Every 8-K that Universal Corporation (UVV) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow UVV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UVV filings page.
Universal Corporation (UVV) reports that J. Patrick O’Keefe, its Vice President, Ingredients, was terminated without cause on September 15, 2026. O’Keefe had previously informed the company on July 29, 2026 of his intention to retire. Universal states that it is continuing its previously announced process to identify a successor with the assistance of an executive search firm.
Universal Corporation reported lower revenue and earnings for the first quarter of fiscal 2027. Sales and other operating revenue were $523.8 million, down 12% from the prior-year quarter, and operating income declined to $2.3 million from $33.8 million. Net income attributable to Universal was a $5.0 million loss, or diluted earnings of $(0.20) per share, compared with $8.5 million, or $0.34 per share, a year earlier. The company cited lower tobacco volumes and prices, a less favorable product mix, fewer carryover crop sales, oversupply in flue-cured and burley markets, and unfavorable foreign currency comparisons.
In the Ingredients Operations segment, revenue decreased 3% to $86.7 million and operating results moved to a $0.7 million loss amid consumer-market headwinds, high fixed costs at the expanded Lancaster facility, and inventory write-downs. Liquidity remained strong with approximately $1.1 billion of available liquidity and total debt $55.5 million lower than a year earlier, while interest expense declined by $1.3 million. At the 2026 annual meeting, shareholders elected three directors, approved the advisory resolution on executive compensation, and ratified Ernst & Young LLP as independent auditor for the fiscal year ending March 31, 2027.
Universal Corporation disclosed that J. Patrick O’Keefe has notified the company of his intention to retire from his roles as Vice President, Ingredients of Universal Corporation and Senior Vice President of Universal Ingredients, Inc.
The company plans to engage an executive search firm to help identify a successor. O’Keefe will remain in his current position until a successor is appointed and will then provide support to help ensure a smooth transition of leadership.
Universal Corporation reported softer results for fiscal 2026 as one-time charges and tobacco inventory issues weighed on earnings. Sales and other operating revenue were $2.924 billion, roughly flat versus $2.947 billion a year earlier, but operating income fell 28% to $168.5 million.
Reported diluted EPS declined to $1.30 from $3.78, and adjusted diluted EPS fell to $2.64 from $4.63, driven largely by a $41.1 million non-cash goodwill impairment at the Shank’s ingredients business and higher tobacco inventory write-downs of $52.0 million.
The Tobacco Operations segment saw revenue slip 1% to $2.58 billion and operating income drop 12% to $211.5 million, reflecting softer demand and write-downs in dark air-cured tobacco, though demand for most styles remained firm. Ingredients revenue grew 3% to $348.1 million, but operating income fell sharply to $3.2 million due to mix, high fixed costs at Shank’s, and write-downs.
On the balance sheet, total debt decreased by $168.7 million to $904.3 million, while net debt rose modestly to $845.5 million as cash declined. The company reported about $1.3 billion of available liquidity as of March 31, 2026 and highlighted progress on sustainability, including an “A” CDP Supplier Engagement rating.
Universal Corporation filed an amended report to update compensation details for its incoming Senior Vice President and Chief Financial Officer, Steven S. Diel, effective April 1, 2026. His compensation package includes a $490,000 annual base salary, a $350,000 annual target bonus, and $560,000 in target annual long-term equity awards.
He will also receive a one-time restricted stock unit grant valued at approximately $1.2 million on the effective date, based on the volume-weighted average stock price from January 31, 2026 to March 31, 2026. These RSUs will vest in three equal installments on April 1 of 2027, 2028, and 2029, subject to continued employment, and will accrue dividend equivalents that vest only when the underlying units vest.
Universal Corporation reported softer results for the quarter and nine months ended December 31, 2025, and announced a CFO transition. Third-quarter sales were $861.3 million, down 8% year over year, with operating income of $82.0 million and net income attributable to Universal of $33.2 million, a 44% decline. Diluted EPS fell to $1.32 from $2.37.
For the nine-month period, sales were $2.21 billion, down 2%, and net income attributable to Universal was $75.9 million, down 11%, with diluted EPS of $3.02. Tobacco operations remained the main earnings driver but faced lower volumes, oversupply in several tobacco styles, and higher inventory write-downs. Ingredients revenue grew 7% year to date but margins were pressured by higher fixed costs and market headwinds.
Universal reduced total debt by $77 million versus a year earlier and refinanced and upsized its revolving credit facility by $250 million, leaving about $595 million available at December 31, 2025. The company also highlighted a nearly sixfold increase in renewable electricity use to 17.7% of global consumption. The board elected Steven S. Diel as Senior Vice President and Chief Financial Officer effective April 1, 2026, while current CFO Johan C. Kroner will remain as Senior Vice President until his July 1, 2026 retirement to support a smooth transition.
Universal Corporation disclosed that it has withdrawn its previously announced offer of employment to Anubhav Mittal, who had been elected Senior Vice President and Chief Financial Officer effective February 17, 2026. As a result, Johan C. Kroner will continue serving as Senior Vice President and Chief Financial Officer until a successor is elected. The company indicated that, based on its recent executive search, it expects to elect a new CFO in the near term, leaving its current finance leadership in place for now.
Universal Corporation appointed Anubhav Mittal as Senior Vice President and Chief Financial Officer, effective February 17, 2026, as part of a planned transition following the previously announced retirement of current CFO Johan C. Kroner on July 1, 2026. Kroner will step down from the CFO role on the effective date but remain a Senior Vice President to support the handover.
Mittal joins from Archer Daniels Midland, where he held senior finance and M&A roles. His compensation includes a $650,000 annual base salary, a $500,000 annual target bonus, and targeted annual long-term equity awards of $850,000 beginning in May 2026. On the effective date, he will receive a one-time grant of restricted stock units with an approximate value of $2 million, vesting in three equal installments on May 19 of 2026, 2027, and 2028, plus a $600,000 signing bonus subject to repayment if he resigns voluntarily or is terminated for cause within 24 months.
Universal Corporation entered into a new unsecured bank Credit Agreement that replaces its prior syndicated facility. The new agreement provides a five-year term loan A-1 facility of $275,000,000, a seven-year term loan A-2 facility of $345,000,000, and a five-year revolving credit facility of $780,000,000, including sublimits for letters of credit and swingline borrowings. Interest is based on either a base rate or Adjusted Term SOFR plus a margin that varies with the company’s leverage, with specified initial margins applying until financial statements for the quarter ending on or about December 31, 2025 are delivered. The company used borrowings under the new facility to repay and terminate its existing credit agreement and expects to use ongoing availability for general corporate purposes, including acquisitions, investments, debt prepayments, and working capital.
Universal Corporation (UVV) furnished a press release discussing financial results for the quarter ended September 30, 2025, and announced a board change. The Board increased its size to 10 members and appointed Gregory A. Trojan as an independent director, effective immediately.
Mr. Trojan is expected to serve on the Audit Committee, the Compensation and Human Resources Committee, and the Finance and Pension Investment Committee. His compensation will align with policies for other non‑employee directors. The company also furnished a separate press release regarding his appointment.