Every material Form 8-K McCormick & has filed with the SEC since January 29, 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.
McCormick reported third-quarter fiscal 2026 net sales up 17.4%, helped mainly by the McCormick de Mexico acquisition, with organic growth of 1.9%. Diluted EPS fell to $0.36 from $0.84 after $0.50 per share of special charges, while adjusted EPS was $0.86 versus $0.85 a year earlier. The company reaffirmed its fiscal 2026 outlook, though the special charges weigh on reported profit.
Net sales rose 17.4% in the quarter, with organic sales up 1.9% and McCormick de Mexico contributing 14.6%.
Reported operating income was $217 million versus $289 million a year earlier; adjusted operating income was $359 million versus $294 million.
Special charges lowered diluted EPS by $0.50, including a non-cash impairment of about $43.1 million tied to ending a pepper sourcing project in Malaysia.
The company reaffirmed its fiscal 2026 outlook, including adjusted EPS of $3.05 to $3.13, and said it remains on track for the proposed Unilever Foods combination, expected to close by mid-2027.
McCormick director Anne Bramnan, who chairs the Audit Committee, told the Board on August 25, 2026 that she intends to resign. She is leaving to take a new role as Executive Vice President and Chief Financial Officer of Best Buy, and the company says the resignation is not due to any disagreement over its operations, policies, or practices.
Bramnan steps down as Audit Committee chair effective September 1, 2026; Valarie Sheppard takes over as chair that day.
Bramnan remains a Board and Audit Committee member until her resignation takes effect November 30, 2026.
Her reason for leaving is her new role as Executive Vice President and Chief Financial Officer of Best Buy Co., Inc.
The filing states the resignation is not due to any disagreement with the company.
McCormick reported fiscal second-quarter 2026 results for the period ended May 31, 2026, with net sales up 16.7% and adjusted earnings per share up to $0.80 from $0.69. GAAP earnings per share fell to $0.56 from $0.65 because special charges, including transaction and integration costs, reduced earnings by $0.24 per share. The company reaffirmed its fiscal 2026 outlook while it advances integration planning for the proposed Unilever Foods combination.
Net sales rose 16.7% to a total that included a 2.7% favorable currency impact; organic sales growth was 1.7%.
Adjusted operating income was $336.4 million, up from $258.6 million; reported operating income was $276.4 million, up from $245.8 million.
Reported EPS was $0.56 versus $0.65 a year earlier; special charges lowered diluted EPS by $0.24.
The company reaffirmed fiscal 2026 adjusted operating income growth of 16% to 20% and adjusted EPS of $3.05 to $3.13.
McCormick & Company's board appointed Cindy Hoots, recently retired Chief Digital Officer and CIO of AstraZeneca PLC, as a director effective June 1, 2026, and she will join the Audit Committee on that date. The company says the appointment is part of its ongoing board refreshment process and will leave the board with 12 directors, 11 of them independent.
Appointed by the board on May 19, 2026; effective June 1, 2026
Will join the Audit Committee on June 1, 2026
Board will have 12 directors, 11 of whom are independent
Hoots also serves on the board of Zoom Communications, Inc.
McCormick entered into a $2.0 billion term loan agreement on April 28, 2026, to help finance the cash portion of its pending combination with Unilever's foods business. The loan matures three years after the closing date, and McCormick also reduced its bridge financing commitment by $2.0 billion.
Term loan of up to $2.0 billion, available at Merger closing, maturing three years after closing
Financial covenant requires Consolidated EBITDA to Interest Expense ratio of at least 3.75:1.00 each fiscal quarter
Bridge Facility commitments of up to $15.7 billion cut by $2.0 billion, effective April 28, 2026
Merger Agreement dated March 31, 2026; the term loan includes a ticking fee of 0.10% per annum from July 29, 2026
McCormick appointed Andrew Foust, its President Americas, as Chief Integration Officer to lead integration of its combination with Unilever's foods business, and named Patrick Davis as Interim President Americas during that work. The changes place senior leadership on the Unilever Foods transaction while the company says it is keeping base business performance in focus.
