Every material Form 8-K Brady has filed with the SEC since February 21, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Brady Corporation entered into a Share Exchange Agreement on November 4, 2026, in which William H. Brady III transferred all 1,769,314 of his Class B Common Stock shares to the company in exchange for an equal number of newly issued Class A Common Stock shares. As a result of the transaction, Elizabeth P. Bruno now holds 100% of the Class B Common Stock, representing all of the company's voting power and resulting in a change in control. Dr. Bruno also stepped down from independent board committees, and the company qualified as a controlled company under NYSE rules.
On November 4, 2026, William H. Brady III exchanged 1,769,314 shares of Class B Common Stock for 1,769,314 newly issued shares of Class A Common Stock.
Elizabeth P. Bruno acquired 100% control of the company's Class B Common Stock voting power, resulting in a change in control.
William H. Brady III agreed to a 24-month lock-up period on the newly issued Class A Common Stock.
Dr. Bruno stepped down from the Management Development and Compensation Committee and the Corporate Governance Committee.
Brady reported fiscal 2026 fourth-quarter sales of $436.9 million, up 10.0%, and full-year sales of $1.66 billion, up 9.8%. GAAP diluted EPS fell to $0.96 in the quarter from $1.04 as acquisition and integration costs rose, while adjusted diluted EPS rose 17.5% to $1.48. The company also guided fiscal 2027 adjusted diluted EPS to $6.25 to $6.75 and raised its annual dividend to $1.00 per share from $0.98.
Q4 sales $436.9 million, up 10.0%; organic growth 8.4%
Q4 GAAP diluted EPS $0.96 vs. $1.04 a year earlier; adjusted diluted EPS $1.48 vs. $1.26
Fiscal 2027 adjusted diluted EPS guidance of $6.25 to $6.75, including about $0.80 accretion from the IPS segment
Annual dividend raised to $1.00 per share from $0.98; $0.25 quarterly payment on October 30, 2026 to holders of record October 9, 2026
Brady Corporation closed its acquisition of Honeywell Technologies' Productivity Solutions and Services (PSS) business on August 3, 2026, in an all-cash transaction valued at $1.4 billion. The company funded it with cash on hand, borrowings under a $1.0 billion credit agreement and $800 million of new senior notes, and it expects the business to add approximately $0.80 of incremental Adjusted Diluted EPS within the first year.
Transaction valued at $1.4 billion, all cash, closed August 3, 2026
Borrowed about $800 million under a $1.0 billion Credit Agreement dated June 12, 2026, and about $800 million under a Note Purchase Agreement
Senior notes: $250 million at 5.43% due 2031, $300 million at 5.65% due 2033, and $250 million at 5.90% due 2036
PSS generated sales of about $1.1 billion in 2025; Brady expects net debt-to-EBITDA of about 2.5x after transaction financing
Brady Corporation entered a $1.0 billion credit agreement on June 12, 2026, consisting of a $500 million term loan and a $500 million revolving credit facility, which replaced its prior 2019 credit agreement. The company says it will use the borrowings mainly to finance its pending acquisition of Honeywell's Productivity Solutions and Services business, which means the company will take on new debt tied to that deal.
Credit agreement dated June 12, 2026: $500 million term loan plus $500 million revolving credit facility, maturing June 12, 2031
Replaces previous credit agreement dated August 1, 2019; €13.0 million of revolving loans were exchanged and other obligations repaid in full
Revolver availability capped at $300 million until the PSS acquisition closes, then expands to the full $500 million
Maximum consolidated net leverage ratio of 3.50 to 1.00 (temporarily up to 4.00 to 1.00 after closing) and minimum interest coverage of 3.00 to 1.00
Brady Corporation said CEO Russell Shaller retired as President and Chief Executive Officer and resigned from the Board effective June 8, 2026. Board member Vineet Nargolwala was appointed CEO on the same date and will remain a director, though he will no longer serve on committees requiring director independence. The filing describes the leadership change as tied to the pending acquisition of the Productivity Solutions and Services business from Honeywell.
Russell Shaller retired as CEO and director effective June 8, 2026, and will stay on as a consultant with salary and benefits through August 1, 2026.
Vineet Nargolwala, previously President and CEO of Allegro MicroSystems, Inc. (June 2022 to February 2025), was appointed CEO effective June 8, 2026.
Nargolwala's offer letter sets a base salary of $1,000,000, a target annual bonus of 125% of salary, and an annual stock award with a grant date value of $6,400,000.
