SEC Filing Summary: Constellation Brands, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Constellation Brands, Inc. on April 4, 2006. The report discloses a corporate governance change involving the Board of Directors.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. This report is limited to the appointment of a director and does not contain financial performance data.
Material Changes
- Board Appointment: Barry A. Fromberg was elected to the Board of Directors effective April 4, 2006.
- Reason for Vacancy: Mr. Fromberg fills the vacancy created by the resignation of George Bresler on November 17, 2005.
- Committee Assignments: No committee assignments have been made for Mr. Fromberg at this time.
Management Commentary and Compensation
Mr. Fromberg is considered an independent director under NYSE requirements. He is a Certified Public Accountant and previously served as Executive Vice President and Chief Financial Officer of Dean Foods Company until April 1, 2006. His compensation will follow standard amounts for non-management directors, with the annual retainer, option grant, and restricted stock award prorated to cover the remaining four months of the term.
Investor Verification Checklist
- Verify the independence status of Barry A. Fromberg under current NYSE listing standards.
- Review the Company's most recent Form 10-Q (filed October 11, 2005) for the standard compensation amounts referenced for non-management directors.
- Monitor future filings for Mr. Fromberg's specific committee assignments.
- Confirm there are no undisclosed arrangements or transactions involving Mr. Fromberg as required by Item 404(a) of Regulation S-K.