Mccormick & Co SEC Filings

McCormick & Company discusses its planned combination with Unilever's food business and the strategic rationale for creating a global flavor-focused company. Management says the deal is expected to be accretive in the first year on sales (adjusted), adjusted operating margin, and adjusted EPS, and cites $600 million of cost synergies, concentrated in the first two years after close. Executives describe a detailed integration plan that addresses a required carve-out and subsequent integration, note Unilever already operates much of its food business as standalone (about 80% of food-sales), and highlight revenue-synergy targets in the 3–5% range. The discussion emphasizes geographic expansion (example: Brazil), brand-level upside (Knorr, Hellmann's, Maille, Amora, Cholula), combined R&D and foodservice growth, and a continued strategic focus on flavor rather than competing on calories.

McCormick & Company describes its proposed combination with the Unilever Foods business, framing the deal as a strategic, volume-driven merger that would expand McCormick’s global brand portfolio and distribution. The letter cites 2025 operating momentum and Q1 2026 results as the foundation for pursuing the transaction, notes that Knorr has $5 billion in annual sales, and states Unilever shareholders would receive McCormick shares at close. Management expects the combined company to retain the McCormick name, be led by current McCormick management, maintain headquarters in Hunt Valley, and operate an international headquarters in the Netherlands. The communication emphasizes anticipated accretion in the first full year, integration via transition services agreements, and an investment‑grade target for post‑close leverage and dividends.

McCormick & Company describes its proposed combination with the Unilever Foods business, framing the deal as a strategic, volume-driven merger that would expand McCormick’s global brand portfolio and distribution. The letter cites 2025 operating momentum and Q1 2026 results as the foundation for pursuing the transaction, notes that Knorr has $5 billion in annual sales, and states Unilever shareholders would receive McCormick shares at close. Management expects the combined company to retain the McCormick name, be led by current McCormick management, maintain headquarters in Hunt Valley, and operate an international headquarters in the Netherlands. The communication emphasizes anticipated accretion in the first full year, integration via transition services agreements, and an investment‑grade target for post‑close leverage and dividends.

McCormick & Company outlines a proposed combination with Unilever's food business framed as a Reverse Morris Trust to create a global food company focused on flavor. Management says the combined group would be about two thirds Unilever foods and one third McCormick by size and expects the deal to be accretive in the first year to sales, adjusted operating margin, and adjusted EPS. The company highlighted integration planning (separation then integration), noting 80% of Unilever Foods sales are already separated, and cited sourcing scale with work across 54,000 smallholder farmers. The discussion focused on brand fit (Hellmann’s, Knorr, Cholula, Frank’s), innovation, and operational cost pressures such as higher packaging inputs tied to energy prices.

McCormick & Company outlines a proposed combination with Unilever's food business framed as a Reverse Morris Trust to create a global food company focused on flavor. Management says the combined group would be about two thirds Unilever foods and one third McCormick by size and expects the deal to be accretive in the first year to sales, adjusted operating margin, and adjusted EPS. The company highlighted integration planning (separation then integration), noting 80% of Unilever Foods sales are already separated, and cited sourcing scale with work across 54,000 smallholder farmers. The discussion focused on brand fit (Hellmann’s, Knorr, Cholula, Frank’s), innovation, and operational cost pressures such as higher packaging inputs tied to energy prices.

McCormick & Company is combining its business with Unilever's foods business to create a roughly $20 billion global flavor company that will include brands such as French's, Frank's RedHot, and Hellmann's. The companies expect about $600 million of cost synergies and say the deal will be accretive in year one to sales, adjusted operating margin, and adjusted EPS.

Management says the transaction rests on expanded global distribution, complementary R&D, and reinvestment behind brands; McCormick notes it sources over 17,000 ingredients from 90 countries and that 80% of Unilever's foods portfolio is already standalone, which they say lowers integration complexity. Timing and detailed EPS figures are not provided in the excerpt.

McCormick & Company is combining its business with Unilever's foods business to create a roughly $20 billion global flavor company that will include brands such as French's, Frank's RedHot, and Hellmann's. The companies expect about $600 million of cost synergies and say the deal will be accretive in year one to sales, adjusted operating margin, and adjusted EPS.

Management says the transaction rests on expanded global distribution, complementary R&D, and reinvestment behind brands; McCormick notes it sources over 17,000 ingredients from 90 countries and that 80% of Unilever's foods portfolio is already standalone, which they say lowers integration complexity. Timing and detailed EPS figures are not provided in the excerpt.

