Middleby Corp filings document the company's public disclosures as a Nasdaq-listed manufacturer of commercial foodservice and food processing equipment. Its Form 8-K reports cover operating results, financial-condition updates, capital-structure information, credit-agreement leverage measures, and material corporate events tied to its equipment businesses.
Middleby's proxy and governance filings describe shareholder voting matters, board composition, executive appointments, compensation arrangements, bylaw amendments, and related governance procedures. The filings also identify its common stock under ticker MIDD and provide formal records for business descriptions, financial exhibits, and corporate actions affecting the company's reporting and governance profile.
The Middleby Corporation is moving forward with plans to spin off its Food Processing business into a standalone public company and has released a detailed investor presentation on the proposed transaction. The Food Processing segment generated $850 million of revenue and $172 million of adjusted EBITDA in 2025, implying an adjusted EBITDA margin of about 20%, with guidance for 2026 revenue of $895–$925 million and adjusted EBITDA of $186–$208 million. Management highlights a long track record of acquisitions, strong aftermarket and total-line solutions, and favorable industry trends across protein, bakery and snack markets. The presentation outlines a preliminary estimate of $27–$32 million in standalone corporate costs and a spin timeline that includes an investor day on May 12, 2026, a Form 10 registration statement filing, and the appointment of Mark Salman as CEO of the new Food Processing company.
The Middleby Corporation details a year of major portfolio reshaping alongside its 2025 annual report. The company sold a 51% stake in its Residential Kitchen Equipment Group to an affiliate of 26North Partners LP in a deal valuing the business at $885 million, receiving about $565 million in cash and a $135 million promissory note while retaining a 49% non‑controlling interest.
Middleby plans to separate its Food Processing business through a tax‑free spin‑off targeted for the second quarter of 2026, subject to board approval and regulatory conditions. The company recorded non‑cash impairment charges of $709.1 million related primarily to Residential Kitchen goodwill and trademarks, and reports total borrowings of $2.2 billion as of January 3, 2026. It highlights strong positions in commercial foodservice and food processing equipment, a sizeable order backlog in both segments, global manufacturing operations, and a formal cybersecurity program with no material incidents reported.
MIDDLEBY Corp Chief Accounting Officer Brittany C. Cerwin reported a tax-related share disposition. On the vesting of time-based restricted stock units, 1,256 shares of common stock were surrendered at $168.86 per share to cover her tax liability. After this tax-withholding disposition, she directly owns 20,097 shares of MIDDLEBY common stock.
MIDDLEBY Corp Chief Development Officer Matthew R. Fuchsen reported a tax-related share disposition. On March 1, 2026, he surrendered 990 shares of common stock at a price of $168.86 per share to cover tax liabilities arising from the vesting of time-based restricted stock units.
After this tax-withholding disposition, Fuchsen directly held 39,943 shares of MIDDLEBY common stock. The transaction was coded as a tax payment by delivering securities rather than an open-market purchase or sale.
Middleby Corp Chief Technology officer James K. Pool III reported a Form 4 transaction showing a tax-withholding disposition of 2,344 shares of common stock on the vesting of time-based RSUs at a price of $168.86 per share, leaving him with 53,902 shares held directly.
MIDDLEBY Corp Chief Commercial Officer Steve Spittle reported a tax-related share disposition. He surrendered 2,344 shares of common stock at $168.86 per share to cover tax liabilities tied to the vesting of time-based RSUs. After this transaction, he directly holds 52,087 shares of MIDDLEBY common stock.
Middleby Corp Chief Financial Officer Bryan E. Mittelman reported a tax-related share disposition. On March 1, 2026, he surrendered 1,933 shares of common stock at $168.86 per share to fund his tax liability from vesting time-based RSUs. After this transaction, he directly owned 42,763 shares of Middleby common stock. This was a tax-withholding disposition rather than an open-market sale.
Middleby Corp CEO Timothy J. FitzGerald reported a tax-related share disposition. On March 1, 2026, 6,486 shares of Middleby common stock were surrendered at an implied price of $168.86 per share to cover his tax liability from vesting time-based RSUs.
After this tax-withholding disposition, FitzGerald directly owned 340,487 Middleby shares. He also reported indirect holdings of 25,200 shares held by his spouse and children, 20,000 shares in the Timothy J. FitzGerald 2012 Gift Trust, and 56,250 shares in the Andrea C. FitzGerald 2012 Gift Trust, with beneficial ownership disclaimed except for his pecuniary interest.
The Middleby Corporation filed a Form 8-K describing leadership plans for its previously announced spin-off of its Food Processing business into an independent public company targeted for the second quarter of 2026. Mark Salman, currently President of Middleby Food Processing Group, will become Chief Executive Officer of the standalone Food Processing company upon completion of the spin-off, while Mark Bowie will serve as Chief Operating Officer.
Under Salman’s leadership, the Food Processing segment generated $850 million in revenue in 2025, up from $390 million in 2018, driven by 16 strategic acquisitions representing about $300 million in combined annual revenues and strong organic growth. Middleby describes the spin-off as part of a strategic portfolio transformation aimed at creating three focused, industry-leading businesses and enabling the Food Processing business to pursue its own capital allocation strategy and growth investments.
The Middleby Corporation reported solid fourth quarter and fiscal 2025 results while advancing major portfolio changes and capital returns. Q4 2025 net sales from continuing operations were $866.4 million, up 4.5% year over year, with organic growth slightly positive and Food Processing orders and backlog at record levels.
Adjusted EBITDA was $197.1 million in Q4 and $719.5 million for 2025, both below the prior year, while full-year adjusted EPS, calculated as if Residential Kitchen were not discontinued, was $9.27 versus $9.49. Operating cash flow for 2025 was $564.6 million and free cash flow was $493.9 million, supporting $710 million of share repurchases that reduced the share count by about 9%.
The company closed the sale of 51% of its Residential Kitchen business at an enterprise value of approximately $885 million, receiving about $565 million in cash and a $135 million promissory note, and retaining a 49% interest. Net leverage stood at 2.5x with net debt of $2.0 billion and borrowing availability of roughly $2.4 billion. For 2026, management targets total net sales of $3.27–$3.36 billion, adjusted EBITDA of $745–$780 million, adjusted EPS of $9.20–$9.36, and low single-digit organic growth in Commercial Foodservice and mid-single-digit organic growth in Food Processing.