Nargolwala's Change of Control Agreement provides two times base salary and two times target bonus, plus a prorated target bonus, on a qualifying termination within 24 months of a change of control.
Brady Corporation reported fiscal 2026 third-quarter sales of $435.2 million, up 13.8 percent, and adjusted diluted EPS of $1.50, up 23.0 percent from $1.22. The company raised its fiscal 2026 adjusted diluted EPS guidance to $5.20 to $5.30 per share, while its GAAP EPS guidance moved to $4.66 to $4.76 from $4.62 to $4.82. The results are a positive sign for shareholders, though GAAP guidance was narrowed and the pending Honeywell PSS acquisition is not yet closed.
Q3 sales were $435.2 million, up 13.8 percent, with organic growth of 8.2 percent
Q3 GAAP diluted EPS was $1.21 versus $1.09; adjusted diluted EPS was $1.50 versus $1.22
Adjusted diluted EPS guidance for the year ending July 31, 2026 raised to $5.20 to $5.30 from $4.95 to $5.15
Agreement to acquire Honeywell's Productivity Solutions and Services business, signed April 20, 2026, expected to close in the second half of calendar 2026
Two Brady Corporation board members, Deidre E. Cusack and Anne De Greef-Safft, notified the company on May 6, 2026 that they are resigning from the Board of Directors effective May 8, 2026. The filing gives no reason for the resignations and does not name replacements.
Deidre E. Cusack resigned from the Board effective May 8, 2026; she sat on the Technology Committee.
Anne De Greef-Safft resigned from the Board effective May 8, 2026; she sat on the Audit Committee.
Resignation notices were given May 6, 2026; the filing does not state reasons or name successors.
Brady Corporation agreed on April 20, 2026 to acquire Honeywell's Productivity Solutions and Services business for $1.4 billion in cash, with closing expected in the second half of calendar 2026. The company plans to fund the deal with new debt and cash on hand, and BMO Capital Markets has committed up to $1.8 billion in bridge financing. For shareholders, the business generated about $1.1 billion of sales in 2025, and Brady expects net debt-to-EBITDA of about 2.5 times after transaction financing, deleveraging to below 2.0 times within two years of closing.
Base purchase price of $1.4 billion in cash, subject to customary adjustments; closing expected in the second half of calendar 2026 and subject to regulatory approvals.
BMO Capital Markets committed bridge facilities of up to $1.8 billion: a $1 billion Tranche A and an $800 million Tranche B.
PSS generated sales of approximately $1.1 billion in 2025, compared with Brady's fiscal 2025 sales of approximately $1.51 billion.
Brady expects a minimum of $25 million in annual run-rate cost synergies within three years of closing; the filing states the deal is financed with new debt and cash on hand.
Brady Corporation disclosed that director Christopher M. Hix notified the company on March 18, 2026 of his intent to leave its Board of Directors, effective March 31, 2026. Mr. Hix was a member of the Audit Committee, so the filing signals a board vacancy on that committee, though the filing does not name a replacement.
Christopher M. Hix notified Brady on March 18, 2026 of his intent to leave the Board of Directors.
Departure is effective March 31, 2026.
Mr. Hix was a member of the Audit Committee of the Board of Directors.
The filing does not state the reason for his departure or name a successor.
Brady Corporation reported fiscal 2026 second-quarter sales of $384.1 million, up 7.7% from $356.7 million a year earlier, and diluted EPS of $1.01 versus $0.83. It also raised the low end of its full-year fiscal 2026 EPS guidance, which matters to shareholders because the company now expects a narrower range on both GAAP and adjusted diluted EPS.
Q2 sales rose 7.7% to $384.1 million, with organic growth of 1.6%, acquisitions adding 2.3%, and currency adding 3.8%.
Adjusted diluted EPS rose 9.0% to $1.09 from $1.00; GAAP diluted EPS was $1.01 versus $0.83.
Adjusted diluted EPS guidance for the year ending July 31, 2026 is now $4.95 to $5.15, up from $4.90 to $5.15; GAAP guidance is now $4.62 to $4.82, up from $4.57 to $4.82.
Brady Corporation reported fiscal 2026 first-quarter results for the period ended October 31, 2025. Sales rose 7.5% to $405.3 million, and GAAP diluted EPS rose 16.5% to $1.13, while adjusted diluted EPS rose 8.0% to $1.21. The company also raised the low end of its full-year adjusted diluted EPS guidance, which matters to shareholders because it signals a higher expected earnings floor for fiscal 2026.
