | Description | ||||||||||
| 10.1 | Separation Agreement and Release, dated as of October 23, 2026, among MasterBrand Cabinets, LLC and Andrea Simon. | ||||||||||
| 99.1 | Press Release of MasterBrand, Inc., dated as of October October 26, 2026. | ||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MASTERBRAND, INC. | |||||||||||
| Date: October 26, 2026 | By: | /s/ R. David Banyard, Jr. | |||||||||
| Name: | R. David Banyard, Jr. | ||||||||||
| Title: | President & Chief Executive Officer | ||||||||||
FOR IMMEDIATE RELEASE MasterBrand Announces CFO Transition Mark Young, Vice President and Chief Accounting Officer, Named VP and Interim CFO BEACHWOOD, Ohio – October 26, 2026 – MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today announced the appointment of Mark Young, Vice President and Chief Accounting Officer, as Vice President and Interim Chief Financial Officer, effective immediately. He succeeds Andrea Simon, who has agreed to remain with the Company in an advisory capacity through March 31, 2027, to facilitate a seamless transition. The Company has initiated a comprehensive search process, with the assistance of a leading executive search firm, to identify a permanent CFO from internal and external candidates. Ms. Simon’s departure is not related to any issues with respect to the integrity of the Company’s financial statements or accounting policies and practices. “On behalf of the Board and management team, I'd like to thank Andi for her many contributions to MasterBrand over the past six years,” said Dave Banyard, MasterBrand’s President and Chief Executive Officer. “Her leadership helped establish MasterBrand as a standalone public company, and now is the right time to make this transition. We wish her all the best.” Mr. Young has served as MasterBrand’s Vice President and Chief Accounting Officer since joining the Company in 2022. In this role he has been responsible for financial reporting, internal controls, and accounting policy. He has more than 20 years of finance and accounting leadership experience across the manufacturing industry and public accounting. Prior to joining MasterBrand, Mr. Young held accounting leadership roles at Cooper Tire & Rubber Company, where he led the global accounting function and SEC reporting. Mr. Banyard continued, “Mark’s deep knowledge of our strategic priorities and financial operations makes him well positioned to serve as interim CFO at this important point in our integration journey following the merger with American Woodmark. Mark’s understanding of both businesses and prior integration experience will be instrumental in advancing the work underway. The Board and I have full confidence in his ability to lead the finance organization while we conduct a search for a permanent CFO.” About MasterBrand MasterBrand, Inc. (NYSE: MBC) is the largest manufacturer of residential cabinets in North America and offers a comprehensive portfolio of leading residential cabinetry products for the kitchen, bathroom and other parts of the home. Delivered through our exceptional distribution network, MasterBrand products are available in a wide variety of designs, finishes and styles and span the most attractive categories of the cabinets market: stock, semi-custom and premium cabinetry. Additional information can be found at www.masterbrand.com. Forward-Looking Statements Certain statements contained in this Press Release, other than purely historical information, including, but not limited to statements relating to our business plans and objectives, expected synergies and other expected benefits, and the assumptions upon which those statements are based, are forward-looking statements. Statements preceded by, followed by or that otherwise include the word “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans,” “priorities,” “may increase,” “may fluctuate,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could,” are generally forward-looking in nature and not historical facts. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is based on the current plans and expectations of our management. Although we believe that these statements are based on reasonable assumptions, they are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those indicated in such statements.
These factors include those listed under “Risk Factors” in Part I, Item 1A of our Form 10-K for the fiscal year ended December 28, 2025, Part II, Item 1A of our subsequent Forms 10-Q and other filings with the SEC. The forward-looking statements included in this document are made as of the date of this Press Release and, except pursuant to any obligations to disclose material information under the federal securities laws, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect events, new information or circumstances occurring after the date of this Press Release. Investor Relations Investorrelations@masterbrand.com Media Contact Media@masterbrand.com