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Fortune Brands Innovations, Inc
Ticker Symbol: FBIN CUSIP: 34964C106 Exchange: NYSE
Novemeber 22, 2022 -- Fortune Brands Home & Security, Inc. (NYSE: FBHS or “Fortune Brands” or the “Company”), an industry-leading home and security products company, announced that on November 21, 2022, its Board of Directors approved the previously announced separation of its cabinets business, MasterBrand, Inc. (“MasterBrand”), via a tax-free spin-off.
The separation is expected to be complete on Wednesday, December 14, 2022, and will be achieved through the distribution of all outstanding shares of MasterBrand common stock to Fortune Brands common stockholders of record as of 5:00 PM, Central Time, on Friday, December 2, 2022. The distribution of MasterBrand’s shares is expected to be completed after the market close on Wednesday, December 14, 2022, with Fortune Brands common stockholders receiving one share of MasterBrand’s common stock for every share of Fortune Brands’ common stock held on the record date. Fortune Brands expects that a “when-issued” public trading market for MasterBrand’s common stock will commence on or about Friday, December 9, 2022, and to continue up to and including the distribution date on Wednesday, December 14, 2022, under ticker symbol “MBC WI”. Fortune Brands also anticipates that “regular-way” trading of MasterBrand’s common stock will begin on Thursday, December 15, 2022, under the ticker symbol “MBC”, the first trading day following the distribution date.
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Company's Online Profile
BUSINESS: Fortune Brands Innovations, Inc is headquartered in Deerfield, Ill., creates products and services that help fulfill the dreams of homeowners and help people feel more secure. The company’s trusted brands include Master Lock, MasterBrand cabinets, Moen faucets, Simonton windows and Therma-Tru entryway systems. They’re brands people trust, and they help them build solid shareholder value year after year. FBHS holds market leadership positions in all of their segments.
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IPO - 1/1/1900
Previous Ticker Symbol: FBHS Changed: 12/15/22
Previous Name: Fortune Brands Home & Security, Inc. Changed: 12/15/22
Large Cap Stock -
Market Value $ Million
Yahoo News Summary for FBIN
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 520 Lake Cook Road, Deerfield, IL 60015 |
| Main Phone Number |
847-484-4400 |
| Fax Number |
Not Available |
| Investor Contact (VP)
Brian Lantz
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847-484-4400
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| CEO - Nicholas Fink |
CFO - David Barry |
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