Q1 net sales were $405.3 million, up 7.5% from $377.1 million, including 2.8% organic growth
Diluted EPS was $1.13 versus $0.97 a year earlier; adjusted diluted EPS was $1.21 versus $1.12
Full-year fiscal 2026 adjusted diluted EPS guidance is now $4.90 to $5.15, up from $4.85 to $5.15 at the low end
GAAP diluted EPS guidance is $4.57 to $4.82, compared with $4.55 to $4.85 previously
Brady Corporation entered into a new Change of Control Agreement with General Counsel and Secretary Andrew T. Gorman on September 16, 2025, replacing his April 6, 2020 agreement. The Management Development and Compensation Committee approved the change to align his terms with those of the company's other named executive officers.
Agreement dated September 16, 2025, supersedes the existing agreement dated April 6, 2020.
Gorman would receive two times his annual base salary and two times his target bonus after a qualifying termination within 24 months of a change of control.
The agreement is filed as Exhibit 10.1 to the 8-K.
Brady Corporation reported fiscal 2025 fourth-quarter results with sales up 15.7% to $397.3 million, including 11.3 points from acquisitions, while GAAP diluted EPS fell to $1.04 from $1.15. Adjusted diluted EPS rose 5.9% to a record $1.26, and the company issued fiscal 2026 GAAP EPS guidance of $4.55 to $4.85 and adjusted guidance of $4.85 to $5.15. Its board also approved a dividend increase to $0.98 per share from $0.96 per share.
Q4 fiscal 2025 sales were $397.3 million vs. $343.4 million a year earlier; organic growth was 2.4%.
Q4 GAAP diluted EPS was $1.04 vs. $1.15; adjusted diluted EPS was a record $1.26 vs. $1.19.
Fiscal 2026 guidance: GAAP diluted EPS of $4.55 to $4.85 and adjusted diluted EPS of $4.85 to $5.15.
Annual dividend raised to $0.98 per share from $0.96; quarterly payment of $0.245 on October 31, 2025 to holders of record on October 10, 2025.
Brady Corporation reported fiscal 2025 third-quarter results for the period ended April 30, 2025, with sales up 11.4% to $382.6 million, helped by acquisitions, while organic sales grew 1.6%. The company narrowed its full-year adjusted diluted EPS guidance to $4.48 to $4.63 from $4.45 to $4.70, and lowered its GAAP EPS guidance to $3.95 to $4.10 from $3.99 to $4.24, so shareholders get a record adjusted quarter alongside a lower GAAP outlook.
Q3 diluted EPS rose 3.8% to $1.09; adjusted diluted EPS rose 11.9% to a record $1.22
Sales of $382.6 million included 10.5% growth from acquisitions and 1.6% organic growth; Europe & Australia organic sales fell 5.4%
Full-year adjusted EPS guidance tightened to $4.48 to $4.63; GAAP EPS guidance lowered to $3.95 to $4.10
Returned $44.5 million to shareholders in the quarter through dividends and share repurchases
Brady Corporation elected Anne De Greef-Safft to its Board of Directors effective February 25, 2025, and appointed her to the Audit Committee. She will receive $135,000 in fair value of unrestricted Class A Nonvoting Common Stock under the standard non-employee director compensation program. The appointment adds a director with prior global manufacturing and public company board experience, and it does not change reported financial results.
Board election effective February 25, 2025; grant date for her stock award is also February 25, 2025
Appointed to the Audit Committee of the Board
Stock award valued at $135,000 in fair value of unrestricted Class A Nonvoting Common Stock
Previously Group President of Standex International's Food Service Equipment Group (2015 to 2017); consulted for private equity firms from 2018 to 2024
Brady Corporation reported fiscal 2025 second-quarter sales of $356.7 million, up 10.6% from a year earlier, with acquisitions adding 10.2 points. GAAP diluted EPS fell 7.8% to $0.83, while adjusted diluted EPS rose 7.5% to $1.00, and the company raised the low end of its full-year adjusted EPS guidance. The company also lowered its GAAP EPS guidance to $3.99 to $4.24 to reflect facility closure and reorganization costs.
Q2 net sales of $356.7 million, up 10.6%; organic sales grew 2.6%
GAAP diluted EPS of $0.83 versus $0.90; adjusted diluted EPS of $1.00 versus $0.93
Full-year adjusted EPS guidance low end raised to $4.45 from $4.40; range now $4.45 to $4.70
GAAP EPS guidance updated to $3.99 to $4.24 from $4.02 to $4.32 for facility closure costs
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