Andrew Foust moves to Chief Integration Officer, remains an Executive Officer and Management Committee member, and is expected to return to President Americas after integration.
Patrick Davis, President, North America Consumer Products since 2024, becomes Interim President Americas.
Announced April 15, 2026; 8-K filed April 17, 2026.
On March 31, 2026, McCormick signed definitive agreements with Unilever under which Unilever's foods business would be separated and combined with McCormick through two mergers. After the mergers, McCormick shareholders would own approximately 35.0% of the combined company's shares, which dilutes their current stake, and the McCormick board would expand to twelve members, including four Unilever designees. Completion depends on McCormick shareholder approval, an effective Form S-4 registration statement, and antitrust and other regulatory clearances.
Agreements dated March 31, 2026 cover the Merger Agreement, a Separation and Distribution Agreement, and an Employee Matters Agreement with Unilever and related entities.
Post-merger ownership: Unilever shareholders approximately 55.1%, McCormick shareholders approximately 35.0%, and DutchCo approximately 9.9%, unless Unilever elects a structure giving Unilever shareholders about 65%.
Closing requires McCormick shareholder approval of the share issuance and charter amendments, an effective Form S-4, and expiry of the Hart-Scott-Rodino waiting period.
The McCormick board would be set at twelve members: eight current directors and four designated by Unilever.
McCormick reported first-quarter fiscal 2026 results for the quarter ended February 28, 2026, with net sales up 16.7% and adjusted earnings per share of $0.66 versus $0.60 a year earlier. The company reaffirmed its fiscal 2026 outlook, including adjusted earnings per share of $3.05 to $3.13, and reported reported EPS of $3.77, which includes a non-cash gain tied to its McCormick de Mexico acquisition.
Net sales rose 16.7% as reported and 1.2% organically; the January 2, 2026 McCormick de Mexico acquisition contributed 12.4%.
Adjusted operating income was $268 million versus $225 million a year earlier; reported operating income was $228 million.
Reported diluted EPS of $3.77 includes a $3.22 non-cash gain on remeasurement of the previously held McCormick de Mexico stake; special charges reduced EPS by $0.11.
Fiscal 2026 outlook reaffirmed: adjusted EPS growth of 2% to 5% and adjusted operating income growth of 16% to 20%.
McCormick said its Vice President & Controller, Gregory P. Repas, will retire effective July 1, 2026, and will step down as principal accounting officer on April 1, 2026. Julie Giese, currently Vice President and Assistant Corporate Controller, will take over both roles on April 1, 2026, with a $400,000 base salary. The change is an orderly succession in the finance function and does not involve an executive officer role.
Gregory P. Repas gave notice on March 12, 2026 of his intention to retire, effective July 1, 2026.
Julie Giese, age 46, was appointed Vice President & Controller and principal accounting officer on March 16, 2026, effective April 1, 2026.
Giese joined McCormick in August 2024 and previously was Director of Accounting for Pepco Holdings LLC from April 2016 through August 2024.
Giese's annual base salary is $400,000; the positions are not executive officer roles.
McCormick reported fourth-quarter and fiscal 2025 results for the period ended November 30, 2025, with net sales up 3% in the quarter and adjusted earnings per share of $0.86 versus $0.80 a year earlier. The company also issued fiscal 2026 guidance for adjusted earnings per share of $3.05 to $3.13 and net sales growth of 13% to 17%, reflecting the January 2, 2026 acquisition of a controlling interest in McCormick de Mexico.
Q4 2025 net sales rose 3% to a level tied to a 2.9% reported increase; adjusted EPS was $0.86 versus $0.80 in Q4 2024
Fiscal 2025 adjusted EPS was $3.00 versus $2.95 in 2024; reported EPS was $2.93 versus $2.92
Fiscal 2026 guidance: adjusted EPS of $3.05 to $3.13 (2% to 5% growth), net sales growth of 13% to 17%, and adjusted operating income growth of 16% to 20%
The board authorized a 7% increase to the quarterly dividend, the 40th consecutive year of dividend increases
McCormick & Company appointed Gavin Hattersley and Rick Dierker to its Board of Directors, effective February 1, 2026. Directors Maritza G. Montiel and W. Anthony Vernon will retire and not stand for re-election at the April 1, 2026 annual meeting. The filing describes these as board refreshment changes, and no financial results or guidance were reported.
