Business Context and Reporting Period
Company: Brown-Forman Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: January 22, 2009
Reporting Period: Specific events occurring on January 22, 2009.
Key Financial Metrics
This filing does not contain comprehensive financial statements. The only financial metric disclosed is a dividend declaration:
- Dividend: Regular cash dividend of $0.2875 per share on Class A and Class B Common Stock.
- Record Date: March 6, 2009.
- Payment Date: April 1, 2009.
Revenue, profit, cash flow, margins, debt, and liquidity figures are not provided in this document.
Material Changes
The filing reports two material corporate governance changes effective January 22, 2009:
- Director Departure: Matthew R. Simmons retired from director service effective at the conclusion of the Board meeting.
- Committee Appointment: Director John D. Cook was appointed as a member of the Board Compensation Committee.
Guidance, Outlook, and Risks
This filing does not provide management guidance, future outlook, risk factors, or contingencies. It strictly reports the dividend declaration and board composition changes pursuant to Regulation FD and Item 5.02.
Investor Verification Checklist
- Verify the ex-dividend date to determine eligibility for the $0.2875 per share payment.
- Confirm the impact of Matthew R. Simmons' retirement on Board committee assignments.
- Review the full text of the press release (Exhibit 99.1) for any additional context not summarized in the 8-K.