MCCORMICK & CO INC Chairman, President & CEO Brendan M. Foley received a compensation-related award of phantom stock tied to company shares. On this date, he acquired 47.681 phantom stock units at a reference price of $51.02 per unit under a Non Qualified Retirement Savings Plan.

Each phantom stock unit represents the right to receive one share of McCormick voting common stock in accordance with the plan’s terms. After this grant, Foley holds 13,731.663 phantom stock units indirectly through the retirement plan, plus 130,056.016 voting common shares and 1,383.460 non-voting common shares directly. This reflects routine executive compensation rather than an open-market trade.

McCormick & Co. Chairman, President & CEO Brendan M. Foley reported a compensation-related acquisition of 49.799 shares of Phantom Stock on April 2, 2026 under a Non Qualified Retirement Savings Plan. Each phantom share represents the right to receive one share of Common Stock - Voting.

Following this award, Foley holds 13,683.983 phantom stock shares indirectly through the plan. His direct holdings remain at 130,056.016 shares of Common Stock - Voting and 1,383.460 shares of Common Stock - Non Voting, indicating this is a routine-sized compensation entry rather than an open-market trade.

McCormick & Company entered into definitive agreements to combine with Unilever Foods via a multi-step transaction. The transactions include a Distribution of SpinCo shares, two-step mergers, and related agreements (Merger Agreement, Separation and Distribution Agreement, Employee Matters Agreement) dated March 31, 2026. The deal contemplates McCormick issuing voting and non-voting common stock to SpinCo shareholders and a 364-day senior unsecured bridge facility of up to $15.7 billion. Completion is subject to McCormick shareholder approval of a Share Issuance and Charter Amendment, regulatory clearances, effectiveness of an S-4 registration statement, financing, and other customary conditions.

McCormick & Company entered into definitive agreements to combine with Unilever Foods via a multi-step transaction. The transactions include a Distribution of SpinCo shares, two-step mergers, and related agreements (Merger Agreement, Separation and Distribution Agreement, Employee Matters Agreement) dated March 31, 2026. The deal contemplates McCormick issuing voting and non-voting common stock to SpinCo shareholders and a 364-day senior unsecured bridge facility of up to $15.7 billion. Completion is subject to McCormick shareholder approval of a Share Issuance and Charter Amendment, regulatory clearances, effectiveness of an S-4 registration statement, financing, and other customary conditions.

McCormick & Company amended a prior report to fully describe a major transaction with Unilever and file the key definitive agreements. McCormick will combine with Unilever’s foods business via a Reverse Morris Trust, with Unilever Foods first separated into SpinCo and then merged into McCormick subsidiaries.

Unilever will receive cash, intercompany notes and, if needed, a SpinCo note so that total consideration equals $15,700,000,000. After the mergers, Unilever and its shareholders are expected to hold between approximately 55.1% and 65% of McCormick common stock on a fully diluted basis, while existing McCormick shareholders are expected to hold about 35.0%. McCormick obtained a $15.7 billion, 364‑day unsecured bridge facility to finance the deal if permanent financing is not in place at closing.

McCormick & Company, Incorporated held its Annual Meeting of Stockholders on April 1, 2026. Stockholders elected eleven directors to the Board, with each nominee receiving several million votes in favor and only modest opposition or abstentions, allowing them to serve until the next annual meeting.

Stockholders also ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending November 30, 2026, with 11,535,004 votes for and limited opposition. In an advisory, non-binding vote, stockholders approved the compensation paid to the company’s Named Executive Officers, with 6,948,728 votes for versus 280,800 against. No other matters were submitted for action.

McCormick & Company presented a town hall describing the proposed combination with Unilever Foods, framing it as a strategic deal to create a larger global flavor company. The presentation cites a combined company FY25 net sales figure of $20B and highlights 1% to 3% organic sales guidance for 2026 alongside an Adjusted EPS target of $3.05 to $3.13. The slides disclose transaction-related risks, required regulatory and shareholder approvals, and near-term business continuity: "Business as Usual."

McCormick & Company presented a town hall describing the proposed combination with Unilever Foods, framing it as a strategic deal to create a larger global flavor company. The presentation cites a combined company FY25 net sales figure of $20B and highlights 1% to 3% organic sales guidance for 2026 alongside an Adjusted EPS target of $3.05 to $3.13. The slides disclose transaction-related risks, required regulatory and shareholder approvals, and near-term business continuity: "Business as Usual."