Gavin Hattersley, retired President and CEO of Molson Coors Beverage Company, joins the Board effective February 1, 2026 and will serve on the Compensation and Human Capital Committee.
Rick Dierker, President and CEO of Church & Dwight Co., Inc., joins the Board effective February 1, 2026 and will serve on the Audit Committee.
Maritza G. Montiel and W. Anthony Vernon will remain on the Board until the April 1, 2026 annual stockholders' meeting, then retire.
McCormick reported third-quarter fiscal 2025 net sales of $1.72 billion, up 3% from a year earlier, with reported EPS of $0.84 versus $0.83 and adjusted EPS of $0.85 versus $0.83. The company reaffirmed its 2025 sales growth outlook but lowered its operating income and earnings per share outlook because of rising commodity costs and incremental tariffs. For shareholders, sales held up while the expected fiscal 2025 profit is lower.
Net sales were $1,724.9 million versus $1,679.8 million a year earlier, with organic growth of 2%, led by volume.
Gross profit margin was 37.4% versus 38.7% a year earlier, and adjusted gross profit margin was 37.5%.
Adjusted EPS guidance for fiscal 2025 is now $3.00 to $3.05, down from $3.03 to $3.08 in the June 2025 guide.
Reported EPS guidance is now $2.95 to $3.00, down from $2.98 to $3.03; the net sales growth outlook of 0% to 2% was reaffirmed.
McCormick reported second-quarter fiscal 2025 results for the period ended May 31, 2025, with net sales up 1% to $1.66 billion and reported diluted EPS down to $0.65 from $0.68. Adjusted EPS was $0.69, flat year over year, and the company reaffirmed its fiscal 2025 outlook for net sales, adjusted operating profit, and adjusted EPS. The mixed picture reflects higher sales and operating income offset by a larger special charge and a higher tax rate.
Net sales were $1,659.5 million, up 1% from $1,643.2 million; organic sales rose 2%, driven by volume.
Operating income was $245.8 million versus $234.1 million a year earlier; adjusted operating income was $258.6 million, up 9.7%.
Reported diluted EPS was $0.65 versus $0.68; adjusted diluted EPS was $0.69, unchanged from the prior year.
Fiscal 2025 adjusted EPS outlook of $3.03 to $3.08 was reaffirmed, with tariff mitigation plans cited.
McCormick reported first-quarter fiscal 2025 results for the period ended February 28, 2025, with net sales of $1,605.5 million, up slightly from $1,602.7 million a year earlier. Diluted earnings per share fell to $0.60 from $0.62, and adjusted EPS fell to $0.60 from $0.63, as operating income declined. The company reaffirmed its fiscal 2025 outlook, including adjusted EPS of $3.03 to $3.08.
Net sales of $1,605.5 million vs. $1,602.7 million a year earlier; organic sales rose 2%, driven by volume
Operating income of $225.2 million vs. $233.5 million; adjusted operating income of $225.2 million vs. $237.7 million
Diluted EPS of $0.60 vs. $0.62; adjusted diluted EPS of $0.60 vs. $0.63
Fiscal 2025 outlook reaffirmed: adjusted EPS of $3.03 to $3.08 and adjusted operating income growth of 3% to 5% as reported
McCormick & Company disclosed that director Patricia Little intends to retire from its board and will not stand for re-election. She will remain on the board until the next annual stockholders' meeting, currently scheduled for March 26, 2025. The filing describes a board transition with no financial figures, so it has no direct effect on reported results.
Patricia Little informed the Nominating and Corporate Governance Committee on January 27, 2025 of her retirement plan
She will not stand for election at the next annual stockholders' meeting, scheduled for March 26, 2025
Ms. Little will continue serving on the board until that meeting
The filing reports no financial figures or compensation changes
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